school project business plan examples for students

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Provide real–world business plan examples for your students, inspire confidence in future entrepreneurs and easily create your class syllabus using industry–best business plans., liveplan gives students access to actual business plans so they can practice business planning in and outside of the classroom., it's not just a classroom project. it's your students planning for their futures..

Teach by example

LivePlan's examples of actual business plans show students how they can identify opportunities, meet challenges, and plan their path to profits. Just like real-world entrepreneurs.

No spreadsheets necessary

With all–in–one spreadsheet–free forecasting and pitching tools–students can use LivePlan to build a realistic business plan with accurate projections and compelling pitches. Analyze scenarios. Track progress. Set goals. All in LivePlan.

Works seamlessly with your classroom setup

With LivePlan you can simplify syllabus creation. LivePlan can also be used alongside classroom tools such as Blackboard and Canvas. LivePlan's optional instructional resources can enhance your syllabus with materials that introduce lean planning principles, growth metrics, financial forecasting, and more.

Instructors looking for a great tool to help students develop business plans need to look at Live Plan. The step–by–step process walks students through the entire process from Pitch to Financials. As the Instructor you can also have online access to their plan and provide feedback and comments as the plan develops.

Mike Allen Business Instructor, North Idaho College, Coeur d'Alene, ID

Bring out the best in every student

LivePlan's business plan examples help students turn ideas into top–notch business plans for class projects and startups. The tools, features, and instructional content allow you to focus on bringing out the best in your students for every plan and project.

Before using LivePlan, my students were intimidated by the business planning process. LivePlan breaks it down into manageable steps and takes the mystery out of developing a business plan.

Amy Schulz NACCE Vice President of Education, Membership and Associate Faculty, Feather River College, Quincy, CA

I used LivePlan to develop a business plan for a class project. Turns out, the project became part of a business plan competition where I placed second out of over 200 entries.

Sheila Austin Student

LivePlan provides your students with the tools to

Know the competition

No business operates in a vacuum. LivePlan incorporates real–world industry data, so students can better understand competitors, plan businesses around industry realities, and confidently execute data–driven strategies.

Build business dreams together

From sharing feedback and engaging in discussions, to simultaneously working on different parts of the plan, students can easily collaborate in groups using LivePlan.

Create a plan that fits their needs

Whether small or big, LivePlan can build out the right–sized business plan for your classroom projects. In LivePlan, students can develop a simple lean plan that focuses their ideas, or create a full business plan with all the details and steps necessary to persuade investors, attract partners, and turn their idea into a profitable reality.

With so much happening in the classroom, you need a tool that works with you, not one that makes you do extra work. Used by educators, consultants, entrepreneurs, and students all around the world, LivePlan has been regularly improved and streamlined so it's easy to use.

Develop confidence in their plan and themselves

It's one thing to plan a business. It's another thing to know how to talk about a business plan. Students can develop talking points and practice their pitch in LivePlan so they can discuss their enterprise with confidence and authority.

With LivePlan your students exceed expectations

With LivePlan, students create business plans that:

• Guide them from concept to actionable plan
• Build the confidence necessary to be entrepreneurs
• Combine pitching, forecasting, and collaboration

LivePlan streamlines projects for educators

LivePlan eases project management in the classroom, so instructors can:

• Pinpoint feedback and suggest improvements
• Monitor project progress
• Teach business planning instead of managing multiple apps

Go beyond business plan examples

LivePlan easily integrates into business courses, includes all materials and curriculum to support classroom business projects, and comes with free phone, email, and chat technical support.

The students very much appreciate the guidance the LivePlan program offers. I love the ability to act as a contributor to their plans. The help resources are phenomenal and easy to navigate.

John Shaw Assistant Professor of Management, Davis College of Business – Jacksonville University, Jacksonville, FL

See how LivePlan can upgrade your student's education

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Teachers and students love LivePlan

LivePlan really facilitated communication between students who were in a team on the business plan project. Students could comment on sections of their business plan and collaborate on what to change in their plan without having to meet face–to–face.

Amy Valente Assistant Professor of Business, Cayuga Community College, Auburn, New York

LivePlan helped us easily set up the business plan for our startup during our MBA. As soon as the other students saw it, they also wanted LivePlan. The time we saved on planning we could use for operational tasks. It was the ideal solution for us.

The product we produced by using Live Plan was exceptional, far exceeded our expectations, and came out so much better than we could have ever done on our own.

This product is a game-changer. It allows the non–MBA founder to unleash their potential through strategic planning and beautiful design. Highly recommended.

Answers Neuroscience

LivePlan is simply awesome.

Amit Agrawal

School Business Plan Template

Written by Dave Lavinsky

School Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their schools.

If you’re unfamiliar with creating a school business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a school business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a School Business Plan?

A business plan provides a snapshot of your school as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a School

If you’re looking to start a school or grow your existing school, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your school to improve your chances of success. Your school business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Schools

With regards to funding, the main sources of funding for schools are donations and gifts, tuition, personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for schools.

Finish Your Business Plan Today!

How to write a business plan for a school.

If you want to start a school or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your school business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of school you are running and the status. For example, are you a startup, do you have a school that you would like to grow, or are you operating a chain of schools?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the school industry.
• Discuss the type of school you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of school you are operating.

For example, you might specialize in one of the following types of schools:

• Private K-12 school : this type of school typically charges tuition, and may be affiliated with a religious organization, or specialize in a particular learning method.
• Charter school: this type of school offers primary or secondary education for a tuition, and may receive some public funding, and/or donations. These schools require their students to take state-mandated exams.
• Special subject school: this type of school specializes in teaching a specific subject, such as driving, first-aid, self-defense, fine arts, language, or general tutoring.
• Preschool: this type of school typically serves children who are aged 3 and 4. These schools prepare young children to enter formal education, and are funded by some combination of tuition, donations, and government grants.

In addition to explaining the type of school you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of students served, the number of students accepted into elite formal education institutions, etc.
• Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the school industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the school industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your school business plan:

• How big is the school industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your school? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your school business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: families with elementary-aged children, families with high-school-aged children, families with preschool children.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of school you operate. Clearly, families with high schoolers would respond to different marketing promotions than families with preschoolers, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other schools.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes public schools, virtual schools, and families who do homeschooling. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of students do they serve?
• What type of school are they?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide specialized instruction, either in subject or in method?
• Will you offer courses or services that your competition doesn’t?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a school business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of school that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide religious-focused K-8 education, college preparatory courses, or single-subject instruction like driving or fine arts?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the courses and/or extracurricular activities you offer and their prices.

Place : Place refers to the site of your school. Document where your company is situated and mention how the site will impact your success. For example, is your school located in a growing neighborhood, in the city center, or will you operate purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your school marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in local papers, radio stations and/or magazines
• Reach out to websites
• Distribute flyers
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your school, including answering calls, planning and delivering instruction, applying for grants, fundraising, performing administrative tasks, overseeing instructors, handling discipline, scheduling and monitoring extracurricular activities, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to enroll your Xth student, or when you hope to reach $X in revenue. It could also be when you expect to expand your school to a new city.  

