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School Business Plan
Language School Business Plan
Music School Business Plan
Swim School Business Plan
Youth Mentoring Program Business Plan
Summer Camp Business Plan
Coaching Business Plan
After-School Program Business Plan
Tutoring Business Plan
Vocational School Business Plan
Daycare Business Plan
Preschool Business Plan
Dance Studio Business Plan
Did you find what you are looking for.
Thinking of starting a school or a coaching business? Or is it about vocational school?
Well, no matter what’s your business segment in the education and training sector—you need a solid business plan to turn it into a long-term success.
This library of education and training business plan samples here can inspire and guide you as you begin to plan your business. So, don’t worry; we got you covered on that part.
Let’s learn more about these sample training and education plans, starting with their benefits.
Benefits of using an industry-specific business plan example
Believe it or not, using an industry-specific business plan example is the best and probably the quickest way of writing a business plan.
Doubt it? Hold, this may change your perception; an extended list of the benefits of using an industry-specific business plan template.
- Inspiration : Reading a business-specific template can be incredibly helpful in getting content inspiration. Furthermore, it helps you gain insights into how to present your business idea, products, vision, and mission.
- Risk-free method : You are taking a reference from a real-life, let’s say, After-school program business plan—so you know this plan has worked in the past or uses a method subscribed by experts.
- Deep market understanding : Analyzing and reading such examples can provide clarity and develop a deeper market understanding of complex industry trends and issues you may not know but relate directly to the realities of your business landscape.
- Increased credibility : A business plan developed using an example follows a standard business plan format, wisely presents your business, and provides invaluable insights into your business. There’s no question it establishes you as a credible business owner, demonstrating your deep business and market understanding.
- Realistic financial projections : Financial forecasting being a critical aspect of your plan, this real-life example can help you better understand how they project their financials—ultimately helping you set realistic projections for your business.
These were the benefits; let’s briefly discuss choosing an education or training business plan template that best suits your business niche.
Choosing an Education or Training Business Plan
This category has business plan templates for various education or tutoring businesses. With many similar business types and templates, you may not find the most suitable one through manual scrolling.
Here are the steps to consider while choosing the most suitable business plan template.
Identify your business type
Are you going to be an online coaching platform? Or a traditional school? Or a general daycare center?
Asking yourself these questions will help you identify your business type, which will help in choosing a niche-specific business plan template.
Once you identify your business type, you can choose between templates for different business segments.
Search for the template
We have an in-built search feature, so you can easily search for a business-specific template using your business name as a key term(e.g., summer camp business plan). Once you have the search results, choose the most suitable one. Simple as that.
Review the example
Look closely at the content of the sample business plan you are considering. Analyze its sections and components to identify relevant as well as unnecessary areas.
Since all the Upmetrics templates are tailored to specific business needs, there won’t be many fundamental customizations. However, a hybrid business model targeting multiple customer segments may require adjustments.
No big deal—you can view and copy sections from other business plan examples or write using AI while customizing a template.
That’s how you find and select the most suitable business plan for educational services. Still haven’t found the perfect business plan example? Here’s the next step for you.
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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 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
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.
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.
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.
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.
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.
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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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.
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
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.
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.
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.
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 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 .
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Click here to learn about Growthink’s business plan writing services .
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How to start an education consulting business
Are you a seasoned educator with a passion for helping others succeed? Do you have an entrepreneurial spirit? If so, an educational consulting business may be the perfect career path for you. As an educational consultant, you can provide invaluable guidance, support, and expertise. You can offer your services to clients who want to achieve their educational and career goals.
There are over 7,500 education consultants in the country. Students, parents, and educators alike increasingly demand for expert guidance and support. By starting your own consultancy business, you can tap into this growing market.
Read on to explore the essential steps to starting an education consulting business. This guide will help you lay a strong foundation for your consulting business. Let’s get started!
What is an educational consulting business?
Starting an educational consulting business is a great opportunity for individuals with expertise in the education sector. An educational consultant provides guidance and support to students, parents, and educational institutions. This is to enhance their learning process and achieve their academic goals.
Educational consultants help students and parents with college admissions, financial aid, and career choices. They also assist educational institutions with curriculum development, faculty development, and student recruitment.
Benefits of starting an educational consulting business
Starting an educational consulting business can be a highly rewarding and lucrative venture. It provides the opportunity to work in the education sector. You can help and impact the lives of students and educators. You can also work with educational institutions to improve their services. Additionally, an educational consulting business has the potential to generate significant revenue.
The education consultancy industry
The education consultancy industry is a growing sector as many parents and educators seek support and guidance in navigating the education system. With an increasing demand for quality education, educational consulting businesses are becoming increasingly relevant. They help students and parents make informed decisions about their educational journey. The industry includes a range of services, from college admissions counseling to curriculum development and teacher training. This provides businesses a wide range of opportunities to specialize and stand out.
Conducting market research
Before you start your education consultancy business, it is essential to conduct thorough market research. This will help you understand your target audience, competition, and industry trends.
Identifying your target audience
One crucial aspect of market research is identifying your target audience. You must understand your potential clients’ specific demographics, interests, and needs. This will help you develop services that cater to their unique requirements and create effective marketing strategies.
Analyzing competition in the education consultancy industry
Competitor analysis is another significant element of market research. By analyzing the services, pricing, and marketing strategies of your competitors, you can gain a competitive edge. This can help you identify opportunities to differentiate your services and stand out in the market.
Understanding market trends and demands
You must understand the current and future trends in the education consultancy industry. This includes understanding your target audience’s needs. You must understand the increasing demand for specific services. Additionally, you must explore advancements in technology that can impact your business. So stay up-to-date on trends. This way, you can adapt your services. This also lets you stay ahead of the competition.
Conducting comprehensive market research can help you understand your audience, competition, and industry trends. Consequently, this can help you develop effective strategies for growth and success.
Developing a business plan
A business plan is the essence of any business, including an educational consulting business. It is a roadmap for achieving your goals and objectives. A well-written business plan helps you define your business and identify your competition. It helps you determine your target audience and develop effective marketing strategies.
Setting specific goals and objectives
Before creating a business plan, you need to set specific goals and objectives for your educational consultancy. These goals should be measurable and achievable. They should be relevant to your business. Say you’ve identified your goals and objectives. Then you can then create a plan that focuses on achieving those goals.
Creating a marketing strategy
A well-crafted marketing strategy can help you reach your target audience. Your marketing strategy should identify your target audience. This is where you outline your marketing channels (print ads, social media platforms, email marketing, etc.). This is also where you determine your budget for marketing activities.
Determining financial projections
Determining financial projections is vital for any business. You need to calculate your start-up costs and ongoing expenses. These include rent, utilities, equipment, and employees' salaries. You also need to determine your pricing strategy. You can base this on your competition and the value of your services. Additionally, you should prepare financial projections for the next two to five years. This will guide you in your financial decisions and ensure your business stays profitable.
Legal and financial considerations
Starting a consultancy business involves important legal and financial considerations. By addressing these aspects, you can ensure the smooth operation of your business and minimize the risks involved.
Choosing a business structure
You must choose a business structure. This includes sole proprietorship, LLC, partnership, or corporation. For an educational consultancy business, an LLC structure is commonly preferred as it offers limited liability protection and flexibility in management.
Meeting legal requirements
Starting a consultancy business also involves meeting legal requirements. This includes obtaining any required licenses or permits from your state and local government. You may also need to file for a tax ID number and register for taxes. Additionally, you must ensure compliance with relevant laws and regulations. For instance, data privacy laws.
Managing expenses and income
Managing expenses and income is an essential part of running a consultancy business. You can anticipate expenses through your business plan. You should keep track of your expenses and income through an accounting system. This can help you make informed decisions. Plus, this can ensure that your business stays profitable.
Protecting your business
You can protect your business in several ways. For example, you can purchase general liability insurance and professional liability insurance. These can cover legal expenses and damages resulting from liability claims and lawsuits. By investing in proper insurance coverage, you can minimize financial risks and safeguard your business.
Branding and marketing your business
Branding and marketing are essential elements of any successful consulting business. Below are some strategies that can help you establish a strong brand image and attract potential clients.
Creating a strong brand image
Your brand identity communicates your values, expertise, and personality to your target audience. To create a strong brand image for your education consulting business, you need to consider the following aspects.
- Logo and color scheme: A well-designed logo and color scheme can make your brand memorable and recognizable. Choose colors and fonts that represent your brand's personality and appeal to your audience.
- Messaging and tone: Your brand messaging should clearly communicate your value proposition and unique selling points. The tone of your messaging should be tailored to your audience and aligned with your brand values.
Developing a website and social media presence
A website and social media presence are essential tools for promoting your education consulting business and reaching potential clients.
- Website: Your website should be easy to navigate. It should be visually appealing and optimized for search engines. Your website should feature clear calls to action and compelling content that highlights your services and expertise.
- Social media: Choose social media channels that are popular among your target audience. Create a content strategy that includes a mix of educational content, industry news, and promotional messages. Engage with your followers and respond to their comments and feedback.
Establishing partnerships with educational institutions
Partnering with educational institutions can help you expand your network and reach more potential clients. Here are some ways to establish partnerships:
- Networking: Attend industry events, conferences, and meetups to meet potential partners and clients. Build relationships with school administrators, educators, and other professionals in the education industry.
- Offering value-added services: Consider offering value-added services, such as professional development workshops or teacher training programs, to school districts and institutions. This can help you establish yourself as a thought leader in the education space and build credibility with potential clients.
