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School Business Plan Templates

Planning on Establishing a Nursery, Kindergarten, Primary School, or a Non-Profit Educational Institution for Underprivileged Students? Then Download Our Sample School Business Plan Templates! They Feature Standard Business Plan Format with Ready-Made Sections Such as an Executive Summary Page and Competition Analysis. Download Anytime for Free Only Here on Template.net!

• School Absence
• School Admission
• School Admission Flyer
• School Agenda
• School Agreement
• School Analysis
• School Anniversary
• School Assessment
• School Assistant
• School Background
• School Banner
• School Behavior
• School Billboard
• School Biography
• School Board
• School Brochure
• School Budget
• School Business
• School Business Card
• School Business Plan
• School Calendar
• School Campaign
• School Card
• School Carnival
• School Catalog
• School Certificate
• School Chart
• School Checklist
• School Cleaning
• School Clipart
• School Club
• School Contract
• School Cookbook
• School Coordinator
• School Coordinator Resume
• School Counselor
• School Desk
• School Desk Calendar
• School Director
• School DL Card
• School Drive
• School Education
• School Election
• School Emergency
• School Event
• School Facebook
• School Facebook Post
• School FlowChart
• School Flyer
• School Form
• School Fundraising
• School Gantt Chart
• School ID Card
• School Illustration
• School Instagram
• School Instagram Post
• School Instagram Story
• School Invitation
• School Invoice
• School Lesson
• School Lesson Plan
• School Letter
• School Letter of Intent
• School Letterhead
• School Library
• School Linkedin
• School Linkedin Post
• School Logo
• School Magazine
• School Magazine Ad
• School Management
• School Marketing
• School Meeting Minutes
• School Meme
• School Memo
• School Menu
• School Mission Statement
• School Newsletter
• School Note
• School Notice
• School Nurse
• School Open House
• School Organizational Chart
• School Party
• School Photography
• School Plan
• School Planner
• School Policy
• School Post
• School Poster
• School Presentation
• School Principal
• School Program
• School Project
• School Promotion
• School Proposal
• School Quotation
• School Rack Card
• School Receipt
• School Recommendation Letter
• School Registration
• School Reopening
• School Report
• School Report Card
• School Resume
• School Reunion Invitation
• School Rollup Banner
• School Schedule
• School Sheet
• School Sign
• School Snapchat Geofilter
• School Social Media
• School Specialist
• School Staff
• School Statement
• School Stationery
• School Story
• School Student
• School Student Planner
• School Supply
• School Supply Drive
• School Teacher
• School Teacher Cover Letter
• School Teacher Resume
• School Ticket
• School Timeline
• School Timetable
• School Tri-Fold Brochure
• School Tutoring
• School Vector
• School Voucher
• School Whatsapp Post
• School Worker
• After School Poster
• After School Program
• Basic School
• Driving School
• High School
• High School Brochure
• High School Business
• High School Card
• High School Classroom
• High School Cover Letter
• High School CV
• High School Flyer
• High School Graduation
• High School Lesson Plan
• High School Letter
• High School Plan
• High School Planner
• High School Poster
• High School Resume
• Letter of Recommendation for Graduate School
• Primary School

A winning School Business Plan will keep you on track with your objectives. It will guide you on planning for the future because you already outlined your projected activities. For you to organize all your plans, we offer one of the best school business templates. These files are 100% customizable, easily editable, and printable that will help you save time. Make use of professionally written content. Simply modify some details that will suit your needs. Freely download all these in any file format such as Google Docs , Microsoft Word , and Apple Pages .

What Is a School Business Plan?

A school business plan lays all your school business objectives. It determines how the business intends to function and how it will become financially rewarding.

How to Create a School Business Plan

When attempting to attract finance for your school, a business plan template is very crucial. Your prospective investor will be able to read your well-written business plan discussing all their concerns, addressing their tough questions, and persuading them that your vision is good enough to justify financing.

This short guide will present useful tips and easy to follow instructions that will surely help you how to start a business plan. Read carefully and understand each detail.

1. Create an Executive Summary

Your executive summary must be a short review of the entire school business plan. It requires no more than a page or two in length. Here, you explain how your desired project will work. It has to be a clear and concise overview of the content of your proposal and maintain the same outline as the legal document in its entirety. Generally speaking, your executive summary should invite readers to read more. Make sure it is easy to follow and understand.

2. Write a Business Description

Next step, write a business description. Although a lot of schools like private schools have an operational and strategic plan , it is still quite uncommon for a school to create a business plan. In this part, it provides the background information that describes your school's history, needs, and the scope of business actions that your school is planning to develop.

An article reveals that writing a business description is the most crucial and complex thing to do. This part narrates what your business is all about, how it will be run, and why do you think it will be a successful one.

3. Do Market Research

It has been reported that businesses fall short from time to time and their funders end up losing significant amounts of money. It is because they did not fully understand the industry they were running in and had not taken the initiative to conduct strong and intensive market plans and research before building a business. Knowing the market means understanding who are your prospective clients, what are their needs and the like.

The more guided your actions are, the greater the possibility of success for your school businesses.

4. Build Management and Structure

In any company conducting big or small business , management is accountable and responsible for its success and failure. It is essential to operate certain matters. A set of individuals pursuing a shared goal must perform together and they might need to manage their personal intentions to obtain that particular objective. For each individual in a position of accountability and responsibility, you must be detailed in defining their official professional experience, their expertise in a specific functional environment or industry, and a record of their accomplishments throughout their careers.

5. Make a Financial Plan

Financial resources evaluate the situations in which capital is obtained, the use of the capital as well as the scheduled payments and stake in economic activities. A financial report is accounting's entire picture. It essentially sums up the company's financial condition. The specific details are important to the management and other interested parties such as investors, shareholders or owners.

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School Business Plan

High demand and a recurring revenue model make starting a school business a lucrative and rewarding profession.

Anyone can start a new business, but you need a detailed business plan when it comes to raising funding, applying for loans, and scaling it like a pro!

Need help writing a business plan for your school business? You’re at the right place. Our school business plan template will help you get started.

Free Business Plan Template

Download our free school business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

• Fill in the blanks – Outline
• Financial Tables

How to Write A School Business Plan?

Writing a school business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

• Introduce your Business: Start your executive summary by briefly introducing your business to your readers.This section may include the name of your school business, its location, when it was founded, the type of school business (E.g., private schools, charter schools, virtual schools), etc.
• Market Opportunity: Summarize your market research, including market size, growth potential, and marketing trends. Highlight the opportunities in the market and how your business will fit in to fill the gap.
• Educational programs & services: Highlight the school services you offer your clients. The USPs and differentiators you offer are always a plus.For instance, you may include education programs, extracurricular activities, special education services, etc as your services.
• Marketing & Sales Strategies: Outline your sales and marketing strategies—what marketing platforms you use, how you plan on acquiring students, etc.
• Financial Highlights: Briefly summarize your financial projections for the initial years of business operations. Include any capital or investment requirements, associated startup costs, projected revenues, and profit forecasts.
• Call to Action: Summarize your executive summary section with a clear CTA, for example, inviting angel investors to discuss the potential business investment.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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2. Business Overview

The business overview section of your business plan offers detailed information about your business. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

• Public schools
• Private schools
• Charter schools
• Magnet schools
• Virtual or online schools
• Boarding schools
• International schools
• Religious schools
• Describe the legal structure of your school, whether it is a sole proprietorship, LLC, partnership, or others.
• Explain where your business is located and why you selected the place.
• Owners: List the names of your school’s founders or owners. Describe what shares they own and their responsibilities for efficiently managing the business.
• Mission Statement: Summarize your business’ objective, core principles, and values in your mission statement. This statement needs to be memorable, clear, and brief.