Management Team

To demonstrate your school’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing schools. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in running a school or experience with public school administration or who has served on a public school board.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you enroll 100 or 1,000 students per semester, and/or offer extracurricular activities? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your school, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a school:

• Cost of equipment and supplies
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your school location lease or a list of elective courses or extracurricular activities you will offer.  

Writing a business plan for your school is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the school industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful school.  

School Business Plan FAQs

What is the easiest way to complete my school business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your school business plan.

How Do You Start a School?

Starting a school is easy with these 14 steps:

• Choose the Name for Your School
• Create Your School Business Plan
• Choose the Legal Structure for Your School
• Secure Startup Funding for Your School (If Needed)
• Secure a Location for Your Business
• Register Your School with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your School
• Buy or Lease the Right School Equipment
• Develop Your School Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your School
• Open for Business

Learn more about   how to start your own school .

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Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to learn about Growthink’s business plan writing services .

Other Helpful Business Plan Articles & Templates

40+ Fun And Profitable Unique Business Ideas For School Project

Are you a student looking for a unique and engaging school project idea that goes beyond traditional assignments? Exploring innovative business ideas within the field of school projects opens doors to creativity and practical learning. It is an avenue where students merge education with entrepreneurship, encouraging skills and knowledge beyond the classroom. A school project business idea involves conceptualizing, planning, and executing a business venture within the school’s framework, allowing students to gain hands-on experience.

In our blog, we will provide the significance of these ventures, highlighting the advantages considerations when selecting ideas, and presenting a comprehensive list of 40+ unique and profitable business ideas tailored for school projects. We’ll guide you through the steps of idea development, offer success tips, address implementation challenges, and provide strategies to overcome them. 

Stay tuned with us to explore the world of unique business ideas for school project.

What Is A School Project Business Idea?

Table of Contents

A school project business idea is like a special plan students create for their school work that’s all about starting a small business. It’s a way for students to bring their ideas to life, by thinking, planning, and doing something like running a business, but within the school. These projects can be about selling products, offering services, or even organizing events. They’re a chance for students to learn by doing, applying what they’ve learned in class to a real-life situation.

These projects are not just about making money; they’re about learning. Students figure out how a business works, how to manage money, how to talk to customers, and how to solve problems. It’s a fun way for students to be creative and develop skills that can help them in the future, teaching them about responsibility and teamwork along the way.

Benefits Of Starting A Unique Business Ideas For School Project

Here are some benefits of starting a unique business ideas for school project:

1. Hands-on Learning

Starting a unique business idea for a school project provides practical learning experiences. It’s like doing things instead of just reading about them, offering a real taste of how business works, teaching students more than just facts.

2. Skill Development

It’s like a playground for skills. Students learn how to talk to people, work in a team, handle money, and solve problems. These skills aren’t just for the project; they’re important skills for life.

3. Applying Classroom Knowledge

Things learned in class become real in these projects. For example, if they’re studying math, they can use it to manage their project’s money or understand profit and loss.

4. Understanding Business Concepts

Students get a peek into how businesses run. They learn about making products or providing services, advertising, and dealing with customers, which helps them see how real businesses operate.

5. Boosting Confidence

By doing a project and seeing it succeed, students feel confident about their abilities. It’s like a high-five for their hard work, helping them believe in themselves and their skills.

Factors To Consider When Choosing A School Project Business Idea

Here are some factors to consider when choosing a school project business idea:

1. Interest and Passion

Choosing a project idea that students are excited about and love doing is really important. When they’re passionate, it feels less like work and more like fun. It helps them stay motivated and committed to the project.

2. Resources Available

Students need to think about what they have access to—like materials, time, and support. It’s about being realistic and choosing an idea that fits what’s available. For example, if they have limited funds, choosing a costly project might not be the best idea.

3. Target Audience

Knowing who the project is for is vital. Students need to think about who will be interested in what they’re offering. Comprehending the requirements and inclinations of their target audience aids in customizing their project for enhanced success.

4. Feasibility and Scalability

The project idea should be doable within the given time and resources. It’s good to start small, but also to think if the idea could grow bigger if things go well. Starting small helps understand how to expand.

5. Educational Value

The project should not just be about making money; it should teach something. Students need to consider what they can learn from the project and how it aligns with their educational goals.

40+ Fun & Profitable Unique Business Ideas For School Project

In this section we provide 40+ fun and profitable unique business ideas for school project:

1. Pet Sitting Services

Pet sitting services provide a convenient solution for pet owner who need someone to care for their furry friends while they are away. This project requires minimal investment in advertising, basic pet care supplies, and transportation. 

Finance Required

Skills required.

• Basic knowledge of pet care
• Responsible and reliable nature
• Good communication skills

2. Customized T-Shirt Printing

Customized t-shirt printing allows individuals to express their creativity by designing and printing unique t-shirts. This project requires a t-shirt printing machine, blank t-shirts, and various printing supplies.

• Graphic design skills
• Knowledge of t-shirt printing techniques
• Marketing and customer service skills

3. Organic Gardening and Produce Sales

Organic gardening involves growing fruits and vegetables without the use of synthetic pesticides and fertilizers. Students can sell the organic produce they grow at local farmers’ markets or through a subscription-based service. This project requires gardening tools, seeds, and marketing materials. 

Low to Moderate

• Gardening and horticulture knowledge
• Marketing and sales skills
• Understanding of organic farming practices

4. Event Planning Services

Event planning services involve organizing and coordinating various events, such as birthday celebrations,corporate gatherings and weddings. Students can offer their services by creating customized event packages and coordinating with vendors. This project requires excellent organizational skills and the ability to manage budgets effectively.

Low to Moderate 

• Strong organizational and time-management skills
• Excellent communication and negotiation skills
• Attention to detail

5. Handmade Jewelry Design and Sales

Handmade jewelry design and sales involve creating unique and artistic jewelry pieces using various materials, such as beads, gemstones, and metals. Students can sell their creations online, at local craft fairs, or through consignment in retail stores. This project requires jewelry-making tools, materials, and marketing materials. 

• Creativity and design skills
• Basic knowledge of jewelry-making techniques

6. Mobile App Development

Mobile app development involves creating applications for smartphones and tablets. Students can develop apps for various purposes, such as gaming, productivity, or education. This project requires programming skills, access to a computer or laptop, and software development tools. 

Low to High (depending on app complexity) 

• Programming skills (such as Java, Swift, or HTML)
• Problem-solving and analytical thinking
• User interface design knowledge

7. Eco-friendly Cleaning Products

Eco-friendly cleaning products are becoming increasingly popular as people seek environmentally friendly alternatives to traditional cleaning supplies. Students can create and sell their own line of eco-friendly cleaning products, such as all-purpose cleaners, laundry detergents, and dish soaps. This project requires research on eco-friendly ingredients, packaging materials, and marketing efforts. 