By implementing these strategies, you can develop a strong brand image and attract potential clients to your education consulting business. Remember to continuously monitor and refine your marketing efforts to ensure that they are aligned with your business goals and target audience.
Growing your consultancy business
Congratulations, you have successfully started your own education consultancy business! But the work doesn't stop here. To achieve long-term success, you must continuously grow and improve your services.
Continuously improving your services and offerings
The education consultancy industry is constantly evolving. So you must stay up-to-date with the latest trends and practices. Keep yourself informed by attending conferences, reading industry publications, and networking with other professionals. Additionally, continuously gather feedback from your clients and use it to improve your services.
Retaining clients and building long-term relationships
Building long-term relationships with your clients impacts your consultancy business’s success. Keep in touch with your clients through regular communication and provide them with regular updates on your services and offerings. Respond to their concerns and questions promptly, and always go the extra mile to exceed their expectations. This will help build trust and loyalty. Plus, this will build a positive reputation for your business.
Seeking opportunities for expansion and growth
As your education consultancy business grows, you may want to consider expanding into different markets or offering new services. But before you do so, conduct market research and assess the risks and benefits of the expansion. Consider hiring additional staff and investing in new technologies to support your growth.
Make your education consulting business visible with B12
Starting an education consultancy business is a challenging yet rewarding journey. It requires a solid business plan, a strong brand image, and a clear understanding of your target audience. With these, you can create a consultancy business that will thrive in the ever-changing education industry.
After starting your education consulting business, you need to make sure that you have a solid online presence. This will help you attract the right audience. More importantly, this will help you offer your services to those who are more likely to engage with your business.
B12 is the all-in-one platform that helps professional service small businesses launch an online presence with tools like payments, scheduling, email marketing, and contracts. See your new site for free in 60 seconds to start winning, attracting, and serving clients in no time.
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How to Start an Education Consulting Business
Below you will learn the key steps to starting an educational consulting firm.
10 Steps to Starting Your Own Educational Consulting Business
1. conduct market research to determine demand.
An important step to starting an educational consulting business is conducting market research. To begin, you must learn what services your clients want and how much they are willing to pay for them. There are two ways you can go about conducting this research:
- Survey your target market . This can be done by conducting online surveys, conducting phone interviews, or sending out questionnaires.
- Review the competition . Look at how other educational consultants are marketing their services and what services they offer. This will give you an idea of what services are in high demand and how you can differentiate yourself from the competition.
Once you have analyzed the survey data, determine which types of businesses are likely to hire you and how much they are willing to pay. Use this information to set your consulting prices.
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2. Name Your Education Consulting Business
Once you have analyzed your market and determined what services clients want, it’s time to name your educational consultancy business. While naming a business can be difficult, there are a few rules of thumb to keep in mind:
- Keep it Short : Your business name needs to be short enough for clients to remember and say.
- Keep it Relevant : Your business name should be relevant to the education services you offer and your target market’s needs.
- Keep it Memorable : Using clever ideas and words, help your audience connect with your business.
- Focus on Your Target Market : Make sure that whoever sees or hears your company name understands who you are targeting as clients.
Read our article about choosing the right business name .
3. Choose Your Business Structure and Set-Up Your Company’s Legal Entity
As with any business, the type of legal entity you set up is critical. After all, you want your company to be treated as a separate entity, not just an extension of yourself. There are several types of structures in which you can start your own educational consulting business. Three popular options are sole proprietorship, S-corporation and LLC (limited liability company).
- Sole Proprietorship : A sole proprietorship is one in which the business and the owner are considered to be one entity. Therefore, you are personally responsible for all debts and liabilities your education consultancy business may incur. One benefit of this type of structure is that it’s easy to set up and there are no formal filings required.
- S-Corporation : An S corporation is a type of C Corporation that was designed by the IRS to help small corporations minimize their paperwork while still gaining many of the tax benefits of incorporating. It also offers protection for business owners in case of lawsuits and other liabilities.
- Limited Liability Company (LLC) : An LLC is a structure in which the company is considered a separate legal entity from its owners. This means that the company is responsible for its own debts and liabilities. This type of structure offers protection for business owners in case of lawsuits.
Read our article comparing the most common consulting business structures .
4. Write an Education Consulting Business Plan
A business plan is a document that outlines your business goals, strategies, and how you plan to achieve them. For an educational consulting company, your business plan should include the following:
- Business Description : Describe what your company does, who your target market is, and how you will differentiate yourself from the competition.
- Industry & Market Analysis : Detail your research on the industry and what services clients are most likely to want.
- Financial Plan : Outline your estimated income and expenses for the next three to five years.
Other sections of your plan will answer other key questions such as the following:
- What are your areas of expertise?
- What services can you offer your clients?
- Who is your target audience?
- How will you differentiate yourself from the competition?
Your business plan should also include several sections that detail your company’s history, current financial situation, and future goals. These sections will allow an investor to learn more about your company before they commit to investing in it.
Read our article about how to write a consulting business plan .
5. Apply for the Necessary Permits and Licenses
You must register your education consultancy business as a legal entity with the state in which you plan to do business.
To file your business with the state, obtain the necessary forms from the Secretary of State’s website or local County Clerk’s office. You will be required to pay a small fee for filing your business with the state.
Registering with the federal government may or may not be required. You can register your business on the federal level by obtaining an Employer Identification Number (EIN) from the IRS.
Read our article about obtaining the proper consulting business licenses .
6. Determine Your Budget & Apply for Funding as Needed
As with any business, you will need to use your own capital to finance the initial stages of your educational consulting company. Your budget may also include several other costs including marketing expenses and the salary you wish to pay yourself.
After determining how much money you will invest in starting your business, review some options for financing your business. Here are several financing options that may be available to you:
- SBA Loans : The Small Business Administration (SBA) is a government agency that provides financial assistance to small businesses in the U.S.
- Bank Loans : Many small business owners are able to secure loans from their local banks. Often, you can borrow money for any purpose that relates to the growth of your company.
- Friends and Family : You can consider getting loans and/or equity investments from friends and family members..
- Angel investors : Angel investors may provide debt or equity funding to you.
Read our article about the costs associated with starting a consulting business to help you determine if funding is needed.
7. Get the Technology & Software Needed to Run Your Educational Consulting Company Efficiently
As an educational consulting firm, you will need different types of technology to complete projects and keep track of your company’s operations. To simplify the process of starting a consulting company, we’ve provided a list below detailing some items that you’ll need:
Computers : Even if most of your work is done remotely with clients on the other side of the country or world, you will need at least one computer that is dedicated to your educational consulting company.
Software : Software is an essential component of any new business. The right software can help you manage projects, track expenses, and communicate with clients more effectively.
Here are some popular software platforms that may be beneficial to your business:
- Microsoft Office : This software suite includes a variety of applications that can help you manage your company, including Word, Excel, and PowerPoint.
- QuickBooks : This software is designed for small businesses and can help you track income and expenses, create invoices, and manage payroll.
- Basecamp : This project management software can help you manage multiple projects simultaneously and keep track of deadlines and milestones.
- Gmail : Google’s email platform offers several features that can be helpful for educational consultants, including the ability to access the same email from multiple devices.
- CRM : Customer relationship management software can help you track customer communication, manage leads, and create reports that detail your sales activities.
There may be additional software options available for educational consultants, so be sure to ask other educational consultants to find the best options for your business.
Read our article about the technology and software you need to run a consulting business .
8. Market Your Educational Consulting Firm to Potential Clients
Once you’ve established your educational consulting company, the next step is to market it to potential clients.
Here are some common marketing strategies used for educational consulting firms:
- Networking : One of the best ways to market your company is by meeting people and building relationships. Attend industry events, meet-ups, and other networking opportunities to get in front of potential clients.
- Online marketing : Marketing your business online, such as through a business website and pay-per-click and/or social media marketing, can help you reach a larger audience looking for your services.
- Blog : A blog is a great way to showcase your knowledge and expertise in the educational consulting industry. Share case studies, how-to articles, and other content that will be helpful to potential clients.
- Website : Your website is the central hub for your business. Make sure it is well-designed, easy to navigate, and provides all the information potential clients need to learn more about your company.
- Referral Programs : Offer current clients a discount or other incentive for referring new clients to your business. This helps build word-of-mouth marketing for your company.
There are many ways to market an educational consulting firm, so be sure to explore all of your options and find the strategies that work best for you.
You should also consider ways to incentivize potential clients to choose you over another educational consulting firm. Some incentives that work well include:
- Lower rates : Many consulting businesses offer lower rates on their services to attract new clients.
- Discounts on services : Offering discounts on certain projects may help you win bids against other companies.
- Free consultation : Providing potential clients with a free consultation can help them determine if your company is the best one for their needs.
Learn more about how to market your consulting business .
9. Establish a Price Structure and Billing System
There are a few factors to consider when establishing your price structure:
- Hourly rates : Charging by the hour is a common way to price consulting services. This allows clients to budget for your services and gives you the flexibility to charge more for complex projects.
- Project rates : Charging a flat fee for a project can be beneficial for both the client and the educational consultant. It ensures that the client knows what they are paying up front, and it allows the consultant to charge more for more complex projects.
- Retainers : A retainer is a set amount of money that the client pays upfront for services. This can be a good option for clients who need regular educational consulting services.
No matter which pricing structure you choose, be sure to clearly communicate it to your clients. Additionally, have a detailed invoice template that includes all the education services you provided so the client knows exactly what they are paying for.