This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

• Target market: Start this section by describing your target market. Define your ideal customer and explain what types of services they prefer. Creating a buyer persona will help you easily define your target market to your readers.For instance, families looking for additional education or extracurricular activities are the ideal market for private schools generally.
• Market size and growth potential: Describe your market size and growth potential and whether you will target a niche or a much broader market.For instance, the US education industry is to be $3.12 trillion by 2030, so it is crucial to define the segment of your target market and its growth potential.
• Competitive Analysis: Identify and analyze your direct and indirect competitors. Identify their strengths and weaknesses, and describe what differentiates your school from them. Point out how you have a competitive edge in the market.
• Market Trends: Analyze emerging trends in the industry, such as technology disruptions, changes in customer behavior or preferences, etc. Explain how your business will cope with all the trends.For instance, personalized learning or STEM education is getting important; explain how you plan on dealing with this potential growth opportunity.
• Regulatory Environment: List regulations and licensing requirements that may affect your school business, such as education laws & regulations, government accreditation, teacher certificate & licensing, health & safety regulations, etc.

Here are a few tips for writing the market analysis section of your school business plan::

• Conduct market research, industry reports, and surveys to gather data.
• Provide specific and detailed information whenever possible.
• Illustrate your points with charts and graphs.
• Write your business plan keeping your target audience in mind.

4. Products And Services

The product and services section should describe the specific services and products that will be offered to students. To write this section should include the following:

• Education programs
• Extracurricular activities
• Counseling & Guidance
• Special education services
• Transportation services
• Food services
• Testing and assessments
• Describe specialized programs: Highlight any specialized programs or services your school provides in this section. Extracurricular activities, artistic initiatives, sports teams, STEM efforts, language immersion programs, and advanced placement courses may fall under this category.
• Student leadership programs: If your school has a vibrant student leadership program that encourages students to grow as leaders, participate in volunteer work in the community, and actively contribute to the improvement, then mention it here.
• Additional Services: Mention if your school business offers any additional services. You may include services like, after-school programs, school transportation, food services, parent education & involvement, etc.

In short, this section of your school plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

• Unique Selling Proposition (USP): Define your business’s USPs depending on the market you serve, the equipment you use, and the unique services you provide. Identifying USPs will help you plan your marketing strategies.For example, specialized programs, educational philosophies, experienced faculty, or a strong track record of academic achievements could be some of the great USPs for school business.
• Pricing Strategy: Describe your pricing strategy—how you plan to price your services and stay competitive in the local market. You can mention any discounts you plan on offering to attract new students.
• Marketing Strategies: Discuss your marketing strategies to market your services. You may include some of these marketing strategies in your business plan—social media marketing, Google ads, brochures, content marketing, and print marketing.
• Sales Strategies: Outline the strategies you’ll implement to maximize your sales. Your sales strategies may include targeted marketing, personalized sales approach, referral programs, conversion strategies, etc.
• Customer Retention: Describe your customer retention strategies and how you plan to execute them. For instance excellent services, alumni engagement, parental engagement, etc.

Overall, this section of your school business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your school business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

• Staffing & Training: Mention your business’s staffing requirements, including the number of employees or teachers needed. Include their qualifications, the training required, and the duties they will perform.
• Operational Process: Outline the processes and procedures you will use to run your school business. Your operational processes may include enrollment process, staffing & human resources, classroom management, finance & budgeting, etc.
• Equipment & Software: Include the list of equipment and software required for school, such as whiteboards & projectors, student information systems, learning management systems, communication & collaboration tools, etc.Explain how these technologies help you maintain quality standards and improve the efficiency of your business operations.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your school business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

• Founders/CEO: Mention the founders and CEO of your school, and describe their roles and responsibilities in successfully running the business.
• Key managers: Introduce your management and key members of your team, and explain their roles and responsibilities.It should include, key executives(e.g. principal), senior management, and other department managers (e.g. operations manager, admission manager, facilities manager) involved in the school business operations, including their education, professional background, and any relevant experience in the industry.
• Organizational structure: Explain the organizational structure of your management team. Include the reporting line and decision-making hierarchy.
• Compensation Plan: Describe your compensation plan for the management and staff. Include their salaries, incentives, and other benefits.
• Advisors/Consultants: Mentioning advisors or consultants in your business plans adds credibility to your business idea.So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.

This section should describe the key personnel for your school, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

• Profit & loss statement: Describe details such as projected revenue, operational costs, and service costs in your projected profit and loss statement . Make sure to include your business’s expected net profit or loss.
• Cash flow statement: The cash flow for the first few years of your operation should be estimated and described in this section. This may include billing invoices, payment receipts, loan payments, and any other cash flow statements.
• Balance Sheet : Create a projected balance sheet documenting your school business’s assets, liabilities, and equity.
• Break-even point: Determine and mention your business’s break-even point—the point at which your business costs and revenue will be equal.This exercise will help you understand how much revenue you need to generate to sustain or be profitable.
• Financing Needs: Calculate costs associated with starting a school business, and estimate your financing needs and how much capital you need to raise to operate your business. Be specific about your short-term and long-term financing requirements, such as investment capital or loans.

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

• Add a table of contents for the appendix section to help readers easily find specific information or sections.
• In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
• Provide data derived from market research, including stats about the industry, user demographics, and industry trends.
• Include any legal documents such as permits, licenses, and contracts.
• Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your school business plan should only include relevant and important information supporting your plan’s main content.

The Quickest Way to turn a Business Idea into a Business Plan

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This sample school business plan will provide an idea for writing a successful school plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our school business plan pdf .

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Frequently asked questions, why do you need a school business plan.

A business plan is an essential tool for anyone looking to start or run a successful school business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your school.

How to get funding for your school business?

There are several ways to get funding for your school business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

• Bank loan – You may apply for a loan in government or private banks.
• Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
• Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
• Angel investors – Getting funds from angel investors is one of the most sought startup options.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your school business?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your school business plan and outline your vision as you have in your mind.

What is the easiest way to write your school business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any school business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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School Business Plan Template

Written by Dave Lavinsky

School Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their schools.

If you’re unfamiliar with creating a school business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a school business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a School Business Plan?

A business plan provides a snapshot of your school as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a School

If you’re looking to start a school or grow your existing school, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your school to improve your chances of success. Your school business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Schools

With regards to funding, the main sources of funding for schools are donations and gifts, tuition, personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for schools.

Finish Your Business Plan Today!

How to write a business plan for a school.

If you want to start a school or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your school business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of school you are running and the status. For example, are you a startup, do you have a school that you would like to grow, or are you operating a chain of schools?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the school industry.
• Discuss the type of school you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of school you are operating.

