Thinking about opening a public school? We tell you what you need to know to get started.
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Best Practices for Writing a Public School Business Plan
Many new public school owners feel unprepared for the challenge of writing a business plan.
Fortunately, you don't have to tackle your public school's business plan by yourself. There are plenty of useful solution designed to assist public school entrepreneurs in business plan writing.
Our Business Plan Help section discusses some of the business plan resources other entrepreneurs have found useful.
Don't Ignore Competitors
Before you open a public school within your community, it's a smart move to find out how many competitors you have. Try our link below to get a list of local competitors near you. After following the link, enter your city, state and zip code to get a list of public schools in your area.
How are you going to successfully complete with existing firms? It's important that you never underestimate the competition.
Find Good Remote Business Advice
Once you've finished assessing the competion, it's essential that you learn from folks who are already in business. Local competitors are not going to give you the time of day, mind you. Why would they want to educate a future competitor?
However, an entrepreneur who owns a public school in another town will be much more likely to talk with you, once they realize that you are not going to directly compete with them in their community. In fact, they are often very willing to share startup advice with you. If you are persistent, you can find a business mentor who is willing to help you out.
How do you find a public school founder who is willing to advise you because you live in different cities?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Benefits & Drawbacks of a Public School Acquisition
An acquisition can be a great way to enter public school ownership. But it's important to evaluate the benefits and drawbacks of buying a business before you decide on either an acquisition or startup approach.
PROs: A good public school will deliver revenue and ROI from day one. Even more, the right public school acquisition can place you in a market leadership position from your first days as a business owner.
DRAWBACKS: On the downside, public school acquisitions can be difficult to adapt to your unique business philosophy so it's important to make sure the business is capable of achieving your ownership goals before you initiate the buying process.
Consider Buying a Franchise
Buying a franchise ensures that you can leverage ideas and systems that have been tested and proven over time.
Prior to starting a public school, you should investigate whether franchise opportunities in your space might help you avoid common entrepreneurial mistakes.
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 public schools, this isn't the right place for you. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.