Reply to Ideas please: Opening a new Private in upper MoCo

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Just because you see a need to be filled doesn’t meant there is anything close to a business model to sustain it. Strongly recommend you hire someone who understands the complex financials required not just to start a school but to navigate rough economic times. have seen this movie many times. Parents think they understand how schools work but have completely distorted lens on what’s required. Remember as parents you are really just customers. [/quote]

For that reason, I suggested the micro school route above.  The bar for entry is significantly lower and you can build the car as you test drive it.

If we heeded consultants advice, nothing new would ever be done/invented/improved.  If you are going to do it for your own kid, no matter what- you lose nothing by expanding to a wider net.  Innovations in education are huge right now.  I also suggest listening to Kerry McDonald’s “LiberatED” podcast.  She interviews founders in every episode.  [/quote]

Depends very much how much capital you have up front and how much you are willing to burn through aiming for a break-even point. A school needs premises, equipment, and staff for teaching and admin.  There is a number you can figure for minimum costs well into six figures (plus a contingency on top of that).

If  your number is $300K and you can get 15 students paying $20K each, it can work.  The upside is that you can easily wind down a school after a year (provided your lease has an out).

Sycamore School was founded exactly like that with a small student group that grew later.[/quote]

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