 Prediction is very difficult, especially about the future
If you're planning to start a new school or expand you
 r established school with additional grades
or program, it's critical that you complete the due diligence necessary to
formalize your educational-operational-management-finance model and accurately
assess whether there is sustainable demand for the program or school you're
envisioning. Within this process you need to quantify the costs associated
with starting and operating your school or program to a break-even point, and
the value it will return to your founders and/or investors. If you plan on opening a new school or program, you need to ensure that you've done your homework to ensure that your school model is sustainable. Once you launch your school, there's no turning back. Too many times we've seen founders rush out to lease a site or purchase land before they know if the model will work at a fee range the market will bear. In other cases, an established junior school is receiving requests from parents to expand their program to a high school. However, there's considerable risk in developing a new school without knowing if the program is sustainable or if it puts the board and school at too much risk.
Market-Feasibility Study And Business Plan
HEG's process focuses on
formalizing your school's educational / operational / business / financial
model, determining the feasibility of success in your market, enrollment
projections, start-up capital requirements, five-year operational budget,
internal rate of return (if required), facility/site requirements, and
conveyance of the proposition to your investment and/or founding group.
The
rationale behind completing the Market Study and Business Plan first is to
consolidate the scope of your formation project through an extensive business
case analysis, formalizing the educational, operational, and
business/financing framework, quantifying HR needs, facility/land
requirements, enrollment, capital requirements, break-even point, pay-down to
investors (if required), internal rate of return, and net profits. Upon
conclusion of the Study, HEG can be a better position to assess your
project's feasibility, optimal model for development and operation, site, and
pre-operation milestones.
Our Study formalizes the scope
of your project through our extensive on-site analysis, market review, and
identification of critical elements and financing costs associated with
development. Upon conclusion of the Study, HEG can assess the project's
viability and provide the Client with a concise 'blueprint' to guide your
group at each stage of development. As they say, you never get a 2nd chance
to make a 1st impression.
HEG's Recent Projects
Next Step
HEG is recognized as the global
leader in the development of market~feasibility studies and business plans
for private school development. We've completed over 100 studies
and business plans for the establishment of new schools, expansion of
existing private schools, and transformation of schools into private schools
globally. We've experience with projects of over $250 million in new cities to
smaller non-profit schools in North America. We've worked with for-profit and
non-profit clients in North America, Asia, Europe, Middle East, and Africa.
If you would like to find out
more about HEG's services, please contact our firm directly by sending an email
to info@halladayeducationgroup.com
or calling HEG at +1-604-868-0002.
To your success,
Douglas Halladay
President
Halladay Education Group
P.S. Don't forget to go to our
secure Online
Store to invest in our Strategic
Planning or Start-A-School
Toolkits.They're affordable and practical.
   |
Friday, May 3, 2013
Market-Feasibility & Business Plan For a New a Private School
Tuesday, April 30, 2013
Private School Strategic Planning 101 - A Guide To School Success
Strategic planning, when done right, does not have to be frustrating, unproductive, costly, or divert the
energies of your school's
leadership. If done properly, the process will stimulate support in your
community and focus resources for continued development and provide a clear
competitive advantage aligned with your mission. The purpose of your strategic
plan is to lay out a concise and practical road map to achieve your mission and
vision -- moving away from being "reactive" -- solving today's
problems -- towards being "proactive" - eliminating problems in the
future and taking advantage of opportunities now. Your plan should provide a framework that enables your school to focus and coordinate your resources, work towards common goals, assess and adjust as you move forward, and focus your board's priorities, guide your staff, and inspire your community. The planning process addresses a series of questions that examine assumptions, incorporates information about the present, and anticipates the world in which the school will be working in, determines how you will get there, and allows you to measure and adjust and you attain your vision.
Value To Your Board
A school is most effective when
the resources of your organization are aligned by a common vision, mission,
strategies, goals, and action plans. Simply operating your school by calendar
or crisis is not acceptable. You want your organization to move from being
reactive to being proactive; rather than responding to unexpected changes, you
want to anticipate and plan for them.
HEG's planning approach provides
a practical model for mission-based leadership. Our step-by-step seamless
process provides concrete objectives and deliverables that can be implemented
and measured to dramatically improve the performance of your school, moving you
from good to great. It allows you to accurately gauge the progress of your plan
and school performance, as well as linking your governance model to the annual
operational plan. Very simply, it's the process by which your board envisions
your future, identifies a picture of the future based on current data, and
controls forces that affect you from attaining your vision, making adjustments
as you move forward. This allows your school to:
- Identify areas of operation needing consideration now and using it as a springboard to strengthen performance in the future;
- Identify and reach consensus on issues before they become a crisis (e.g., finance, funding, enrollment, marketing, HR, academic programs, student performance, facilities, educational program, governance);
- Articulate a uniform, shared vision, providing a clearer focus, producing efficiency, participation, and ownership by your stakeholders;
- Allocate resources to opportunities and improve finances and projections;
- Build trust, respect, team-work, and communication amongst all stakeholders;
- Create a framework to guide decision making and ensure that members are working towards the same goals, even if the environment around the school changes;
- Gain credibility and identify critical projects to focus your resources;
- Inspire your community to invest in your goals through focused fundraising campaigns;
- Ensure that board members understand their roles, responsibilities, and board-wide priorities within their committee structure; and
- Monitor performance and provide benchmarks from which progress can be measured within your board and senior administration.
Fitting The Pieces Into Your Governance
Model
The diagram below clarifies how
the pieces come together to develop, implement, and monitor your plan. You can
see that your five-year planing document should be used annually by your board
to determine your yearly priorities and your senior administration to
break-down how they plan to measurably implement the priorities, encompassed within
their own evaluation process. This puts all key players on the same page.
Planning Approach
HEG's planning approach supports
your board and senior administration in the development and implementation of
your plan. Our approach typically encompasses a progression of stages over a
five to seven month time frame with the development of the strategic plan and
action plan for implementation in the coming school year. This is achieved
through the following steps that are customized foryour school:
Our approach results in both the
"compass" and "road map" to support your board in the
development and implementation of a measurable plan to focus school improvement
- maximizing your school's educational, operational, governance, and financial
performance while linking priorities of the board with Senior Administration's
Operational Plan.
Provided here is a link to a recent strategic plan HEG was engaged
to develop. Click on the link to open a downloadable copy of their strategic
plan for Forest
Lake Education Center Strategic Plan. HEG's President has been involved in
the development of a variety of strategic plans for a number of schools types
(International, US, Canadian, IBO, Faith-Based, Public) globally.
Next Step
If you would like to find out more about how we can help
your board to develop your school's strategic plan or advise on the review and
implementation of your current plan, please contact HEG to find out more by
sending an email to info@halladayeducationgroup.com
or calling directly at +1-604-868-0002.
To your success,
Douglas Halladay
President
Halladay Education Group
P: +1-604-868-0002 | E: info@halladayeducationgroup.com
4316 Arthur Drive, Delta, BC,
Canada, V4K 2W8
P.S. Don't forget to go to our
secure Online Store to invest
in our Strategic Planning or Start-A-School
Toolkits. They're affordable and practical.
.
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