10. Manage Client Relationships and Deliver Projects
After finding new clients and marketing your educational consulting business, you should begin delivering the projects and getting paid. This means managing client relationships and making sure that clients are happy with your work. Some of the ways to manage relationships with your education clients include:
- Regular communication : Keep in touch with clients regularly, either through email, phone calls, or face-to-face meetings. This will help ensure that they are happy with the work you are doing and that any issues are addressed promptly.
- Project updates : Send project updates to clients throughout the course of the project. This will keep them in the loop on what you are doing and how the project is progressing.
- Client feedback : Ask clients for feedback after every project. This will help you improve your services and ensure that clients are happy with your work.
Delivering projects on time and within budget is essential for an educational consulting business. It can be beneficial to create a project management plan that outlines how each project will be completed. This will help ensure that all deadlines are met and that the client is happy with the final product.
Learn more about how to effectively manage client relationships .
Starting an Educational Consulting Business FAQs
Why start an educational consulting business.
There are many reasons to start an educational consulting business:
- You have a wealth of knowledge and experience in the education field (such as, as a classroom teacher, school administration, curriculum developer, etc.) and want to share it with others.
- You are passionate about education and want to help students achieve their academic goals.
- You are looking for a flexible business that allows you to work with the clients you choose.
What is Needed to Start an Educational Consulting Business?
There are a few things you will need before becoming an educational consultant:
- Strong knowledge of the education system and how it works
- Experience in teaching or tutoring
- Strong marketing and sales skills
- The ability to manage client relationships effectively
What are Some Tips for Starting an Educational Consulting Company?
The following tips can help you to start an educational consulting business:
- Do your research . Make sure you understand the education system and how it works before starting your business. This will help you to provide accurate information to clients and manage expectations effectively.
- Develop a strong marketing strategy . Marketing is essential for any business, especially a new one. Plan how you will reach potential clients and how you will differentiate your business from others.
- Set your prices wisely . It is important to charge rates that reflect the services you are providing, but also be competitive so you can attract new clients.
- Create a detailed invoice template . This will help ensure that clients understand what they are paying for and that you are billing correctly for services rendered.
- Establish a project management plan . This will help ensure that all projects are completed on time and within budget.
- Manage client relationships effectively . Keep in touch with clients regularly, send project updates, and ask for feedback to ensure they are happy with your work.
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Start an Education Business: Everything You Need to Know
Beginning a business in the educational field can be an exciting opportunity to have a positive impact on individuals and their families. If you're looking for new ways to make a difference in the world, starting an education business may be the perfect fit for you. Doing your research will help you understand the various components of starting your own venture, from legal and financial considerations to marketing strategies.
When it comes to designing materials for your education business, you'll want to create something that stands out. With Desygner, you gain access to professional-grade design tools and templates, allowing you to create captivating visuals with ease. Whether it's web banners or posters, you can customize any of Desygner's templates with just a few clicks of your mouse. With its drag-and-drop feature, Desygner makes it easy to quickly build eye-catching designs and take your education business to the next level.
The typical struggles of starting an Education business
If you want to start a business that is focused on education, you are likely to experience several struggles. From balancing the budget and selecting the right resources, to hiring the right people and analyzing market trends - launching an educational business requires careful planning and thought.
Developing a Business Plan
The first step in any successful startup is to create a comprehensive business plan. This document allows you to set goals, track your progress, and adjust your strategy as needed. When developing your plan, be sure to include financial projections, marketing strategies, staffing plans, and future goals. Your plan should also address potential challenges that may arise as you get your business off the ground.
Selection of Resources
The next step is to identify the resources you will need to launch your education business. This includes everything from software programs and websites that can help automate certain processes, to textbooks or other teaching materials that can enhance learning. Be sure to carefully research each resource before investing in it - do not just go with the cheapest option, as many times these products are of lower quality.
Finding the Right People
Another key element of starting an educational business is finding the right people for the job. You need individuals who understand the educational process and have a passion for teaching and helping others reach their full potential. Look for experienced teachers and professionals who have a strong track record of success in their field.
Market Research & Analysis
Before launching your education business, it is essential to conduct thorough market research and analysis. This involves researching competitors in your area or industry, identifying customer needs and expectations, and understanding how your product or services will fit into the current market landscape.
Creating Brand Awareness
Finally, once you've established your business plan and identified your resources and personnel, it's time to start building brand awareness for your new venture. You can do this through social media campaigns, promotional events or contests, word of mouth advertising, or even traditional print media.
Desygner , an online platform for creating content & designs without coding knowledge , comes handy when creating visuals here; from logos & flyers to web banners & posts for social media platforms like Instagram & Facebook . It's easy drag & drop interface helps you create beautiful visuals quickly & easily.
How to Start an Education Business
Starting an education business can be a rewarding experience if you're passionate about teaching and helping others learn. Whether it's online tutoring, in-person instruction, or a combination of the two, you'll need to stay organized, promote your services, and cultivate a supportive environment for your students. Here are 8 tips to help you get started:
- Research the market - Before taking any steps toward starting your business, do some research into the education industry. Look at trends, competition, and pricing models.
- Create your business plan - It's important to know exactly what kind of service you're offering and how you plan to operate it. Make sure you include detailed financial plans.
- Develop your curriculum - Once you have a good idea of the scope of your services, make sure to design engaging materials that will keep students motivated and excited to learn.
- Secure funding - You may need additional capital to purchase materials or invest in marketing efforts. Research different sources of financing such as grants or venture capital.
- Get the right software - Investing in software can save you time and money by streamlining administrative tasks. Desygner is ideal for creating digital documents like syllabuses and class materials.
- Build relationships - Establish connections with other educators and institutions to attract more customers. Word of mouth is one of the most powerful sources of advertising.
- Be prepared for success - As your business grows, you may need additional staff or resources to accommodate more students. Have a plan in place so you can keep up with demand.
- Stay organized - To maintain quality control and ensure customer satisfaction, create systems that allow you to track payments, attendance, student progress, etc.
With hard work and dedication, starting an education business can be an incredibly rewarding experience. If you take the time to plan out your ideas and put them into action, there's no limit to how far your business can go!
To get started on building the foundation of your education business today signup with Desygner. We provide all the tools needed for creating digital documents like syllabuses and class materials quickly and easily.
Take action now and sign up with Desygner - your first step towards starting an education business!
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McKinsey is committed to improving lifelong learning opportunities and outcomes around the globe by collaborating with clients on their top-of-mind issues while always keeping equity at the forefront. Our teams include former teachers, institutional leaders, policymakers, and researchers with deep expertise across all levels of education from early childhood and K-12, to higher education and workforce development.
We serve education institutions and systems, governments, philanthropists, investors, service providers, and vocational training providers, complementing our hands-on work with original research to allow us to better understand the sector’s toughest challenges, and build new capabilities to help solve them.
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How COVID-19 caused a global learning crisis
COVID-19 and education: The lingering effects of unfinished learning
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Home » Sample Business Plans » Education
How to Write an Education Consulting Business Plan [Sample Template]
Are you about starting an education consulting firm? If YES, here is a complete sample education consulting firm business plan template & feasibility report you can use for FREE . 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 education consulting firm.
There are many would – be international students and students aspiring to go to colleges / universities who are trapped simply because they don’t know who to talk to when they have challenges with testing and educational related issues that is why it is important to set up your own education consulting firm.
Why Start an Education Consulting Firm?
Being an educational consultant means that you will help your clients handle all their educational concerns, help to gain admission to colleges or universities of their choice. You can also help your clients (international students) obtain work permits in their new country of residence / studies.
Starting an education consulting firm is not too expensive except for the money required to rent and furnish an office space. Running this type of business requires that you should be trained as an educationist and it is indeed a very lucrative business in the United States, Canada, Australia and The United Kingdom simply because of the inflow of international students from different parts of the world.
If you are truly convinced that starting an education consulting firm is the right business for you to do, then you need to write your own business plan. Below is a sample education consulting firm business plan template that will help you successfully write yours with little or no stress;
A Sample Education Consulting Firm Business Plan Template
1. industry overview.
Establishments in the Testing & Educational Support industry that education consulting belongs to primarily provide non – instructional support services for the education industries. The major segments of this industry are educational testing services and educational consultants.
It is important to state that computer software designers that develop education support software are not part of the Testing & Educational Support industry; they are part of the IT Consulting industry
If you are a close observer of the Testing & Educational Support industry, you will agree that the controversial No Child Left Behind Act in the united states has been an important driver of revenue for the Testing and Educational Support industry over the past decade.
This is due to the fact that education consultants play a prominent role in administering the assessments that ensure schools meet federal guidelines. Hence, the industry will be heavily impacted in the next half a decade by potential education reforms and fluctuations in federal funding.
Nevertheless, college enrollment will continue to expand over the period, and international student growth will continue, driven by high demand from students from Nigeria, China and India. Even though tighter state budgets will limit unnecessary expenditure, underlying demand for support services will still be sustained.
The Testing & Educational Support Industry is indeed a large industry and pretty much active in countries such as United States of America, United Kingdom, France, Germany, Italy, Holland, Switzerland, Australia and Canada et al.
Statistics has it that in the United States of America alone, there are about 7,639 registered and licensed education consulting firm scattered all across the United States responsible for employing about 115,967 and the industry rakes in a whooping sum of $15 billion annually.
The industry is projected to grow at 3.4 percent annual growth within 2011 and 2016. It is important to state that ETS and Pearson PLC has the largest available market share in the industry.