• Knowledge of eco-friendly ingredients and their benefits
• Basic understanding of chemistry

8. Language Tutoring Services

Language tutoring services involve teaching others to speak and understand different languages. Students can offer one-on-one tutoring sessions or group lessons either in person or online. This project requires proficiency in the chosen language, teaching materials, and marketing efforts. 

• Fluency in the chosen language
• Teaching and communication skills
• Patience and adaptability

9. Local Tour Guide Services

Local tour guide services involve providing guided tours and showcasing the attractions and landmarks in a particular area. Students can create customized tour packages and offer their services to tourists or locals. This project requires in-depth knowledge of the local area, good communication skills, and marketing efforts. 

• Extensive knowledge of the local area
• Excellent communication and storytelling skills
• Ability to manage and coordinate tours

10. Upcycled Furniture Design and Sales

Upcycled furniture design and sales involve transforming old and discarded furniture into unique and stylish pieces. Students can acquire old furniture, refurbish and redesign them, and sell them to customers looking for sustainable and affordable home decor options. This project requires furniture restoration tools, materials, and marketing efforts. 

• Basic knowledge of furniture restoration techniques

11. Personalized Gift Creation

Personalized gift creation involves designing and creating customized gifts for various occasions, such as birthday parties, weddings, and anniversaries. Students can offer personalized items, such as engraved jewelry, custom-made photo albums, or monogrammed accessories. This project requires crafting materials, design software, and marketing efforts. 

12. Vintage Clothing Resale

Vintage clothing resale involves sourcing and selling vintage and retro clothing items. Students can curate a collection of unique and fashionable vintage pieces and sell them online or through pop-up shops. This project requires sourcing vintage clothing, marketing efforts, and packaging materials. 

• Knowledge of vintage fashion trends
• Basic understanding of clothing sizing and alterations

13. Personal Fitness Training

Personal fitness training involves providing customized fitness plans and guidance to individuals looking to achieve their health and fitness goals. Students can offer one-on-one training sessions or group fitness classes. This project requires fitness certifications, fitness equipment, and marketing efforts. 

• Knowledge of exercise techniques and fitness principles
• Motivational and coaching skills

14. Virtual Assistance Services

Virtual assistance services involve providing administrative and organizational support to individuals or businesses remotely. Students can offer services such as email management, scheduling, social media management, and data entry. This project requires a computer or laptop, internet access, and marketing efforts. 

• Excellent communication and computer skills

15. Homemade Soap and Bath Product Creation

Homemade soap and bath product creation involves making natural and luxurious soaps, bath bombs, and body scrubs. Students can create their own unique formulations and sell these products online or at local markets. This project requires soap-making ingredients, molds, and packaging materials. 

• Knowledge of soap-making techniques and ingredients

16. Online Reselling

Online reselling involves sourcing and selling second-hand or discounted items through online platforms. Students can find items at thrift stores, garage sales, or clearance sales, and resell them at a higher price. This project requires an online selling platform account, packaging materials, and marketing efforts. 

• Knowledge of market trends and popular items
• Basic understanding of online selling platforms

18. Photography Services

Photography services involve capturing moments and creating memorable images for various occasions, such as weddings, birthdays, or family portraits. Students can offer their photography skills for hire and provide digital or printed copies of the photographs. This project requires a camera, photography accessories, and marketing efforts.

• Knowledge of photography techniques and equipment
• Creativity and an eye for composition

19. Outdoor Adventure Guide Services

Outdoor adventure guide services involve leading and organizing outdoor activities, such as hiking, tracking, or camping trips. Students can create adventure packages and offer their services to adventure enthusiasts. This project requires knowledge of outdoor activities, safety equipment, and marketing efforts.

  Low to Moderate 

• Extensive knowledge of outdoor activities and safety protocols
• Excellent communication and leadership skills
• Ability to manage and coordinate group activities

20. Social Media Management

Social media management involves managing and maintaining social media accounts for individuals or businesses. Students can offer services such as content creation, posting schedules, and interaction with followers. This project requires knowledge of social media platforms, content creation tools, and marketing efforts. 

• Knowledge of various social media platforms
• Excellent communication and writing skills
• Basic understanding of content creation and marketing

21. Handmade Candle Making

Handmade candle making involves creating unique and scented candles using various waxes, fragrances, and molds. Students can sell their handmade candles online, at local markets, or through consignment in retail stores. This project requires candle-making supplies, fragrance oils, and marketing efforts. 

• Knowledge of candle-making techniques and materials

22. Computer Repair Services

Computer repair services involve diagnosing and fixing hardware or software issues on computers and laptops. Students can offer troubleshooting and repair services to individuals or businesses in need. This project requires knowledge of computer hardware and software, repair tools, and marketing efforts. 

• Knowledge of computer hardware and software troubleshooting

23. Healthy Meal Prep Services

Healthy meal prep services involve preparing and delivering nutritious and ready-to-eat meals to individuals or families. Students can create customized meal plans based on dietary preferences and deliver the meals on a regular basis. This project requires meal prep containers, cooking equipment, and marketing efforts. 

• Culinary skills and ability to prepare nutritious meals
• Time-management and organizational skills

24. Graphic Design Services

Graphic design services involve creating visual content for various purposes, such as logos, brochures, websites, or social media posts. Students can offer their graphic design skills for hire and provide customized designs based on client needs. This project requires graphic design software, a computer or laptop, and marketing efforts. 

• Proficiency with graphic design programs (like Adobe Illustrator or Photoshop)
• Attention to detailed information and ability to understand client requirements

25. Personalized Stationery Design and Sales

Personalized stationery design and sales involve creating and selling customized stationery items, such as notepads, greeting cards, or planners. Students can offer personalized designs based on client preferences and sell them online or at local markets. This project requires stationery materials, printing equipment, and marketing efforts. 

• Knowledge of printing techniques and materials

26. Handmade Home Decor

Handmade home decor involves creating unique and artistic home decoration items, such as wall art, pillows, or ceramics. Students can sell their handmade creations online, at local craft fairs, or through consignment in retail stores. This project requires crafting materials, design tools, and marketing efforts. 

• Basic knowledge of crafting techniques and materials

27. Music Lessons

Music lessons involve teaching individuals to play musical instruments or improve their singing skills. Students can offer one-on-one lessons or group classes either in person or online. This project requires proficiency in the chosen musical instrument or vocal training, teaching materials, and marketing efforts. 

• Proficiency in the chosen musical instrument or vocal training

28. Freelance Writing Services

Freelance writing services involve providing written content for various purposes, such as articles, blog posts, or website copy. Students can offer their writing skills for hire and provide customized content based on client requirements. This project requires good writing skills, research capabilities, and marketing efforts. 

