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How to Start Your Own Educational Learning Center by Luke Arthur, Demand Media
According to Business Wire, the private learning and tutoring market is experiencing rapid growth; it's on pace to become a $100 billion industry by 2017. Starting an educational learning center allows you to get involved with a business trend that is headed in the right direction. Starting an educational learning center also gives you the chance to make a difference in the lives of children every day. Before opening an educational learning center, several steps must be completed.
Step 1
Create a business plan for your educational learning center. As part of the business plan, include information about whether you plan on buying into a franchise or starting your own independent business. Evaluate the competition and create some financial projections for your business as well.
Step 2
Get the funding you need for your educational learning business. For this process, pursue funding from investors or by getting a loan from a commercial lender. When working with a lender, the money must be paid back at some point. If you bring on investors, your future profits must be shared. Both investors and lenders require a copy of your business plan before they will think about giving you the money you need.
Related Reading: Everything You Need to Start a Day Care CenterStep 3
Find a location for your educational learning center. Find a location that is convenient for parents to drop off their children. For example, locate your center relatively close to a school or a residential area. Get a building that has rooms for several classes, a computer area and possibly a play area.
Step 4
Hire teachers or tutors for your business. Hire individuals who have been certified by the National Tutoring Association. This helps lend your institution some credibility with parents.
Step 5
Buy the equipment needed for your educational learning center. This includes books, computers, desks, chairs,
According to Business Wire, the private learning and tutoring market is experiencing rapid growth; it's on pace to become a $100 billion industry by 2017. Starting an educational learning center allows you to get involved with a business trend that is headed in the right direction. Starting an educational learning center also gives you the chance to make a difference in the lives of children every day. Before opening an educational learning center, several steps must be completed.
Step 1
Create a business plan for your educational learning center. As part of the business plan, include information about whether you plan on buying into a franchise or starting your own independent business. Evaluate the competition and create some financial projections for your business as well.
Step 2
Get the funding you need for your educational learning business. For this process, pursue funding from investors or by getting a loan from a commercial lender. When working with a lender, the money must be paid back at some point. If you bring on investors, your future profits must be shared. Both investors and lenders require a copy of your business plan before they will think about giving you the money you need.
Related Reading: Everything You Need to Start a Day Care CenterStep 3
Find a location for your educational learning center. Find a location that is convenient for parents to drop off their children. For example, locate your center relatively close to a school or a residential area. Get a building that has rooms for several classes, a computer area and possibly a play area.
Step 4
Hire teachers or tutors for your business. Hire individuals who have been certified by the National Tutoring Association. This helps lend your institution some credibility with parents.
Step 5
Buy the equipment needed for your educational learning center. This includes books, computers, desks, chairs,