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Did you find what you are looking for.

Thinking of starting a school or a coaching business? Or is it about vocational school?

Well, no matter what’s your business segment in the education and training sector—you need a solid business plan to turn it into a long-term success.

This library of education and training business plan samples here can inspire and guide you as you begin to plan your business. So, don’t worry; we got you covered on that part.

Let’s learn more about these sample training and education plans, starting with their benefits.

Benefits of using an industry-specific business plan example

Believe it or not, using an industry-specific business plan example is the best and probably the quickest way of writing a business plan.

Doubt it? Hold, this may change your perception; an extended list of the benefits of using an industry-specific business plan template.

  • Inspiration : Reading a business-specific template can be incredibly helpful in getting content inspiration. Furthermore, it helps you gain insights into how to present your business idea, products, vision, and mission.
  • Risk-free method : You are taking a reference from a real-life, let’s say, After-school program business plan—so you know this plan has worked in the past or uses a method subscribed by experts.
  • Deep market understanding : Analyzing and reading such examples can provide clarity and develop a deeper market understanding of complex industry trends and issues you may not know but relate directly to the realities of your business landscape.
  • Increased credibility : A business plan developed using an example follows a standard business plan format, wisely presents your business, and provides invaluable insights into your business. There’s no question it establishes you as a credible business owner, demonstrating your deep business and market understanding.
  • Realistic financial projections : Financial forecasting being a critical aspect of your plan, this real-life example can help you better understand how they project their financials—ultimately helping you set realistic projections for your business.

These were the benefits; let’s briefly discuss choosing an education or training business plan template that best suits your business niche.

Choosing an Education or Training Business Plan

This category has business plan templates for various education or tutoring businesses. With many similar business types and templates, you may not find the most suitable one through manual scrolling.

Here are the steps to consider while choosing the most suitable business plan template.

Identify your business type

Are you going to be an online coaching platform? Or a traditional school? Or a general daycare center?

Asking yourself these questions will help you identify your business type, which will help in choosing a niche-specific business plan template.

Once you identify your business type, you can choose between templates for different business segments.

Search for the template

We have an in-built search feature, so you can easily search for a business-specific template using your business name as a key term(e.g., summer camp business plan). Once you have the search results, choose the most suitable one. Simple as that.

Review the example

Look closely at the content of the sample business plan you are considering. Analyze its sections and components to identify relevant as well as unnecessary areas.

Since all the Upmetrics templates are tailored to specific business needs, there won’t be many fundamental customizations. However, a hybrid business model targeting multiple customer segments may require adjustments.

No big deal—you can view and copy sections from other business plan examples or write using AI while customizing a template.

That’s how you find and select the most suitable business plan for educational services. Still haven’t found the perfect business plan example? Here’s the next step for you.

Explore 400+ business plan examples

Discover Upmetrics’ library of 400+ sample business plans to help you write your business plan. Upmetrics is a modern and intuitive business planning app that streamlines business planning with its free templates and AI-powered features. So what are you waiting for? Download your example and draft a perfect business plan.

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Home » Sample Business Plans » Education

How to Write an Education Consulting Business Plan [Sample Template]

Are you about starting an education consulting firm? If YES, here is a complete sample education consulting firm business plan template & feasibility report you can use for FREE . If you are an educationist or someone who has background in education matters, and you intend starting your business, then you should consider starting your own education consulting firm.

There are many would – be international students and students aspiring to go to colleges / universities who are trapped simply because they don’t know who to talk to when they have challenges with testing and educational related issues that is why it is important to set up your own education consulting firm.

Why Start an Education Consulting Firm?

Being an educational consultant means that you will help your clients handle all their educational concerns, help to gain admission to colleges or universities of their choice. You can also help your clients (international students) obtain work permits in their new country of residence / studies.

Starting an education consulting firm is not too expensive except for the money required to rent and furnish an office space. Running this type of business requires that you should be trained as an educationist and it is indeed a very lucrative business in the United States, Canada, Australia and The United Kingdom simply because of the inflow of international students from different parts of the world.

If you are truly convinced that starting an education consulting firm is the right business for you to do, then you need to write your own business plan. Below is a sample education consulting firm business plan template that will help you successfully write yours with little or no stress;

A Sample Education Consulting Firm Business Plan Template

1. industry overview.

Establishments in the Testing & Educational Support industry that education consulting belongs to primarily provide non – instructional support services for the education industries. The major segments of this industry are educational testing services and educational consultants.

It is important to state that computer software designers that develop education support software are not part of the Testing & Educational Support industry; they are part of the IT Consulting industry

If you are a close observer of the Testing & Educational Support industry, you will agree that the controversial No Child Left Behind Act in the united states has been an important driver of revenue for the Testing and Educational Support industry over the past decade.

This is due to the fact that education consultants play a prominent role in administering the assessments that ensure schools meet federal guidelines. Hence, the industry will be heavily impacted in the next half a decade by potential education reforms and fluctuations in federal funding.

Nevertheless, college enrollment will continue to expand over the period, and international student growth will continue, driven by high demand from students from Nigeria, China and India. Even though tighter state budgets will limit unnecessary expenditure, underlying demand for support services will still be sustained.

The Testing & Educational Support Industry is indeed a large industry and pretty much active in countries such as United States of America, United Kingdom, France, Germany,  Italy, Holland, Switzerland, Australia and Canada et al.

Statistics has it that in the United States of America alone, there are about 7,639 registered and licensed education consulting firm scattered all across the United States responsible for employing about 115,967 and the industry rakes in a whooping sum of $15 billion annually.

The industry is projected to grow at 3.4 percent annual growth within 2011 and 2016. It is important to state that ETS and Pearson PLC has the largest available market share in the industry.

A recent research carried out by IBISWORLD reveals that the Testing and Educational Support industry has expanded over the five years to 2016. The report stated that during this time, revenue grew at an average annual rate of 0.9 percent to $13.7 billion in 2016.

The report pointed that the Testing and Educational Support industry is composed of three main segments: educational testing providers, educational consultants and student-exchange program providers. While overall growth has been strong, these segments have experienced different levels of growth over the past five years, with educational testing services accounting for the largest share of revenue growth.

The research further revealed that the No Child Left Behind (NCLB) Act of 2001 has driven industry demand during much of the past decade. Under NCLB, which was signed into law in January 2002, states had to implement major educational changes to remain eligible for federal funding.

Lastly, one thing is certain about starting an education consulting firm, if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to secure clients because there are always individuals and even educational institutions / schools that would want to hire your services from time to time.

2. Executive Summary

Webster & Golden® Education Consulting, LLP is a registered and licensed education consulting firm that will be based in New York City – New York.

The firm will handle all aspect of education related services; services such as providing college selection services, providing educational consulting services, providing educational guidance counseling services, providing educational support services, providing educational testing services, attending school buses and facilitating student exchange programs.

We are aware that to run a standard education consulting firm can be demanding which is why we are well trained, certified and equipped to perform excellently well. Webster & Golden® Education Consulting, LLP is a client – focused and result driven education consulting firm that provides broad- based services at an affordable fee that won’t in any way put a hole in the pocket of our clients.

We will offer a standard and professional education consulting services to all to our individual clients, and corporate clients at national, and international level. We will ensure that we work hard to meet and surpass our clients’ expectations whenever they hire our services.

At Webster & Golden® Education Consulting, LLP, our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in the testing and educational support industry

Webster & Golden® Education Consulting, LLP will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. 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 clients.

Our plan is to position the business to become the leading brand in the testing and educational support industry in the whole of New York City – New York, and also to be amongst the top 20 educational consulting firms in the United States of America within the first 10 years of operations.

This might look too tall a dream but we are optimistic that this will surely be realized because we have done our research and feasibility studies and we are enthusiastic and confident that New York City – New York is the right place to launch our education consulting firm before sourcing for clients from other cities in The United States of America and throughout the globe.

Webster & Golden® Education Consulting, LLP is founded by Webster Magnus and Golden Jade, his business partner for many years. The organization will be managed by both of them since they have adequate working experience to manage such business.

Webster Magnus has well over 5 years of experience working at various capacities within the testing and educational support industry in the United States of America. Webster Magnus and Golden Jade have the required experience and qualifications to build a world class education consulting firm that can favorably compete amongst leaders in the industry.

3. Our Products and Services

Webster & Golden® Education Consulting, LLP is going to offer varieties of services within the scope of the testing and educational support industry in the United States of America. Our intention of starting our education consulting firm is to favorably compete with leading players in the testing and educational support industry both in the United States of America and in the world at large.

We are well prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition. Our business offerings are listed below;

  • Providing college selection services
  • Providing educational consulting services
  • Providing educational guidance counseling services
  • Providing educational support services
  • Providing educational testing services
  • Attending school buses
  • Facilitating student exchange programs

4. Our Mission and Vision Statement

  • Our vision is to build an educational consulting brand that will become the number one choice for both individual and corporate clients in the whole of New York City – New York.
  • Our vision reflects our values: integrity, service, excellence and teamwork.
  • Our mission is to position our education consulting firm to become the leading brands in the testing and educational support industry in the whole of New York City – New York, and also to be amongst the top 20 education consulting firms in the United States of America within the first 10 years of operations.

Our Business Structure

Normally we would have settled for two or three full – time staff members, but as part of our plan to build a standard education consulting firm in New York City – New York, we have perfected plans to get it right from the beginning which is why we are going the extra mile to ensure that we have competent, honest and hardworking employees to occupy all the available positions in our organization.

