Q:

What are some tips for someone just starting a private school?

A:

Quick Answer

To start a private school, determine the legal structure the school will take, go over the state requirements for private schools, and decide whether to seek accreditation or not. Additionally, consider the curriculum to use, the source of funding, the level of expertise of the faculty, and the facilities that the school needs.

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Full Answer

Among other legal entities, a private school could be a sole proprietorship, a limited liability company, a corporation or a non-profit institution. Review the laws and policies set by the state and local governments to understand how they might affect the process of opening and operating the school. Review and select a curriculum from the options available to private schools. Consult professional real estate agents to determine the facilities available in the selected location.

Consider the student ages on which to focus during enrollment, the learning environment the school provides, the tuition fees structure and the desired teacher standards. Planning should begin at least three years before opening to allow time to assess the market, file incorporation papers and employ personnel. While planning, form a steering committee that includes parents with legal, management and financial expertise to develop objectives, budgets and a vision. Share the vision of the school, and use fair remuneration schemes to attract a skilled faculty.

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