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WHEN TO START
Table of Contents
As a matter of fact, if you have decided to start A Private school in Nigeria, there is no need of delaying in the start-ups. In fact, that is what this Private School Business Plan In Nigeria is all about. In addition, Crèche, Nursery, Kindergarten, Primary and Secondary School Business Plan – every of these section of the school will be covered.
To start with, my type of business plan incorporates a business coaching model which will always help you find your way out immediately. I bet you, by the time you finish reading this article, you will be ready for your school business. In fact, there are facts enough for you to write your business plan by yourself otherwise call me on +234 8034347851 for a professionl touch.
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THE USE OF THIS BUSINESS PLAN
Now, check out what my type of business plan will help you achieve. It will help you to:
- Articulate what to do;
- Make capital budget;
- Do the materials budget;
In addition,
- Make personnel budget;
- Make turnover budget;
- And, make your service delivery/marketing assessment;
- Talk to somebody about the business – a friend, family member, partner, investor, collaborator, competition etc.
- Chart a management pathway – as a management road map
- Get a business coach or consultant to help you;
- Belong to a trade association;
- Ask for & get government/donor/NGO’s help;
- Get Bank loan, investors and partners
- Get Bank of Industry Small Scale Entrepreneurship loan
furthermore, is to
- Plan for expansion
- Get Bank of Industry-Dangoted Sponsored Entrepreneurs’ loan
- Get Ministry of Education Registration,
- Apply for NAFDAC Registration,
- Get Ministry of Trade and Investment Accreditation/Trade marks
- Get Nigeria Export promotion council accreditation/registration
This is my standard. So, just take the appropriate steps. All may not apply to you.
START-UP STEPS:
Now let’s see the steps you should take to start this Business – Private School Business Plan In Nigeria/ Crèche, Nursery, Kindergarten, Primary and Secondary School Business Plan.
- Do a feasibility study – Ask around, get to those who are already in the business. Visit www.completefmc.com and click the Business Plan and Feasibility label to get variety of business plan templates.
- Get a business plan – to do your business analysis, financial plan and financial feasibility analysis – contact [email protected] for this.
- Register your business name with CAC Nigeria – call +234 8034347851 for this.
- Finance – Plan for Initial/start-up capital – for Fixed assets and working capital. The business plan could tell you how much you need for the business. Or the business plan is tailored to suite the amount of money you have in hand.
Furthermore,
- Gain some working or school business management experience;
- Location – Get a good, public accessible location – Government secretariats, Local government offices, popular roads in your vicinity, Popular bus stops or bus terminals, Parks, religious premises & environs, town centres and others.
- Approval – Get necessary permit from government or controlling trade unions or institutions where you want to locate your business.
- Equipment – Fixed Assets – Your school building ( erecting or renting), Generator, Furniture (plastic chairs, desk/table, book rack/shelf) etc.
- Working Tools – your working capital/consumables – black board and its accessories, stapler, staple pins, paper, ink, tonner – Miscellaneous expenses, & left-over cash in hand.
- Personnel – A reasonable number of teaching and non-teaching staff for a start with good qualifications, teaching experience, and excellent emotional competencies – teamwork, humility and self-restraint, reliability and availability.
These milestones will be achieved by this business plan!
Private School Business Plan In Nigeria/ Crèche, Nursery, Kindergarten, Primary and Secondary School Business Plan – Business Plan Processes begins.
Private School Business Plan In Nigeria – The Executive Summary:
The School name is Certificate Guarantee School. It is situated at No 22 Umuahia Road Owena. This business plan is for 4 years, and is projecting into the growth and development of the school. The research we have done shows that the business will remain profitable all through the 4 years.
It’s estimated that the school population in all the segments will grow at 20% annually. The school runs three sections/departments/segments. So, these are the Kindergarten, Primary and secondary school segments.
In fact, the business plan reveal a net return on investment of N2,000,000.00, N3,500.000.00, N5,800,000.00, N7,450,000.00 for the four years from the first year to the fourth year.
The company profile:
To begin with, the school name is Certificate Guarantee School. It is owned and managed by Mr. Success and his family. The school started 10 years ago with the kindergarten class with which it has been able to build the school up to a secondary level last year.
As a matter of fact, the school has been able to ain accreditation from Ministry of education due to its good performance in the primary and in the common entrance exams.
Our product/services:
For facts, we parade some of the excellent teachers in the schools around our environment. Our Staff put in their best to ensure that there is good result at the end of every session.
The school in all of its segments runs a 2-hour extra tutorial hours every school day from 2.00pm to 4.00pm.
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| PHOTOGRAPH AFTER AN EXCELLENT ACADEMIC OUTING |
Private School Business Plan In Nigeria/ Crèche, Nursery, Kindergarten, Primary and Secondary School Business Plan
The market and the Industry Analysis:
The market is large and highly competitive. In fact, in Owena town alone, there are 200 primary schools and 50 secondary schools. Notwithstanding, our school still keeps is head high above our competitor because of hard work and dedication to duty of our staff.
This has actually attracted a lot of parents to our school. Th parents are happy with our School performance.
Presently our target market/segments are:
- Nursery/Kindergarten segment
- Primary schools Segment
- Secondary School Segment
Marketing mix/strategies:
We have employed several approaches to this which include;
- Display of our banner at the school premise,
- Distribution of fliers at every holiday, 2 weeks before resumption
- Application of word of mouth
- Radio and Television announcements
- Organised inter-house sports
- Participation in state sports activities and other academic activities
- The social media platforms: Facebook, Tweeter, Whatsapp etc. are of great help
Private School Business Plan In Nigeria/ Crèche, Nursery, Kindergarten, Primary and Secondary School Business Plan
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Financial plans and forecast:
The following is the projected income statements, balance sheet and fund flow statement for the 4 years. As you can see, these financial analysis indicate that the school will always be solvent within these years.
SWOT Analysis @ Private School Business Plan In Nigeria
Furthermore, our Strength, lies in the quality of our academic staff, the location of the school, and our ability to have penetrated into participating in the state sports and academic activities. However, our weakness is only seen from the fat that the school accommodation is not going to be enough in the next two years. Notwithstanding, opportunities abound for us in this environment as nearly 30% of the families bring their children to our school.
FURTHER REQUIREMENTS:
In summary, you are required at this juncture to contact Complete Full Marks consultants Limited (CFMC Ltd) at +234 8034347851 or [email protected]
CFMC Ltd as an accounting, auditing, taxation and business consulting firm assists clients with business information. We incorporate clients companies and name registration at CAC Nigeria, prepares clients business plans, tax clearance certificates, and assist clients obtain mining licences.
Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.