The picture of the kind of education consulting firm we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around New York City – New York.

We will ensure that we only hire people that are qualified, honest, hardworking, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more depending how fast we meet our set target. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer

Education Consultants

Admin and HR Manager

Marketing and Sales Executive

  • Customer Care Executive / Front Desk Officer

5. Job Roles and Responsibilities

Chief Executive Office:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Creates, communicates and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Responsible for providing college selection services
  • Responsible for providing educational consulting services
  • Responsible for providing educational guidance counseling services
  • Responsible for providing educational support services
  • Responsible for providing educational testing services
  • Attends to school buses as it relates to students under our care
  • Responsible for facilitating student exchange programs
  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Designs job descriptions with KPI to drive performance management for clients
  • Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Oversees the smooth running of the daily office activities.
  • Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of relevant projects.
  • Writes winning proposal documents, negotiate fees and rates in line with company policy
  • Responsible for handling business research, marker surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Documents all customer contact and information
  • Represent the organization in strategic meetings
  • Help increase sales and growth for the organization
  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • creates reports from the information concerning the financial transactions recorded by the bookkeeper
  • Prepares the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for the company
  • Serves as internal auditor for the organization

Client Service Executive / Front Desk Officer

  • Welcomes students and clients by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organization’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
  • Receives parcels / documents for the organization
  • Distributes mails in the organization
  • Handles any other duties as assigned the line manager

6. SWOT Analysis

Going by our vision, our mission and the kind of business we want to set – up, we don’t have any other option than to follow due process. Following due process involves hiring business consultant to help us conduct SWOT analysis for our business.

Webster & Golden® Education Consulting, LLP hired the services of a seasoned business consultant with bias in start – ups in the United States to help us conduct a thorough SWOT analysis and to guide us in formulating other business strategies that will help us grow our business and favorable compete in the testing and educational support industry.

As a company, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Webster & Golden® Education Consulting, LLP.

Our core strength lies in the power of our team; our workforce. We have a team of highly qualified education consultants and support staff members that can go all the way to give our clients value for their money; a team that are trained, qualified and equipped to pay attention to details and to deliver excellent education consulting services.

We are well positioned and we know we will attract loads of clients (students and international students alike) from the first day we open our doors for business.

As a new education consulting firm, it might take some time for our organization to break into the market and gain acceptance especially from international students in the already saturated testing and educational support industry; that is perhaps our major weakness. So also, we may not have the required cash to give our business the kind of publicity we would have loved to.

  • Opportunities:

The opportunities in the testing and educational support industry is massive considering the number of local and international students who can’t do with key services provided by only the testing and educational support industry. As a standard and well – positioned education consulting firm, we are ready to take advantage of any opportunity that comes our way.

Some of the threats that we are likely going to face as an education consulting firm operating in the United States are unfavorable government policies, the arrival of a competitor within our location of operations and global economic downturn which usually affects purchasing / spending power. There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.

7. MARKET ANALYSIS

  • Market Trends

If you a closer observer of the trends in the Testing & Educational Support industry, you will agree that the controversial No Child Left Behind Act in the united states has been an important driver of revenue for the Testing and Educational Support industry over the past decade.

Although it is cheaper to start an education consulting business, but the fact remains that it is a bit challenging for new entrant to come into this industry, the primary barrier to the entry for new establishment is the stiff registration requirements applicable in most countries not just the United States of America.

As a matter of fact, education consulting firms must comply with local licensing criteria set out by registration boards and professional associations to obtain registration in their country or the state they want to operate from. This usually requires applicants to hold an accredited tertiary qualification before they can undertake written tests of skills, knowledge and abilities.

Lastly, the geographic distribution of education consulting firms and revenue in the industry is based on population levels and business locations. Education consulting firms tend to be located in areas with high populations students, and such areas tend to have higher level of students who would want to sit for college exams, apply for international studies or for student exchange programs.

8. Our Target Market

The demographic and psychographics composition of those who need the services of education consulting services providers cut across students and schools at all levels.

Webster & Golden® Education Consulting, LLP will initially serve students within our immediate community, but that does not in any way stop us from growing to be able to compete with the leading education consulting firms in the United States.

As a standard and licensed education consulting firm, Webster & Golden® Education Consulting, LLP offers a wide range of education consulting services hence we are well trained and equipped to services a wide range of clientele base. Our target market cuts across businesses of different sizes in both the individual and corporate clients.

We are coming into the industry with a business concept that will enable us work with individuals, small businesses and bigger corporations in and around New York City – New York and other cities in the United States of America. Below is a list of the people and organizations that we have specifically design our products and services for;

  • International Students
  • Local students
  • Tutorial colleges

Our competitive advantage

The level of competitions in the testing and educational support services industry depends largely on the location of the business and of course the business model. If you can successfully create a unique brand identity for your education consulting firm or carve out a unique market, you are likely going to experience less competition.

For instance, if you are one of the few education consulting firms in your locations that has the most qualified and experienced education consultant with successful track record under your payroll, you are likely going to have a competitive advantage over your competitors.

We are quite aware that to be highly competitive in the testing and educational support services industry means that we should be able to deliver expected results, our clients should be able to pay for our services and we should be able to meet the expectations of clients.

Webster & Golden® Education Consulting, LLP might be a new entrant into the testing and educational support services industry in the United States of America, but the management staffs and owners of the business are considered gurus. They are people who are core professionals and licensed and highly qualified education consultants and experts in the United States. These are part of what will count as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (start – ups education consulting firms) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Webster & Golden® Education Consulting, LLP is established with the aim of maximizing profits in the testing and educational support services industry and we are going to go all the way to ensure that we do all it takes to attract clients (local and international students) on a regular basis.

Webster & Golden® Education Consulting, LLP will generate income by offering the following immigration consulting services;

10. Sales Forecast

One thing is certain, there would always be local students, international students, individuals, schools and tutorial colleges et al who would need the services of testing and educational support services providers.

We are well positioned to take on the available market in New York City – New York and other key cities in the United States of America and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond New York City to other cities in New York and other states in the U.S.

We have been able to critically examine the education consulting services market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in New York City – New York.

Below are the sales projections for Webster & Golden® Education Consulting, LLP, it is based on the location of our business and the wide range of education consulting and advisory services that we will be offering to our clients;

  • First Fiscal Year-: $250,000
  • Second Fiscal Year-: $450,000
  • Third Fiscal Year-: $950,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. There won’t be any major competitor offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales strategy

We are mindful of the fact that there are stiffer competitions amongst education consulting firms and other related educational support service providers in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing.

Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization.

We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard and world – class education consulting firm that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).

Our goal is to grow our education consulting firm to become one of the top 20 education consulting firms in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the New York City – New York, but also in other cities in the United States of America.

Webster & Golden® Education Consulting, LLP is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our education consulting firm business by sending introductory letters alongside our brochure to migrant communities, corporate organizations, households and key stake holders in New York City and other cities in New York.
  • Advertise our business in relevant magazines, newspapers, TV stations, and radio station.
  • List our education consulting firm business on yellow pages’ ads (local directories)
  • Attend relevant international and local education, international studies and business expos, seminars, and business fairs et al
  • Create different packages for different category of clients (local students and international students et al) in order to work with their budgets and still deliver quality education consulting services to them
  • Leverage on the internet to promote our education consulting firm
  • Engage in direct marketing approach
  • Encourage word of mouth marketing from loyal and satisfied clients
  • Join local chambers of commerce and industries with the aim of networking and marketing our services.

11. Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means (both conventional and non – conventional means) to advertise and promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.

We know that it is important to create strategies that will help us boost our brand awareness and to create a corporate identity for our education consultancy services firm business. Below are the platforms we will leverage on to boost our brand and to promote and advertise our business;

  • Place adverts on community based educational and related newspapers, radio stations and TV stations.
  • Encourage the use of word of mouth publicity from our loyal customers
  • Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Badoo, Google+ and other platforms to promote our business.
  • Ensure that we position our banners and billboards in strategic positions all around New York City – New York
  • Distribute our fliers and handbills in target areas in and around our neighborhood
  • Contact migrant communities, schools, and households et al by calling them up and informing them of Webster & Golden® Education Consulting, LLP and the educational support services we offer
  • Advertise our business in our official website and employ strategies that will help us pull traffic to the site
  • Brand all our official cars and school buses and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals.

12. Our Pricing Strategy

Hourly billing for education consulting services is a long – time tradition in the industry.  However, for some types of education consultancy services, flat fees make more sense because they allow clients to better predict consultancy costs.

As a result of this, Webster & Golden® Education Consulting, LLP will charge our clients a flat fee for many basic services such as providing college selection services, providing educational consulting services, providing educational guidance counseling services, providing educational support services, providing educational testing services, attending school buses and facilitating student exchange programs et al.

At Webster & Golden® Education Consulting, LLP we will keep our fees below the average market rate for all of our clients by keeping our overhead low and by collecting payment in advance.  In addition, we will also offer special discounted rates to both local and international students from time to time.

We are aware that there are some clients that would need regular access to education consultancy and advisory services and assistance, we will offer flat rate for such services that will be tailored to take care of such clients’ needs.

  • Payment Options

The payment policy adopted by Webster & Golden® Education Consulting, LLP is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Webster & Golden® Education Consulting, LLP will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via credit cards / Point of Sale Machines (POS Machines)
  • Payment via online bank transfer
  • Payment via check
  • Payment via mobile money transfer
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for our testing and educational support services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for all education consultancy and advisory services rendered.

