The most popular establishment in the education sector is the formal schools which aim at providing a teaching & learning environment to its students. Moreover, schools are considered to be an integral part of a student’s life as it provides formal education which is the first step towards a high flying career. So, owing to the importance of formal schools many business persons find it lucrative to invest their money in this ever growing sector. Also, starting your own school is an intelligent decision as it is a onetime investment and you can avail its benefits for the rest of your life. I case you too want to start your own school, go through the following steps.
First, you need to decide the kind of school you want to open. For instance, you may start a primary school, secondary school or a 10+2 school. So, for that you may ask the parents in your community or conduct a market survey in assistance with professionals who will help you to determine the need of the community. However, it is advised to start a primary school first and then gradually upgrade it to higher level.
Next, you need to form a panel with at least three members to get their support in terms of finance and commitment of time. Remember to be very careful while selecting the members for your panel as these members will eventually become the board of directors of your school.
Further, you need to get this panel registered as a Trust/Society under the Public trust Act/Societies registration Act as per the laws of the government. It is essential to get your committee registered to declare its non–profit motive.
Next, you need to determine the budget. Usually, an investment of about Rs.1 Crore is needed to start a primary school. However, this investment can go up to Rs.2 Crore in case you plan to open a senior secondary school.
After arranging the budget, you need to get the NOC and the Letter of intent from the State Department of Education (DoE) in order to acquire the land for the purpose of setting up of your school.
The next step after the acquisition of land is the construction of the school infrastructure. For that, you may first plan a layout in assistance with an experienced architect and then hire a contractor for the construction purpose.
Once the construction is over, you may seek recognition from the state authorities like MCD/DoE. The recognition is granted only if the school satisfies certain minimum requirements and adheres to the standards of the concerned authority.
The next step is to seek affiliation to an educational board such as CBSE, CISCE or the respective state board. However, it is highly advised to get affiliation from CBSE as it is one of the most popular boards that provide affiliation to both English and Hindi medium schools.
After completing all the formalities, you need to choose the key staff members for your school. This includes a principal, subject teachers, accounts executive, lab assistants, librarian and other support staff.
Finally, when your school is ready for operations, you need to advertise it and promote it to your community. Design an interactive website for your school to attract more number of admission queries. You may also organize workshops and seminars to get in touch with the prospective parents and students of your community.
Once you have done enough marketing, you may start admitting students to your school.
These are some basic steps that you need to undertake in order to start your own school. However, instead of taking up all the stress and difficulties on your own, you may resort to taking up a school franchise. SHEMFORD Futuristic Schools is India’s fastest growing international chain of formal schools which provides the best franchise opportunities. So, get associated with SHEMFORD and utilize its services and wisdom to make your dream a reality. Fill the franchise application form given here.