NURSERY AND PRIMARY SCHOOL BUSINESS PLAN IN NIGERIA
Nursery & Primary School Business Plan – HOW TO START NURSERY AND PRIMARY SCHOOL IN NIGERIA
All parents and intending parents look forward to when their children will start schooling. In fact this is a dream come true for all parents. This dream can take as much as 20 percent or more of the parent’s income.
The foundation of every child’s education is the nursery and primary school. There is a saying that if this foundation is faulty, it will be difficult to correct in later education.
The increase in awareness of the importance of education and high birth rates in Nigeria has made Nursery and Primary School business very profitable. There is now the need for more nursery and primary schools.
Some years back a single government or missionary owned school will be sufficient for all the children in a community. However, in recent times it is no longer so, as there is need for more schools, more especially private owned. It is generally believed that a school owned and managed by private individuals provides higher standards of education in comparison to government owned schools. Also it is regarded as an evidence of poverty when ones child attends public schools, so most parents ensures their children attend private schools whether or not such schools are better than public schools. All these trends combine to make Nursery and Primary school business a good investment.
A lot of people of people have become millionaires through an investment in Nursery and Primary schools. In locations like Lagos, school fees for a child in Nursery and Primary schools ranges from as much as thirty thousand naira (₦30,000) to five hundred thousand naira (₦ 500,000) per term and all these just to learn the alphabets. If for example in your school, you charge ten thousand naira (₦10,000) per term and you have two hundred pupils, you will be getting as fees two million naira (₦2,000,000) and of course running the school for a term will not cost as much as a million naira (₦1,000,000).
Nursery and Primary school business is a worthwhile investment. To get started, below are the requirements to be observed:-
LAND IN A GOOD LOCATION
Prices of landed properties vary and are largely dependent on the location of the Land. When one buys landed property for a nursery and primary school business, one should avoid lands located in isolated areas. This is because parents hardly patronize schools in such areas. Lands in accessible locations are most preferred by parents for easy pick up of their children.
In acquiring lands for Nursery and Primary School business, one should go for lands in environment that minimizes energy waste and pollution.
It should be noted that renting an apartment is an option when one cannot afford to buy a land and erect a school building.
ERECTING A SCHOOL BUILDING
The next step after acquiring a land is to erect a school building. Before erecting a school building, one should conduct a survey of the requirements of the ministry of education. This is very important as failure to follow such requirements can result in the school being shut down.
The cost of erecting a school building is dependent on the size and quality of the building. It is very important to insist on a good structure, this is because your marketing starts from there.
Nursery and Primary school classrooms are usually small and jam-packed. A standard nursery and primary school should be spacious, having at least 2.3m squares. Water is important in your school, you should consider sinking a borehole.
EQUIP YOUR CLASSROOMS
A classroom should be well equipped with not just chairs and tables but also toys, computers and other learning aids. Parents will gladly pay more when classes are properly equipped. Also large screen TV should be in all classrooms, not to play movies but for playing educational videos and sometimes cartoons depending on the ages of the children in the classroom.
It is very important to take care of transporting these children from their houses to school and from school back to their houses. Most often the parents of the children are working class and will appreciate and pay more if the chore of transporting the children is performed by the school.
Buy a decent school bus that will speak well of your school. A decent tokunbo goes for about ₦600,000. If one bus is not enough buy two. It is important that the children are not jam-packed, as this is not a good sight and could ruin the image of the schools.
EMPLOY QUALIFIED TEACHERS
As a proprietor of a nursery and primary school, a formal qualification may not be required. However as a manager of a school, it is important to have a minimum of NCE and experience in educational administration.
Teachers employed in your school must hold at least an NCE, and have experience in childcare education and play work. They must also be passionate about children.
REGISTER AND KICK OFF
It is very important to register your school with the Corporate Affairs Commission. You can register your school as a sole proprietorship, a partnership or a company depending on your choice and also if there are other investors.
Once all these are put in place, the final step is to advertise the school and kick off .