13. Startup Expenditure (Budget)

When it comes to calculating the cost of starting an education consulting firm, there are some key factors that should serve as a guide. Besides, in setting up any business, the amount or cost will depend on the approach and scale you want to undertake.

If you intend to go big by renting / leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting an education consulting firm; it might differ in other countries due to the value of their money. Below are some of the basic areas we will spend our start – up capital in setting up our education consulting firm;

  • The total fee for incorporating the Business in the United States of America – $750.
  • The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400
  • The amount needed to acquire a suitable Office facility in a business district 6 months (Re – Construction of the facility inclusive) – $40,000
  • The total cost for hiring Business Consultant – $2,500
  • The cost for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $5,000
  • Marketing promotion expenses for the grand opening of Webster & Golden® Education Consulting, LLP in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580 .
  • The cost for purchase of the required software applications (testing results tracking Software, Payroll Software, CRM software, and Accounting Software et al) – $10,500
  • The cost of launching our official Website – $600
  • Budget for paying at least three employees for 3 months plus utility bills – $10,000
  • Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
  • Miscellaneous: $1,000

Going by the report from the market research and feasibility studies conducted, we will need over one hundred and fifty thousand ( 150,000 ) U.S. dollars to successfully set – up a small scale but standard education consulting firm in the United States of America. Please note that the salaries of all our staff members for the first month is included in the expenditure.

Generating Funds / Startup Capital for Webster & Golden® Education Consulting, LLP

No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. No doubt raising start – up capital for a business might not come cheap, but it is a task that an entrepreneur must go through.

Webster & Golden® Education Consulting, LLP is a business that will be owned and managed by Webster Magnus and Golden Jade, his business partner for many years. They are the sole financial of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from my Bank

N.B: We have been able to generate about $50,000 ( Personal savings $40,000 and soft loan from family members $10,000 ) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Webster & Golden® Education Consulting, LLP is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our education consultancy and advisory services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Webster & Golden® Education Consulting, LLP will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Securing a standard office facility (renovation of the facility inclusive): Completed
  • Purchase of All form of Insurance for the Business: Completed
  • Conducting Feasibility Studies: Completed
  • Generating part of the start – up capital from the founder: Completed
  • Applications for Loan from our Bankers: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the Needed software applications, furniture, office equipment, electronic appliances and facility facelift: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business (Business PR): In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with vendors and key players in the industry: In Progress.

More on Education

  • Education Data, Quality and System Management
  • Information Technologies for Education
  • Education Research and Policy
  • Large Scale Assessments
  • Curricula and Assessments
  • Teacher Competencies
  • Qualifications and Accreditations
  • Publications
  • Micro-Qualification
  • Pacific Qualifications Recognition Project
  • Pacific Qualifications Framework
  • SPFSC Courses
  • SPFSC Schools
  • SPFSC Moodle

Educational Quality and Assessment Programme

EQAP Business Plan 2019-2022

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How companies can contribute to achieving quality education

business plan on quality education

Education is a basic human right required for the attainment of sustainable development , which can only be accomplished if all parties, including businesses, commit to moving its cause. It is also number four of the United Nations ' Sustainable Development Goals (SDGs).

While achieving global education requires considerable efforts, businesses may use their resources and core capabilities to help governments deliver on their pledge of providing education for all. 

According to the Organization for Economic Cooperation and Development (OECD), there is a significant disparity in both opportunities and abilities between persons who have completed upper secondary education and those who haven't. 

Inequalities in education, however, start far earlier in life. A report from the UN indicates that advancement toward accessible and high-quality education is too slow, and if it continues at this rate, more than 200 million children will be out of school by 2030.

The current pandemic has aggravated the problem, with only 34% of children from low-income households graduating from school in low-income nations. Remote learning, which has grown in popularity in most countries over the last two years, is still out of reach for at least 500 million pupils.

While governments bear the greatest responsibility for addressing these issues by ensuring inclusive and high-quality education for all of their young citizens, businesses also play a role by encouraging continual learning and professional growth among their employees. 

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Companies can try to conduct regular employee training 

Two of the ten SDG4 targets include tertiary education, notably university and professional learning. This is not surprising given that, according to OECD, upper secondary education has been shown to be the most effective for better employment opportunities and overall job stability.

As a result, 83% of the OECD population has higher education, with Iceland, Norway, Sweden, and Switzerland setting the pace in Europe.

Companies, in addition to universities and polytechnics, can arrange courses for their own employees by leaning on senior staff or consulting outside experts, such as academics and researchers.

Employee learning programmes can include a wide range of topics, including communication, IT skills, safety and ethics, and financial education, among others.

Companies may also provide special leaves or days of absence to their employees and resources to encourage them to seek an MBA or other form of master's degree.

Examples of companies that go above and beyond to improve global education

There are also major companies out there whose contributions to education go beyond their workforce, making a change in the education sector globally.

In 2010, Ericsson collaborated with Columbia University 's Earth Institute and Millennium Promise to develop " Connect To Learn ," an education initiative that has delivered scholarships and ICT equipment to schools in distant, disadvantaged locations throughout the world.

Meanwhile, Microsoft works with partners worldwide to provide cost-effective connectivity solutions for schools and communities as part of its cheap access strategy to solve this issue. Through these efforts, 104 elementary and secondary schools and nine universities serving a population of over 400,000 people on five continents have been linked to the Internet. 

Procter & Gamble established Project Hope in 1996, a program that has built and rebuilt over 200 schools in 28 Chinese provinces for children living in rural or undeveloped China. P&G China's three-year corporate social responsibility plan includes expanded exposure to performing arts for P&G Hope School children.  

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School Business Plan Template

Written by Dave Lavinsky

School Business Plan

You’ve come to the right place to create your school business plan.

We have helped over 5,000 entrepreneurs and business owners create business plans and many have used them to start or grow their schools.

Sample Private School Business Plan

Below is a school business plan template to help you create each section of your own education business plan.

Executive Summary

Business overview.

Southside Academy, located in St. Paul, Minnesota, is a private school that has been providing quality education to the community’s school children since 2017. Southside Academy teaches elementary, middle school, and high school students in a wide range of subjects including mathematics, science, and history. We aim to provide a welcoming and inviting environment where every student can reach their highest potential.

We promote academic, artistic, and athletic excellence in a close-knit learning environment, with a challenging curriculum that cultivates intellectual curiosity. Furthermore, we offer a low teacher-to-child ratio, where teachers can build close connections with their students as they help them excel. We develop confident, continual learners by establishing behavioral supports and the social culture needed for students to achieve social, emotional, and academic success.

Service Offering

Southside Academy offers a premium private education at an affordable tuition fee. We provide a challenging education where students can explore their true potential and a safe space where they can freely discover and express themselves. Our students range from 1st grade to 12th grade and we teach a wide variety of subjects including:

  • Basic Mathematics
  • Physical Education

Customer Focus

Southside Academy primarily serves families within a 5-mile radius of the school’s location. The area is home to thousands of middle and upper-class families looking for high-quality education for their children. Before the school was built, the area was underserved and many children had to travel far to attend quality private schools.

Management Team

Southside Academy’s founder is Mike Brown who has been working as a teacher for more than 20 years. Mike has taught at several public schools in the region but saw a great demand for private education. He noticed that the current location of the school was underserved and set out to create a school to serve this population. Mike Brown has successfully led Southside Academy as its principal since the school’s inception and will continue to do so for the foreseeable future.

Mike Brown is supported by a team that has experience teaching students, managing finances, and running businesses. Specifically, our team has solid experience in being effective teachers, connecting to different types of students, and achieving key goals.

Success Factors

Southside Academy is able to achieve success by offering the following competitive advantages:

  • Location: Southside Academy’s location is near the center of town, giving members of our community easy access for parents and their children.
  • Passionate and Skillful Teachers: Southside Academy hires teachers with strong academic backgrounds who are skillful in handling all types of children.
  • Low teacher-to-student ratio: We provide a low teacher-to-student ratio so that every student gets personal attention from teachers to reach their highest potential.
  • Affordable, quality education: Most of the schools in the area offer their services at a very expensive price. Our fees will be moderately low so that good education is accessible to all families.

Financial Highlights

Southside Academy is currently seeking additional donations of $600,000 in order to fulfill our mission. The breakdown of the funding may be seen below:

  • Salaries: $200,000
  • School Materials (books, toys, desks, chairs, etc): $180,000
  • Administrative Expenses: $120,000 to pay for lease costs, ongoing operational expenses, and marketing.
  • Working capital: $100,000

The following graph below outlines the pro forma financial projections for Southside Academy.

Southside-Academys-Financial-Projections.png

Company Overview

Who is southside academy, southside academy’s history.

Southside Academy started as an idea from a group of school teachers, including Mike Brown. The teachers were university pals who are passionate about teaching and children. They have seen the gaps in education in St. Paul, Minnesota, and wanted to create a school that elevates the academic environment for the children of this area.

Their plans to build a school started in 2015, but it was only until April 2016 that they finally completed all the paperwork and met the legal requirements. Since then, Southside Academy has achieved the following milestones:

  • Found a location and built the school
  • Developed the school’s name, logo, and website
  • Determined curriculum
  • Hired teachers and other key employees

Southside Academy’s Services

Industry analysis.

Education is an essential foundation for a thriving society. It’s more important than ever before that every child has access to affordable, high-quality education. While public schools are an essential option for many low-income families, the education provided by private schools often results in higher test scores and more students moving on to top-tier universities.

The private school industry has experienced steady growth in the past five years. The key industry drivers are economic growth, the rise in numbers of K-12 students, an increase in the number of families with both parents working, and government initiatives to support education.