For example, you might specialize in one of the following types of schools:

• Private K-12 school : this type of school typically charges tuition, and may be affiliated with a religious organization, or specialize in a particular learning method.
• Charter school: this type of school offers primary or secondary education for a tuition, and may receive some public funding, and/or donations. These schools require their students to take state-mandated exams.
• Special subject school: this type of school specializes in teaching a specific subject, such as driving, first-aid, self-defense, fine arts, language, or general tutoring.
• Preschool: this type of school typically serves children who are aged 3 and 4. These schools prepare young children to enter formal education, and are funded by some combination of tuition, donations, and government grants.

In addition to explaining the type of school you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of students served, the number of students accepted into elite formal education institutions, etc.
• Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the school industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the school industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your school business plan:

• How big is the school industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your school? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your school business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: families with elementary-aged children, families with high-school-aged children, families with preschool children.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of school you operate. Clearly, families with high schoolers would respond to different marketing promotions than families with preschoolers, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other schools.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes public schools, virtual schools, and families who do homeschooling. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of students do they serve?
• What type of school are they?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide specialized instruction, either in subject or in method?
• Will you offer courses or services that your competition doesn’t?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a school business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of school that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide religious-focused K-8 education, college preparatory courses, or single-subject instruction like driving or fine arts?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the courses and/or extracurricular activities you offer and their prices.

Place : Place refers to the site of your school. Document where your company is situated and mention how the site will impact your success. For example, is your school located in a growing neighborhood, in the city center, or will you operate purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your school marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in local papers, radio stations and/or magazines
• Reach out to websites
• Distribute flyers
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your school, including answering calls, planning and delivering instruction, applying for grants, fundraising, performing administrative tasks, overseeing instructors, handling discipline, scheduling and monitoring extracurricular activities, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to enroll your Xth student, or when you hope to reach $X in revenue. It could also be when you expect to expand your school to a new city.  

Management Team

To demonstrate your school’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing schools. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in running a school or experience with public school administration or who has served on a public school board.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you enroll 100 or 1,000 students per semester, and/or offer extracurricular activities? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your school, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a school:

• Cost of equipment and supplies
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your school location lease or a list of elective courses or extracurricular activities you will offer.  

Writing a business plan for your school is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the school industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful school.  

School Business Plan FAQs

What is the easiest way to complete my school business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your school business plan.

How Do You Start a School?

Starting a school is easy with these 14 steps:

• Choose the Name for Your School
• Create Your School Business Plan
• Choose the Legal Structure for Your School
• Secure Startup Funding for Your School (If Needed)
• Secure a Location for Your Business
• Register Your School with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your School
• Buy or Lease the Right School Equipment
• Develop Your School Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your School
• Open for Business

Learn more about   how to start your own school .

Don’t you wish there was a faster, easier way to finish your School business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to learn about Growthink’s business plan writing services .

Other Helpful Business Plan Articles & Templates

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The Purdue Online MBA Offers:

• Balance: While you can complete your courses online when it’s convenient for you, our program provides 1-on-1 support from staff and faculty who host virtual sessions and office hours.
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• Access the Purdue Business Journal
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About the Mitchell E. Daniels, Jr. School of Business

Part of a leading stem university.

Purdue’s Mitchell E. Daniels, Jr. School of Business is part of one of the world’s preeminent engineering, science and technology universities. Our graduates are immediately prepared to contribute and possess the leadership skills to advance their careers, initiate progress and innovation in their fields, and build a better world.

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Amanda Farrer Purdue University Online MBA Graduate, 2022

"What stood out to me about the program was the flexibility. I was working in a position where I was traveling a lot, and since the program is online, I could study from anywhere in the world."

Christian Coakley Purdue University Online MBA Student, 2023

Application Requirements

To be eligible for admission to this program, the following are recommended:

• At least 24 months of work experience
• The equivalent of a U.S. four-year bachelor’s degree
• A minimum GPA of 3.0

Application review emphasizes your work experience, prior undergraduate academic record and professional training. To be considered for the Purdue Online MBA program, you may be asked to complete an interview with the program manager, and you will be required to submit all the items below:

• Academic Statement of Purpose introducing yourself to the Admissions Committee ( view full details )
• Two letters of recommendation
• Personal History Statement ( view full details )
• Professional resume with education, work experience and training
• Official transcripts for every higher education institution attended. Please note: All transcripts and/or academic documents uploaded by the applicant to the online application system are considered unofficial. Please order your transcripts to be sent directly from your institution to the Purdue University Graduate School at [email protected] .
• Interview feedback

The Online MBA is a rigorous program that requires quantitative aptitude. The Daniels School's online programs admissions team will look for evidence of this in your application via previous coursework. If you feel that you do not have sufficient evidence in your previous coursework to demonstrate this aptitude, you may want to consider submitting a GMAT or GRE score to enhance your application. The GMAT or GRE is not required for admission to the online MBA.

Online Application

When completing your application for the Purdue master of business administration online program, select the following:

• Graduate major: Management (MBA)
• An area of interest
• Degree objective: Master of Business Administration (MBA)
• Course delivery method: Distance (online or off-campus location)
• Fall 2024 Term: August 19, 2024 (application deadline – August 1, 2024)
• Spring 2025 Term: January 13, 2025 (application deadline – December 1, 2024)

Transcript Information

• All applicants must upload to the online application transcript(s) and/or academic document(s) for every institution of higher education attended. If a transcript and diploma/degree certificate is not in English, an English translation (certified by the college or university that issued it) must be uploaded.
• The uploaded transcript and/or academic document must be from the official version of the document. An official transcript bears the original signature of the registrar and/or the original seal of the issuing institution.
• If personal identifying information such as a student identification number or Social Security number appear on the document, REMOVE THIS INFORMATION from your electronic version of your document or mark out the information in black ink before scanning your document.

All transcripts and/or academic documents uploaded by the applicant to the online application system are considered unofficial. Please order your transcripts to be sent directly from your institution to the Purdue University Graduate School at [email protected] . The Purdue University Graduate School reserves the right to require official transcripts and/or academic documents at any time during the admissions process.

Letters of Recommendation

• Two online recommendations are required for your application to be received. No more than two recommendations are needed.
• Recommendations will only be accepted through the online application (no paper recommendations will be accepted).
• We strongly urge (but do not require) that one recommendation be from your direct supervisor.
• Recommendations from friends, family members, acquaintances and other sources unable to evaluate professional or academic qualifications for MBA study are not acceptable.
• We require that recommenders submit the recommendations online (instructions to do so are provided within the online application).

Please note that we will not receive your application until at least two registered recommenders have submitted recommendations through the online application.

Required Essays

Academic statement of purpose (2-pages max).

The Academic Statement of Purpose is an opportunity for you to introduce yourself to the Admissions Committee. In your statement, you should share information about your academic background and training, academic objectives and interests, and why you are a good match for the program to which you are applying.

View more information about the application statement .

Personal History Statement

Your Personal History Statement helps reviewers learn more about you and your potential as a graduate student. Your statement may include relevant information about your leadership roles, community services projects, participation in diverse teams, as well as any barriers you’ve had to overcome to attend graduate school.

View details about the personal history requirements .

Personalize Your Degree Plan

It's Your MBA on Your Terms

Design your own plan of study to fit your individual needs and goals. Graduate in as few as two years, or lighten your course load and take more time. For busy adults balancing work and school, it’s important to be able to slow down when you need to — or speed up when life allows.

