Entrepreneur Idea Guide
Starting a High School
We've collected some good advice that is perfect for entrepreneurial folks who hope to start a high school. Make sure you consider this advice before you begin your venture.
Wondering how to start a high school? We take you step-by-step from start to success.
Business Plans 101 for High School Startups
As an aspiring high school owner, you've invested time and effort in the creation of your initial business plan. Now it's time to address details about your industry.
Industry analyses are standard chapters in high school business plans and are often required by lenders or investors. In most cases, industry analyses discuss the opportunities and threats that confront similar businesses throughout your industry.
To succeed, you'll need to be careful to avoid common industry analysis mistakes and to accurately represent your startup in an industry context.
Review the Competition
Prior to launching a high school in your town, it's essential to find out how strong the competition is. We've provided the link below to help you find competitors nearby. Complete the form by entering your city, state and zip code to get a list of high schools that are close by.
How tough is the competition in the market you are considering? If the competition is too tough, you may need to think about starting the business in a different area or even start a completely different business instead.
Studying the Market
After you've evaluated your local competitors, it's a smart move to learn from folks who are already in business. If you think your local competitors will give you advice, you're being overoptimistic. The last thing they want to do is help you to be a better competitor.
However, an entrepreneur who owns a high school in a different city may be willing to share their entrepreneurial wisdom with you, 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 can you find an entrepreneur who is running a high school that lives outside of your area?
Simple. Let your fingers do the walking by using the link below.
Gaining Access to High School Ownership
Common sense will tell you that to enter the world of high school, you'll either need to start a new business or acquire a promising company on the business-for-sale marketplace. There are a lot of benefits of buying a high school.
The current economic climate is a buyer's market – if you have enough capital to start a high school, you should have no problem financing the purchase of a high school that has a solid earnings history and a workable business model.
Is Franchising the Right Option?
Your odds of making a success of your new business are much greater when you opt to franchise in lieu of doing everything yourself.
Before opening a high school, it's worthwhile to determine whether franchising 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.
More Advice for Startups
These additional resources regarding starting a business may be of interest to you.
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Additional Resources for Entrepreneurs