A recent research carried out by IBISWORLD reveals that the Testing and Educational Support industry has expanded over the five years to 2016. The report stated that during this time, revenue grew at an average annual rate of 0.9 percent to $13.7 billion in 2016.
The report pointed that the Testing and Educational Support industry is composed of three main segments: educational testing providers, educational consultants and student-exchange program providers. While overall growth has been strong, these segments have experienced different levels of growth over the past five years, with educational testing services accounting for the largest share of revenue growth.
The research further revealed that the No Child Left Behind (NCLB) Act of 2001 has driven industry demand during much of the past decade. Under NCLB, which was signed into law in January 2002, states had to implement major educational changes to remain eligible for federal funding.
Lastly, one thing is certain about starting an education consulting firm, if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to secure clients because there are always individuals and even educational institutions / schools that would want to hire your services from time to time.
2. Executive Summary
Webster & Golden® Education Consulting, LLP is a registered and licensed education consulting firm that will be based in New York City – New York.
The firm will handle all aspect of education related services; services such as providing college selection services, providing educational consulting services, providing educational guidance counseling services, providing educational support services, providing educational testing services, attending school buses and facilitating student exchange programs.
We are aware that to run a standard education consulting firm can be demanding which is why we are well trained, certified and equipped to perform excellently well. Webster & Golden® Education Consulting, LLP is a client – focused and result driven education consulting firm that provides broad- based services at an affordable fee that won’t in any way put a hole in the pocket of our clients.
We will offer a standard and professional education consulting services to all to our individual clients, and corporate clients at national, and international level. We will ensure that we work hard to meet and surpass our clients’ expectations whenever they hire our services.
At Webster & Golden® Education Consulting, LLP, our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in the testing and educational support industry
Webster & Golden® Education Consulting, LLP will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.
We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.
Our plan is to position the business to become the leading brand in the testing and educational support industry in the whole of New York City – New York, and also to be amongst the top 20 educational consulting firms in the United States of America within the first 10 years of operations.
This might look too tall a dream but we are optimistic that this will surely be realized because we have done our research and feasibility studies and we are enthusiastic and confident that New York City – New York is the right place to launch our education consulting firm before sourcing for clients from other cities in The United States of America and throughout the globe.
Webster & Golden® Education Consulting, LLP is founded by Webster Magnus and Golden Jade, his business partner for many years. The organization will be managed by both of them since they have adequate working experience to manage such business.
Webster Magnus has well over 5 years of experience working at various capacities within the testing and educational support industry in the United States of America. Webster Magnus and Golden Jade have the required experience and qualifications to build a world class education consulting firm that can favorably compete amongst leaders in the industry.
3. Our Products and Services
Webster & Golden® Education Consulting, LLP is going to offer varieties of services within the scope of the testing and educational support industry in the United States of America. Our intention of starting our education consulting firm is to favorably compete with leading players in the testing and educational support industry both in the United States of America and in the world at large.
We are well prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition. Our business offerings are listed below;
- Providing college selection services
- Providing educational consulting services
- Providing educational guidance counseling services
- Providing educational support services
- Providing educational testing services
- Attending school buses
- Facilitating student exchange programs
4. Our Mission and Vision Statement
- Our vision is to build an educational consulting brand that will become the number one choice for both individual and corporate clients in the whole of New York City – New York.
- Our vision reflects our values: integrity, service, excellence and teamwork.
- Our mission is to position our education consulting firm to become the leading brands in the testing and educational support industry in the whole of New York City – New York, and also to be amongst the top 20 education consulting firms in the United States of America within the first 10 years of operations.
Our Business Structure
Normally we would have settled for two or three full – time staff members, but as part of our plan to build a standard education consulting firm in New York City – New York, we have perfected plans to get it right from the beginning which is why we are going the extra mile to ensure that we have competent, honest and hardworking employees to occupy all the available positions in our organization.
The picture of the kind of education consulting firm we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around New York City – New York.
We will ensure that we only hire people that are qualified, honest, hardworking, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more depending how fast we meet our set target. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;
- Chief Executive Officer
Admin and HR Manager
Marketing and Sales Executive
- Customer Care Executive / Front Desk Officer
5. Job Roles and Responsibilities
Chief Executive Office:
- Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for fixing prices and signing business deals
- Responsible for providing direction for the business
- Creates, communicates and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
- Responsible for providing college selection services
- Responsible for providing educational consulting services
- Responsible for providing educational guidance counseling services
- Responsible for providing educational support services
- Responsible for providing educational testing services
- Attends to school buses as it relates to students under our care
- Responsible for facilitating student exchange programs
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Designs job descriptions with KPI to drive performance management for clients
- Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
- Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
- Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
- Defines job positions for recruitment and managing interviewing process
- Carries out staff induction for new team members
- Responsible for training, evaluation and assessment of employees
- Responsible for arranging travel, meetings and appointments
- Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
- Oversees the smooth running of the daily office activities.
- Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
- Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of relevant projects.
- Writes winning proposal documents, negotiate fees and rates in line with company policy
- Responsible for handling business research, marker surveys and feasibility studies for clients
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Develops, executes and evaluates new plans for expanding increase sales
- Documents all customer contact and information
- Represent the organization in strategic meetings
- Help increase sales and growth for the organization
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- creates reports from the information concerning the financial transactions recorded by the bookkeeper
- Prepares the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
- Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
- Responsible for financial forecasting and risks analysis.
- Performs cash management, general ledger accounting, and financial reporting for one or more properties.
- Responsible for developing and managing financial systems and policies
- Responsible for administering payrolls
- Ensures compliance with taxation legislation
- Handles all financial transactions for the company
- Serves as internal auditor for the organization
Client Service Executive / Front Desk Officer
- Welcomes students and clients by greeting them in person or on the telephone; answering or directing inquiries.
- Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
- Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
- Manages administrative duties assigned by the manager in an effective and timely manner
- Consistently stays abreast of any new information on the organization’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
- Receives parcels / documents for the organization
- Distributes mails in the organization
- Handles any other duties as assigned the line manager
6. SWOT Analysis
Going by our vision, our mission and the kind of business we want to set – up, we don’t have any other option than to follow due process. Following due process involves hiring business consultant to help us conduct SWOT analysis for our business.
Webster & Golden® Education Consulting, LLP hired the services of a seasoned business consultant with bias in start – ups in the United States to help us conduct a thorough SWOT analysis and to guide us in formulating other business strategies that will help us grow our business and favorable compete in the testing and educational support industry.
As a company, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Webster & Golden® Education Consulting, LLP.
Our core strength lies in the power of our team; our workforce. We have a team of highly qualified education consultants and support staff members that can go all the way to give our clients value for their money; a team that are trained, qualified and equipped to pay attention to details and to deliver excellent education consulting services.
We are well positioned and we know we will attract loads of clients (students and international students alike) from the first day we open our doors for business.
As a new education consulting firm, it might take some time for our organization to break into the market and gain acceptance especially from international students in the already saturated testing and educational support industry; that is perhaps our major weakness. So also, we may not have the required cash to give our business the kind of publicity we would have loved to.
The opportunities in the testing and educational support industry is massive considering the number of local and international students who can’t do with key services provided by only the testing and educational support industry. As a standard and well – positioned education consulting firm, we are ready to take advantage of any opportunity that comes our way.
Some of the threats that we are likely going to face as an education consulting firm operating in the United States are unfavorable government policies, the arrival of a competitor within our location of operations and global economic downturn which usually affects purchasing / spending power. There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.
7. MARKET ANALYSIS
- Market Trends
If you a closer observer of the trends in the Testing & Educational Support industry, you will agree that the controversial No Child Left Behind Act in the united states has been an important driver of revenue for the Testing and Educational Support industry over the past decade.
Although it is cheaper to start an education consulting business, but the fact remains that it is a bit challenging for new entrant to come into this industry, the primary barrier to the entry for new establishment is the stiff registration requirements applicable in most countries not just the United States of America.
As a matter of fact, education consulting firms must comply with local licensing criteria set out by registration boards and professional associations to obtain registration in their country or the state they want to operate from. This usually requires applicants to hold an accredited tertiary qualification before they can undertake written tests of skills, knowledge and abilities.
Lastly, the geographic distribution of education consulting firms and revenue in the industry is based on population levels and business locations. Education consulting firms tend to be located in areas with high populations students, and such areas tend to have higher level of students who would want to sit for college exams, apply for international studies or for student exchange programs.
8. Our Target Market
The demographic and psychographics composition of those who need the services of education consulting services providers cut across students and schools at all levels.
Webster & Golden® Education Consulting, LLP will initially serve students within our immediate community, but that does not in any way stop us from growing to be able to compete with the leading education consulting firms in the United States.
As a standard and licensed education consulting firm, Webster & Golden® Education Consulting, LLP offers a wide range of education consulting services hence we are well trained and equipped to services a wide range of clientele base. Our target market cuts across businesses of different sizes in both the individual and corporate clients.
We are coming into the industry with a business concept that will enable us work with individuals, small businesses and bigger corporations in and around New York City – New York and other cities in the United States of America. Below is a list of the people and organizations that we have specifically design our products and services for;
- International Students
- Local students
- Tutorial colleges
Our competitive advantage
The level of competitions in the testing and educational support services industry depends largely on the location of the business and of course the business model. If you can successfully create a unique brand identity for your education consulting firm or carve out a unique market, you are likely going to experience less competition.
For instance, if you are one of the few education consulting firms in your locations that has the most qualified and experienced education consultant with successful track record under your payroll, you are likely going to have a competitive advantage over your competitors.
