Nursery and Primary School business is very profitable because education is one of the basic needs for children and it is the desire for every parent to see their children in school and get the best quality of education.
According to research for most families in the country 30 per cent of their earnings go to the payment of school fees for their children.
In Nigeria today, fathers and mothers are doing all that they can to make sure their children get the best in life most especially quality education, so this is a very important aspect of our lives and that is why setting up a Nursery and Primary school business is one of the most lucrative business in the country.
Setting up your own private nursery and primary school is very much possible and anyone can do, if you have the resources and requirement you will be allowed by the state government to operate your own private institution.
Most parents in Nigeria do not enroll their children in government/public schools anymore, they prefer to enroll their child in a private school where they believe more care and attention will be given to the child. It is generally believed that the standard of schools owned and managed by private individuals is far higher than schools owned by the government.
Also most people believe that when ones child goes to public school it is as an evidence of poverty, this is also part of the reason every parent in the country thrive to make sure their children goes to private schools and all of this make nursery and primary school is good business to venture into.
Starting a private Nursery & Primary School in Nigeria is a big deal, and for that reason we have outlined a well detailed Nursery & Primary School business plan containing all the requirements for starting a private school in Nigeria. We also took it further by analyzing and drafting a sample private school marketing plan template backed up by actionable steps for opening private Nursery & Primary School in Nigeria. So let’s proceed to the Nursery & Primary School Business plan section.
Did you know that 43% of the earnings of every family go to the payment of school fees at different levels and carders, this is due to the fact that every parent wants their children to be educated and amount to someone in life and as such every parent and intending parents are constantly looking forward to when their children goes to school and come home with good grades. For entrepreneurs opening a Nursery and primary school, this is one very lucrative business that will continue to pump in money for its owners provided you can properly manage and grow your nursery and primary school business.
The basic foundation of every child’s education is firstly the nursery and primary school which help to shape the child’s mind. There is a saying that if this foundation is faulty, it will be difficult to correct in later education.
The increase in awareness of the importance of education and high birth rates in Nigeria has made Nursery and Primary School business very profitable.
Gone are the days when a single Government or missionary school could contain all the pupils in a location, However, in recent times it is no longer so, as there is need for more schools, more especially privately owned. Moreover there’s this consensus that a school owned and managed by private individuals tends to provide higher standards of education when compared to government owned primary and nursery school.
I know of a lady who became a millionaires through her Nursery and Primary schools business in Nigeria. In capital cites like Lagos, Abuja, Enugu, Portharcourt, and Benin-city, the school fees for an average pupil in the in Nursery or student in a Primary schools ranges from as much as thirty thousand naira (₦30,000) to five hundred thousand naira (₦ 500,000) per term. If for example in your school, you charge ten thousand naira (₦10,000) per term and you have two hundred pupils, you will be getting as fees two million naira (₦2,000,000) and of course running the school for a term will not cost as much as a million naira (₦1,000,000). but at the end of every term you will still be racking in mega cash so investing in private nursery and primary school business in Nigeria is a lucrative which can guarantee profitable returns? If you are ready to start a private school in Nigeria?
Starting A Private Nursery and Primary School in Nigeria: Requirements And Feasibility Study
Write a business plan
As the saying goes ” if you fail to plan then you inadvertently plan to fail” setting up a nursery and primary in Nigeria requires proper planing and execution, It would be wise to do a feasibility study and write a business plan. Getting a nursery and primary school business plan in Nigeria will help you to put the following factors into consideration:
How much money would be required to set up a standard Nursery and Primary school in Nigeria
Where do you want to site your school?
Are you going to rent an apartment or buy land and build?
Who are your competitors in your chosen area?
What is your unique selling point?
Who are your targeted audience? Low, middle or upper class?
How much do you intend to charge for tuition?
How many academic and non-academic staff do you need?
Licensing of your School and Registration of Business name in Nigeria
Let our professional Business plan writer in Nigeria give you the best Feasibility study on How to setup a standard Nursery/primary school in Nigeria. To place order for our nursery and primary school business plan pdf, pay the sum of N10, 000 to the bank account below:
GTBank (Guaranty Trust Bank)
Account Name – Uwadia Eyemeka
Account No – 0127561472
After payment text your name, your e-mail address to 07036785443 and you’ll receive your NURSERY AND PRIMARY SCHOOL BUSINESS PLAN
Land in a Good Location
Depending on your budget, if you can afford to get a land where your Primary school will be located then that a good one, But i must advise against buying lands located in isolated areas, industrial area or close to a market.This is because parents hardly patronize schools in such areas. Lands in accessible locations are most preferred by parents for easy pick up of their children and ward
Erecting a School Building
After acquiring a land suitable for the erection of your Primary/ Nursery, you should also conduct due diligence and survey of the requirements of the ministry of education. This is very important as failure to follow such requirements set out by the Ministry of education could result in the school being shut down.
The amount which will be spent on building of the school building is dependent on the size and quality of the building but Nursery and Primary school classrooms should not be small and jam-packed . Its important to erect on a good structure, this is because your Nursery/Primary school marketing starts from there.
Equip Your Classrooms
A classroom should be well equipped with chairs and tables and also with toys, computers and other learning aids. Parents will gladly pay more when they see that the environment where the children a been taught is properly equipped. Also large screen TV should be in all classrooms, not to play movies but for playing educational videos and sometimes cartoons depending on the ages of the children in the classroom.
Employ Qualified Teachers
As a proprietor of a nursery and primary school, a formal qualification may not be required. However as a manager of a school, it is important to have a minimum of NCE and experience in educational administration.
Teachers employed in your school must hold at least an NCE, and have experience in childcare education. Your teachers must also be passionate about children.
Register and Kick Off
The Final step you should take before kicking off your Primary and Nursery school business in Nigeria would be to get your business incorporated with the Corporate Affairs Commission. You can register your school as a sole proprietorship, a partnership or a company depending on your choice and also if there are other investors.
Nursery and Primary School Business Plan TABLE OF CONTENT
Executive Summary 3
Business Description 9
Products and services 9
Competitive Advantage 12
Market Research 15
Competitor Analysis 15
Sales and Marketing Plan 16
Operational Plan 17
Business Risk 20
Management and Structure 20
Financial Plan and Projections 21
To get the Full NURSERY AND PRIMARY SCHOOL BUSINESS PLAN IN NIGERIA. which contain the full finical analysis and marketing strategy place an order, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Uwadia Eyemeka
Account No – 0127561472
After payment text your name, your e-mail address and bank teller number to 07036785443 and you’ll receive your Nursery and Primary School Business Plan in Nigeria.
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