2021/03/02 at 10:57 AM
One of the important steps after making the decision to open a new school is considering the associated investments. Planning your finances is wise and an extremely important thing to do to maintain an effective gripping of the target audience and to match the needs of the ever-changing market. The feasibility study of the school is required for submitting the best-detailed project report. We at Shri Educare, provide the much-needed services and suggestions about the potentialities and the anticipated return on investment of a proposed school area. We are committed to adding value to your school by providing services like financial feasibility, academic audits, finances, and more.
Many a time new school startups jump straight into the construction stage of the new school building without analyzing the market, as in, the statutory requirements, what kind of a school will sustain in the long run, and so on. Market survey helps to determine a sustainable concept for your school as well as to ensure you are making the right investment. It is definitely a must thing to do in this volatile nature of the school industry world. Moreover, a lot of money goes into the setup of a new school so it’s always better to avoid uncertainty. Some of the probable methods to conduct analysis has been listed down below –
Through the feasibility study, various things are taken into consideration like analyzing the existing schools in an area, facilities offered by the school, lesson planning, reviewing revenue, the availability of workforce, and so on.
In any new school project, analyzing the competition in the area you are planning to open your school is an important exercise. A school promoter should have clarity of the points listed down below in advance, considering the existing competition in the market. This is only possible by having a detailed report of the feasibility study. Let us have a look at these points –
A detailed project report serves as important documentation for all those who wish to start a new school. The report is a detailed and an all-inclusive development plan that acts as a guide to the school promoters. Further, it can also be used to obtain loans for the planned school project. So, ideally, a project report should be prepared before the start of a new school.
The detailed project report of the school includes important issues concerning the school project like the design phase of the project, philosophy of the school, academic programs, the structure of the organization, marketing and branding material, financial feasibility, market analysis, student admissions, project schedule, and so on.
Let us have a look at the main focus area in the project report –
Planning to start a school in India and looking to add value to your esteemed school? Look no further and connect with Shri Educare Limited today! Since the inception of our company in 2008, we are committed to expanding our reach of providing quality education. We have a complete understanding of the school industry and always strive to offer our best services to the school promoters. Call us to know more about our services and we will be happy to help!