How sustainable is your school? This article is written with small to medium-sized schools in mind. Larger schools can plan and use professional resources of all kinds to ensure their sustainability for the future. On the other hand, small schools typically have limited resources, to begin with. So with this in mind, I want to look at three aspects of how your school runs and offer some suggestions as to how we can ensure it will run for many years to come. In other words, let's ensure that your school is sustainable and will continue to be sustainable for many more years.
We are going to look at two types of day schools: for-profit schools and not-for-profit schools. A large number of primary schools are what we would describe as for-profit schools. These are the kinds of schools that a well-intentioned, visionary educator has established because she believes in a certain teaching style and wants to reach a certain clientele in her local area. I use the description of well-intentioned advisedly because many of these wonderful people have great pedagogical ideas but lack the business experience to make their school an ongoing reality. Here are some practical steps that the owner of a small primary school should take to ensure that her school stays viable.
Develop a business plan.
When you started your school, you knew that it was not enough to think that you could budget for, say, 50 students and charge tuition at the market rate,