Thinking about opening a parochial school? We tell you what you need to know to get started.
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Characteristics of a Good Parochial School Business Plan
Your parochial school's business plan should be tailored to your business's unique traits and goals. However, the most effective business plans do address specific sound business plan elements:
- Mission Statement – Your description of your parochial school's reason for existing.
- Goals & Objectives – The end results of your company's business activities.
- Financial, Marketing & Action Plans – Specific plans that describe your business environment, demographic targets and quantitative estimates.
Investigate the Competition
Prior to opening a parochial school in your town, it's worthwhile to see how you will fit in the competitive landscape. Try our link below to generate a list of competitors in your area. After clicking on the link, type in your city, state and zip code to get a list of parochial schools near you.
Is the local market large enough to support another parochial school? If not, you had better be sure that you are doing things much better than the competition.
Talk to People Who Are Already in the Business
After you've evaluated your local competitors, it's essential that you speak with somebody who is already in the business. It's very unlikely that the local competition will talk to you. What's in it for them?
Thankfully, an owner of a a parochial school in a location that is not competitive to you may be more than happy to give you a few tips, provided that you won't be directly competing with them. In fact, they are often very willing to share startup advice with you. In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
Where does one find a parochial school owner in a different locale who can assist you?
Simply, try our helpful link below, type in a random city/state or zipcode, and start calling.
Top Three Reasons to Buy an Established Parochial School
It's almost always preferable to buy a parochial school than to pursue a parochial school startup.
Although buyers should always perform thorough due diligence, there at least three reasons you should consider a parochial school purchase as your entryway to business ownership.
- Initial Revenue. Startups struggle to bring in revenue right out of the gate while existing businesses usually have a steady stream of income.
- Operational Efficiency. When you're shopping for a parochial school, be sure to look for ones that have all of the necessary processes and systems to ensure seamless operations from your first day of ownership.
- Capital Acquisition. Lenders, investors and other funding sources almost always prefer business purchases to startups.
Consider Buying a Franchise
Recognize that your chances of doing well in business go up significantly if you become a franchisee rather than going it alone.
As part of your process in starting a parochial school, it's worthwhile to assess whether buying a franchise could make your life much easier.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These additional resources regarding getting started as an entrepreneur may be of interest to you.
If you came here to learn about selling to parochial schools, you're in the wrong place. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.