Opening a school is not an easy task to go ahead with, the process requires a lot of time, effort and investment. You need to figure out a lot of paperwork and finances related to the allotment of land, affiliation of the board and future recurring investments at least for the next ten years, in order to keep this process smooth you also need to come up with a proper strategy that will help you follow your future plans and objectives on a straight line.
Along with this you need to form a management committee consisting of highly qualified and expert professionals from different backgrounds who’ll be responsible in the management of all the core operations related to your school business.
However, according to the government guidelines private entities are not allowed to open or run private schools, which usually arises a question of doubt amongst the investors and entrepreneurs who are willing to invest in the education industry by opening a school business.
So, here are 4 different ways that can help you in pursuing your dream of starting a private high school business. Go ahead and choose your path.
Get your school registered under a society
The Government will allow you to run your private school business if it is being operated under a society. However, you need to be sure of the fact that the society is registered under the Societies Act of 1860. This might require a lot of paperwork and time but it is a genuine way which can help you open your CBSE school franchise.
Work along a Public Trust
You can also work along a Public Trust registered under the Public Trust Act and open your school under their trust’s name. This will help you get some support from the Government as well and might ease down the effort and time you’ll be spending on all the business related paperwork.
Establish your own Private Company
In case the above two options don’t work for you then you can always go ahead by operating your school under the name of your own private company registered in the “Companies Act 1956”. This way you can get full power over your school business as the Government’s contribution and authority becomes minimal.
However, opening a company always requires a huge amount of capital and resources, therefore it can become a time and money consuming process.
Purchase a High School Franchise
Private companies like Millennium Education Management Private Limited offer private entities to invest in their high school franchise business models. This will help you save all the additional time and money from investing in the process of establishing your own company.
Moreover, investing in a CBSE school franchise will definitely help you gain some amazing returns on your investment.
Heyy great blog. Please check out the preschool franchise and cbse board school franchise offered by Birla Open Minds.
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