School can be defined as institution which is made for the instruction of children or people under college age.
An institution for instruction in a skill or business: a secretarial school or a karate school.
What is private school and what makes it private?
Private
school in this context is where teaching and learning takes place and
the management of such school is managed by people outside government
circle. This can take place in a public building like a hall or a
private owned building. It is private because it is owned and managed by
an individual owner. Formerly schools are owned by government and
religious organizations. Schools which are owned by the government is
known and called government schools, as those owned by churches or
religious groups are known and called missionary school. While those
privately owned by individuals are called private schools.
The
number one priority of every parent is to send their child or children
to school to acquire knowledge from infant, and school fees for these
children may take more than fifty (50%) percent of what parents are
working for, depending on the number of children they have.
Nursery
and Primary school business in Nigeria has become more profitable these
days than ever before due to the number of children that are given
birth to every day. With such increase in the number of children given
birth to yearly — comes the need for more Nursery and Primary schools
that will cater for them, and the need for even more will continue over
time.
In those days, a single government or
missionary owned primary school in a community would be enough to cater
for the children of the entire community or communities beyond. Then,
there was no need for private nursery and primary schools. Today, the
story has changed — no single primary or nursery school would be able to
take care of the entire kids in a community, especially in urban places
like Lagos and Abuja.
It has also become the
general perception that the standard of education in privately owned and
managed schools are higher compared to that of the ill-equipped and
badly maintained government owned schools.
Sending
children to public schools is equally regarded as evidence of being
poor or poverty. Therefore, every parent struggle to send their children
to any available private school and it does not matter if that one is
even worse than the public school as long as it is called a ‘Private
school’. These general trends have combine to make investment into
nursery and primary school a worthwhile investment.
I
have seen someone who only manage to feed few years ago become a
millionaire through the small nursery and primary school he borrowed
money to start.
Some of the lowest nursery and
primary schools in areas like Abuja and Lagos charge more than N7,000 as
school fees, while good ones charge from N30,000 to as much as N500,000
school fees per term (I pay N75,000 for my 3years old daughter per
term) just to learn A.B.C
Imagine a school
charge N10,000 per term and you have 200 pupil, the amount you’ll be
getting from school fees is 10,000 x 200 = 2,000,000 Naira Two million
naira) per term and it would not take more than a million Naira to run
such school every term.
Now you can see that
investment in Private Nursery and Primary school is a worthwhile
investment that has decent profit returns. If you are ready to hit the
ground and get started, there are the requirements:
Land/building in a good Area
Prices
of landed property varies from place to place but you can get land in
some developing areas of Abuja and Lagos for about N600,000 to
N2,000,000. Do not opt to buy in isolated area where people are not
living, no parent would want to patronize you in such area.
Due
the inherent risk involved in child’s movement, parent will prefer a
school that is within their home, for easy pick up of their children.
Minimum plot of land is what you need to be able to accommodate the school building and playground.
Note:
Some people go for rented apartment — if you do not have enough money
to buy land and build your own house, rent an apartment, and use it to
raise money to build later
Erect your building
The
cost of building depends on the size and quality of the building you
want to construct. Your En gineer will be able to put you through all
these, sit down with him to discuss it properly.
Insist on good structure because, your marketing starts from there. The classrooms should be spacious at least.
Most
Nursery and Primary school class rooms are used to small and jam-packed
environment. Yours should not be like that. Water is very essential and
you need plenty of it in your school, get borehole that will supply you
water at all times.
Equip your Classrooms
Apart
from the normal chairs and tables (which you can get Carpenters to do
for you at a very good price) you also need to equip your classrooms
with other learning aids, parents will be happier to pay when they see
that your classes are properly equipped.
You
need plenty of materials that are used for children’s education and
Montessori. You need markers and large boards in all the classrooms,
depending on the class and the children’s age.
Employ qualified Teachers
If
you are 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 Barchelor Degree and experience in
Management.
Your Teachers should have minimum
of B.Sc and experience in teaching or play-work. Teachers who are jovial
about children are preferred.
Register your School and Kickoff
Like every other businesses, you need to register your school as a company depending on what you want.
Approach the appropriate office to register your institution.
Once you have put all these in place, the next thing is to advertise your school/institution and get down to business.
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