We are quite aware that to be highly competitive in the testing and educational support services industry means that we should be able to deliver expected results, our clients should be able to pay for our services and we should be able to meet the expectations of clients.
Webster & Golden® Education Consulting, LLP might be a new entrant into the testing and educational support services industry in the United States of America, but the management staffs and owners of the business are considered gurus. They are people who are core professionals and licensed and highly qualified education consultants and experts in the United States. These are part of what will count as a competitive advantage for us.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (start – ups education consulting firms) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Webster & Golden® Education Consulting, LLP is established with the aim of maximizing profits in the testing and educational support services industry and we are going to go all the way to ensure that we do all it takes to attract clients (local and international students) on a regular basis.
Webster & Golden® Education Consulting, LLP will generate income by offering the following immigration consulting services;
10. Sales Forecast
One thing is certain, there would always be local students, international students, individuals, schools and tutorial colleges et al who would need the services of testing and educational support services providers.
We are well positioned to take on the available market in New York City – New York and other key cities in the United States of America and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond New York City to other cities in New York and other states in the U.S.
We have been able to critically examine the education consulting services market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in New York City – New York.
Below are the sales projections for Webster & Golden® Education Consulting, LLP, it is based on the location of our business and the wide range of education consulting and advisory services that we will be offering to our clients;
- First Fiscal Year-: $250,000
- Second Fiscal Year-: $450,000
- Third Fiscal Year-: $950,000
N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. There won’t be any major competitor offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
- Marketing Strategy and Sales strategy
We are mindful of the fact that there are stiffer competitions amongst education consulting firms and other related educational support service providers in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing.
Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization.
We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard and world – class education consulting firm that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).
Our goal is to grow our education consulting firm to become one of the top 20 education consulting firms in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the New York City – New York, but also in other cities in the United States of America.
Webster & Golden® Education Consulting, LLP is set to make use of the following marketing and sales strategies to attract clients;
- Introduce our education consulting firm business by sending introductory letters alongside our brochure to migrant communities, corporate organizations, households and key stake holders in New York City and other cities in New York.
- Advertise our business in relevant magazines, newspapers, TV stations, and radio station.
- List our education consulting firm business on yellow pages’ ads (local directories)
- Attend relevant international and local education, international studies and business expos, seminars, and business fairs et al
- Create different packages for different category of clients (local students and international students et al) in order to work with their budgets and still deliver quality education consulting services to them
- Leverage on the internet to promote our education consulting firm
- Engage in direct marketing approach
- Encourage word of mouth marketing from loyal and satisfied clients
- Join local chambers of commerce and industries with the aim of networking and marketing our services.
11. Publicity and Advertising Strategy
Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means (both conventional and non – conventional means) to advertise and promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.
We know that it is important to create strategies that will help us boost our brand awareness and to create a corporate identity for our education consultancy services firm business. Below are the platforms we will leverage on to boost our brand and to promote and advertise our business;
- Place adverts on community based educational and related newspapers, radio stations and TV stations.
- Encourage the use of word of mouth publicity from our loyal customers
- Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Badoo, Google+ and other platforms to promote our business.
- Ensure that we position our banners and billboards in strategic positions all around New York City – New York
- Distribute our fliers and handbills in target areas in and around our neighborhood
- Contact migrant communities, schools, and households et al by calling them up and informing them of Webster & Golden® Education Consulting, LLP and the educational support services we offer
- Advertise our business in our official website and employ strategies that will help us pull traffic to the site
- Brand all our official cars and school buses and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals.
12. Our Pricing Strategy
Hourly billing for education consulting services is a long – time tradition in the industry. However, for some types of education consultancy services, flat fees make more sense because they allow clients to better predict consultancy costs.
As a result of this, Webster & Golden® Education Consulting, LLP will charge our clients a flat fee for many basic services such as providing college selection services, providing educational consulting services, providing educational guidance counseling services, providing educational support services, providing educational testing services, attending school buses and facilitating student exchange programs et al.
At Webster & Golden® Education Consulting, LLP we will keep our fees below the average market rate for all of our clients by keeping our overhead low and by collecting payment in advance. In addition, we will also offer special discounted rates to both local and international students from time to time.
We are aware that there are some clients that would need regular access to education consultancy and advisory services and assistance, we will offer flat rate for such services that will be tailored to take care of such clients’ needs.
- Payment Options
The payment policy adopted by Webster & Golden® Education Consulting, LLP is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.
Here are the payment options that Webster & Golden® Education Consulting, LLP will make available to her clients;
- Payment via bank transfer
- Payment with cash
- Payment via credit cards / Point of Sale Machines (POS Machines)
- Payment via online bank transfer
- Payment via check
- Payment via mobile money transfer
- Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our client make payment for our testing and educational support services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for all education consultancy and advisory services rendered.
13. Startup Expenditure (Budget)
When it comes to calculating the cost of starting an education consulting firm, there are some key factors that should serve as a guide. Besides, in setting up any business, the amount or cost will depend on the approach and scale you want to undertake.
If you intend to go big by renting / leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting an education consulting firm; it might differ in other countries due to the value of their money. Below are some of the basic areas we will spend our start – up capital in setting up our education consulting firm;
- The total fee for incorporating the Business in the United States of America – $750.
- The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400
- The amount needed to acquire a suitable Office facility in a business district 6 months (Re – Construction of the facility inclusive) – $40,000
- The total cost for hiring Business Consultant – $2,500
- The cost for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $5,000
- Marketing promotion expenses for the grand opening of Webster & Golden® Education Consulting, LLP in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580 .
- The cost for purchase of the required software applications (testing results tracking Software, Payroll Software, CRM software, and Accounting Software et al) – $10,500
- The cost of launching our official Website – $600
- Budget for paying at least three employees for 3 months plus utility bills – $10,000
- Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
- Miscellaneous: $1,000
Going by the report from the market research and feasibility studies conducted, we will need over one hundred and fifty thousand ( 150,000 ) U.S. dollars to successfully set – up a small scale but standard education consulting firm in the United States of America. Please note that the salaries of all our staff members for the first month is included in the expenditure.
Generating Funds / Startup Capital for Webster & Golden® Education Consulting, LLP
No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. No doubt raising start – up capital for a business might not come cheap, but it is a task that an entrepreneur must go through.
Webster & Golden® Education Consulting, LLP is a business that will be owned and managed by Webster Magnus and Golden Jade, his business partner for many years. They are the sole financial of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.
These are the areas we intend generating our start – up capital;
- Generate part of the start – up capital from personal savings
- Source for soft loans from family members and friends
- Apply for loan from my Bank
N.B: We have been able to generate about $50,000 ( Personal savings $40,000 and soft loan from family members $10,000 ) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
14. Sustainability and Expansion Strategy
The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.
One of our major goals of starting Webster & Golden® Education Consulting, LLP is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.
We know that one of the ways of gaining approval and winning customers over is to offer our education consultancy and advisory services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Webster & Golden® Education Consulting, LLP will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List / Milestone
- Business Name Availability Check: Completed
- Business Incorporation: Completed
- Opening of Corporate Bank Accounts various banks in the United States: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Application for business license and permit: Completed
- Securing a standard office facility (renovation of the facility inclusive): Completed
- Purchase of All form of Insurance for the Business: Completed
- Conducting Feasibility Studies: Completed
- Generating part of the start – up capital from the founder: Completed
- Applications for Loan from our Bankers: In Progress
- Writing of Business Plan: Completed
- Drafting of Employee’s Handbook: Completed
- Drafting of Contract Documents: In Progress
- Design of The Company’s Logo: Completed
- Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
- Recruitment of employees: In Progress
- Purchase of the Needed software applications, furniture, office equipment, electronic appliances and facility facelift: In progress
- Creating Official Website for the Company: In Progress
- Creating Awareness for the business (Business PR): In Progress
- Health and Safety and Fire Safety Arrangement: In Progress
- Establishing business relationship with vendors and key players in the industry: In Progress.
More on Education
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Innovating business in public education.
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Tatia Davenport, CEO, California Association of School Business Officials , Member Forbes Business Council.
A recent study conducted in partnership with my organization identified key needs and challenges facing the field of school business, as well as predicted staffing shortages within California’s public school business leadership.
Through the study, we pinpointed current gaps impacting the largest public education system in the country, with a future focus on workforce development, succession planning and innovation as key initiatives to address and mitigate projected issues.
Identifying The Critical Needs Of School Business
The scope and breadth of school business, which impacts approximately 49 million students enrolled in public schools in the U.S., is significant and often underestimated.
Like their private industry counterparts, school business officials (CBOs) and leaders manage a myriad of business functions—from transportation, nutrition, human resources and community/local leadership engagement, to financial planning/budgeting, technology, real estate, logistics and more. Through the study, we defined the diverse range of core competencies of a CBO, including organizational management, administration, leadership, budgeting and financial planning, HR and a deep understanding of public policy, intergovernmental relations and legal issues.
How Do We Get Educators To Embrace AI? Start By Building A Walled Garden
Hundreds of colleges now offer automatic admission to students, average college tuition increased less than inflation for 2023 24.
Needs and operations vary from school to school and district to district, all in support of students, families, schools, districts and communities. Clearly, when these functions are extrapolated on a national level across the field of education, the intricacies and impacts of school business are monumental.
