If you’re a teacher, then there are probably a lot of things about your job that you love. Every time you get into work, you know you’re having a direct, positive influence on the futures of countless children. What you might not like is being just another employee! If you have the experience and an entrepreneurial mind set, then you may have considered establishing your own private school. Here are some helpful tips for pursuing such a venture.
First off, don’t start off too small. Education is something everyone needs, and the private market is highly competitive. You’ll probably need to start your establishment as something small and specialised. However, if it’s far too small, it’s likely to fail fairly quickly. At the very least, you’ll need four teachers to cover the core subjects. While your school is still a small operation, you may be able to teach some classes yourself. Some parents actively look for small establishments, wanting their kids to be given more attention. However, if you don’t have enough resources, your school is sure to fail.
You’ll need to spend some time focussing on the little details of your school. finance is especially important. Any educational establishment, regardless of the size, will need to raise funds and manage a budget. You may know a fair bit about business already, so that won’t be new to you. In private education though, there are several other nitty gritty details you need to be paying attention to. Aside from this, you’ll need to manage the school’s faculty, PR, and relations with the local school council. If you accommodate for special education, then you’ll need to understand all the laws and fine print surrounding this. Many new schools are built from scratch, so you’ll need to look into a construction budget, planning permission and so forth.
Once your school is ready to start business, you’ll need to set up various management systems. These will help you assess and evaluate how the school is doing as you progress. Don’t skip over this just because you’re counting on the operation being small! There might not be much to it now, but if your school is successful the entire establishment will grow very quickly. If things go well, you’re going to need at least one balanced scorecard template! As time goes on, make sure you’re monitoring every last facet of the school, and assessing how well the whole school is performing. Aside from these internal evaluations, you should also be asking parents for feedback on the different programs you run. There’s no harm in being experimental, but don’t reinvent the wheel! Parents are paying you to give their kids a beneficial education. In your early stages, it’s best to model your school on an established success story.
These three tips will help a lot in setting up your private school. My final piece of advice is not to be a one-man band. The most effective private schools include teachers, parents, and council authorities in all decisions.