5 THINGS YOU SHOULD HAVE BEFORE STARTING A PRIVATE SCHOOL.
5 THINGS YOU SHOULD HAVE BEFORE STARTING A PRIVATE SCHOOL.
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Starting a private school is a dream many people have and it is a good dream to pursue.
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You want to educate children. You want to make a difference in
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society and you want to build a business that makes you money.
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But having money to rent a building or build a block of classrooms and
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employ teachers is not enough to start a successful private school.
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Before you open that school gate and welcome your first set of
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students, there are 5 important things you should have.
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✔️ (1) A Clear Plan. Don’t start a school simply because other people are making money from having a school.
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But make sure you know the type of school you want to run,
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the parents you want to serve, the fees you will charge,
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and how you intend to attract parents and pupils.
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A clear plan will help you avoid simple – simple mistakes that are costly.
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✔️ (2) Enough Money to Start and Run the School.
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You need money for rent, classroom furniture, teaching materials,
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staff salaries, registration, and other expenses.
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More importantly, have some money to run the school
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when school fees are not coming in as expected.
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Remember, not every parent will pay fees on time,
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but your teachers will still expect their salaries.
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✔️ (3) Knowledge of School Management.
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You don’t have to be a trained teacher before you can own a private school.
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BUT … BUT …. BUT you must understand how a school operates,
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including staff management, teaching and learning,
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discipline, parents’ complaints management and daily administration.
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If you are a school owner and you don’t have experience in school management,
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employ or work with an experienced school administrator who can guide you.
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✔️. (4) A Good System for Managing Money.
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Please, don’t wait until your school starts losing money before you learn how to manage school finances.
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You need a system for recording school fees, tracking parents that are owing school fees,
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recording expenses, and knowing whether your school is making a profit or a loss.
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Remember: Money your school collected is not the same as the profit you school made.
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Without proper financial records, your school may look busy and
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successful while you are actually losing money.
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✔️ (5) A Plan for Getting and Keeping students.
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A beautiful school building does not automatically bring students.
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You need to know how to reach parents, explain the value of your school, build
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trust, and encourage satisfied parents to recommend your school to others.
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Also, work on providing quality education and treating parents well and with respect.
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Remember that, respect is reciprocal. If you want parents to
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respect your authority as a school, make sure you also rest them.
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Getting students is important, but keeping them is also very important.
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As I am going to end this discussion, I will like to say;
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Starting a private school is one thing ….. Building a school that attracts parents,
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manages money properly, pays staff, and grows steadily is another thing entirely.
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Don’t focus only on starting a school, focus on building a school that can survive and grow for many years.
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If you are a private school owner or you are planning to start a private school,
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which of these five things do you think is the most important?
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Let’s discuss in the comments.
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My name is Oloruntoba Oyedokun.
I share tested and trusted ideas and information that help private school owners get more students and increase income