A key finding in the study revealed a trend toward an aging CBO population nearing retirement age and underrepresentation in ethnic and racial diversity, indicating urgent action is needed to ensure consistent progression opportunities and diverse representation. For a more sustainable future, I believe our focus in the field of school business must be on succession planning, workforce development and innovation.
Focus on workforce development.
Collectively, school business officials need a cohesive and complete array of training and support for the field to enhance workforce development initiatives. This comes through training and professional development, certifications, networking and advocacy to support the profession. Through these paths, a strong, competitive and up-and-coming stable workforce can be developed and retained.
Seeing the need for a deeper and more diverse workforce over the past few years, leaders in school business should continue to focus on accessibility and inclusivity through live and on-demand webinars and podcasts, state and section workshops, certification programs, annual conferences and roundtables. These should all be designed to make the field more accessible, engaging, supportive, inspiring and promising.
It’s imperative that we also remain committed to further engaging in legislative conversations to ensure school business officials are well represented among local, state and national leaders in the K-12 arena. Working through larger trade associations and organizations and with corporate partners will be essential as these relationships provide many learnings and opportunities that enable us to remain a competitive and sustainable career path for school business officials. Additionally, those of us in the industry must continue to invest in trainings and be an advocate to develop and retain a robust, diverse and competitive workforce.
Implement a succession plan.
As many CBOs enter retirement, we must employ succession planning strategies to address and mitigate impending shortfalls in the field of school business.
Much like our focus on workforce development and the techniques and tools we are implementing to engage future school business officials, leaders must share ideas around succession planning and developing models for districts to consider as CBOs enter retirement. Our goal as leaders should be to help create a clear path and plan for school and district leadership.
Consider ways to innovate.
Leaders should also consider technological advancements across all elements of school business as a priority in public education. Tools such as artificial intelligence (AI) can help improve efficiencies, standardize processes, manage quality operationally and add value for the client (students, teachers, community members).
Just as AI is exploding in all aspects of the corporate world, business officials must work to discern opportunities, challenges and solutions that can be developed in a sustainable and scalable manner to serve their schools, districts and ultimately their students. AI has arrived on the scene and school business leaders should be ready to embrace the opportunities it presents.
Tips For Creating A Sustainable Future For School Business
1. Be intentional about a workforce development plan by structuring not only trainings and professional development programs for individuals and teams, but also path to progression or promotion programs so that employees can visualize and strive toward specific goals and outcomes.
2. Identify qualified candidates who may be on a path to promotion to build out your succession strategy pipeline.
3. Explore new technologies and work with employees and team members to understand needs and opportunities to add value to your organization through technology and new processes.
Like their private sector counterparts, school business officials must work to ensure a solid and sustainable future. Through workforce development, intentional succession planning and technology innovations, the future of school business can become more competitive, diverse and forward thinking.
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Third Degree I.D.
Third Degree I.D. focuses on the following deliverables: program/curriculum design and development, course design and development, program/curriculum and course evaluation, content analyses and revision, rich-media production, e-learning training, e-learning consulting, and additional services, such as market research, editing, document workflow, and translation. For purposes of billing, project management, and client relations, these services are broken down as follows:
- Program/Curriculum Design & Development
- New Program Services
- Existing Program Services
- Course Design and Development
- Learning Object Development
- Other Services
3.1 Program Design & Development
Third Degree I.D. provides development services for clients in accordance with educational best practices and client specifications. It employs a systematic design and development process that produces instructionally sound, engaging programs/curricula that are aligned with institutional goals and exceed applicable accreditation and/or compliance standards.
3.1.1 New Program Services
New program services are available to clients who do not yet possess an e-learning infrastructure or who do not yet possess robust programming that would adequately leverage the infrastructure.
Needs Analysis Report The needs analysis report is the end result of a client-partnered consulting and research effort. The report articulates technology, workforce, and policy/procedure needs for e-learning programs in the general context of any institutional and/or accreditation and/or compliance constraints. Clients are charged according to the scope of the project, which is generally tied to the length and/or number of programs/curricula to be developed. For example, a needs analysis report for an e-learning certificate or academic “minor” (or group of related courses of no more than six) would conclude with a base charge of $3600.
Clients developing multiple curricula receive a 50% discount on the base charge of the lesser fee. For example, an institution or company developing an MA and an undergraduate minor would be charged the full fee for the MA plus half of the fee charged for the undergraduate minor ($4500 + $1800 = $6300).
Funding Assistance Funding assistance is a deliverable provided to institutions or companies that wish to raise funds externally in order to underwrite or mitigate their e-learning start-up and operation expenses. Assistance would include research, reporting, grant and business proposal efforts. The charge for initial consulting is $75 per hour, with subsequent research, reporting, grant and business proposal efforts charged at $50 per hour. Clients may indicate a “not to exceed” clause in all funding-assistance efforts.
Program/Curriculum Prospectus The program/curriculum prospectus is the end result of a client-partnered consulting and research effort. The prospectus outlines the objectives and viability of a given program/curriculum and critiques any development dependencies or any potential implementation constraints; it also includes a market study and a program/curriculum evaluation plan.
Clients who purchase a needs analysis report are given a 20% discount on each program/curriculum prospectus.
Program/Curriculum Development Plan The program/curriculum development plan is the end result of a client-partnered consulting and research effort. The development plan is a report that articulates the program/curriculum specifications according to institutional needs. The document includes a full articulation of curriculum design, including course-series or individual course “look and feel” and functionality requirements. It characterizes the significant development/delivery features of the courses and identifies any course developers, subject matter experts (SMEs), or consultants associated with the individual course projects. The development plan includes a time horizon for the overall program/curriculum with timelines for individual courses and delineated fees associated with project development and management.*
Clients who purchase a curriculum prospectus report are given a 20% discount on each corresponding program/curriculum plan.
*Clients are charged a monthly project management fee of 5% on the overall curriculum design and development charge for the duration of the project development period. A project development period runs from the date of the program/curriculum development plan implementation to the date of program/curriculum development plan completion.
Program/Curriculum Implementation Strategy The program/curriculum implementation strategy is the end result of a client-partnered consulting and research effort. It is a report that recommends ways to optimize program/curriculum support and to leverage the program/curriculum in order to maximize learning and revenues. The report recommends enrollment goals, scheduling, instructor recruitment, content-reuse, and technical support strategies.
Clients who purchase a program/curriculum development plan are given a 20% discount on each corresponding program/curriculum implementation strategy report.
Program/Curriculum Evaluation Plan The curriculum evaluation plan is the end result of a client-partnered consulting and research effort. It is a report that articulates qualitative and quantitative strategies which satisfy accreditation and/or compliance standards and assist institutions and companies in procuring feedback that informs and improves upon their curricula. The evaluation plan includes survey collection instruments for curriculum-level and course-level analysis.
Clients who purchase a curriculum prospectus report are given a 20% discount on each corresponding program/curriculum evaluation plan.
3.1.2 Existing Program Services
Existing program services are available to clients who possess an e-learning infrastructure and deliver programs/curricula, but who wish to enhance or improve upon their offerings. Clients with existing programs may select from the New Program Services, if they wish to add new programs to their offerings.
Program/Curriculum Evaluation Report The program/curriculum evaluation report includes a top-level analysis of a given program/curriculum relevant to institutional or company goals and relative to comparable institutional and company programs/curricula. It includes a systematic analysis of each course within the program/curriculum and provides recommendations for revision of content, structure, and delivery. Recommendations are informed by educational best practices and any institutional, accreditation and/or compliance standards.
Program/Curriculum Strategy Report The program/curriculum strategy report is the end result of a client-partnered consulting and research effort. It is a report that analyzes the institution or company’s current implementation and operations strategy and recommends ways to optimize program/curriculum support and to leverage the program/curriculum in order to maximize learning and revenues. The report recommends enrollment goals, scheduling, instructor recruitment, content-reuse, and technical support strategies.
Clients who purchase a curriculum evaluation report are given a 20% discount on each corresponding program/curriculum strategy report.
Program/Curriculum Maintenance (on Retainer) Program/Curriculum Maintenance provides institutions or companies with “basic maintenance” of courses and learning objects in a given e-learning program or curriculum. “Basic maintenance” is a support package that serves clients who require minor course or course-shell changes on a regular basis. Clients who develop courses that feature time-sensitive information and are instructor-led may be better served by regular maintenance to course features that change, such as schedules, calendars, tests, and evaluations. Maintenance is charged on a monthly basis at 5 percent of the overall program/curricula charge.
3.2 Course Design and Development
Third Degree I.D. provides course- or project-development services for clients in accordance with established curriculum plans. The company employs a systematic instructional design process that produces instructionally sound, engaging course work, systematically aligned with program goals and learning outcomes and designed to exceed institutional accreditation standards.
Course-design cost estimates are based upon the following assumptions:
- A course or training project contains one or more units of instruction.
- A “unit” consists of approximately 8 pages of content and represents 3-5 hours of instruction.
- A “page” of content covers a single topic and represents information that would be presented to a learner “at once” (e.g. between clicks of a “Next” button).
- A “page” of content contains from 150-1500 words (as dictated by lesson flow and audience requirements).
- A typical unit contains approximately:
- 16 content-related photos or illustrations (an average of 2 per page)
- 1 collaborative discussion assignment
- 2 hands-on or research-focused “homework” assignments, and
- 1 standard assessment (e.g. 20-question multiple choice, true/false, or matching quiz).
Note: A unit may also contain one or more interactive learning objects, which are priced separately under topic 3.3, below.