According to Polaris Market Research, this growth is expected to continue with a forecasted compound annual growth rate of 6.6% from now until 2030. This shows that Southside Academy has great potential to keep growing and expanding. We will have ample opportunities to grow our curriculum and offer services to students that help them reach their highest potential.

Customer Analysis

Demographic profile of target market.

Southside Academy serves the families and children of St. Paul, Minnesota. The area is mostly populated by young couples and new families that have disposable income and can pay a premium for their children’s education.

The precise demographics of the town in which our location resides are as follows:

TotalPercent
    Total population1,680,988100%
        Male838,67549.9%
        Female842,31350.1%
        20 to 24 years114,8726.8%
        25 to 34 years273,58816.3%
        35 to 44 years235,94614.0%
        45 to 54 years210,25612.5%
        55 to 59 years105,0576.2%
        60 to 64 years87,4845.2%
        65 to 74 years116,8787.0%
        75 to 84 years52,5243.1%

Customer Segmentation

We primarily target the following three customer segments:

  • Young children
  • Young couples

Competitive Analysis

Direct and indirect competitors.

Southside Academy faces competition from other schools with similar profiles. A description of each competitor company is below.  

Waters Independent School

Founded in 1968, Waters Independent School is a non-profit and tax-exempt independent school system. The school is governed by an independent Board of Trustees and offers preschool through eighth-grade programs. WIS is accredited by the state’s Council of Independent Schools (FCIS).

Waters Independent School has small class sizes with low student-to-teacher ratios. Further, WIS’ Programs include a strong academic foundation coupled with programs in the arts, physical education, media/technology, foreign language, and extracurricular areas.  

Hill Preparatory School

Founded in 1923, Hill Preparatory School is a private, non-sectarian, coeducational, college preparatory day school. It offers PK-12 programs in a safe, student-centered environment. HPS supports its students through the challenges of the school year with one-on-one attention from dedicated faculty, robust services like The Learning Center and the College Center, and the most advanced educational technology. The campus spans 28 acres and has a new 60,000+ square foot facility.  

Future Leaders Preparatory School

Founded in 1968, Future Leaders Prep is a private school for PreK3-8th grade. FLPS offers preschool, elementary school, and middle school programs and offers the International Baccalaureate program of study for all students. Teachers are endorsed in gifted education through a master’s level grant with [local University]’s College of Education Gifted Program. In addition to the school, Future Leaders offers community programs such as music, dance, art, and theater lessons through the Community School of the Arts, youth sports in the Community School for Sports, and the 7-week summer camp.

Competitive Advantage

There are many schools in St. Paul, Minnesota but none of them provides the same quality of education that Southside Academy provides, specifically the following:

Marketing Plan

Brand & value proposition.

The Southside Academy brand will focus on the school’s unique value proposition:

  • Providing premium education at an affordable price
  • Providing a supportive and challenging place for children to learn
  • Giving parents the assurance that their children will reach their full potential

Promotions Strategy

The promotions strategy for Southside Academy is as follows:

Social Media

Southside Academy will invest heavily in a social media advertising campaign. The school will utilize social media accounts and invest in ads on all social media platforms. It will use targeted marketing to appeal to the target demographics.

Publications

The school will place print advertisements in key local publications, including newspapers, area magazines, and business newsletters. Additionally, Southside Academy will print brochures and place them in specific locations frequented by target individuals.

Website/SEO

Southside Academy will invest heavily in developing a professional website that displays all of the features and benefits of Southside Academy. It will also invest heavily in SEO so that the school’s website will appear at the top of search engine results.

Direct Mail

Southside Academy will blanket neighborhoods with direct mail pieces. These pieces will provide general information on Southside Academy and incentives to enroll.

Southside Academy prices its tuition at a moderate price so our students and their families feel they are getting great value when choosing our school.

Operations Plan

The following will be the operations plan for Southside Academy.

Operation Functions:

  • Mike Brown is the school Principal. He manages the teachers, directs the direction of education, and serves as the head of the school.
  • Mike is joined by Amanda Johnson who acts as the Administrative Assistant for the school. She helps Mike with the operations of the school as well as the marketing and administrative functions.
  • Mike has hired an extensive team of highly qualified educators. Together, they teach dozens of subjects, including biology, chemistry, social studies, and mathematics. Every teacher that works for Southside Academy is passionate about education and pushing their students to reach their highest potential.

Milestones:

Southside Academy expects to achieve the following milestones in the following six months:

  • 3/202X Kickoff of promotional campaign to attract new students
  • 4/202X Start donation campaign
  • 5/202X Hire new teachers for the upcoming year
  • 6/202X Achieve donation/funding goal
  • 7/202X Finalize list of incoming students for next year
  • 8/202X Start next school year

Financial Plan

Key revenue & costs.

Southside Academy’s revenues come from student tuition fees and donations from both individuals and corporations.

The major costs for the company will be staffing, marketing expenses, location maintenance, equipment, and materials.

Funding Requirements and Use of Funds

Southside Academy is currently seeking additional fundraising and capital of $600,000 in order to fulfill our mission. The breakdown of the funding may be seen below:

Key Assumptions

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and to pay off the startup business loan.

  • Year 1: 200
  • Year 2: 300
  • Year 3: 400
  • Year 4: 500
  • Year 5: 600
  • Tuition rate per year: $10,000

Financial Statements

Income statement.

FY 1FY 2FY 3FY 4FY 5
Revenues
Total Revenues$360,000$793,728$875,006$964,606$1,063,382
Expenses & Costs
Cost of goods sold$64,800$142,871$157,501$173,629$191,409
Lease$50,000$51,250$52,531$53,845$55,191
Marketing$10,000$8,000$8,000$8,000$8,000
Salaries$157,015$214,030$235,968$247,766$260,155
Initial expenditure$10,000$0$0$0$0
Total Expenses & Costs$291,815$416,151$454,000$483,240$514,754
EBITDA$68,185 $377,577 $421,005 $481,366 $548,628
Depreciation$27,160$27,160 $27,160 $27,160 $27,160
EBIT$41,025 $350,417 $393,845$454,206$521,468
Interest$23,462$20,529 $17,596 $14,664 $11,731
PRETAX INCOME$17,563 $329,888 $376,249 $439,543 $509,737
Net Operating Loss$0$0$0$0$0
Use of Net Operating Loss$0$0$0$0$0
Taxable Income$17,563$329,888$376,249$439,543$509,737
Income Tax Expense$6,147$115,461$131,687$153,840$178,408
NET INCOME$11,416 $214,427 $244,562 $285,703 $331,329

Balance Sheet

FY 1FY 2FY 3FY 4FY 5
ASSETS
Cash$154,257$348,760$573,195$838,550$1,149,286
Accounts receivable$0$0$0$0$0
Inventory$30,000$33,072$36,459$40,192$44,308
Total Current Assets$184,257$381,832$609,654$878,742$1,193,594
Fixed assets$180,950$180,950$180,950$180,950$180,950
Depreciation$27,160$54,320$81,480$108,640 $135,800
Net fixed assets$153,790 $126,630 $99,470 $72,310 $45,150
TOTAL ASSETS$338,047$508,462$709,124$951,052$1,238,744
LIABILITIES & EQUITY
Debt$315,831$270,713$225,594$180,475 $135,356
Accounts payable$10,800$11,906$13,125$14,469 $15,951
Total Liability$326,631 $282,618 $238,719 $194,944 $151,307
Share Capital$0$0$0$0$0
Retained earnings$11,416 $225,843 $470,405 $756,108$1,087,437
Total Equity$11,416$225,843$470,405$756,108$1,087,437
TOTAL LIABILITIES & EQUITY$338,047$508,462$709,124$951,052$1,238,744

Cash Flow Statement

FY 1FY 2FY 3FY 4FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss)$11,416 $214,427 $244,562 $285,703$331,329
Change in working capital($19,200)($1,966)($2,167)($2,389)($2,634)
Depreciation$27,160 $27,160 $27,160 $27,160 $27,160
Net Cash Flow from Operations$19,376 $239,621 $269,554 $310,473 $355,855
CASH FLOW FROM INVESTMENTS
Investment($180,950)$0$0$0$0
Net Cash Flow from Investments($180,950)$0$0$0$0
CASH FLOW FROM FINANCING
Cash from equity$0$0$0$0$0
Cash from debt$315,831 ($45,119)($45,119)($45,119)($45,119)
Net Cash Flow from Financing$315,831 ($45,119)($45,119)($45,119)($45,119)
Net Cash Flow$154,257$194,502 $224,436 $265,355$310,736
Cash at Beginning of Period$0$154,257$348,760$573,195$838,550
Cash at End of Period$154,257$348,760$573,195$838,550$1,149,286

School Business Plan FAQs

What is a school business plan.

A school business plan is a plan to start and/or grow your school business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your School business plan using our School Business Plan Template here .

What are the Main Types of School Businesses?

There are a number of different kinds of school businesses, some examples include: private K-12 school, charter school, virtual schools, independent schools, primary school, secondary education, or preschool.

How Do You Get Funding for Your School Business Plan?

School businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a School Business?

Starting a school business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A School Business Plan - The first step in starting a business is to create a detailed school business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your school business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your school business is in compliance with local laws.

3, Register Your School Business - Once you have chosen a legal structure, the next step is to register your school business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your school business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary School Equipment & Supplies - In order to start your school business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your school business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful school business:

  • How to Start a School

Other Helpful Business Plan Templates

Nonprofit Business Plan Template

  • Get involved

Our business plan

Quality and standards.