You can also customize your MBA by choosing from a wide range of courses that best align to your career plans. Want to further hone your expertise? Add a specialization in one of ten high-demand areas, such as Business Analytics, Machine Learning and AI, and Digital Marketing & Analytics.

Additional Daniels School Master’s Programs

Whether you are an experienced working professional or looking to launch your career, Daniels offers a variety of graduate business options designed to suit your background and goals:

• Master of Business Programs
• Online Programs
• Specialized Master's Programs
• Certificate and Professional Development Programs

As Few as 2 Years

Program Length

3 Times a Year

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Notes and conditions - please read.

1 Innovative Institutions: Source: U.S. News & World Report, on the internet at https://www.usnews.com/best-colleges/rankings/national-universities/innovative

2 #9 Best Online MBA in North America: Source: https://ceo-mag.com/wp-content/uploads/2024/04/2024-Global-MBA-Rankings-All-Categories-.pdf

3 Top 10 Public University: The Wall Street Journal/Times Higher Education, on the internet at https://www.timeshighereducation.com/student/best-universities/best-public-universities-united-states ; #7 for Value: The Wall Street Journal/Times Higher Education, on the internet at https://www.wsj.com/articles/college-rankings-list-2022-11632246093

4 Graduates at Fortune 500 Companies: Source: Forbes, on the internet at https://www.forbes.com/sites/michaeltnietzel/2021/09/04/the-universities-with-the-most-graduates-working-at-top-fortune-500-companies/

5 Tuition rate includes fees. Tuition and fees are subject to increase based on approval by the Purdue University Board of Trustees. Financial aid is available to those who qualify.

6 Deposit is applied toward the first semester's tuition upon enrollment.

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Orlando Cepeda dies

South Korea orders doctors who joined protracted strike over medical school plan to return to work

South Korean doctors participated in a one-day walk out and held a rally in Seoul on Tuesday to protest against government plans to boost medical school admissions, starting next year. (AP video by Yong Jun Chang)

Members of The Korea Medical Association attend at a rally against the government’s medical policy in Seoul, South Korea, Tuesday, June 18, 2024. South Korean officials issued return-to-work orders for doctors participating in a one-day walkout Tuesday as part of a protracted strike against government plans to boost medical school admissions, starting next year. (AP Photo/Lee Jin-man)

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Members of The Korea Medical Association arrive for a rally against the government’s medical policy in Seoul, South Korea, Tuesday, June 18, 2024. South Korean officials issued return-to-work orders for doctors participating in a one-day walkout Tuesday as part of a protracted strike against government plans to boost medical school admissions, starting next year. (AP Photo/Lee Jin-man)

A flag of Seoul Medical Association flutters in the wind during a rally against the government’s medical policy in Seoul, South Korea, Tuesday, June 18, 2024. South Korean officials issued return-to-work orders for doctors participating in a one-day walkout Tuesday as part of a protracted strike against government plans to boost medical school admissions, starting next year. (AP Photo/Lee Jin-man)

SEOUL, South Korea (AP) — South Korean officials issued return-to-work orders for doctors participating in a one-day walkout Tuesday as part of a protracted strike against the government’s plan to sharply boost medical school admissions.

Since February, more than 12,000 trainee doctors have been on strike in a deepening standoff with government officials, who want to grow the country’s number of doctors by up to 10,000 by 2035. Many reject the plan, set to begin next year, saying schools won’t be able to handle the increased flow and that the quality of the country’s medical services would suffer.

About 4% of the country’s 36,000 private medical facilities, categorized as clinics, have told authorities they would participate in a one-day strike on Tuesday, according to South Korea’s Health and Welfare Ministry.

This came a day after hundreds of medical school professors at four major hospitals affiliated with Seoul National University entered an indefinite walkout, raising concerns about disruptions in medical services.

There’s also a possibility that the strike could expand.

At a rally with thousands of doctors in Seoul on Tuesday, Lim Hyun-taek, the hard-line leader of the Korean Medical Association, said he would push for its members to enter an indefinite strike on June 27 if the government rejects its demands to completely scrap plans to increase medical school admissions. KMA is the country’s largest doctors’ lobby with more than 100,000 members.

South Korean Deputy Health Minister Jun Byung-wang said the one-day strike by clinics and the walkout by SNU-affiliated medical professors haven’t immediately caused significant problems in medical services.

He accused the protracted strike of threatening to destroy a “trusting relationship between doctors and patients our society has built for long.”

“We cannot allow unlimited freedom to the medical profession,” Jun said Tuesday. “Since they benefit from a medical licensing system that limits the supply (of doctors) and ensures their monopoly of the profession, doctors must uphold their end of professional and ethical responsibilities and legal obligations under the medical law.”

Under South Korean law, doctors defying return-to-work orders can face suspensions of their licenses or other punishment .

Jun said they planned to request hospitals to pursue damage suits against the striking medical professors if their walkouts prolong and disrupt medical services. He said hospitals that fail to sufficiently respond to the walkouts may face disadvantages in health insurance compensation and that the government plans to push legal action against any hospital that cancels reserved treatments with patients without notifying them in advance.

In a cabinet meeting on Tuesday, President Yoon Suk Yeol called the monthslong strike “regrettable” and warned that his government will sternly respond to “illegal activities that abandon patients.”

The striking doctors suffered a significant legal setback in May when the Seoul High Court rejected their request to block the government plan , which would raise the yearly medical school enrollment quota by 2,000 from the current cap of 3,058.

South Korea’s doctor-to-population ratio is one of the lowest in the developed world.

Government officials say the country needs significantly more doctors to cope with the fast-aging population and have downplayed doctors’ concerns about a possible decline in future incomes.

The striking doctors are a fraction of all doctors in South Korea, estimated to number between 115,000 and 140,000. Still, the walkouts have resulted in cancellations of numerous surgeries and other treatments at some large hospitals, which are more dependent on junior doctors and trainees.

Government officials earlier threatened to suspend the licenses of the striking doctors but later halted those administrative steps to facilitate dialogue.

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State budget talks drag on amid controversy over Michigan school funding

LANSING — Strong opposition to a new and unusual proposal to fund Michigan schools in 2025 dragged budget negotiations through all of Wednesday afternoon and could push votes into late Wednesday night or Thursday morning.

In another development, the school aid budget lawmakers are expected to vote on Wednesday or Thursday doesn't quite achieve Gov. Gretchen Whitmer's call for universal publicly funded pre-kindergarten — but it comes close.

On Wednesday's major controversy, school officials briefed on a budget plan agreed to by Whitmer and Democratic leaders in the Senate and House said it would provide no per-pupil funding increase to school districts for the first time in more than a decade.

Instead, school districts would enjoy a windfall — and arguably have more money to spend in 2025 — as a result of a one-time reduction of more than $500 million in the amount they are required to pay into the school employee retirement system. But some school officials said the plan would ultimately cost them money and result in layoffs.

The final budget plan, expected to total close to $81 billion for all of state government and schools, had not been made public as of late Wednesday afternoon. Lawmakers were working to finalize it by Thursday before breaking for the summer. Though the state's 2025 fiscal year does not begin until Oct. 1, finishing the school aid budget is particularly pressing, because most Michigan school districts operate on a fiscal year that begins July 1.

