Free Nursery & Primary School Business Plan Template PDF | How to Start a nursery and primary school in your area (Nigeria) because it is a big business. The very first priority of many parents is to send their children to school to acquire knowledge from infancy. It has been recorded that school fees for these little kids now take more than 22% of what parents work for depending on the size of the family and children they have given birth to.
Private Nursery and Primary school in Abuja, Lagos, Portharcourt and every part of Nigeria has become more profitable these days than ever before due to the number of children that are recorded in birth rate each day. Due to this increase in the number birth rate in the population yearly — it is now necessary that more Nursery and Primary schools is now required to take care of these children, and children yet to be born.
In the olden days, only one public (government) or missionary owned primary school in a village or city was enough to take care of these kids entire local government area. Due to the high quality education available in public schools back then, private nursery and primary schools was not needed. But these days, that quality is gone and the story has changed. No matter how big and equipped a single primary or nursery school is in a village or community, it will never be able to cater for the entire children in that village or community, most especially in urban cities like Enugu, Imo, Kano, Lagos, Delta, Abuja, Akwa Ibom.
Free Nursery & Primary School Business Plan Template PDF | How to Startstarting a private school in Nigeria
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We all can testify that it is generally assumed that the quality of education in privately owned and managed schools are highly standard compared to that of the unequipped and sluggishly maintained government owned public schools.
In Nigeria, there is a belief that sending your children to government public schools is equally regarded as evidence of poverty in your family. Hence, all guardians and parents fight to send their children to any available private school, doesn’t matter if that one is even worse than the public school as long as it is called a ‘Private school’. These general trends has combine to make investment into nursery and primary school in Nigeria a worthwhile venture.
I bet that you on your own have seen someone who only manage to feed their families few years ago become millionaires through the local small nursery and primary school he/she started in his area with a borrowed money.
Parents can testify that the lowest creche, nursery, primary and secondary schools in areas like Imo state, Enugu, Portharcourt, Lagos and Abuja charge nothing less than N9,000 as school fees, while good ones charge from N35,000 to as much as N800,000 school fees per term (my elder brother pays exactly N81,000 for his 4 years old son per term which does not exceed four months) just to learn how to sing A.B.C.D and other related songs.
As a school owner, if you decide to charge N12,000 per term and were able to admit only 150 pupil, you will be collecting N1,800,000 (i.e. N12,000 x 150 pupils) as school fees per term and it wouldn’t take you up to nine hundred thousand Naira to setup and run this small school per term.
How to Start a Private Nursery/Primary School in Nigeria
Lets not deviate from the lessons to be learned. We have written a guidelines on how to start a private a nursery / primary school in Nigeria. Now you can see that investment in Nursery and Primary school is a worthwhile investment that has decent profit returns. If you are ready to hit the ground and get started, here are the requirements.
Step 1 - Acquire a Land in a Nice Area
Without a land, you cannot building a school. You need to purchase a land before you can erect a building. Its true that the values of landed property varies from place to place but you can get land in some developing areas of Abuja, Portharcourt, Lagos, Imo, Enugu for about N400,000 to N1,900,000. Do not attempt to purchase a land in a busy or isolated area where people hardly, no sensible parent would want to patronize you in such area for security reasons.
The rate of kidnapping in Nigeria has increased so the risk involved in child’s movement has increased also; parent will prefer a school that is within their home or office, and for easy pick up of their children during school run.
A 100 by 100 plot of land is what you need to be able to accommodate the school building and playground.
For people who doesn't have much capital, it is recommended that you go for rented apartment — if you do not have enough money to buy land and build your own house, rent an apartment, use it to raise money to build later
Step 2 - Setting up Your School Building
Now you need to build your school classrooms and admin block. The price of building usually depends on the size and quality of the building you intends to construct. Your Engineer will be able to put you through in this, seat down with him/her to discuss it appropriately.
As the school proprietor, you must insist on durable structure because, your marketing starts from the building. The classrooms should be spacious, at least 3.6m square per child under the age of two, at least 2.6m square per child aged two or at least 2.5m square per child aged three to seven.
Reports from the Ministry of education reveals that most Nursery and Primary school classrooms used to small and usually jam-packed. As a beginner, your own should not be like that at all. The classroom is also a criteria to get parents to enroll their wards to your school .Water is very crucial requirement and you need plenty of it in your school since you will be dealing with kids that stools and passes urine all the time, sink a clean borehole that will supply you water at all time.
Step 3 - Equip Your Classrooms
Apart from the normal chairs and tables (which you can get Carpenters to do for you at a very reduced price) you also need to equip your classrooms with computer and other learning aids, parents will be happier to pay when they see that your classes are properly equipped.
You need plenty of toys and other gadgets that is used for children’s education and Montessori. You need video and large screen TV in all the classrooms, not to play movies but for playing educational videos and sometimes, cartoon depending on the the class and the children’s age.
Buy a school bus if you intend to offer pick and drop which almost compulsory for every school since most parents would demand for it. A nice Tokunbo bus goes for about N600,000. Get a decent bus that will speak well of your school, and avoid jam-packing children in a bus.
If one bus isn’t enough buy two, parents are paying you extra for the service, give them the best they deserve. Besides, it’s irritating seeing children packed up in a bus that is not fit for transporting animals let alone human being.
Step 4 - Recruit an Experienced and Qualified Teachers
If you are just the proprietor of the nursery and primary school, you do not need any formal qualifications but if you are going to be the school manager you need the minimum of NCE and experience in educational administration
Your Teachers should have minimum of NCE and experience in childcare education or play-work. Teachers who are passionate about children are preferred.
Step 5 - Register Your School And Kickoff
The final step is to start off, but before then, you have to be registered. Like every other businesses, you need to register your school as a sole proprietorship or depending on what you want if there are investors. Approach the Corporate Affair Commission (CAC) of Nigeria to register your name, you may need Our Service in this regard. You should also do the same thing in the Ministry of Education.
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For school to be fully recognized it must be registered and approved by the educational bodies. We may help in the registration if you so wish.
As well we have full details on how to start institutions of higher learning (Private Polytechnics, College of education, University, Entrepreneurship Institution/Skills acquisition centers in Nigeria) - Click Here to Contact Us for Help