This page outlines our goals for quality and standards, and the work we will do in 2024-25 to achieve them.

Students receive a high quality academic experience that improves their knowledge and skills, with increasing numbers receiving excellent provision.

What we will do in 2024-25

We will take action where our requirements for a high quality education, including positive outcomes for students, are not being met.

We will also encourage providers to go beyond these requirements by continuing to engage with them, including on the teaching excellence ratings for individual providers.

Students are rigorously assessed, and the qualifications they are awarded are credible and comparable to those granted previously.

We will investigate potential concerns about assessment and awarding practices at individual higher education providers, and publish insight and data to influence other providers to meet our minimum requirements.

Providers secure free speech within the law for students, staff and visiting speakers.

The government has announced that it will stop the implementation of the Higher Education (Freedom of Speech) Act 2023. Ministers are currently reviewing the legislation. Should they decide to implement some or all of the legislation, the OfS will be ready to implement these decisions.   

If the legislation is commenced, we will open and operate a complaints scheme and consider cases as appropriate. Similarly, we will develop and consult on new conditions of registration relating to free speech, as well as on overseas funding where this relates to free speech within the law, according to the legislative timetable.

Graduates contribute to local and national prosperity, and the government’s ‘levelling up’ agenda.

We will continue to ensure that providers satisfy, or exceed, our minimum requirements for students progressing to professional employment or further study. We will also continue to run programmes to address skills shortages and will work with partners to shape wider skills policy.

Read our business plan in full

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Every child and young person has the right to access safe, inclusive, quality education.

However, 224 million children and youth across the world are out of school.

As a result of the COVID-19 pandemic, the number of children experiencing reading difficulties rose to 584 million – a jump of over 20% which has reversed over 20 years of education gains. 

Children and girls in all their diversity, including those living with disabilities, those that are LGBTQIA+, indigenous, minority ethnic or racialised groups, children living in contexts of conflict and crisis, and children living in poor and remote areas are most often denied access to education.

This has far-reaching consequences on their futures and those of their families, communities and countries. 

We promote free, equal access to quality education for all children – from early learning to secondary education. We work with children and young people, their families, communities, wider society and governments, and advocate at both local and international levels, so that all children are able to get an education.

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Best 33 Most Profitable Education Business Ideas

  • November 1, 2023
  • by Next What Business Research Team

Education is the cornerstone of personal growth and societal progress. It empowers individuals, enriches lives, and shapes the future. If you are passionate about education and have a desire to make a difference while building a successful venture, you are in the right place. Whether you are an educator, an entrepreneur, or someone with a vision for transforming learning, the below-mentioned list of education business ideas will help you find a suitable income opportunity.

List of 33 Education Business Ideas

#1. start a play school.

You can start a playschool or preschool in two ways. You can start your school. Otherwise, you can start a franchise. Preschool is a very successful business worldwide. And the demand for playschool is also increasing.

#2. Offer Tutoring Services

If you are looking for a home-based education business with no money, offering tuition to students is perhaps the best choice. Tutoring can be conducted in person or online, making it a flexible option for both tutors and students. However, to become successful in the tutoring business, one needs to be focused and have good knowledge about the subjects you are planning to teach. Building a reputation for effective tutoring can lead to a strong client base and steady income.

#3. Teach Foreign Languages

There is a good demand to learn foreign languages at present in most countries. One can teach languages like Spanish, Chinese, German, and other languages and make good money. One can earn on average $20 to $70 per hour teaching foreign languages.

#4. Start an Educational Blog

There are a lot of people making millions running blogs. An education-related blog is a profitable niche in the blogging industry. Furthermore, nowadays starting a blog is easy and it requires little money.

Read:   How to Start a Blog and Make Money

#5. Create Online Courses

The demand for online courses has surged in recent years. With the convenience of e-learning, many individuals, from students to professionals, are seeking opportunities to acquire new skills or enhance their existing ones. One critical factor is to decide where you want to host your courses. You can use e-learning platforms like Udemy, and Teachable, or create your own website. Once created, they can be sold to an unlimited number of learners without a significant increase in production costs.

#6. Write eBooks

If you are good at writing and have a passion for any subject, writing an ebook is a good money-making educational business. The sales of ebooks have increased in huge numbers in the last few years. Writing an ebook is a lot easier today as many free and paid publishing platforms are now available on the internet.

#7. Become a Content Writer

Content writing is another profitable education business for writers. As more and more companies enter the online space to expand businesses, the demand for content writers is also growing like never before.

#8. Start a Publishing Business

Though conventional, still publishing business is still a highly in-demand and profitable education-related business even today. One can open a digital publishing business and fetch high returns.

#9. Open a YouTube Channel

YouTube is at present the largest resource for free online learning. There are plenty of educators making huge money running YouTube channels. If you have good communication skills and knowledge of education-related subjects, becoming a YouTuber can be a gateway to becoming rich. However, having a proper monetization strategy is essential to be successful in this career.

#10. Become a Translator

The demand for professional translators is on the rise. If you have a command over two or more languages, starting a translation business can be highly profitable.

#11. Open a Bookstore

Though the bookshop market is competitive, with proper planning and an innovative approach one can make good money in this business. However, retail location is highly critical to the long-term success of the bookstore business .

#12. Acting School

The entertainment industry is an inflation-free industry. And it is creating opportunities for actors, actresses, and models. Many young performers are eager to establish their careers in the industry. So, acting schools are gaining popularity not only in the metro cities but also in the suburban towns.

#13. Career Counseling

Career Counseling business is another high-demand business in the education industry. More and more parents are looking for efficient careers and counsellors all across the globe. If you have the necessary expertise, consider opening a career counselling business.

#14. Open Business Management Institute

The Business Management Institute is one of the most successful education-related businesses. However, the business demands substantial capital investment in infrastructure and human resources. Furthermore, you will need to do the right promotion to attract the right audience.

#15. Dance Academy

You will find numerous styles of dance in the country. Broadly you can classify it as classical or folk. However, the modern dance culture is different. Generally, modern dances are more popular than traditional styles. You can start a dance academy with moderate capital investment.

#16. Drawing School

Moreover, every student goes to the drawing school in their childhood days. However, there must be a demand for a drawing school in your locality. In addition, you must arrange the board examinations for the students.

#17. Hotel Management Institute

The hotel management institute is one of the most lucrative businesses in the education industry. However, it demands proper strategic planning and substantial capital investment. In addition, the arrangement for the placement after the completion of the course is hugely important for the overall success of the institute.

#18. Martial Art School

Martial art is gaining popularity in most cities and towns. However, it includes a wide range of styles like Boxing, Karate, Krav Maga, Kung Fu, Kickboxing, etc. You can start a small martial arts school with a small capital investment.

#19. Music School

Broadly music caters to two categories. Vocal and instrumental. Starting a music school demands a small capital investment. However, the right planning and promotion are important to achieve overall success.

#20. Spoken English School

You will find a lot of franchise offers for spoken English schools. If you want to start with a small capital investment, then it is better to start with a renowned brand.

#21. Teacher Training Institute

The teacher training institute for Montessori teachers is a good business to start. The gross profit margin is lucrative. However, you must check your state law about the institute.

#22. STEM Education

STEM (Science, Technology, Engineering, and Mathematics) education is a critical and highly relevant field within the education business. You need to decide which STEM subjects or topics you want to cover. This could range from general STEM education to specific disciplines like coding, robotics, or data science. Create a structured curriculum with clear learning objectives. In addition, choose a platform to host your courses. Many learning management systems (LMS) are available, or you can use online course marketplaces.

#23. Chalk Making

Chalks are round-shaped sticks and they come either in white or in color. A chalk pencil is a writing instrument on the blackboards. However, the consumption of this product is huge at the school level.

#24. Eraser Making

Eraser is a rubber product. The major consumers of the product are students, artists, bookkeepers, typists, and others. This is the only item available for the correction of the mistakes. In addition, you can set up a small-scale r ubber eraser manufacturing unit .

#25. Language Classes

Due to globalization, there is a huge demand to learn different languages.  You need to choose the languages to teach, structure your courses, and promote through local communities.

#26. Abacus Classes

Abacus classes are renowned for enhancing cognitive skills, particularly in children. It helps improve concentration, memory, problem-solving abilities, and mathematical aptitude. Furthermore, Abacus training introduces children to mathematical concepts at an early age, giving them a solid foundation in math. If you are an experienced Abacus trainer, consider starting this business. If you are not already skilled in abacus operations, consider taking abacus training courses or hiring experienced abacus instructors.

#27. Notebook Manufacturing

Any individual can start a notebook manufacturing business on a small scale. Notebooks, exercise books, and registers are essential items for schools, colleges, and offices. Even you can start this business from home.

#28. Coaching for Competitive Exams

Competitive exams are a crucial step for many students pursuing higher education or government jobs. The demand for quality coaching is continuously rising. Find a suitable location for your coaching centre. It should be easily accessible to students and have the necessary infrastructure. Also, recruit experienced and knowledgeable instructors who can effectively teach the subject matter.

#29. School Bag Manufacturing

A home-based school bag manufacturing business is a profitable venture. Only with different types of sewing and cutting equipment, you can start this business. However, you must use the raw material to get quality and long-lasting bags.

#30. School Uniform Making

Every school maintains a special dress code. In addition, management schools are also maintaining the uniform nowadays. And students need to follow that. You can start a school uniform manufacturing business from home.