• Excellent writing skills
• Research and information-gathering abilities
• Marketing and client communication skills

29. Eco-friendly Product Retail

Eco-friendly product retail involves sourcing and selling environmentally friendly products, such as reusable water bottles, sustainable clothing, or zero-waste items. Students can create an online store or sell products through pop-up shops. This project requires sourcing eco-friendly products, marketing efforts, and packaging materials. 

• Knowledge of eco-friendly products and their benefits
• Basic understanding of online retail or pop-up shop management

30. Online Fitness Classes

Online fitness classes involve providing workout sessions and fitness guidance through virtual platforms. Students can create customized fitness programs, conduct live or pre-recorded classes, and offer personalized coaching. This project requires fitness certifications, video recording equipment, and marketing efforts. 

• Ability to create engaging and effective workout programs

31. Social Media Influencer

Social media influencing involves building a following on platforms like Instagram, YouTube, or TikTok and partnering with brands for sponsored content or collaborations. Students can create engaging and relevant content to attract followers and monetize their social media presence. This project requires content creation skills, social media management, and marketing efforts. 

• Creativity and content creation skills
• Familiarity with social media platforms and trends
• Marketing and negotiation skills

32. Online Language Courses 

Online language courses involve creating and teaching language courses through virtual platforms. Students can offer courses for various levels and languages, providing study materials, exercises, and personalized feedback. This project requires fluency in the chosen language, teaching materials, and marketing efforts. 

• Ability to create engaging and effective language learning materials

33. Arts and Crafts Workshops

Arts and crafts workshops involve organizing and conducting creative workshops for individuals or groups. Students can teach various art techniques, such as painting, pottery, or jewelry making. This project requires art supplies, workshop space, and marketing efforts. 

Finance Required 

 skills required.

• Proficiency in the chosen art technique
• Ability to create engaging and educational workshop content

34. Online Coaching and Mentoring

Giving advice and assistance to people looking to advance personally or professionally is the goal of online coaching and mentoring. Students can offer coaching services in areas such as career development, life skills, or academic success. This project requires expertise in the chosen coaching area, coaching materials, and marketing efforts. 

• Expertise in the chosen coaching area
• Active listening and communication skills

35. Personalized Home Organization Services

Personalized home organization services involve helping individuals declutter and organize their living spaces. Students can offer organizing services for specific areas, such as closets, kitchens, or home offices. This project requires organizing tools, transportation, and marketing efforts. 

• Attention to detail and ability to create efficient systems

36. Digital Marketing Consultancy

Digital marketing consultancy involves providing expert advice and strategies to businesses looking to enhance their online presence. Students can provide services such as social media marketing, search engine optimization, or content creation. This project requires knowledge of digital marketing strategies, marketing tools, and client communication.

• Knowledge of digital marketing strategies and tools
• Analytical thinking and problem-solving skills

37. Eco-tourism Guide Services

Eco-tourism guide services involve leading and organizing environmentally friendly tours in natural or conservation areas. Students can create eco-tourism packages and educate participants about wildlife, ecosystems, and sustainable practices. This project requires knowledge of eco-tourism principles, safety equipment, and marketing efforts. 

• Extensive knowledge of local ecosystems and wildlife
• Ability to educate and engage participants in sustainable practices

38. Virtual Reality (VR) Experience Creation 

Virtual reality experience creation involves developing immersive and interactive virtual reality content for entertainment or educational purposes. Students can create virtual reality experiences and offer them for rent or provide on-site experiences at events. This project requires virtual reality equipment, software development skills, and marketing efforts. 

Moderate to High 

• Knowledge of virtual reality technology and software
• Programming and software development skills
• Creativity and storytelling abilities

39. Online Tutoring Services

Online tutoring services involve providing academic support and guidance to students in various subjects. Students can offer one-on-one tutoring sessions or group lessons through virtual platforms. This project requires expertise in the chosen subject, teaching materials, and marketing efforts. 

• Proficiency in the chosen subject
• Ability to adapt teaching methods to individual learning styles

40. Custom Cake Design and Baking

Custom cake design and baking involve creating unique and customized cakes for special occasions, such as birthdays, weddings, or anniversaries. Students can offer their baking and cake decorating skills and provide personalized designs based on client preferences. This project requires baking supplies, cake decorating tools, and marketing efforts. 

• Baking and cake decorating skills

41. Online Yoga and Meditation Classes 

Online yoga and meditation classes involve providing virtual sessions for individuals seeking relaxation, mindfulness, and physical well-being. Students can create customized yoga and meditation programs, conduct live or pre-recorded classes, and offer personalized guidance. This project requires yoga certifications, video recording equipment, and marketing efforts.

• Proficiency in yoga and meditation techniques
• Ability to create calming and engaging sessions

Steps To Develop A Unique Business Idea

Here are some main steps to develop a unique business idea:

Step 1: Identify Interests and Problems

Step 2: Research and Brainstorm Ideas

Step 3: Define Target Audience and Needs

Step 4: Create a Unique Solution or Product

Step 5: Plan and Test Your Idea

Read More 

• Business Intelligence Projects For Beginners
• How To Use Business Intelligence To Make Better Business Decisions

Tips For Successfully Completing The School Project Business

Here are some tips for successfully completing the school project business:

Tip 1: Plan and Organize

Create a plan and keep things organized. Planning helps to know what to do, when to do it, and what materials are needed, while being organized makes the project easier to manage.

Tip 2: Communicate Well

Good communication is essential. Talking to team members and customers helps everyone know what’s going on, preventing misunderstandings and keeping the project on track.

Tip 3: Stay Flexible

Being flexible helps to adapt to changes or problems. Things might not always go as planned, so being open to changes and new ideas is important.

Tip 4: Learn from Mistakes

Mistakes happen, and that’s alright. Learning from them helps to improve. Instead of feeling bad, see mistakes as chances to do better next time.

Tip 5: Celebrate Achievements

Celebrate progress and success. Recognizing accomplishments, big or small, keeps motivation high and shows how much has been achieved.

Challenges While Implementing Unique Business Ideas And How To Overcome Them

Here are some challenges while implementing unique business ideas and how to overcome them: 

1. Limited market acceptance

One of the challenges in implementing unique business ideas is the limited acceptance of new concepts in the market.

How To Overcome: Businesses can conduct market research to understand the target audience’s needs and preferences, and then tailor their unique idea to meet those demands effectively.

2. Lack of funding

Another challenge is the lack of funding to bring unique business ideas to life.

How To Overcome: Individual investors, venture capitalists, crowdsourcing, and even bootstrapping are just a few of the funding possibilities available to entrepreneurs. Additionally, in order to draw in possible investors, they can write an engaging business plan.

3. Resistance to change

Implementing unique business ideas often faces resistance from employees, customers, or even stakeholders who are comfortable with the status quo. 