The proposed budget is to be finalized by a conference committee of House and Senate members from both parties after the House and Senate earlier each passed their own versions of the spending plan , with significant differences between them. Once the conference report is approved, the bills must be voted up or down in each chamber, with no further amendments permitted. Democrats hold the narrowest of majorities in both the House and Senate, so any budget plan must receive either unanimous Democratic support or win some Republican support. Also, in order to receive immediate effect, the budget bills will require a few GOP votes in the state Senate.

Holding the basic school funding grant flat at $9,608 per pupil would be contrary to Whitmer's recommendation in the budget she proposed in February , and to versions of the school aid budget passed by the House and Senate. All had proposed increases in the range of 2% to 3%, at a cost of about $300 million.

But Whitmer and legislative leaders revised the funding plans as they simultaneously worked on significant economic development funding amid potential tightness in the School Aid Fund. The idea of reducing payments to the Michigan Public School Employees' Retirement System is not new. Whitmer said in her February budget that significant progress in reducing the pension plan's unfunded liabilities would allow the state to reduce its annual contribution to the fund by about $670 million. What's new in the most recent plan is that the school districts, rather than the state, would reduce their contributions to the plan, leaving them with more money to spend. Also, teachers hired before 2013 who are part of the MPSERS plan would not have to contribute 3% of their pay to the plan in 2025, as they normally do, effectively giving them a pay hike.

Robert McCann, executive director of the K-12 Alliance of Michigan, said he hasn't seen all the details of the school funding plan but understands it includes at least one other significant cut that will hurt schools and lead to layoffs. Funding for certain mental health services, which had been proposed at $300 million, would be cut to $25 million, he said.

More importantly, with school districts facing significant inflationary cost increases, a flat per-pupil grant will hurt them not just in 2025, but every year going forward, since any future increases will be built on a smaller base, he said.

The Michigan Association of Superintendents and Administrators sent out a "call to action" Wednesday, urging its members to lobby against the plan. The association said in its notice to members that charter schools, which don't participate in MPSERS, would receive a $50 million boost in their per-pupil grants under the plan, marking the first time pupils at charter schools would receive higher funding, on a per-pupil basis, than traditional public schools.

"The proposed budget for the upcoming fiscal year provides no long-term funding relief and will lead to layoffs this fall and in the future, as the funding for our schools will not be enough to keep up with inflation, rising health care costs, and the ending of federal relief dollars," the notice to members said.

But Whitmer spokesperson Bobby Leddy hit back at the critics, suggesting the administration might be prepared to dig in its heels in defense of the plan.

"It is shocking that a group of lobbyists who falsely claim to stand on the side of students and educators are now calling to defund K-12 schools in Michigan only a few days before the July 1 deadline," Leddy said.

"The fact is this budget makes the largest investment in schools in our state's history (for the sixth year in a row)," he said. "It will deliver funding for districts that outpaces inflation and gives schools the flexibility to use the funding to meet the needs of individual students in their area through investments in school safety, mental health, before- and after-school programs, and more."

In another area related to schools, the budget is expected to mark significant progress toward Whitmer's goal of free pre-kindergarten for all Michigan 4-year-olds.

In her State of the State of the State address in January, Whitmer called on the Legislature to remove all income requirements for sending 4-year-olds to publicly funded classrooms. Her proposal accelerated by two years her previously announced plans for the Great Start Readiness Program.

The latest budget plan expands eligibility to 400% of the federal poverty level, up from 250% currently. But it adds a new wrinkle, said Lauren Leeds, a spokeswoman for the State Budget Office. Any 4-year-old, regardless of family income, would be eligible to attend public pre-kindergarten, she said. But if there is a shortage of available pre-kindergarten classroom spaces, priority will be given to the lower-income families, she said.

The budget would allocate $54 million to provide pre-K spaces for an additional 5,300 children, said Leeds. It also includes $31 million to increase per-child allocations to $10,185; $25 million to open new classrooms in underserved areas; $18 million to improve student transportation; and $2 million for marketing and outreach to ensure parents are aware of pre-K options in their area, Leeds said.

Pre-kindergarten enrollment topped 38,000 in 2023 and was expected to top 50,000 in 2024, the state has said.

Contact Paul Egan: 517-372-8660 or [email protected]. Follow him on X, @paulegan4.

School Business Plan Template

Written by Dave Lavinsky

School Business Plan

You’ve come to the right place to create your school business plan.

We have helped over 5,000 entrepreneurs and business owners create business plans and many have used them to start or grow their schools.

Sample Private School Business Plan

Below is a school business plan template to help you create each section of your own education business plan.

Executive Summary

Business overview.

Southside Academy, located in St. Paul, Minnesota, is a private school that has been providing quality education to the community’s school children since 2017. Southside Academy teaches elementary, middle school, and high school students in a wide range of subjects including mathematics, science, and history. We aim to provide a welcoming and inviting environment where every student can reach their highest potential.

We promote academic, artistic, and athletic excellence in a close-knit learning environment, with a challenging curriculum that cultivates intellectual curiosity. Furthermore, we offer a low teacher-to-child ratio, where teachers can build close connections with their students as they help them excel. We develop confident, continual learners by establishing behavioral supports and the social culture needed for students to achieve social, emotional, and academic success.

Service Offering

Southside Academy offers a premium private education at an affordable tuition fee. We provide a challenging education where students can explore their true potential and a safe space where they can freely discover and express themselves. Our students range from 1st grade to 12th grade and we teach a wide variety of subjects including:

• Basic Mathematics
• Physical Education

Customer Focus

Southside Academy primarily serves families within a 5-mile radius of the school’s location. The area is home to thousands of middle and upper-class families looking for high-quality education for their children. Before the school was built, the area was underserved and many children had to travel far to attend quality private schools.

Management Team

Southside Academy’s founder is Mike Brown who has been working as a teacher for more than 20 years. Mike has taught at several public schools in the region but saw a great demand for private education. He noticed that the current location of the school was underserved and set out to create a school to serve this population. Mike Brown has successfully led Southside Academy as its principal since the school’s inception and will continue to do so for the foreseeable future.

Mike Brown is supported by a team that has experience teaching students, managing finances, and running businesses. Specifically, our team has solid experience in being effective teachers, connecting to different types of students, and achieving key goals.

Success Factors

Southside Academy is able to achieve success by offering the following competitive advantages:

• Location: Southside Academy’s location is near the center of town, giving members of our community easy access for parents and their children.
• Passionate and Skillful Teachers: Southside Academy hires teachers with strong academic backgrounds who are skillful in handling all types of children.
• Low teacher-to-student ratio: We provide a low teacher-to-student ratio so that every student gets personal attention from teachers to reach their highest potential.
• Affordable, quality education: Most of the schools in the area offer their services at a very expensive price. Our fees will be moderately low so that good education is accessible to all families.

Financial Highlights

Southside Academy is currently seeking additional donations of $600,000 in order to fulfill our mission. The breakdown of the funding may be seen below:

• Salaries: $200,000
• School Materials (books, toys, desks, chairs, etc): $180,000
• Administrative Expenses: $120,000 to pay for lease costs, ongoing operational expenses, and marketing.
• Working capital: $100,000

The following graph below outlines the pro forma financial projections for Southside Academy.

Company Overview

Who is southside academy, southside academy’s history.