Type A: Courses are developed “from scratch.” Third Degree I.D. is responsible for providing subject-matter expertise, researching relevant content, and developing courses with limited support from the client partner. This is the most expensive development option. Type B: Courses are developed with the aid of a dedicated subject-matter expert employed by the client for the scope of the project (e.g. a faculty member for higher-ed institutions, or a seasoned field professional for corporate clients). Type C: The client partner provides raw content in an existing medium (e.g. textbooks, articles, PowerPoint slides, training manuals, etc.) Third Degree I.D. develops courses that re-purpose and/or supplement the existing content. Type D: The client partner provides both existing content in an alternate medium and a dedicated subject-matter expert. Third Degree I.D. works with the dedicated subject-matter expert over the course of the project to produce courses that re-purpose or supplement the raw content.
Type 1: Content is designed for delivery by nonprofit institutions under the rules of the TEACH Act. This is the least restrictive option in terms of copyright and, therefore, requires limited investment in new media development and permissions acquisition. Type 2: Content is designed for delivery by nonprofit institutions and education clients under the “Fair Use” guidelines for copyrighted works. Fair Use strictly limits the amount of copyrighted content that can be used within the context of an online course. Therefore, courses developed for this standard require additional investment in new media development and permissions acquisition. Type 3: Content is developed for commercial delivery. This is the most restrictive option and requires that all course content (including media) be developed from scratch or obtained via purchase or agreement with the copyright holder.
*Note: A typical course for a higher-ed client is 10 to 12 units in length (representing 30-50 hours of instruction). Multiply the unit price by 10 or 12 to calculate average course cost.
Additional Development Services and Pricing
Third Degree I.D. also offers the following additional services related to course/program development:
*1 audio “clip” = 60 seconds of digital audio
**1 video “clip” = 30 seconds of digital video
3.3 Learning Object Development
Third Degree I.D. designs and develops rich-media learning objects, designed to motivate learners, to increase course interactivity, to provide novel and interesting views of course content, to simulate real-world scenarios, and to provide stimulating alternatives to drill-and-practice instruction. Learning objects are typically authored in Macromedia Flash and range in complexity from single-screen interactions with no evaluation to rich, simulated environments that respond to a variety of user inputs.
Level 1: Level 1 objects are typically single-screen environments that respond to user actions but do not evaluate responses. Examples include:
- X-Ray Machine: A custom cursor reveals a hidden layer as the user rolls his mouse over an image. Imagine, in an anatomy course, being able to peer “inside” a simple, illustrated diagram of the human body, revealing the skeletal system, the circulatory system, etc.
- Overlay Engine: Users can toggle various image “layers” on and off, similar to the way transparency overlays can be used with an over head projector. Imagine a map with highways, lakes, and gas station markers that could be hidden and revealed as needed.
- Simple Image Gallery : Users cycle through images with corresponding text. Imagine a menu with five buttons, each displaying a single work of art, the title of the piece, the artist’s name, and the date it was created.
Level 2: These objects are typically 1-2 screen engines, with evaluation and feedback, and are typically used as assessment vehicles. Examples include:
- Media-Rich Quiz: For instance, a multiple-choice or fill-in-the-blank quiz with optional areas for displaying diagrams, photographs, or hints.
- Hint/Password Game: The user tries to guess the topic or item that is described by a growing list of clues.
Level 3: Level 3 objects are media-rich resources that are designed to display a variety of media in a unique format. They may combine text, illustrations, photographs, charts and graphs, audio/video clips, and web links to create rich, educational experiences. Examples include:
- Timelines: Imagine an interactive timeline designed to illustrate key points in the development of personal computing. For instance, one event on the timeline could provide photos of the early Apple II computers and later Macintosh models, text describing the growth of Apple as a major hardware manufacturer, sound-bytes from industry professionals, and a link to the Apple website.
- Image Magnifier: Imagine a display engine that allows users to interactively select and view magnified portions of a small image (e.g. a painting or other work of art). The engine could handle multiple images (with a page-turning metaphor), and a text area could provide a description of each work with links to museums featuring work by the same artist.
- Interactive Dictionary/Glossary: Imagine key words or terms hyperlinked from within a course. When a term is clicked, the glossary would open, displaying a basic text definition, supplemented by audio clips, animated diagrams, or illustrations.
Level 4: These are typically complex adaptive learning tools that modify content presentation, based upon user response. Examples include:
- Adaptive Assessments/Tutorials: Content presentation is adjusted based upon user responses. Imagine a quiz that supplies a more difficult question each time a user responds correctly or easier questions when the user responds incorrectly.
- Adaptive Simulations: These are typically games or simulations that replicate real-world problems. Imagine a game designed to test a learner’s understanding of the urban planning process. For example, users might control the rate and quality of road construction, public parks, and commercial/residential zoning. By choosing to spend a significant portion of her budget on parks and residential development, a user may receive feedback that traffic congestion and unemployment have driven potential buyers out of the city.
It is important to note that the descriptions above do not attempt to describe the entire universe of potential learning object development. The examples provided with the level descriptions are intended to help Third Degree I.D. and the client effectively gauge the complexity of proposed objects and price/budget accordingly.
Cost Estimates—Engine Development
Cost Estimates—Engine “Population” and Media Editing
Third Degree I.D. provides a number of training options for clients who wish to expand their e-learning skills and knowledge. Training sessions can benefit instructors, support staff and administrators.
3.5 Consulting and Other
Third Degree I.D. charges a flat fee of $75 per hour for consulting, and specializes in a variety of areas, including:
- e-learning strategic planning
- accreditation substantive change documentation
- learning-objects database planning
- content-reuse planning
- “best practices” consulting
- open-source e-learning assets consulting
Third Degree I.D. charges a flat fee of $60 per hour for work that may stem from consulting, such as:
- Copy editing
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Educational Website Business Plan Sample
Educational website business plan for starting your own business
Do you want to start an educational website? An educational website provides educational services such as recorded and live lectures on certain subjects. It can also include answering students’ queries and holding academic discussions.
The business is in-demand and can be extremely profitable if you plan it properly. To ensure that you plan everything in detail you must study some of the best business plans , specifically sample business plan educational services.
To facilitate you, we are providing educational website business plan of E-Acad, an educational website startup. It will explain in detail all the steps that you’ll have to take to step into this business.
2.1 the business.
E-Acad is an educational website established by Lara Frederick. The business will provide a myriad of educational services ranging from the provision of video lectures to helping students solve difficult assignments. The business will operate online however, an office will be set up in New Orleans to organize projects and tasks done by different groups.
2.2 Management of educational website
You might be thinking that the management of an educational website is easy since most of the work will be based online. But it is only a myth. Like any other business, you can think of, starting an educational website also requires making a detailed business plan for an educational website . If you don’t know how to write a business plan for a website or business plan for a franchise , you can take help from this business plan.
E-Acad will hire managers, create a hierarchical organization, and purchase business management software to manage the business smoothly. A complete list of persons who will be hired will be given in the next sections of this online course business plan.
2.3 Customers of the educational website
The customer groups as identified by E-Acad are as follows:
- Undergraduate Students
- Postgraduate Students
- Employees of Companies
- Faculty Members
Your customer groups may change depending on the services you provide. In that case, you may need to study education consulting business plan or tutoring business plan.
2.4 Business Target
It is important to set business targets according to your resources and expectations. This will help you drive all processes of your business in a progressive direction. In this online education e learning sample business plan we are listing the business targets of E-Acad.
- Earning $25 per month in profits by the end of the first five years
- Expanding our services to also include complex degree programs
3.1 company owner.
Lara Frederick is the owner and CEO of E-Acad. She is a social science graduate. During her academic years, she performed some voice-over jobs for academic videos and established links with many people in the field.
3.2 Why the educational website is being started
Lara decided to start an educational website due to her interest and experience in the field. During COVID times, online education programs earned a good deal and thus the opportunity emerged as a new business stream. Thus, seeing the newer demand and prospects of profit generation, Lara decided to start this business.
3.3 How the educational website will be started
Step1: Create Educational Services Business Plan
The first step is to develop a business plan template for a website and then fill in the details to make it a comprehensive business plan edu. If you plan to run your business via proper software then you must also study educational software business plan.
Step2: Start Marketing
The next step is to make people realize that your business exists. For this, you will have to develop an influencing marketing plan to reach wider audiences. Then, to carry out a marketing plan you would require graphic designers to design posters for you.
Step3: Gather the Resource
The next step is to start acquiring human and digital resources by using your financial resource. Because to implement each part of your business plan, you will be requiring money and people with expertise.
Step4: Have a Great Online Presence
Since sales of your business will be based on online presence, you will need to hire web developers as well as SEO writers to get your startup up in the search engine.
Step5: Manage and Execute
The last step is to execute what you have planned in your business plan.
Services of educational website
The educational website can provide a wide range of services. Therefore before making your online education business plan, it is important to decide which services you want to offer. If your services are not pure academic you may want to explore business plan for language school or business plan for a driving school .
E-Acad has mentioned the following services in its business plan educational institution.
- Individual Guidance Sessions
Our topmost service will be providing one-one tutoring sessions to individuals so that they can learn about their queries in a personalized manner.
- Recorded Video Lectures
We will be providing paid video lectures on topics of graduate and post-graduate study.
- Help Solving Assignments
We will offer help and guidance to students in solving their assignments.
- Designing Exams and Tests
We will also design test questions and numerical problems for tests, assignments, and exam purposes.
As per the business plan education, these services will be provided for various academic streams including engineering, medical sciences, humanities, and social sciences. You are recommended to study more website business plans if you are looking for other services.