How To Overcome: Businesses should focus on effective communication and change management strategies. They can involve employees in the decision-making process, provide training and support, and demonstrate the benefits of the new idea to gain buy-in from all stakeholders.

4. Competitive landscape

Unique business ideas may face intense competition from existing players in the market. 

How To Overcome: Businesses should differentiate themselves by emphasizing their unique selling points and value proposition. They can also focus on creating a strong brand identity and building customer loyalty through exceptional service and innovative marketing strategies.

5. Uncertainty And Risk

Implementing unique business ideas involves a certain level of uncertainty and risk.

How To Overcome: Businesses can conduct thorough market research, analyze potential risks, and develop contingency plans. They can also seek advice from industry experts and mentors to gain insights and guidance throughout the implementation process.

After exploring unique business ideas for school project is an engaging path toward practical education . Students discover the significance of hands-on learning, navigating the ropes of entrepreneurship within their educational sphere. Considering passion, resources, and audience, 40+ creative business ideas cater to school projects. 

Understanding how to develop unique ideas and implementing essential success tips equips students with practical skills. Challenges become stepping stones, encouraging adaptability and resilience. These projects foster growth, shaping young minds for future ventures. Embracing creativity and learning from experience, students find inspiration and valuable lessons, laying a solid foundation for their entrepreneurial journey.

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School Business Plan

High demand and a recurring revenue model make starting a school business a lucrative and rewarding profession.

Anyone can start a new business, but you need a detailed business plan when it comes to raising funding, applying for loans, and scaling it like a pro!

Need help writing a business plan for your school business? You’re at the right place. Our school business plan template will help you get started.

Free Business Plan Template

Download our free business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

• Fill in the blanks – Outline
• Financial Tables

How to Write A School Business Plan?

Writing a school business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

Introduce your Business:

Start your executive summary by briefly introducing your business to your readers.

Market Opportunity:

Educational programs & services:.

Highlight the school services you offer your clients. The USPs and differentiators you offer are always a plus.

Marketing & Sales Strategies:

Financial highlights:, call to action:.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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Plans starting from $7/month

2. Business Overview

The business overview section of your business plan offers detailed information about your business. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

Business Description:

Describe your business in this section by providing all the basic information:

Describe what kind of school business you run and the name of it. You may specialize in one of the following school businesses:

• Public schools
• Private schools
• Charter schools
• Magnet schools
• Virtual or online schools
• Boarding schools
• International schools
• Religious schools
• Describe the legal structure of your school, whether it is a sole proprietorship, LLC, partnership, or others.
• Explain where your business is located and why you selected the place.

Mission Statement:

Business history:.

If you’re an established school, briefly describe your business history, like—when it was founded, how it evolved over time, etc.

Additionally, If you have received any awards or recognition for excellent work, describe them.

Future Goals

This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

Target market:

Start this section by describing your target market. Define your ideal customer and explain what types of services they prefer. Creating a buyer persona will help you easily define your target market to your readers.

Market size and growth potential:

Describe your market size and growth potential and whether you will target a niche or a much broader market.

Competitive Analysis:

Market trends:.

Analyze emerging trends in the industry, such as technology disruptions, changes in customer behavior or preferences, etc. Explain how your business will cope with all the trends.

Regulatory Environment:

Here are a few tips for writing the market analysis section of your school business plan::

• Conduct market research, industry reports, and surveys to gather data.
• Provide specific and detailed information whenever possible.
• Illustrate your points with charts and graphs.
• Write your business plan keeping your target audience in mind.

4. Products And Services

The product and services section should describe the specific services and products that will be offered to students. To write this section should include the following:

Describe your school services:

Mention the school services your business will offer. This list may include services like,

• Education programs
• Extracurricular activities
• Counseling & Guidance
• Special education services
• Transportation services
• Food services
• Testing and assessments

Describe specialized programs:

Student leadership programs, additional services:.

In short, this section of your school plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Unique Selling Proposition (USP):

Define your business’s USPs depending on the market you serve, the equipment you use, and the unique services you provide. Identifying USPs will help you plan your marketing strategies.

Pricing Strategy:

Marketing strategies:, sales strategies:, customer retention:.

Overall, this section of your school business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your school business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

Staffing & Training:

Operational process:, equipment & software:.

Include the list of equipment and software required for school, such as whiteboards & projectors, student information systems, learning management systems, communication & collaboration tools, etc.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your school business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

Founders/CEO:

Key managers:.

Introduce your management and key members of your team, and explain their roles and responsibilities.

Organizational structure:

Compensation plan:, advisors/consultants:.

Mentioning advisors or consultants in your business plans adds credibility to your business idea.

This section should describe the key personnel for your school, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

Profit & loss statement:

Cash flow statement:, balance sheet:, break-even point:.

Determine and mention your business’s break-even point—the point at which your business costs and revenue will be equal.

Financing Needs:

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

• Add a table of contents for the appendix section to help readers easily find specific information or sections.
• In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
• Provide data derived from market research, including stats about the industry, user demographics, and industry trends.
• Include any legal documents such as permits, licenses, and contracts.
• Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your school business plan should only include relevant and important information supporting your plan’s main content.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

This sample school business plan will provide an idea for writing a successful school plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our school business plan pdf .

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Frequently asked questions, why do you need a school business plan.

A business plan is an essential tool for anyone looking to start or run a successful school business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your school.

How to get funding for your school business?

There are several ways to get funding for your school business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

• Bank loan – You may apply for a loan in government or private banks.
• Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
• Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
• Angel investors – Getting funds from angel investors is one of the most sought startup options.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your school business?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your school business plan and outline your vision as you have in your mind.

What is the easiest way to write your school business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any school business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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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.

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:

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, balance sheet, cash flow statement, 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

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How to write a business plan for your private school project.

Starting a private school is a great way to provide students with an alternative education option that is tailored to their individual needs and interests.

It also allows for greater autonomy and flexibility in curriculum design and implementation, allowing for more personalized learning experiences.

But, before that, you need a business plan.

Creating a business plan before beginning a project is essential for success. It helps to identify potential risks and opportunities, as well as providing a roadmap for the project.

In short, a good business plan will help ensure the profitability of your private school project .

What should be covered when creating a business plan for a private school? How can it be effectively planned? What are the essential financial measures to include? What steps should I take to ensure an efficient process when writing a business plan?

Good news, you can find all the answers to these questions in the forthcoming article!

One last thing: you can avoid starting your business plan from scratch.

Feel free to download our professional business plan for a private school and tailor it to suit your project.

Designing a business plan for a private school

Is a business plan recommended for your private school project.

Yes, you should create a business plan for your private school project.

Crafting a well-structured business plan will help you to:

• gain knowledge of the private school market
• keep up with the industry's changing trends
• discover what makes a private school competitive
• understand parents' educational preferences and expectations
• come up with a winning value proposition for your independent educational institution
• examine competitor market share
• find solid competitive advantages for your private school project
• find a business model that will lead to a positive bottom line
• implement a winning strategy on the short and the long-term
• assess potential risks involved in starting a private school, such as regulatory compliance, student safety, and educational quality

Our team has created a business plan for a private school that is designed to make it easier for you to achieve all the elements listed.