#31. Wooden Pencil Manufacturing

A wooden pencil or lead pencil is an essential item for students and artists. Generally, HB and 2B pencils are popular in most countries. There is a growing demand for wooden pencils in the market.

#32. Educational Gaming

Educational games make learning engaging and can improve students’ understanding and retention of complex concepts. Also, games make learning fun, capturing students’ attention and motivating them to participate actively in the learning process. It is advisable to choose educational games that align with the subjects and topics covered in your coaching.

#33. Educational Franchise

If you are not interested in starting an education business from scratch, buying a franchise is a good option. There are several education franchise opportunities you can explore with low to medium investment.

Frequently Asked Questions

What types of educational businesses can i start with a limited budget.

You can consider tutoring services, online course creation, educational blogging, or educational consulting with a relatively small budget.

Do I need specific qualifications to start an education business?

The qualifications needed vary based on the type of education business. For tutoring, expertise in a subject is essential. Online course creation may require subject knowledge and content creation skills. Running a school or franchise may require educational qualifications and licenses.

Are there any legal requirements for starting an educational business?

Yes, depending on your location and the type of education business, there may be legal requirements, such as licenses, permits, and compliance with educational regulations. It’s essential to research and adhere to local laws.

What age groups or educational levels can I target with my business?

The age groups or educational levels you target will depend on your expertise and the specific niche you choose. You can focus on preschool, K-12, college, or even adult education, depending on your interests and qualifications.

How can I stand out in a competitive education market?

To stand out, consider offering unique services, specializing in a niche, providing excellent customer service, using innovative teaching methods, and leveraging technology. You can also focus on creating high-quality educational materials or tailor your services to specific learning needs.

Are there opportunities for online education businesses?

Yes, online education is a growing market. You can create and sell online courses, tutoring services, or educational content. Online education can reach a global audience and offer flexible learning options.

How can I ensure the quality of education in my business?

To maintain quality, hire qualified educators or experts, regularly update your educational materials, gather feedback from students or parents, and stay informed about the latest educational trends and methods.

Can I start an education business part-time or as a side hustle?

Yes, many education business ideas can be started part-time, such as tutoring or online course creation. As your business grows, you can consider transitioning to full-time if desired.

What are the financial considerations when starting an education business?

Financial factors to consider include startup costs, ongoing expenses, pricing for your services or courses, and creating a business plan to ensure profitability. You may also explore funding options, grants, or loans for education businesses.

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GOP’s infamous Project 2025 plan uses Arizona as an education model

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And when it comes to overhauling public education, the sweeping right-wing manifesto borrows heavily from Arizona’s playbook. 

The roughly 900-page “Mandate for Leadership”— crafted by think tank the Heritage Foundation and other conservative heavyweights — lays out an aggressive roadmap for dismantling the federal Department of Education, rethinking funding for low-income students and those with disabilities, and broadly diverting public school dollars to less-regulated alternatives like private schools and homeschooling.

Promoting universal school choice as “a goal all conservatives and conservative Presidents must pursue,” it argues that “every parent should have the option to direct his or her child’s share of education funding through an education savings account (ESA), funded overwhelmingly by state and local taxpayers.”

That’s precisely how school vouchers work in Arizona , a longtime darling of the school choice movement and the first in the nation to offer universal voucher eligibility. Heritage education policy expert Lindsey Burke, who authored Project 2025’s education section, references Arizona as a school choice pioneer almost immediately. 

Burke also advocates a change to the Individuals with Disabilities Education Act that would partially redirect IDEA funding to families instead of schools, citing “the way in which parents use education savings accounts in states such as Arizona and Florida.” And she promotes a funding model in which donors receive tax credits in exchange for contributions to nonprofits that provide private school scholarships, much like Arizona’s school tuition organizations , or STOs.

Burke and others from the Heritage Foundation, which declined an interview with AZCIR , use conservative buzzwords like “freedom” and “choice” to sell their vision of a new educational landscape that empowers parents to select a “set of education options that meet their child's unique needs.” But experts in education policy and constitutional law suspect a much different endgame: setting public schools up to fail by stripping their funding while concentrating higher-need, harder-to-educate kids there.

a woman in a "public school proud" shirt sits next to a sign that says "Protect Public Schools. Sign the Petition Today. Stop Voucher Expansion."

‘Consistently refused to create quality public schools’

Arizona’s initial foray into school choice came in 1994, when the state passed a far-reaching education reform package that authorized charter schools to operate here. Three years later, the state became the first in the U.S. to establish nonprofit school tuition organizations to fund private school scholarships, offering dollar-for-dollar tax credits to donors.

By 2006, the Legislature had created an explicit school voucher option limited to students with disabilities and those in foster care. The Arizona Supreme Court later deemed that program unconstitutional, because it directly funded private, often religious schools. 

Policymakers soon changed course, launching the nation’s first “ Empowerment Scholarship Account ” program in 2011. ESAs, initially available to students with disabilities, similarly diverted state money to public school alternatives, but they circumvented the court’s decision by giving the cash to parents to spend. Republican leaders first expanded program eligibility incrementally, then dramatically.

Today, Arizona has the largest share of charter school students in the country. Its STOs rake in hundreds of millions annually, funneling would-be tax revenue to private schools. And its now-universal voucher program enrolls nearly 75,000 students , to the tune of more than $700 million.

The state also has some of the worst-funded public schools in the U.S., ranking 49th on the U.S. Census Bureau’s most recent Annual Survey of School System Finances.

Even before the state universalized voucher eligibility, Columbia University researchers who analyzed education budgets from 2008 to 2019 found Arizona was one of the few states where public school spending declined even as enrollment increased. Per-pupil public school spending dropped by 5.7% during that period, according to the analysis, while spending on voucher and tax-credit programs climbed by 270%.

“(Arizona) has consistently refused to create quality public schools, and therefore forced people — and I think that's the key, forced people — to make other choices,” said University of South Carolina Professor Derek Black, who specializes in the intersection of constitutional law and public education. 

In other words, the harder you make it for public schools to succeed, the easier it is to sell the alternatives. And there are plenty of well-financed conservative groups working to do just that. 

Former U.S. Education Secretary Betsy DeVos’ American Federation for Children, the Koch brothers’ Americans for Prosperity and the American Legislative Exchange Council have all doggedly pushed for expansions in vouchers and other school choice programs throughout the country in recent years, using Arizona as a proving ground.

Libertarian think tank the Goldwater Institute, the primary architect of Arizona’s ESA program, has repeatedly said it “won’t stop until parents in every state in the nation are empowered to decide what educational path truly meets their children’s needs,” though it declined to discuss the implications of Project 2025’s voucher proposal with AZCIR. 

Framing education as a consumer product rather than a public good, these groups argue families should have the ability to escape subpar, out-of-touch public schools in favor of private or self-directed options that better serve their kids and more closely reflect their values — all on the taxpayer’s dime. 

That argument has gained traction amid some families’ frustrations over how public schools navigated the COVID-19 pandemic, as well as ongoing culture wars over issues of race, gender and sexuality. (Heritage Foundation President Kevin Roberts writes in Project 2025’s forward that the “noxious tenets of ‘critical race theory’ and ‘gender ideology’ … poison our children.") But in most cases, it’s Republican lawmakers , not families, who have pushed hardest to make it easier for public dollars to go toward private alternatives. 

Arizona schools superintendent Tom Horne

Budgetary strain

Project 2025 paints a rosy picture of an educational marketplace where parents hold the ultimate power to customize their child’s learning experience. As Roberts puts it in his introduction, “Schools serve parents, not the other way around.”

Indeed, parents of some public school students — from those with disabilities who needed special instruction, to those from lower-income families who felt trapped at failing or unsafe schools — have successfully used vouchers to find and afford placements better tailored to their children’s learning styles. 

“A family may have three children, two of whom thrive at their neighborhood public school, but one struggles, and the parents choose to get ESA funds to send that child to a school that meets his needs,” Arizona Superintendent of Public Instruction Tom Horne said. “I believe school choice options should be available to parents throughout the country as decided on a state-by-state basis.”

At the end of the day, though, only public schools must be open to all. Private schools can generally pick which students to accept or reject, meaning they ultimately do the choosing, not families. 

In Arizona, that has left some parents who’ve pursued vouchers for children with disabilities unable to find spots for them. Those who do secure private school placements give up certain anti-discrimination and disability protections present at public schools.

These considerations apply to the minority of Arizona ESA recipients who’ve left district or charter schools in favor of private schools since the state universalized eligibility. Over the past two school years, more than 60% of ESAs went to students who weren't previously enrolled in public school, state data shows, indicating families are likely using vouchers to subsidize expenses they had formerly covered.

Rather than saving the state money, as school choice advocates claimed ESAs would, both of these shifts have created budgetary strain. School districts, which rely on consistent enrollment for state funding, have seen cash disappear alongside students, even as fixed costs have remained steady. The state, meanwhile, has taken on hundreds of millions in new spending for kids who were already attending private school, a trend that contributed to a $1 billion-plus budget deficit this year. 

Under Arizona’s existing laws, it’s almost impossible to see how students who use vouchers for private schools or homeschooling are performing, since they generate very little data . They don’t have to participate in state or national assessments, for instance, and their grades, graduation rates and postsecondary attainment go unreported. 

Levin cited a lack of accountability metrics as a key concern if vouchers go national, particularly given the associated price tag. In 2021, National Education Policy Center researchers estimated U.S. education spending would increase by anywhere from $67 billion to $203 billion a year to accommodate universal vouchers, depending on program parameters and enrollment. 