Marketing Analysis of educational website
5.1 market trends.
The market demand for business educational wesbites has grown manifold after the COVID episode. Hundreds of educational websites are operating in the U.S. Though recorded lectures have already been produced by many educational websites for business studies, there is still much room to improvise and find new arenas. According to Statista, the global e-learning market was sized at $200 billion in 2019, and in that year LMS market single-handedly made more than $18 billion.
5.2 Marketing Segmentation
If you are starting a business website that includes educational services, you must first identify the groups of target customers you want to serve. In this educational website business plan sample we’re providing marketing segmentation done by E-Acad.
5.2.1 Undergraduate Students
This category will be our major customers. Due to the online nature of business, we expect students from the whole world to avail of our services.
5.2.2 Postgraduate Students
We will also be covering advanced subjects that’s why postgrads will make a whole segment of our customers.
5.2.3 Business Employees
Since we are also providing personalized guiding sessions, people who are already on their jobs are also expected to avail of our services whenever they get to do a task in which they lack knowledge.
5.2.4 Faculty Members
Teachers and faculty members are expected to avail of our exam and assignment-making services. Besides, they can also benefit from our video lectures and guidance sessions.
5.3 Business Target
In this sample tech educational website startup business plan pdf, we are listing the business targets of E-Acad. Likewise, as you design educational website business plan pdf for your business, you should define SMART business goals to ensure you direct your working towards them.
- Reaching a customer satisfaction score of more than 90% in the first year of our launch
5.4 Product Pricing
The prices for educational services that E-Acad will be offering are a little higher than others in the market. However, in the sales strategy section in this educational website business plan sample, we’ll explain why E-Acad still expects to get more customers.
Marketing Strategy of educational website
To reach the target audience, it is essential to have a strong sales strategy plan. In this education business plan sample, we’ll be providing the sales strategy of E-Acad. However, to get even more ideas for targeted promotions and advertisements, you may also take help from business plan for a karate school and martial arts school business plan .
6.1 Competitive Analysis
- Due to saturation in the arena of recorded video lectures, we are providing other types of educational services as well.
- Provision of assignment, test, and examination questions making services in an idea unique to us.
- Our tutoring services are instant and highly personalized.
6.2 Sales Strategy
To advertise our startup, we’ll be adopting the following options as mentioned in our sample business plan educational website. You are recommended to explore more educational website business plan pdf to get more advertisement ideas.
- We’ll offer a 20% discount on all our services for the first three months of our launch.
- We’ll provide free video lectures for the first 3 months of our launch.
6.3 Sales Monthly
6.4 Sales Yearly
6.5 Sales Forecastz
Personnel plan of educational website
To establish educational business websites you will need a good team with expert-level knowledge on various subjects. Some business education teacher websites operate by just being a server between freelance tutors and students. E-Acad, likewise, did the same. Instead of hiring its own faculty members for each subject, it decided to serve as a platform for connection. So its personnel plan is perfectly suitable if you’re looking for a business plan for an educational institute.
7.1 Company Staff
- 1 Manager to manage the operations
- 2 Software Operators to manage management software
- 6 Content Experts/ Subject Specialists
- 1 Web Developer to maintain business’ websites
- 1 Financial Expert to keep a record of finances
- 1 Graphic Designer for the development of videos and graphics
7.2 Average Salary of Employees
Financial plan of educational website.
The financial plan of an educational website business is not of the usual type. Especially for the services in which the company is just acting as a server to connect clients with freelance tutors, the financial computations become complex. To facilitate you, we’re providing educational website business plan sample free of cost.
However, if you adding mental games and quiz aspects to your business, you may want to also explore educational website business plan for educational game business websites.
8.1 Important Assumptions
8.2 break-even analysis.
8.3 Projected Profit and Loss
8.3.1 profit monthly.
8.3.2 Profit Yearly
8.3.3 Gross Margin Monthly
8.3.4 Gross Margin Yearly
8.4 Projected Cash Flow
8.5 Projected Balance Sheet
8.6 business ratios.
- Can I make an educational website?
Yes, anyone who possesses insight into this business can make it. For the starter, you’ll have to make educational website business plan. It would be best to get your online education business plan developed by an expert. To get an idea of what it should look like, you can read this education business plan template.
- Which website is best for education?
Different rankings suggest different answers to this question. It is largely based on your personal requirements and level of understanding of things.
- What is an example of an educational website?
Instructor.com, Schoology.com, Teacherdashboard.com, and even the most commonly known Youtube.com and Google.com are some examples.
- What type of website is educational?
Any website that hosts educational content comes in this domain. Educational content may cover physical education such as karate as well as academia such as engineering.
Download Educational Website Business Plan Sample in pdf
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New College of Florida's transformation plan isn't financially viable, UF analysis says
TALLAHASSEE — A business plan outlining sweeping changes at New College of Florida is “not financially viable” in its current state, a University of Florida business-school faculty member said in an analysis that critiqued New College’s “strategic vision.”
The review of the business plan came as the New College Board of Trustees is expected Tuesday to choose a new president . Interim President Richard Corcoran, a former state House speaker and state education commissioner, is among three finalists for the job . Corcoran emphasized the business plan as part of an August interview with trustees.
Also, the state university system Board of Governors’ Strategic Planning Committee is slated to meet Wednesday to discuss “feedback” related to the 119-page business plan.
The plan details efforts to increase New College’s enrollment from roughly 800 students to 1,200 in the next five years, overhaul curriculum over the next three years and make improvements to the Sarasota campus.
“New College’s singular mission is to be the best liberal arts college in America, burnishing Florida’s higher education credentials and producing a luxury brand to complement the state’s great research universities,” an introductory part of the plan said.
Amanda Phalin, a University of Florida professor who also is a member of the university system Board of Governors, asked colleagues in UF’s Warrington College of Business to evaluate and make recommendations about the New College plan.
Two UF faculty members, whom Phalin in a Sept. 20 email to the Board of Governors said “specialize in teaching and evaluating business plans,” provided written feedback. Both faculty members, who are not identified in the email or the document, seemed to agree that the New College plan gave little consideration to who is in the target market that New College is trying to reach and how efforts to transform the way the school is marketed could translate to success.
“I didn’t see a clear problem outlined. What is the gap in the market? What is the unmet need,” a faculty member referred to as “Faculty Member #1” wrote.
As Corcoran has expressed a goal to intensify fundraising efforts, the first faculty member pointed to a need for the plan to have more detail about issues such as how marketing efforts would drive up enrollment.
“They had a lot of ‘product’ (solution) information (here’s what we’ll sell – curriculum, facilities, programming, etc.) and they mentioned some points of differentiation. But if I were looking at this from the point of a view of an investor I would like a lot more detail on the points highlighted above,” the first faculty member said.
The New College plan lays out “economic” and “ethical” arguments for remaking the school, an effort spearheaded by DeSantis and Corcoran that has drawn heavy attention since the beginning of the year. The remaking has included DeSantis appointing a slate of conservative trustees and the ouster of former President Patricia Okker .
The economic argument attempts to make the case for liberal-arts education, which the plan touts as helping develop leaders with skills attractive to employers such as critical thinking, communication, problem solving, project management, the ability to take initiative and teamwork.
“Development of these skills is embedded in New College’s unique curricular structure,” one part of the plan said.
The second unnamed UF faculty member, referred to as Faculty Member #2, said the economic argument section is “quite removed from the context of the remainder of the plan.”
The ethical argument bills New College’s academic offerings as being geared toward creating better citizens and leaders.
To drive growth, the school plans to launch a “Freedom Institute,” using $2 million in money that the school plans to request from the Legislature. The planned institute, which would host speakers, community events and and for-credit classes for students, has been touted by Corcoran as a way to combat “cancel culture” in higher education.
The plan also includes creating master’s degrees in marine mammal science, environmental economics and policy and educational leadership, in addition to academic programs on the “practical application” of artificial intelligence.
Meanwhile, New College has launched six sports programs, which as of July had drawn 120 athletes to enroll in the school, with plans to have 350 athletes enrolled by fall 2027.
But the UF Faculty Member #2 said none of the growth-related aspects of the business plan “seem to have the potential to sustainably drive high-margin revenues (or even low-margin revenues).”
The New College plan also highlights what already has been a substantial investment by the state , pointing to “$50 million in new legislative appropriation funds to refocus New College on its students and rebuild from the neglect of prior administrations.”
The school has reported spending $500,000 to improve on-campus food quality, with a plan to continue that level of investment going forward. Also, it says it has plans to improve the campus infrastructure and extracurricular and social programs for students.
It also describes a goal to expand its market position. Noting that surrounding Sarasota and Manatee counties regularly produce about 20 percent of New College students, the school will seek to attract “high-achieving” students from outside the state.
“New College will expand its focus across the United States and beyond, focusing in particular on non-traditional high schools, whose guidance counselors will appreciate New College’s unique academic program,” the business plan said.
But the second UF faculty member, who wrote that the plan is “lacking in sufficient information about the market/competition,” also questioned its financial viability.
“The plan, in its current state, is not financially viable,” the faculty member wrote.
“However, there are likely opportunities for New College to become financially sustainable by leveraging ideas that were either marginally mentioned in the plan or were not mentioned at all,” the faculty member added.
For example, Faculty Member #2 said one such idea would be to “leverage (New College’s) coastal location in north Sarasota & proximity to St. Pete to offer executive education and certificates” in the financial, business, investment and entrepreneurship industries.