eFiling Portal Team Thursday, December 22, 2015
Wish to start a Pre-School in India? Here is how to go for it.
First of all a big congratulations on the decision. Opening a Pre-School is a great idea. It is interesting, fun, hassle free, and is a great source of income these days. However there are certain formalities to be completed before you can open your services. Also the most important thing to be done is research. Research is important because there may be certain odds you must consider before diving into the business. Also the location, premises, environment etc matter a lot. For e.g. the criterion of opening a pre-School in metro cities and that in minor cities varies. All the key points that you need to keep in mind while planning for opening your Pre-School are enlisted in this article.
In India we have options of opening a Pre-School as a for-profit or not-for-profit organisation. If you wish to earn out of this business, incorporating a private limited company or a Limited Liability Partnership is recommended . If you wish to start the Pre-School for philanthropic purpose as a not-for-profit enterprise, in that case a Section 8 Company or a Trust can be registered.
1) What kind of school is it going to be? Will it be a Day care school or a preschool or a crèche? The answer further determines the kind of infrastructure you must buy.
2) The number of children your school can take.
3) Arrangement and Management of the teaching staff, admin and support staff.
4) One very important thing to be determined is the amount of funds required, it's source and allocation for various purposes like infrastructure, vehicles, salaries etc.
5) You also need to research about good location for this kind of business to flourish. Also nice premises will be required with sufficient indoor and outdoor area.
Various registrations need to be applied for and attained along with licenses that are to be acquired in order to commence your business. Acts made by government like “Private School Education Acts” regulate the operations of a school. Therefore, it is important for you to be aware about the prevalent Education Act(s), in order obtain the relevant registrations.
Arrangement of funds is an inevitable requirement. It is the basis of your business. Funds have to be arranged beforehand with regards the size of your business. Various banks provide loans very easily in order to establish a Pre-School. However it must be noted that banks provide loans for building, interior, furniture etc, they do not fund operational expenditure like salaries, maintenance, rent, bills, etc.
If you need further information or help regarding starting your Pre-School, visit eFilingPortal.in
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