Although establishing a school is a challenging task, still it is a rewarding and profitable venture. Hence undoubtedly, investing in a school is a wise decision. However, before starting a school, it is essential to get familiar with certain pre-requisites for starting a school.
A few important pre-requisites are developing a business plan, securing the funds, determining the location and land etc. However, the most important aspect is to develop a school business plan which should define the each and every detail of the process of setting up the school.
Moreover, it is important to prepare a comprehensive school business plan template, as it is to be presented to the bank, while approaching for loans. In case you want to know about the school business plan template, go through the following pointers:
- Almost every school operates under the purview of a Society/Trust. So, you need to have in your school business plan template, a Memorandum of Association (MoA), a document required at every stage. The MoA must include the names, addresses and other important details of all the members of the Society/Trust.
- Further, it is essential that the school business plan template should be framed in such a way that it is easy to understand and comprehend. The aims & objectives, purpose of starting the venture etc. must be mentioned in a simple yet effective way, so that the banker gets convinced to lend you the loan.
- Next, make a list of all the licenses and documents that you will have to acquire, such as:
- No Objection Certificate (NOC)
- Document regarding ownership of land (in case of personal property)
- Letter of Intent (LoI)
- Secondary documents such as sanctioned business plan, water testing report, health certificate, permit from the fire department etc.
- Apart from this, a blue-pint of the school building must also be included in the school business plan template. This is because it will help you afterwards in the construction process.
- Last but not the least, work upon the cost-effective marketing strategies which will help you to promote your school. For this, make a list of all the marketing agencies that could help you throughout the promotional process.
These above mentioned pointers will help you to frame a good and effective school business plan template. However, if you feel that framing a school business plan template is difficult, then it is advisable to join hands with SHEMROCK Schools. The Chain of Schools offers the best franchise benefits to its franchisees. It will help you to prepare a comprehensive school business plan template and act as a guiding element since the time of association.