How to outline a business plan for a private school?

If done well, your business plan will be a full package of content, metrics and financial data. It must be presented in a structured format, to make easy to read and digest.

When we built our business plan for a private school , we made sure to structure it propertly.

You'll come across 5 sections (Opportunity, Project, Market Research, Strategy and Finances).

1. Market Opportunity

The section number one is called "Market Opportunity".

Access relevant data and metrics for the private school project, assisting you in analyzing the opportunities and challenges within the education and schooling sector.

The data here is always fresh; we update it twice a year.

2. Project Presentation

The "Project" section is where you outline your private school project. You can describe the educational philosophy, curriculum offerings, extracurricular activities, facilities, teaching staff qualifications, admission process, and the unique value proposition that sets your school apart in providing quality education.

Remember to introduce yourself at the end of this section.

Discuss your passion for education, your vision for the private school, and how you plan to create an enriching and nurturing learning environment for students. Highlight your qualified faculty, your innovative curriculum, and your dedication to providing personalized attention and holistic development opportunities through your private school project.

We wrote some content in our business plan. Change it to fit your concept.

3. Market Research

The next item on the list is the "Market Research" section.

The purpose of this section is to introduce the market segments for your private school project.

It includes a competition study, outlining other private schools in the area. Your school's unique educational programs and competitive advantages are also highlighted. A customized SWOT analysis is included.

4. Strategy

Within the "Strategy" section, a detailed plan spanning three years is presented, highlighting the initiatives and actions necessary to make your private school project highly profitable.

Additionally, you'll find a marketing strategy, a plan to manage risks, and a completed Business Model Canvas, tailored to a private school, in this section.

5. Finances

In the end, the section labeled "Finances" allows you to showcase the financial details and values of your project.

How to elaborate the Executive Summary for a private school?

The Executive Summary serves as a compact introduction to the business plan of your private school project.

Don't go beyond 2 pages; ensure you include only the critical information.

This document is designed to make the reader excited about your business plan.

In the Executive Summary of your private school project, answer these questions: what is your private school project about? who is your target market? are there other private schools in the area? what sets your school apart from them? how much funding do you require?

How to do the market analysis for a private school?

The market study of your private school project helps you understand external factors such as parent preferences for education, competition within the private school sector, and emerging trends in educational practices.

By conducting an extensive market study, a private school can understand parent and student needs, offer quality education and comprehensive programs, optimize pricing strategies, and execute targeted marketing campaigns, ultimately leading to a larger student base, increased enrollment, and a prominent position in the private education sector.

Here is what what we've put in the "Market Research" section of our business plan for a private school :

• key insights and trends in private schools, including private school enrollment rates, education quality, and the impact of specialized private school programs
• a list of potential market segments for a private school
• the competitive review
• the competitive advantages to target for a private school

The key points of the business plan for a private school

What's the business model of a private school, business model of a private school.

a private school's business model revolves around providing education services to students in a private setting. Revenue is generated through tuition fees, potentially offering additional services such as extracurricular activities or specialized programs.

The business model focuses on offering a high-quality and comprehensive curriculum, hiring qualified educators, providing modern facilities and resources, marketing to target parents and students, and building strong relationships with parents and the local community.

Success depends on establishing a positive reputation for academic excellence, attracting and retaining students, meeting regulatory requirements, effective marketing strategies, and delivering a holistic and enriching educational experience.

Business model ≠ Business plan

Avoid confusing "business plan" with "business model."

A business model is a framework that outlines how a company creates value, delivers products or services, and generates revenue.

In a business plan, you employ the Business Model Canvas as a practical tool to outline the key aspects of your business model.

Rest assured, there is a Business Model Canvas (already completed) in our business plan for a private school .

How do you identify the market segments of a private school?

Segmenting the market for your private school project involves dividing your potential students and families into different groups based on their educational needs, preferences, and demographics.

These categories may include factors such as grade levels, curriculum types, extracurricular programs, or families seeking specific educational approaches (e.g., Montessori, STEM, arts-focused).

By segmenting your market, you can offer a private school experience that caters to each segment's specific requirements. For example, you might provide elementary, middle, and high school programs for students of different grade levels, offer a comprehensive curriculum that encompasses a range of subjects and learning areas, specialize in specific educational approaches or philosophies such as Montessori, STEM (Science, Technology, Engineering, and Mathematics), or an arts-focused curriculum, or focus on offering a variety of extracurricular programs and enrichment activities that align with the interests and talents of students.

Market segmentation allows you to effectively target your marketing efforts, communicate the unique benefits of your private school, and provide a nurturing and stimulating educational environment that meets the unique needs and preferences of each student segment and their families.

In the business plan for a private school , you will find a comprehensive market segmentation that will help you identify your potential customers.

How to conduct a competitor analysis for a private school?

Without surprise, you won't be the only private school project in your area. There are other educational initiatives working towards establishing quality private schools.

Develop a solid business plan by conducting an extensive competitor analysis that evaluates their strengths and weaknesses.

Address their weaknesses (such as inadequate curriculum design, lack of extracurricular activities, or poor student support services).

Why is it crucial to notice these aspects? Because these weaknesses can impact the success of private school projects.

By focusing on these areas, you can offer a comprehensive and well-rounded education curriculum, provide qualified and dedicated teaching staff, and create a nurturing and inclusive school environment, positioning your private school project as a preferred choice for parents and students seeking quality education and holistic development.

It's what we call competitive advantages—building them is essential for a standout business.

Here are some examples of competitive advantages for a high school: experienced and dedicated teaching staff, diverse educational programs, supportive learning environment.

How to draft a SWOT analysis for a high school?

A SWOT analysis can help identify potential opportunities and threats that can affect the success of the private school project.

As you can guess, there is indeed a completed and editable SWOT matrix in our business plan for a private school

The strengths for a private school

S stands for Strengths in SWOT, representing the project's valuable strengths or advantages.

For a private school, possible strengths could include a highly qualified teaching staff, a rigorous academic curriculum, a diverse student body, and a strong emphasis on extracurricular activities.

The weaknesses for a private school

The "W" symbolizes Weaknesses, indicating the specific areas or aspects of the project that require attention.

For a private school, potential weaknesses could include inadequate funding, lack of qualified teachers, insufficient resources, and limited parental involvement.

The opportunities for a private school

The "O" in SWOT stands for Opportunities, which are positive external factors that can help the project succeed.

In the case of a private school, potential opportunities include creating an innovative curriculum, increasing student engagement, expanding the school's reach through technology, and developing community partnerships.

The threats for a private school

When we refer to the "T" in SWOT, we're referring to Threats, which are the external risks or detrimental factors that can impact the project's performance.

