Are you about writing a business plan to start an education business? If YES, here are 100+ sample education business plans & templates for FREE download.
The Educational Services Industry is composed of establishments that provide instruction and training on a wide variety of subjects. These establishments include schools, colleges, universities and training centers, and these are either privately or publicly owned.
The main purpose of education is to open up the minds of students and prepare them to face the world, and this is the primary job of these institutions. According to a statistical report, the U.S. education market was valued at around USD 1,350 billion in the year 2017 and it is expected to reach approximately USD 2,040 billion by 2026.
100+ Sample Education Business Plans & Templates
Private schools are independently owned schools that are funded without the assistance of local, state or federal governments. Elementary, middle and secondary schools can be private, as can colleges and universities. To attend any private or independent school, students must pay tuition.
Private schools make money through the money that you give them through tuition. The leftover money from paying teachers, staff, taxes and building costs goes to the school or its owners.
It is known fact that the demand for private schools is driven by the fact that most public cum government owned schools cannot accommodate every student in a given geographical location. In some cases, students with special needs cannot cope in public schools hence the need for private schools.
Tutors for all subjects and for students of all ages are in demand. Sometimes people even need tutors to help them pass important examinations or prepare for advanced education. You may eventually get so much business you have to hire other tutors to help you meet the demand.
While many private tutors are successful on a part-time basis, supplementing their regular income, private tutoring can also make a great small business. You may not need a college degree to start a tutoring business. Some clients may be willing to hire you if have significant experience and skill, or talent with the subject you are tutoring.
Operating a daycare business is a great way to earn a living if you enjoy working with children. Generally speaking, there are two main ways to run a daycare business. If you want to care for a large amount of children, your best option is to start a center-based business. Those with children of their own—or who want to work from home—may want to consider a home-based, or family, child-care center.
Daycare owners do not make extremely high salaries compared to other small business owners in the United States. Home daycare owners have a median income of $9.81 per hour, or just under $20,000 per year. The top 10 percent make $15 an hour or higher, while the bottom 10 percent earn less than $7 an hour.
Mentor or partnership programs connect people who have specific skills and knowledge (mentors) with individuals (protégés) who need or want the same skills and advantages to move up in work, skill level, or school performance. Companies benefit from mentoring programs because they contribute to the development of a better-trained and engaged workforce.
Mentors help mentees learn the ropes at a company, develop relationships across the organization, and identify skills that should be developed or improved upon. If you have what it takes to mentor people, then you should consider starting a mentoring program. This is one program that if properly harnessed, you are going to make money from it. It is one of the most preferred means of learning and of course walking up the ladder of life.
If you have a robust background in education matters, and you intend starting a business, then you should consider starting your own education agency. There are many would-be students aspiring to go to colleges/universities, who are trapped because they don’t know who to talk to when they have challenges with educational related issues.
Being an educational agent means that you will help your clients handle all their educational concerns, help them gain admission to colleges or universities of their choice, help them process admission and help them package their applications and documents amongst other services.
If you are considering starting an education related business, then one of your options is to open a bookshop; a store where books of different genre from different authors are sold. There is a large market for books, especially if you have done your homework before stocking your bookshop with books.
If you are considering starting this type of business, aside from the fact that you will be operating your bookshop from a facility (brick and mortar store) it will be to your advantage to also maintain an online book shop. It will give the online community an opportunity to patronize your bookshop.
A motivational speaking company is a company that provides training, coaching and of course motivation to corporate organizations, educational institutions/schools, youth organizations and individual clients.
A motivational speaking company is a resource company that can be a one man show or an assemblage of motivational speakers, public speakers and trainers in different fields. Just like most businesses, the motivational speaking business is open to as many people that are interested in the industry as long as they have the charisma to run the business.
Children with special needs often require more from a daycare than the average child. Not only do they need to be given the opportunity to participate in beneficial activities that have their needs taken into account, but they also might require daycare until a later age than other children. By having an inviting place that allows the child with special needs to work on their skills, you are providing a vital service to their parents.