Most troubling to experts interviewed by AZCIR, though, were the possible impacts of Project 2025's school choice proposals on student equity. 

When the quality and safety of public schools decline, families with the money and resources to leave will often do so. Even with vouchers in play, lower-income families may not be able to fully afford private school tuition, not to mention related costs like transportation and technology. 

Further concentrating high-performing, well-resourced students at some schools and lower-performing, lower-income students at others would exacerbate segregation and create a fragmented educational landscape, according to Black, the constitutional law expert. Project 2025’s recommendation to phase out Title I funding , designed to close achievement gaps at poorer schools, would only add to the divide. 

Such a fractured system would be at odds with the American tradition of using public schools to bring together children of all backgrounds and produce an informed citizenry, Black said.

“The people who propose these types of things, in my mind, are either highly ignorant of or highly dismissive of a 200-year commitment to public education with the understanding that democracy itself rests upon it,” he said. If Project 2025’s vision is brought to life, “you’ve really got to worry about how America moves forward.”

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Millions of student-loan borrowers are getting new details on qualifying for Biden's broader debt cancellation plan coming this fall

  • The Education Department is moving forward with its broader student-loan forgiveness plan.
  • It released new details on qualifying for the relief, set to be implemented this fall.
  • It also sent emails to borrowers last week informing them of the August 30 deadline to opt out.

Insider Today

The Education Department is getting closer to delivering student-loan forgiveness to millions of borrowers.

Last week, the department announced it would be sending emails to all student-loan borrowers with at least one outstanding federal loan to update them on President Joe Biden's plan to cancel student debt using the Higher Education Act of 1965.

Expected to benefit more than 30 million borrowers, the plan would cancel some or all student debt for:

  • Borrowers who owed more than they did when they first entered repayment
  • Borrowers who entered repayment at least 20 years ago
  • Borrowers who would be eligible for forgiveness through programs like Public Service Loan Forgiveness or income-driven repayment but haven't yet applied
  • And borrowers who attended schools that left them with too much debt compared to post-graduation earnings.

The emails sent last week also specified an August 30 deadline for borrowers to opt out of the relief by contacting their servicers. They may choose to opt out for a number of reasons, including avoiding potential state tax liabilities.

Along with the emails, the department recently updated its guidance on Federal Student Aid with more information on qualifying for this relief. Specifically, the department says that only borrowers who have "entered repayment on at least one of their loans when the debt relief is applied" would be "eligible for forgiveness on the loan(s) in repayment."

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This means that borrowers with federal subsidized and unsubsidized loans are considered to have entered into repayment once their grace period ends, typically six months after they finish school. Borrowers with PLUS loans are considered to have entered repayment when their loans are fully disbursed.

Once the department finalizes its rules, it's set to begin implementing the relief in the fall, and unless a borrower wishes to opt out, they don't need to take any action to qualify.

For borrowers enrolled in an income-driven repayment plan at the time of the relief, if they earn less than $120,000 a year individually or $240,000 as a married couple filing jointly, the amount of their current balance that is greater than their original balance would be forgiven under the proposed rule.

Borrowers not enrolled in an income-driven repayment plan would qualify for $20,000 in relief or the amount of their current balance that's greater than what they originally borrowed, whichever is smaller.

While the department is continuing to move forward with the finalization, the relief will probably run into legal challenges that could halt or block the plan.

Are you hoping to benefit from Biden's student-loan forgiveness plan? Will it influence your vote in the election? Share your story with this reporter at [email protected] om .

Watch: Why student loans aren't canceled, and what Biden's going to do about it

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Where Tim Walz Stands on the Issues

As governor of Minnesota, he has enacted policies to secure abortion protections, provide free meals for schoolchildren, allow recreational marijuana and set renewable energy goals.

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Gov. Tim Walz of Minnesota, center, during a news conference after meeting with President Biden at the White House in July.

By Maggie Astor

  • Aug. 6, 2024

Gov. Tim Walz of Minnesota, the newly announced running mate to Vice President Kamala Harris, has worked with his state’s Democratic-controlled Legislature to enact an ambitious agenda of liberal policies: free college tuition for low-income students, free meals for schoolchildren, legal recreational marijuana and protections for transgender people.

“You don’t win elections to bank political capital,” Mr. Walz wrote last year about his approach to governing. “You win elections to burn political capital and improve lives.”

Republicans have slammed these policies as big-government liberalism and accused Mr. Walz of taking a hard left turn since he represented a politically divided district in Congress years ago.

Here is an overview of where Mr. Walz stands on some key issues.

Mr. Walz signed a bill last year that guaranteed Minnesotans a “fundamental right to make autonomous decisions” about reproductive health care on issues such as abortion, contraception and fertility treatments.

Abortion was already protected by a Minnesota Supreme Court decision, but the new law guarded against a future court reversing that precedent as the U.S. Supreme Court did with Roe v. Wade, and Mr. Walz said this year that he was also open to an amendment to the state’s Constitution that would codify abortion rights.

Another bill he signed legally shields patients, and their medical providers, if they receive an abortion in Minnesota after traveling from a state where abortion is banned.

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Which Guideline pricing plan is right for you?

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All businesses should be able to offer an affordable and seamless retirement benefit. But not every 401(k) is suitable for every business. That’s why we offer three distinct tiers. We know that some business owners are looking for a simple solution that checks the boxes, while others are looking for a more flexible solution that can scale as their business grows. Whatever your needs are, Guideline has a 401(k) that can help meet them. Below, we’ll break down our three tiers: Starter, Core, and Enterprise. But before we do, it’s important to know that all of our plans include the fundamental services and features needed to offer a great retirement benefit:

  • Low cost, low fees: All Guideline plans offer affordable prices for growing businesses. Guideline’s account fees are up to 7x lower than the industry average.
  • A breeze to manage: Set up in as little as 20 minutes. Save time with employee self-enrollment and intuitive dashboards.
  • An all-in-one experience: From serving as your fiduciary to ongoing compliance testing , Guideline offers end-to-end management of your 401(k).

With that said, let’s take a look at our three tiers so you can determine which one works best for your business.

Starter: A simplified 401(k) with limited features and easy administration

Starter is our most simple, out-of-the-box plan built to support employers offering a 401(k) for the first time. Starter is our lowest priced plan. In fact, for businesses with 50 or fewer employees, the cost may be free for the first three years after applying up to $16,500 in tax credits . Starter plans are exempt from IRS non-discrimination tests , which means they have fewer compliance requirements. That being said, Starter 401(k) plans have lower contribution limits than a standard 401(k), which means employees won’t be able to save as much. Employers also can’t match or contribute to their employees’ savings if they offer a Starter 401(k). Monthly base fee: $39 + $4 per active participant

Plan details:

  • $6,000 employee contribution limit for 2024
  • Only available to employers who haven’t previously offered a 401(k)
  • No employer contributions allowed
  • Must connect with an eligible payroll partner

Benefits of a Starter plan:

  • Easy and affordable: Starter plans are a great fit for businesses searching for a predictable, low-cost benefit to retain and attract new talent. They’re also a sound solution for companies wanting to get started now and upgrade after the first or second year.
  • Starter plans satisfy compliance tests and state mandates: All Starter 401(k) plans are exempt from IRS compliance tests, which can be particularly beneficial for businesses with limited administrative resources. Guideline’s Starter 401(k) also meets state-specific retirement mandates and offers additional support and features that many state-operated programs may lack.

Starter is a good fit for businesses that:

  • Are setting up a 401(k) for the first time
  • Want more predictable monthly costs, since there’s no employer match
  • Are comfortable with a lower employee contribution limit

Core: Our most popular 401(k) with robust features and more plan design options

As its name implies, our Core plan provides all the core services and features needed for a great retirement benefit, with flexible plan design options like a traditional or a Safe Harbor 401(k). Monthly base fee: $89 + $8 per active participant

  • $23,000 employee contribution limit for 2024
  • Safe Harbor or Traditional 401(k)
  • Option to offer employer contributions and profit sharing
  • Can connect with any payroll provider

Benefits of a Core plan:

  • You can save more for retirement: With Core, you and your employees can save more for retirement, with a higher contribution limit than a Starter plan.

More flexibility for growing businesses: When you sign up for Core, you can design your plan with employer contributions, vesting schedules, service and age eligibility requirements, and implement profit sharing after the end of the year. These options can help keep your 401(k) aligned with your objectives as your business grows.

Core is a good fit for businesses that:

  • Want a standard 401(k) contribution limit of $23,000 (2024)
  • Want the flexibility of plan design types — whether that's Safe Harbor or Traditional
  • Want to offer a more robust employee benefit

Give your employees a roadmap to retirement

With Guideline, you can provide an impactful work benefit while minimizing paper work and fees

Enterprise: Our most custom 401(k) with exclusive pricing options and premium support

As our most custom offering, Enterprise is designed to support growing businesses and their teams that may have more complex business needs. Enterprise offers enhanced features like exclusive pricing options and premium support for both employers and employees. With our Enterprise plan, employers can open a Safe Harbor 401(k) plan or a traditional 401(k) plan. And in addition to every feature and service we offer in Core, the Enterprise plan provides access to custom features like new comparability profit sharing for no additional fee. Monthly base fee: $149 + active participant fee

  • Safe Harbor or traditional 401(k)
  • Features like employer contributions and profit sharing
  • Support for 401(k) plan transfers

Benefits of an Enterprise plan:

With Enterprise, you get everything in our Starter and Core tiers, plus:

  • Personalized support for you and your team: Enterprise offers preferred service, with an average 4 business-hour time to response.
  • Simple, streamlined onboarding: With Enterprise, you’ll get a dedicated onboarding specialist and client relationship manager, so you have support from us at every stage.
  • Support your employees’ financial well-being: Exclusive to Enterprise plans, Participant Perks are special offers on financial tools and services that could help you and your employees create a more well-rounded roadmap to retirement.