How to develop a marketing plan for a high school?

A marketing strategy is a necessary component of a business plan as it describes how a business will engage customers and generate sales.

A well-crafted marketing strategy will attract parents seeking quality education for their children to your private school project.

Parents won't enroll their children in your private school project without effective marketing; showcasing the quality of education, extracurricular activities, and nurturing environment is crucial.

Are you implementing effective marketing strategies for your private school project? Consider hosting open houses or informational sessions for parents, showcasing your school's unique educational programs, and utilizing targeted advertising campaigns in local communities.

Don't worry if you have no clue about marketing and communication.

How to build a solid financial plan for a high school?

A successful business plan must include detailed financial information, such as income and expense projections, cash flow statements, and a break-even analysis.

In the process of developing your business plan, you'll need to determine the expected revenue for your private school project.

The revenue forecast should be based on reliable information and reflect current market conditions.

Our financial plan for a private school is straightforward and equipped with automated checks, enabling you to validate and adjust your assumptions easily. This way, we make sure you're building solid financial projections.

It goes without saying that you'll have to develop a provisional budget for your private school project. Don't overlook any expense. By the way, we've listed them all in our financial plan!

The break-even analysis is central in the financial plan as it will tell you whether your private school project will be profitable or not.

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How to write a simple business plan for students.

A business plan always has the same structure. Of course, if you plan to sell coffee, not to produce it, you will skip the “production” part, but other than that – you can’t skip anything.

Writing a business plan as a student , as a part of your college or university project, the best thing you can do is just to go into too many details. You have to save the structure, but you can describe your competitors in one abstract, not in five pages, with numbers and poll data.

Basic Business Plan Structure

Mostly, students are asked to make a marketing analysis and marketing plan more professionally than other parts, so we give more details about them.

Description of your business

Here is a brief overview of the experience of the entrepreneur, the date of creation of the company, the field of business, goals, and objectives of the work, available base, and resources.

Market analysis

List of competitors and their offers, estimation of demand, options of promotion and sale.

• Evaluation of the market. It is necessary to estimate the capacity of the market, the population, the number of potential customers. It is difficult to do this without complete marketing research. Therefore, you should look for the results of this assessment for your region. As a last resort, you can predict the estimated demand.
• Competitors. Make a list of your competitors who are already working in this market. Not only direct competitors that offer similar products and services but also those companies that produce alternative services should be considered. If you do not have a specialized tea boutique in your city, this does not mean that the market is free from competitors: you have to fight for customers with those department stores and supermarkets that also sell different types of tea.

Production plan

List of products (services provided) and their volumes, technological processes, necessary equipment and materials, cost calculation.

• Business processes. Write down the list of equipment, tools, raw materials, and materials needed to create your chosen range of products and services. Calculate the optimum production volumes your equipment can handle. Specify which employees and what kind of downloads you will need.
• Products. List the products, services, and work that you will offer your customers. Costs for the organization of business processes will allow you to find out the cost and to make a price list.
• Start-up investment. Calculate how much money it will take to start a project. Sum up the cost of all assets, fixed assets, repairs, materials, and other expenses that will be required to start production.

Organizational plan

List of necessary staff, organization of work, distribution of functions and tasks in the team, involvement of third-party organizations and specialists, personnel costs — calendar of activities for launching the project.

Marketing plan

Advertising channels and costs, ways to promote a company and its products (services), estimated marketing impact – sales volume, number of customers, and transactions.

• Promotion channels. Newspaper ads, radio and TV commercials, online advertising, creating your own site and group on social networks, advertising in local publics and forums, participating in trade shows .
• Target audience. Who to focus on when organizing sales. Who your client is by age, gender, occupation, income level. Where to find them and how to reach.
• Promotion cost. How much will it cost to find and engage? How often you will have to run ads, what are the appropriate options to choose?

Financial indicators

This is where the financial side of your business is reflected, namely: future costs (product purchases, rentals, hiring, etc.), revenue, net profit, profitability, and return on the project.

Risk assessment

A list of major issues that a company may face, their potential consequences, and a plan of measures to minimize them.

Project summary

The most important part is a compact presentation of the contents of the entire document on several pages, it is important here to place the accents correctly, taking into account the addressee and the purpose of preparing the business plan.

Even though it is only a business plan for students, not the one you would present to a real investor, try to make it look realistic.

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34+ SAMPLE School Business Plan in PDF | MS Word | Google Docs | Apple Pages

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New School Business Plan

Step 1: school overview, step 2: executive summary, step 3: school services.

• Literacy services
• Numeracy services
• Meeting accreditation standards
• Foundations in science and mathematics
• Foundations in geography and history
• Giving extracurricular activities
• Giving books and school materials

Step 4: Mission Statement and Vision Statement

Step 5: job description, step 6: swot analysis.

• Strengths – What is the ace of your school against your competitors?
• Weaknesses – On what aspects are your school lacking?
• Opportunities – Where does your school excel in teaching?
• Threats – What can make a student leave your school?

Step 7: Market Research

Step 8: sales plan, step 9: publicity plan, step 10: school budget, share this post on your network, file formats, word templates, google docs templates, excel templates, powerpoint templates, google sheets templates, google slides templates, pdf templates, publisher templates, psd templates, indesign templates, illustrator templates, pages templates, keynote templates, numbers templates, outlook templates, you may also like these articles, 5+ sample investment company business plan in pdf.

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7 Business Plan Templates for Kids (Free Printables!)

By: Author Amanda L. Grossman

Posted on Last updated: January 5, 2023

Download one of these (mostly) free business plan templates for kids to help your child focus on a business idea.

What do super soakers, Apple computers, and Nike shoes all have in common?

They all started as a business plan.

A business plan template for kids is great for two reasons:

• Your child can play around with it and get familiar with what's required (even if they never start the business)
• It helps kids focus on just one business idea at time, and to see if they should move forward with it

No matter which category your own child falls into – just playing with business plans, or they have an actual business idea – I’ve got just the free business plan template for you.

Honestly? I wish my own parents would’ve given me one of these when, as a kid, my childhood friend and I had come up with our first kid business idea: selling bean bags. So, good on you for getting your kids involved with business plans so early in life!

Best Business Plan Templates for Kids

Use one of the business plan templates for kids below with one of these 16 kid business ideas .

OR, help them to use one of their original ideas sending sparks in their brain. You can use these 3 kid business plan examples for help with filling it out.

1. Solid Gold Biz Plan

I’ve been in business for 7 years and I’ve made about every mistake in the book.

Probably one of the biggest? Was that I didn't sit down to write a proper business plan (or, ANY business plan) until I was several years into blogging. 

Because of this, I created a free business plan template for kids and teens (on Page 6 of this free printable), so that they practice how to do it right, from the beginning! 

What makes my free Solid Gold Biz Plan different is that it starts your child thinking about the problem that they want to solve – because ultimately, that is the purpose of creating a product or a service. To solve a specific problem for people.

