Thinking about opening an engineering school? We tell you what you need to know to get started.
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Writing Tips for an Engineering School Business Plan
Your new engineering school needs a business plan. But if you've never drafted a business plan before, the process can be intimidating.
But here's the good news: With a few tips, any entrepreneur can create a successful plan for their business. In its simplest form, a business plan is a document that describes your company's goals and your strategy for achieving them.
Once your business plan is in place, you can use it for a variety of funding and planning functions.
Before you begin, we recommend reviewing a few sample business plans.
Take a Look at the Competition
Prior to launching an engineering school in your area, it's a smart move to determine how many competitors you have. Use the link below to generate a list of competitors nearby. After clicking on the link, type in your city, state and zip code to get a list of engineering schools near you.
Gain a knowledge of how existing firms have positioned themselves in the marketplace, and then design your business in a way that sets you apart from the others.
Getting Advice from Experienced Entrepreneurs
Once you've finished assessing the competion, it's essential that you talk to somebody who is already in the business. It's very unlikely that the local competition will talk to you. It'd be crazy for them to teach you the business.
Fortunately, somebody who runs an engineering school on the other side of the country will be much more likely to talk with you, as long as they don't view you as a competitive threat. In that case, the business owner may be more than happy to discuss the industry with you. If you are persistent, you can find a business mentor who is willing to help you out.
Want the scoop on finding an entrepreneur who is running an engineering school in a different locale who can assist you?
Easy. Find them using our link below and start calling until you are successful.
Purchasing an Engineering School
At Gaebler, we're big advocates of buying an engineering school instead of a startup. Yet the process of buying an engineering school introduces a new set of challenges.
As you would expect, there are a number of steps in buying a business. To stay on track, you'll need to enlist the services of a business broker.
A good business broker serves a number of useful purposes. From locating available companies to helping seal the deal, your broker will have the experience and skills to help you successfully navigate the purchase process.
The probabilities on your doing well in business go up significantly when you opt to franchise and leverage their successful brand and track record.
Before opening an engineering school, it's worthwhile to check out whether purchasing a franchise might help you on your entrepreneurial journey.
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 sell to engineering 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.