It may involve approaches to cutting costs, assessing a new business location, or developing a new technological system. The feasibility report assesses the supporting data and reasoning of each plan and provides a recommendation of which plan to implement. Economic Feasibility An economic feasibility study reports on the cost factors of a proposed plan to an organization.
Okay, so we have considered business plan feasibility study sample the requirements for starting a private tutoring business. Why Start a Private Tutorial Business?
Business plan feasibility study sample parents who have wards in schools are willing to go the extra mile to ensure that their wards are sound academically- hence the need for extra coaching — private tutorial services.
The demand for private tutorial services is driven by the fact that most schools cannot meet the educational criteria for all the students, and also the need to ensure that students meet up with educational standards nationally and internationally as well as get their grades up, this is where the private tutorial services come in.
If you are sure that this type of business is what you truly want to do after you must have conducted your market research and feasibility studies, then the next step to follow is to write a good business plan. Below is a sample private tutorial services company business plan template that will help you successfully launch your own business; A Sample Private Tutoring Business Plan Template Industry Overview Tutoring is a craft that is as old as man, from when man passed on the knowledge acquired from making fire, preserving cultures, to modern day classroom learning.
Tutoring can be informal from parents to children or formal from an instructor to others and can happen in any setting, the homes, offices, and schools. Apart from academics, there is skilled based tutoring- this is where an individual or a group is tutored on skills such as dance, singing, and sports and so on.
This guide will focus on school-based tutoring. Private tutoring has become so popular due to the fact that both parents now work, having little or no time to tutor their children, as against previously where only one worked and the other helped tutor the child.
Due to this fact, there has been a tremendous demand for private tutors therefore creating a thriving tutoring industry. Most tutors are freelancers, making this industry a good one for entrepreneurs to set up. Entrepreneurs who want to set up a tutorial school do not need to be professional teachers, but have to know where to source for clients in this case students, and how to give them a quality service so much so that they become a source of reference in bringing other clients.
Tutors are people employed to educate others, either individually, in small groups or in a large group. The key attributes needed to be able to start a private tutorial services are patience, enthusiasm, passion about the specific subjects to be tutored, and constant positivity.
Also needed are planning, preparation, and certain other organizational skills. Entrepreneurs who want to open or start a private tutorial service — either online, private, or a large school — will have to know the requirements needed — either for the school itself, or the tutors that would need to be employed — by the locality, city, state, and association or trade body where they intend to operate from.
In California alone in the United States, there are over 34, registered tutors. The incentives in venturing into or starting a tutorial school are having an impact on students who are struggling academically, or students who want their grades to remain up.
Another thing is the available market for tutors either home based tutors, online tutors, or large tutorial schools. We standard private tutorial services providers that are set to handle all high school related subjects for both teenagers and adults who would want to enroll for adult education.
We will engage in home tutors — we will go to the homes of our students as demanded by their parents. We will offer standard and professional teaching services to all to our students high school students and those that enroll in adult education classes.
We will ensure that we hire professional teachers in various subjects who are well experienced and passionate in imparting knowledge to students at various learning ladder.
We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our students.
Our overall business goal is to position our private tutorial services to become the leading private tutorial brand in the educational industry in the whole of Los Angeles — California, and also to be amongst the top 10 private tutorial services business in the United States of America within the first 5 years of operations.
This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our research and feasibility studies and we are enthusiastic and confident that Los Angeles — California is the right place to launch our private tutorial services business.
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All the members of the team can comfortably boast of having a solid education background and have worked with various students at different level of learning. All the founding members have equal stake in the business and they will be actively involved in running the private tutorial services business.
Poultry / Chicken Farming Business Plan / Feasibility Study In Nigeria. THIS BUSINESS PLAN IS REGULARLY UPDATED AND CAN ALSO BE USED FOR BANK LOANS, GRANTS, PROPOSAL FOR COMPETITIONS ETC.. Poultry Farming Business Plan In Nigeria – Our Poultry Farming Business Plan In Nigeria Feasibility. TABLE OF CONTENTS OF Poultry Farming Business Plan In Nigeria. c. Feasibility study will help you identify the flaws, business challenges, strengths, weaknesses, opportunities, threats and unforeseen circumstances that might affect the success and sustainability of the business venture. Should you prepare a feasibility study report or a business plan? This is a question that is always asked by thousands of people daily. They want to prepare either of the two but classify both as the same without understanding the clear distinction between a feasibility study report and a business plan.
Our intention of starting our private tutorial services is to soundly educate people in various subjects and of course to make profits from the education industry and we will do all that is permitted by the law in the US to achieve our aim and business goal.
Our service offerings are listed below; Offering Home tutor services teaching various subjects to students at different learning levels Retailing of educational books and materials Our Vision Statement Our vision is to build a highly competitive private tutorial services business that will become the number one choice for both parents and students in the whole of Los Angeles.
Our vision reflects our values: Our Mission Statement Our mission is to provide professional home tutorial services to students.A formal business proposal is a document needed to submit if you are offering a product or services to a prospective client.
These services or products should have benefits such as it should be profitable and helping to solve an specific problem. Overview. The Business Research and Innovation Initiative (BRII) Pilot Round 2 program provides small to medium sized enterprises (SMEs) with grant funding to develop innovative solutions for government policy and service delivery challenges.
A construction business plan can provide the owner-manager or prospective owner-manager of a small construction firm with a pathway to profit.
A lot of people in Nigeria, Africa, and several other places around the world who want a business proposal mistake it for a feasibility study report and many others who want a feasibility study report refer to it as a business proposal; all simply because it will be submitted to someone.
Should you prepare a feasibility study report or a business plan? This is a question that is always asked by thousands of people daily.
They want to prepare either of the two but classify both as the same without understanding the clear distinction between a feasibility study report and a business plan.
How To Write A Business Plan – Sample Template In Nigeria. Meaning of a Business Plan. There are several definitions of a business plan as there are several scholars in entrepreneurship.
For instance, Holt () defined a business plan as a comprehensive set of guidelines for a new venture. how to create a business plan.