Southside Academy started as an idea from a group of school teachers, including Mike Brown. The teachers were university pals who are passionate about teaching and children. They have seen the gaps in education in St. Paul, Minnesota, and wanted to create a school that elevates the academic environment for the children of this area.

Their plans to build a school started in 2015, but it was only until April 2016 that they finally completed all the paperwork and met the legal requirements. Since then, Southside Academy has achieved the following milestones:

• Found a location and built the school
• Developed the school’s name, logo, and website
• Determined curriculum
• Hired teachers and other key employees

Southside Academy’s Services

Industry analysis.

Education is an essential foundation for a thriving society. It’s more important than ever before that every child has access to affordable, high-quality education. While public schools are an essential option for many low-income families, the education provided by private schools often results in higher test scores and more students moving on to top-tier universities.

The private school industry has experienced steady growth in the past five years. The key industry drivers are economic growth, the rise in numbers of K-12 students, an increase in the number of families with both parents working, and government initiatives to support education.

According to Polaris Market Research, this growth is expected to continue with a forecasted compound annual growth rate of 6.6% from now until 2030. This shows that Southside Academy has great potential to keep growing and expanding. We will have ample opportunities to grow our curriculum and offer services to students that help them reach their highest potential.

Customer Analysis

Demographic profile of target market.

Southside Academy serves the families and children of St. Paul, Minnesota. The area is mostly populated by young couples and new families that have disposable income and can pay a premium for their children’s education.

The precise demographics of the town in which our location resides are as follows:

Customer Segmentation

We primarily target the following three customer segments:

• Young children
• Young couples

Competitive Analysis

Direct and indirect competitors.

Southside Academy faces competition from other schools with similar profiles. A description of each competitor company is below.  

Waters Independent School

Founded in 1968, Waters Independent School is a non-profit and tax-exempt independent school system. The school is governed by an independent Board of Trustees and offers preschool through eighth-grade programs. WIS is accredited by the state’s Council of Independent Schools (FCIS).

Waters Independent School has small class sizes with low student-to-teacher ratios. Further, WIS’ Programs include a strong academic foundation coupled with programs in the arts, physical education, media/technology, foreign language, and extracurricular areas.  

Hill Preparatory School

Founded in 1923, Hill Preparatory School is a private, non-sectarian, coeducational, college preparatory day school. It offers PK-12 programs in a safe, student-centered environment. HPS supports its students through the challenges of the school year with one-on-one attention from dedicated faculty, robust services like The Learning Center and the College Center, and the most advanced educational technology. The campus spans 28 acres and has a new 60,000+ square foot facility.  

Future Leaders Preparatory School

Founded in 1968, Future Leaders Prep is a private school for PreK3-8th grade. FLPS offers preschool, elementary school, and middle school programs and offers the International Baccalaureate program of study for all students. Teachers are endorsed in gifted education through a master’s level grant with [local University]’s College of Education Gifted Program. In addition to the school, Future Leaders offers community programs such as music, dance, art, and theater lessons through the Community School of the Arts, youth sports in the Community School for Sports, and the 7-week summer camp.

Competitive Advantage

There are many schools in St. Paul, Minnesota but none of them provides the same quality of education that Southside Academy provides, specifically the following:

Marketing Plan

Brand & value proposition.

The Southside Academy brand will focus on the school’s unique value proposition:

• Providing premium education at an affordable price
• Providing a supportive and challenging place for children to learn
• Giving parents the assurance that their children will reach their full potential

Promotions Strategy

The promotions strategy for Southside Academy is as follows:

Social Media

Southside Academy will invest heavily in a social media advertising campaign. The school will utilize social media accounts and invest in ads on all social media platforms. It will use targeted marketing to appeal to the target demographics.

Publications

The school will place print advertisements in key local publications, including newspapers, area magazines, and business newsletters. Additionally, Southside Academy will print brochures and place them in specific locations frequented by target individuals.

Website/SEO

Southside Academy will invest heavily in developing a professional website that displays all of the features and benefits of Southside Academy. It will also invest heavily in SEO so that the school’s website will appear at the top of search engine results.

Direct Mail

Southside Academy will blanket neighborhoods with direct mail pieces. These pieces will provide general information on Southside Academy and incentives to enroll.

Southside Academy prices its tuition at a moderate price so our students and their families feel they are getting great value when choosing our school.

Operations Plan

The following will be the operations plan for Southside Academy.

Operation Functions:

• Mike Brown is the school Principal. He manages the teachers, directs the direction of education, and serves as the head of the school.
• Mike is joined by Amanda Johnson who acts as the Administrative Assistant for the school. She helps Mike with the operations of the school as well as the marketing and administrative functions.
• Mike has hired an extensive team of highly qualified educators. Together, they teach dozens of subjects, including biology, chemistry, social studies, and mathematics. Every teacher that works for Southside Academy is passionate about education and pushing their students to reach their highest potential.

Milestones:

Southside Academy expects to achieve the following milestones in the following six months:

• 3/202X Kickoff of promotional campaign to attract new students
• 4/202X Start donation campaign
• 5/202X Hire new teachers for the upcoming year
• 6/202X Achieve donation/funding goal
• 7/202X Finalize list of incoming students for next year
• 8/202X Start next school year

Financial Plan

Key revenue & costs.

Southside Academy’s revenues come from student tuition fees and donations from both individuals and corporations.

The major costs for the company will be staffing, marketing expenses, location maintenance, equipment, and materials.

Funding Requirements and Use of Funds

Southside Academy is currently seeking additional fundraising and capital of $600,000 in order to fulfill our mission. The breakdown of the funding may be seen below:

Key Assumptions

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and to pay off the startup business loan.

• Year 1: 200
• Year 2: 300
• Year 3: 400
• Year 4: 500
• Year 5: 600
• Tuition rate per year: $10,000

Financial Statements

Income statement.

Balance Sheet

Cash Flow Statement

School Business Plan FAQs

What is a school business plan.

A school business plan is a plan to start and/or grow your school business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your School business plan using our School Business Plan Template here .

What are the Main Types of School Businesses?

There are a number of different kinds of school businesses, some examples include: private K-12 school, charter school, virtual schools, independent schools, primary school, secondary education, or preschool.

How Do You Get Funding for Your School Business Plan?

School businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a School Business?

Starting a school business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A School Business Plan - The first step in starting a business is to create a detailed school business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your school business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your school business is in compliance with local laws.

3, Register Your School Business - Once you have chosen a legal structure, the next step is to register your school business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your school business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary School Equipment & Supplies - In order to start your school business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your school business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful school business:

• How to Start a School

Other Helpful Business Plan Templates

Nonprofit Business Plan Template

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Student Loan Payments Paused for 3 Million in SAVE Program

The Education Department said it would put the borrowers in forbearance while it recalculated their payments to comply with recent court rulings.

By Tara Siegel Bernard

Roughly three million borrowers with federal student loans will see their monthly payments paused in the coming days, as the Biden administration tries to recalculate their bills to comply with a federal court order in Kansas.

The recalculations are necessary because key parts of President Biden’s new student loan repayment program, SAVE, were temporarily blocked by two federal judges on Monday , just a week before many borrowers’ payments were scheduled to be reduced by as much as half.