Enterprise is a good fit for businesses that:

  • Want more support for them and their employees
  • Want a more well-rounded employee benefit, with Participant Perks
  • Are larger in size and who desire more custom options

To recap, here’s a side-by-side comparison of our three pricing plans and contribution limits for 2024:

StarterCoreEnterprise
Payroll integrations
Recordkeeping and custodial services
Government filings
3(38) and 3(16) fiduciary services
Ongoing compliance testing
Live support
Dedicated support
Support for legally related groups
Support for 401(k) plan transfers
Employee contribution limit$6,000$23,000$23,000
Hardship withdrawals
Employer contributions
Flexible plan design
Vesting schedules
Eligibility requirements
401(k) loans
Exclusive pricing options
Mobile app
Personalized investment portfolios
Rollovers
Live support
Priority support
Participant Perks

Like we stated in the beginning, there’s no right plan for every business. But we’ve deliberately built our pricing plan structure to help provide plans that work for your business — providing you and your employees with the right foundation to build a brighter future.

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Project Manager

The South East Asia and Pacific Multi Country Office (EAPMCO) supports, develops and oversees the UNOPS projects in South East Asia and the Pacific. EAPMCO was established in January 2023 following the merger of the Thailand Multi-Country Office, which covered 20 countries across  North East Asia, South East Asia and the Pacific, and the Cambodia Multi-Country Office, which covered 4 countries South East Asia - 3 countries in the Mekong Sub-region (Cambodia, Lao PDR and Vietnam) and the Philippines.  EAPMCO currently covers 24 countries across North East Asia, South East Asia and the Pacific. With its head office in Bangkok, the Multi-Country Office comprises nine business units: SEMCO Thailand, EAPMCO Indonesia,  EAPMCO Pacific Operations Cluster, EAPMCO Papua New Guinea, EAPMCO China, EAPMCO Vietnam, EAPMCO Lao PDR, EAPMCO Philippines and EAPMCO Cambodia.

Local Context: EAPMCO Pacific Cluster 

The EAPMCO Pacific cluster, established in 2017, was formed to support the implementation of UNOPS projects across the Pacific, dealing with the challenges and constraints associated with a combination of Pacific Islands' remoteness, availability of resources, demography, weather, or a combination of all these factors. Many Pacific Islands continue to suffer from diseconomies of scale in production and exchange of goods and services, and access to export markets, with the main economic activities remaining concentrated around tourism, fisheries, forestry, and agriculture, with remittances still playing a significant role in the economy of several Pacific Islands. Currently, UNOPS is working across 12 Pacific Island countries, implementing projects in the areas of health systems strengthening, digital transformations, climate change adaptation,  governance, etc. 

Project Background:

Against this background, UNOPS EAPMCO Pacific is hiring a Project Manager to oversee the following two projects at this moment for the Federated States of Micronesia.

The objective of the project focuses on providing inputs for the development of a Motorization Management Strategy and Implementation Plan for the Federated States of Micronesia (FSM), focusing on enforcing effective management of end-of-life vehicles through regulatory, policy and technology recommendations.

The joint programme proposes a project aimed at strengthening the capacities of FSM’s local governments in advocating for the SDGs implementing  multi level governance. This includes providing essential advocacy tools for localising the SDGs with policymakers and communities, assessing the local data ecosystem, developing a dashboard prototype, and facilitating reporting to accelerate SDGs achievement. 

The Project Manager is responsible for the day-to-day operations of the project(s) and provides services to the different donors, partners and beneficiaries. The Project Manager acts on behalf of the Project Board to manage the project on an ongoing basis during the Implementation Stage. The main responsibility of a Project Manager is to ensure that the project outputs are delivered within the specified project tolerances of time, cost, quality, scope, risk and benefits. He/she is expected to meet the organization’s performance and delivery goals.

The Project Manager is responsible to create the Implementation Plan, use the Project Initiation Documents (PID), Legal Agreement and have a thorough understanding of the terms, conditions, and the respective roles and responsibilities of the partners/stakeholders to ensure the project(s) outputs are capable of meeting the business cases for both UNOPS and the partner(s). Success of the project(s) and hence Project Manager will be based on the defined Success Criteria. 

The project manager for Implementation projects will be managing project(s) which ultimate goal is to provide implementation services that contribute to the achievement of partners’ goals. The variety of projects is quite diverse and can range from management of grants, development of strategies to delivery of training or providing technical assistance. 

While the complexity of those projects may vary, maintaining high standards in terms of quality, health, safety and sustainability is always expected.

Depending on the nature and configuration of the project, the project manager might be executing technical studies, reviews, designs, supervision or operation and maintenance services of one or several physical infrastructure assets, in one or multiple sites. Depending on the implementation modality it may involve large volumes of procurement of goods, services and HR services.

UNOPS operates in complex contexts where resources might be scarce, local capacity low and where professional judgement and experience in these environments are of uttermost importance.

Summary of functions:












Develops and implements sustainable business strategies, thinks long term and externally in order to positively shape the organization. Anticipates and perceives the impact and implications of future decisions and activities on other parts of the organization.
Treats all individuals with respect; responds sensitively to differences and encourages others to do the same. Upholds organizational and ethical norms. Maintains high standards of trustworthiness. Role model for diversity and inclusion.

Acts as a positive role model contributing to the team spirit. Collaborates and supports the development of others. Acts as positive leadership role model, motivates, directs and inspires others to succeed, utilizing appropriate leadership styles.
Demonstrates understanding of the impact of own role on all partners and always puts the end beneficiary first. Builds and maintains strong external relationships and is a competent partner for others (if relevant to the role).
Efficiently establishes an appropriate course of action for self and/or others to accomplish a goal. Actions lead to total task accomplishment through concern for quality in all areas. Sees opportunities and takes the initiative to act on them. Understands that responsible use of resources maximizes our impact on our beneficiaries.
Open to change and flexible in a fast paced environment. Effectively adapts own approach to suit changing circumstances or requirements. Reflects on experiences and modifies own behavior. Performance is consistent, even under pressure. Always pursues continuous improvements.
Evaluates data and courses of action to reach logical, pragmatic decisions. Takes an unbiased, rational approach with calculated risks. Applies innovation and creativity to problem-solving.
Expresses ideas or facts in a clear, concise and open manner. Communication indicates a consideration for the feelings and needs of others. Actively listens and proactively shares knowledge. Handles conflict effectively, by overcoming differences of opinion and finding common ground.
  • Advanced University Degree in a relevant discipline is required. Preferably in International Relations, Development Studies, Economics, Supply Chain, Business, Project Management, or related fields.
  • A combination of Bachelor’s degree in the above-mentioned fields or related with an additional 2 years of relevant work experience may be accepted in lieu of the education requirements outlined above.
  • Certification in Project Management (PRINCE2, PMI, etc.) is an asset.
  • A minimum of 5 years' experience (or more depending on academic credentials) in implementing complex projects/programmes.
  • Experience in developing countries or post-conflict environments is an asset.
  • Experience in writing reports, performing data analysis, and writing technical documents is an asset.
  • Knowledge of quality assurance methodologies is an asset.
  • Experience in risk management is an asset.
  • Experience working in multicultural teams is an asset.
  • Experience in managing teams is an asset.
  • Full working knowledge of English is essential.
  • Knowledge of another official UNOPS language is an asset.
  • Contract type: International Individual Contractor Agreement (IICA)
  • Contract level: ICS 10 / IICA 2
  • Contract duration: From contract start date - 31 July 2025 with the possibility of extension.

Please note that UNOPS does not accept unsolicited resumes.

Applications received after the closing date will not be considered.

Please note that only shortlisted candidates will be contacted and advance to the next stage of the selection process, which involves various assessments.

UNOPS embraces diversity and is committed to equal employment opportunity. Our workforce consists of many diverse nationalities, cultures,  languages, races, gender identities, sexual orientations, and abilities. UNOPS seeks to sustain and strengthen this diversity to ensure equal opportunities as well as an inclusive working environment for its entire workforce. 

Qualified women and candidates from groups which are underrepresented in the UNOPS workforce are encouraged to apply. These include in particular candidates from racialized and/or indigenous groups, members of minority gender identities and sexual orientations, and people with disabilities.

We would like to ensure all candidates perform at their best during the assessment process.  If you are shortlisted and require additional assistance to complete any assessment, including reasonable accommodation, please inform our human resources team when you receive an invitation.

Terms and Conditions 

For staff positions only, UNOPS reserves the right to appoint a candidate at a lower level than the advertised level of the post. 

For retainer contracts, you must complete a few Mandatory Courses (they take around 4 hours to complete) in your own time, before providing services to UNOPS. For more information on a retainer contract here .

All UNOPS personnel are responsible for performing their duties in accordance with the UN Charter and UNOPS Policies and Instructions, as well as other relevant accountability frameworks. In addition, all personnel must demonstrate an understanding of the Sustainable Development Goals (SDGs) in a manner consistent with UN core values and the UN Common Agenda.

It is the policy of UNOPS to conduct background checks on all potential personnel. Recruitment in UNOPS is contingent on the results of such checks.

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