If you are naturally drawn towards taking care of kids with special needs, then you should consider starting a special needs daycare center. However, this is a very sensitive business to start up as a single mistake could have dire consequences for your wards and their families.
If you are an educationist or someone who has background in education matters, and you intend starting your business, then you should consider starting your own educational website. Being an online educational consultant means that you will provide tutoring services via the internet; you will provide tutoring services across a variety of academic subjects and across all age groups.
Starting an educational website is not too expensive except for the money required to rent and furnish an office space and also to run the website. Running this type of business requires that you should be trained as an educationist and it is indeed a very lucrative business.
Another interesting business in the education industry that a professional can consider starting is educational consulting business. Consulting is all about providing practical and workable advice to clients who demand for it. Consequently, if you have vast experience in the education sector and you are looking towards starting a business, one of your best options is to go into educational consulting business. This type of business is less competitive and it is profitable.
It is common to find students who have a natural phobia for mathematics. This is why parents who have wards in schools are willing to go the extra mile to ensure that their wards are sound academically and even in mathematics, hence the need for extra coaching. So, if you are a mathematician and of course someone who is interested in the teaching industry and you don’t have the capacity to start a standard school, then you should look towards starting your own math tutoring business.
The demands for private math tutorial services are driven by the fact that most schools cannot meet the required teaching style that will enable students learn and understand mathematics. With private math teachers, it is easier to adopt the most suitable learning style for each student.
If you are interested in starting a business in the ICT industry, one of the options open to you especially if you are interested in imparting knowledge is to open a computer training center. Just like most businesses in the ICT industry, computer training center business is open to as many people that are interested in the industry as long as they have the required experience and qualifications.
The computer training industry is made up of centers that offer vocational and technical courses. The industry is indeed very large and pretty much active in all the countries of the world.
Although it might be less stressful to start and run, but it is important to mention that a book café business needs a significant investment capital, solid planning, and concentration to detail in order to keep your business profitable.
The demand for the services of book cafés may be on the decrease because of loads of options that are available to book lovers, but on the other hand, if you know how to position your business, get good and trendy books, great coffee and if you have fast internet that is affordable or free, you will make profits from this line of business.
30. Learning Center Business Plan – A learning center is a self-contained section of the classroom in which students engage in independent and self-directed learning activities. Learning centers provide students with exciting and interesting experiences to practice, enrich, reteach, and enhance their learning. These types of centers are filled with art materials, books, and other instructional tools.
31. CNA School Business Plan – A Certified Nursing Assistant is a member of the health care industry and their responsibility is to carry out health care jobs as assigned by the trained nurse they are working with. Such jobs could be; bathing a newborn baby, feeding, dressing, helping nurses to hold patients when the need arises, helping nurses and even doctors to organize all they would need to treat a patient et al.
32. Truck Driving School Business Plan – Driving trucks require extra expertise, especially if the truck is a heavy duty truck. So, if you intend starting your own truck driving school in any part of the world, you must be ready to work hard and smart.
The truth is that starting a truck driving school is capital intensive and it requires accreditation (permit and license) from the government of your country because upon graduation students from your school will apply to obtain a Class A Commercial Driver’s License (CDL) from your state government.
33. Nursing School Business Plan – Nursing schools falls under the Community Colleges industry and Community colleges are post-secondary educational institutions offering college transfer courses and programs (including the first two years of college instruction); vocational, technical and semiprofessional occupational programs; and general educational programs.
34. After School Program Business Plan – The After-School Program Providers industry comprises of establishments that organize youth programs that take place outside of the traditional school day. After-school programs can occur at various times of the day and in a variety of places, including the school building, community centers, libraries or parks.
35. Science Museum Business Plan – The Museum industry includes operators of art museums and galleries, historical museums, science, nature and technology museums, halls of fame, military museums and others. This industry engages in the preservation and exhibition of objects of historical, cultural and educational value and includes art galleries, art museums and other museums in general. This industry does not include commercial art galleries that sell art products and objects.