The judges, in Kansas and Missouri, issued separate preliminary injunctions this week, leaving the SAVE plan’s eight million enrollees in limbo until lawsuits, filed in the spring by two groups of Republican-led states seeking to topple the program, are resolved. The Justice Department recently filed a request on behalf of the Education Department to stop the Kansas injunction.

“If the injunction takes effect,” the filing said, “it will inflict irreparable harm on the federal government in the form of unrecoverable disruption costs and create extraordinary confusion and chaos for borrowers.”

The injunctions affect enrollees in SAVE, which bases their payment amount on their income and household size, in two ways. The Kansas order suspended parts of the program that were not already in place, including a big drop in monthly payments for people with undergraduate debt — to 5 percent of their discretionary income from 10 percent — which was to take effect this Monday. The judge in Missouri blocked any new debt cancellation achieved through the SAVE program, though legal experts say it wasn’t entirely clear how widely that provision should be interpreted.

Now, about three million borrowers who have monthly payments in SAVE will be placed in forbearance, putting their bills on hold.

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Gov. Newsom is moving his family back to Marin County

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Gov. Gavin Newsom and wife Jennifer Siebel Newsom plan to move their family back to Marin County, a spokesperson said Monday.

Both Newsom and the first partner grew up in Marin County, an enclave just across the Golden Gate Bridge from San Francisco, and it’s where they were raising their four children prior to his becoming governor in 2018. They plan to enroll the children in Marin County schools in the fall.

For the record:

7:36 a.m. June 25, 2024 An earlier version of this article attributed information to a spokeswoman for the governor’s office. Izzy Gardon is a spokesperson for Gov. Gavin Newsom.

“To ensure continuity in their children’s education, the family will split their time between Sacramento and Marin heading into the coming academic year,” spokesperson Izzy Gardon said, confirming news first reported by Politico, which added that the children would stay with extended family.

Shortly after the two-term governor was first elected, the couple sold their Marin County home and purchased a six-bedroom, 12,000-square-foot house for $3.7 million in the Fair Oaks community, 15 miles from the state Capitol in Sacramento.

Gavin Newsom is writing a book. Is he hoping to take a page from Obama?

Ambitious politicians often publish an autobiographical book as they explore whether to launch a presidential campaign. Will California’s governor be next?

May 9, 2024

Newsom, whose current term ends in January 2027, is the third governor in a row to live in multiple locations while serving.

In his first public appearance as governor-elect in 2010, Jerry Brown made a point of telling reporters he was keeping his house in Oakland as his permanent address. Five years later, Brown moved into the newly renovated governor’s mansion, after living in a downtown Sacramento loft.

Arnold Schwarzenegger liked spending his nights at his Brentwood mansion so much that he famously commuted three hours between L.A. and Sacramento by private jet.

More to Read

Why Californians are fleeing this once-Golden State

April 8, 2024

Column: Newsom gets no California love for his political ambitions. Maybe he should try elsewhere

Nov. 10, 2023

News Analysis: With actions on drug laws, mental health and labor, Newsom moves toward center in second term

Oct. 15, 2023

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Tyrone Beason is a reporter for the Los Angeles Times who writes about America through the lenses of race and culture. He previously covered the 2020 presidential election. Before joining the paper in 2019, the Kentucky native spent nearly 25 years at the Seattle Times covering the Pacific Northwest. Follow him on Instagram @tyrone_california and Twitter @tyrone_beason.

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Moscow School District #281

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Moscow School Board OKs all-day kindergarten

The Moscow School Board voted to move forward with a plan to extend its current half-day kindergarten program to full time.

The change is expected to cost the district an average of $245,000 annually in additional teacher salaries, as it will create the need for four full-time equivalent certified positions.

The option will become available during the 2016-17 academic year.

Superintendent Greg Bailey said he has been working to bring about a full-time kindergarten program since his arrival in the district.

“When I came here I had experienced all-day kindergarten in my last district and saw the growth of students and how well they did,” he said.

The sticking point, he said, was finding enough room for the additional classes that would accompany the program. Bailey said he met about three months ago with elementary administrators and teachers who said they could accommodate the additional classes in their buildings.

“It was like hitting a button, let’s go,” Bailey said.

Parents can currently opt-in to have their kindergartners remain in class for the duration of a typical school day at the cost of $11 per day, for an average of $220 per month, according to the district’s website.

“It’s been great, but it hasn’t been for every single child – it’s for the students who can afford it,” Bailey said. “All-day K allows us to impact all the students coming into our program, giving them a stronger baseline, giving them time to learn the basics so they’ll be ready for first grade.”

The new plan will provide full-day kindergarten classes free of charge to parents.

The increased costs for the district will be offset by a savings in transportation, as buses won’t be making midday trips to deliver morning kindergartners home any longer, Bailey said.

Bailey said teachers, parents and community members have all seen the need to expand kindergarten.

“We are continually working with kids and being asked to do more and more with our students as they go through our system. Kids can go to college and if they need more education they can go five, six, seven years,” he said. “We’ve got a 13-year span with kids and have to fit more and more and more in there.”

Bailey said the adoption of the full-time program will also help to keep student numbers strong in the Moscow School District.

“The state of Washington just passed legislation for kids to go to all-day kindergarten,” Bailey said. “Pullman’s our competition, economically, in bringing families into our community versus going over there. This will help us maintain our populations in this community.”

Bailey said he expects to see a ripple effect in student success, as giving the district’s youngest additional instruction will improve the knowledge they bring to higher grades.

“This will affect not only kindergarten, this will affect first grade, second grade, third grade on up,” Bailey said. “What I’ve seen with test scores when you’ve gone from half-time to full-time kindergarten, you see a big gain.”

Start-up funding for the program will come from existing money used for the optional full-day kindergarten program, which currently amounts to approximately $100,000.

“We don’t want to lose the progress they’ve gained in that first year,” Bailey said.

In addition to the kindergarten expansion, Bailey said he is working with teachers and administrators to create a screening process for incoming kindergarten students. While the process would not exclude students, it would provide the district with information on which students may need extra help during their first year. That knowledge can assist with placement in individual kindergarten classes.

Untapped home equity offers financial flexibility

The cost of borrowing has risen sharply in recent years, so when it comes to tackling a big expense, it’s important to know about the options.

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Building Business Resilience in an Age of Radical Uncertainty

• &title=Building Business Resilience in an Age of Radical Uncertainty&source=https%3A%2F%2Fkenaninstitute.unc.edu%2Fcommentary%2Fbuilding-business-resilience-in-an-age-of-radical-uncertainty%2F">

We are living in an era of radical uncertainty. Escalating trade wars, multinational militarism and rapid environmental change are only some of the markers signaling heightened global risk and uncertainty. At its extremes, mounting geopolitical turmoil could jeopardize the institutional order established after World War II – an order that has nurtured the greatest expansion of wealth, economic development and democratization in human history and yielded an era of relative peace and progress.

The Global Outlook: Stormy and Turbulent 1

Aside from direct military conflict or environmental cataclysm, the greatest threat to continued peace and prosperity is a loss of faith in the institutions that promote free trade and constrain global powers. Globalized trade has had many benefits, including lowering the costs of tradeable goods and services and spurring innovation and industrywide improvements. The increase in trade among nations has also brought industry, education, modern medicine and opportunity to poor, agrarian parts of the globe, boosting economic development and raising standards of living for billions of people.

Yet these rewards have not been distributed evenly. In too many places, the lion’s share of the spoils has gone to globalization’s “winners” while its “losers” have largely been left behind. Erecting trade barriers and torpedoing international partnerships, however, will only worsen inequities and risks sending civilization lurching toward a poorer, more violent and uncertain future. Buoyed by a rising populist tide, political movements aiming to wash away the international order only intensify the risk and uncertainty that we observe today.

From a business perspective, what should a firm do to build resilience to such radical uncertainty? What can a firm do?

Business Leaders Need to Consider Low-Probability, High-Impact Events

Companies require a degree of stability and assurance, not only to turn a profit but to function. As instability and uncertainty grow, the heads of private enterprises must plan for a more complicated set of possible contingencies. Yet radical uncertainty makes it exceedingly difficult to project future scenarios and assign probabilities to potential outcomes. This reality means that business leaders must give more thought to low-probability, high-impact events – not only because these tail risks are now more likely to occur but also, due to the complexity of global enterprise, because there are more of these potential pitfalls than ever before.

What is the likelihood of another global pandemic in the next few years? Greater than zero, that is for sure. In an election year, might there be radical regulatory shifts on the horizon? There certainly might be. As new tariffs take effect and protectionism is on the rise, what parts of a supply chain can be brought closer to home? How will global climate change impact resource constraints and migration patterns? It is among a business leader’s core responsibilities to pose and try to answer these sorts of vexing questions. Giving thought to potentialities is an important step in mitigating risk and uncertainty, and business heads unwilling to have conversations about challenging scenarios are courting their firm’s existential peril. Uncertainty, however, connotes the unknown – even the unknowable. So, how does a company prepare for something unspecified and undetermined?

Flexibility Is Key to Building Resiliency

Flexibility is key – not a panacea but a partial immunization against the unknown dangers that lie around the bend. To foster organizational resilience in an era of heightened uncertainty, firms must embed greater degrees of flexibility in their planning, structures and operations, and this flexibility is not free of cost. Firms pay a premium to build in degrees of freedom that allow them to adjust as real-world events unfold, and this price is an increasing part of the cost of doing business in the world today. These trade-offs demonstrate resiliency’s recurring costs, which, in a risk-filled world, reflect a choice between lower efficiency and total loss. Extra flexibility likely means some efficiency loss and a departure from “just in time,” or JIT, operations, which have become commonplace in many industries. In 2022, multiple surveys of business heads found that, in response to supply chain problems caused by the COVID-19 pandemic and Russia’s invasion of Ukraine, about a third had moved away from JIT protocols and toward “just in case” practices, meaning holding more inventory on hand. The pandemic also changed norms and expectations in many industries around employees coming to work in the office, giving rise to a new work-from-home paradigm, which has proved to have staying power. There is evidence that firms that had the flexibility to allow employees to work from home retained more talent during the “great resignation,” when tens of millions of Americans changed jobs after the pandemic’s onset.

Doing Nothing Is Risky, Yet Risk-Reduction Must Be Balanced Against the Pursuit of Growth Opportunities

Not every company can afford to invest in resiliency measures commensurate with heightened levels of risk and uncertainty. It may not be possible for a multinational company with global operations to “near-shore” its supply chain or to safeguard itself from shifting political winds in every country where it does business. There is no way for a firm to bring risk down to zero or to become so flexible that it cannot break. An optimal goal is instead to create accurate risk profiles that reflect an entity’s actual operations, relationships and interactions and to plan accordingly. Perhaps you are head of global logistics for a shipping company that is seeking to reduce its environmental impact facing a near-term likelihood of tightening regulations. Or maybe you see opportunity in AI integration in many places in the firm’s operations, not only to increase operational efficiency, but to anticipate coming industrywide disruptions imposed by new technologies.

This level of thinking may not be sufficient in an age of radical uncertainty, as unknown risks demand an extra layer of assessment and planning in which business leaders consider hypotheticals without historical precedents. When faced with this type of uncertainty, a natural response is to do nothing. Yet inaction is, paradoxically, a sort of action, and, in the current environment, inaction is the risk-maximizing choice, while investing time and resources into risk assessment, planning and flexibility is a hazard-mitigating decision.

Of course, firms must answer to their stakeholders, and the costs of resilience measures – of planning for risks, known and unknown – are constantly in tension with financial performance. In public markets, the rise of short-term thinking and quarterly reporting’s tedious demands have tipped the scales toward maximizing near-term financial gains at the expense of long-term investment. It is entirely understandable why business heads would prefer to operate in this manner, as it would be a difficult discussion for a company executive to have with the company’s board if a sizable investment were paid toward mitigating a risk that never materialized. And yet, this sort of resilience-building investment is necessary to minimize existential peril. Oftentimes the best-case scenario is business as usual.

Radical Uncertainty Demands Action From Businesses, Political Leaders and Global Institutions

At the firm level, radical uncertainty demands fundamental and intentional changes in how business leaders think, plan and invest. The orderly world that we in the West have grown accustomed to is getting messier, and company heads cannot afford to be dismissive of the changes they observe or the hypothetical hazards that remain unseen. These leaders must ask, institutionally, what do we know and what do we not know? How much flexibility does our firm need to withstand the next global shock? How can we self-insure and reduce our reliance on increasingly capricious partners? The answers to these questions should then guide business planning and investment to build resilience to extreme risk and uncertainty.

A Framework for Business Risk Assessment in Times of Radical Uncertainty 2

From a global perspective, leaders of the political and institutional order need to champion globalized trade as well as the unrestricted movement of people, money and ideas – the policies and paradigms that constitute the engine of economic growth. Central to this advocacy, political, civic and business leaders must acknowledge those left behind in globalization’s wake while renewing efforts to open doors and widen avenues for poor and underserved communities to access the spoils of a globally connected world. Through these efforts, governments and businesses can restore public faith in the institutions and ideas that have built a global middle class and are foundational to modernity.

In 2022, the Kenan Institute’s Stakeholder Capitalism Grand Challenge found that companies were forced to focus on stakeholder concerns because of the failure of policymakers to address these issues – a demonstration that global risk is not something that businesses can tackle alone. As much as smart governance, ethical actors and organizational strength are needed to diminish risk and uncertainty, a broad-based belief in global institutions and their ability to equitably improve human welfare is essential for constraining power and promoting peace and prosperity.

1 Figure illustrates survey responses to the query: “Which of the following best characterizes your outlook for the world over the following time periods?”

2 Note: This framework’s numbered steps are meant to be an iterative sequence, with the suggested actions undertaken in overlapping and repeated progression.

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Christian Lundblad

Senior Associate Dean for Faculty and Research & Richard "Dick" Levin Distinguished Professor of Finance , UNC Kenan-Flagler Business School

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Yale Objects to Jury Trials Over Retirement Plan Fees in Appeal

By Jacklyn Wille

Yale University workers challenging their retirement plan fees shouldn’t have been allowed to present their claims to a jury, the school told the Second Circuit.

Yale wants the US Court of Appeals for the Second Circuit to affirm a 2023 jury verdict absolving it from liability for purported missteps in its plan management process. But if the appeals court disagrees and orders a new trial in the case, it should instruct that the trial be judge-only, Yale said in a brief filed Wednesday.

Hundreds of employers have been sued over their retirement plans in recent years, and many cases have ...

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