It then goes on to ask them simple questions that will focus them in on what it takes to plan out a business idea.

For example, I raise the question of how much it will cost to not only create the product/service, but to also deliver it and maintain it. These are sometimes costs forgotten costs when creating a business plan.

2. BizKids’ Guide to Writing a Business Plan

This free business plan guide for kids includes sections for your idea, your marketing (and what makes your product unique), your startup costs, and an area for pricing so that you can make sure you’ll make a profit.

At the end is a one-page summary where your child can write up their answers from the previous pages all in the same place. Great for tacking up on the wall!

3. Teen Entrepreneur Toolbox

Anthony ONeal partnered up with Dave Ramsey to create the  Teen Entrepreneur Toolbox , a kid’s entrepreneur kit and small business guide for teens.

In other words, it’s so much more than just a business template for kids!

The entrepreneur kit includes the following:

• Access to Free Entrepreneur Toolbox app
• Teen Portfolio Book
• DVD of Anthony’s Training Video
• Parent’s Guide Book
• Pack of Thank You Cards
• Deck of Conversation Starter Cards about Starting a Business
• Goal Tracker Poster

Here's my full review of the Teen Entrepreneur Toolbox .

4. Home Sweet Road’s My Business Plan

Check out this business plan for kids, which asks kids questions like what makes their idea unique, whether or not their idea is a product or service, and who their customers will be.

5. Proverbial Home Maker’s Family Business Plan Guide

This is such a fun guide that you can fill out with your child, teen, tween, or even the whole family. It includes family business ideas, a sales ledger, inventory worksheet, and much more.

Business Plan Examples

You may be wondering where you can find business plan examples to show your kids or teens.

For starters, you should look right at home. Are you a small business owner?

Then you’ll definitely want my free Take Your Child to Work Day printables – it’s got a section for you to fill in about your own business, which is a perfect business plan example to discuss with your child.

You can also find two business plan examples on the Small Business Administration’s site (scroll down until you see red buttons to Rebecca’s example business plan, and Andrew’s plan).

They’re not entirely kid-friendly, but can give lots of ideas for the kind of information and research to put into a business plan.

Business Plan Activity Worksheets

Check out these free PDF Shark Tank worksheets for students . Students or kids can work through coming up with their own business idea, create an advertisement for it, and a scoring card to judge the business ideas.

You’ll find a free 30-minute Small Business Administration course for young entrepreneurs meant for teens that you can use with your students (or have your child go through).

Hint: In Objective 3, it goes over how to create a business plan.

Are you an educator? Great – you can get free entrepreneur curriculum for Grades 1 – 12, with lots of worksheets, from the Venture Lab .

Further resources include:

• Teen Business Video Lessons
• EverFI’s Entrepreneurial Expedition
• FEE’s Course on the Entrepreneur’s Role in Creating Value
• Business Plan Note Taker (lots of great prompts to create a business plan with)

Grab 23 more entrepreneur lesson plans here.

I hope you've found some business template for kid resources that interest you? Below, you'll find other related kid entrepreneurship articles that will help your kids, teens, and students learn about the entrepreneur career path. 

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Home » Teens

Business Plan Templates for Teens

If you want to launch a business, you have to have a plan! Here are some templates to help you get started.

The key to any successful business is to have a plan before getting started. Mapping out the business details is instrumental in determining if this idea is worth pursuing, which can save a lot of time and resources that could be used towards a different business that would be better suited for you and your business needs and wants. 

What To Include In a Business Plan

The point of a business plan is to outline your business strategy and plan your business out on paper. As your business grows and you are looking at expansion options, lenders will want a well-defined business plan to help them determine if lending to your business is the best option. When looking at business plan template packages for teens, you are looking for business plan templates that will help you transition your business ideas to full-fledged businesses that will help adults see the vision. 

The 7 parts of a business plan include:

• Executive Summary
• Business Description
• Products and Services
• Market Analysis
• Strategy and Implementation of Strategy
• Organizational Structure and Management Team
• Financial Plan and Future Projections

Best Business Plan Templates for Teenagers

Bizkids’ guide to writing a business plan.

This resource helps define the business idea and determine what to charge for the products and services that you want to offer. Learn how to evaluate your competition and what they are doing with their brand to bring value to their customers to figure out ways to make your brand unique so you can stand out in the marketplace. Determine what resources you need to build your business and how much those resources will cost you. Are there ways to bootstrap the company to make startup costs cheaper? Learn about breakeven costs and how many units you have to sell before you start making a profit with your business idea.

Teen Entrepreneur Toolbox: The Small-Business Guide for Teens

This toolbox provides 8 easy to follow, actionable steps to help teens evaluate whether or not their business idea is feasible for them to start and how to go about getting started. If you don’t currently have an idea for what business to start, this provides ideas and how to get started with them! Real teens share real business experiences and advice from their own journey, which can help you avoid making common business mistakes that will decrease your learning curve and get motivation and encouragement from teens that have faced similar challenges while building their businesses. Learn about marketing techniques that work, how to provide top-notch customer service, money management of profits, and goal setting for future growth. 

Home Sweet Road’s My Business Plan

This one-page business plan is free and easily downloadable. It can be printed out and hung on the wall for easy reference. The questions asked in this document are thought-provoking and help teens determine who the target audience is for their products and services. Defining the target audience will help establish a solid marketing plan that conveys the value of the product offering while making sure that the customer’s needs are being met. Customers want to buy from businesses that understand their needs and provide an ideal solution.

Proverbial Homemaker’s Family Business Plan Guide

Families can work together to build a business that kids and teens can run themselves and are passionate about running using this comprehensive business template and associated resources. Consider first why you want to start a business and why you are choosing THIS specific business. Understanding the reason for selecting that business idea builds confidence and helps maintain the passion for the company as time goes on. Create a monetary budget based on projected profits and figure out what price is best to charge for your products and services to secure sales from your target market. Set goals and manage your time, then figure out what laws are applicable for your business venture.

Learn how to conduct market research to see if there is a need for the services you want to provide before starting by conducting surveys or soft test launches. Find out where to source materials to make products and how much that will cost.  

Boss Club Kid Entrepreneur Kit

This kit is literally a business in a box, so kids and teens can get started right away as soon as they have it in their hands! Choose your kit and create the following businesses:

• Homemade dog treats
• Specialty cake pops
• Luxury bath bombs
• Delicious fudge
• Handmade soaps

If you are homeschooling, this kit counts as a homeschooling resource that you can receive credit for completing, which is a fantastic additional perk of using this tool. The intended audience is kids and teens ages 11-18, and provides over 100 videos with step-by-step instructions on how to set up and grow a business from the ground up. So far, over 100 schools across the United States are using this option for their students to learn how to set up a business that they are passionate about running. Getting teens started young on their entrepreneurial journey has been found to build self-esteem and teach decision-making early on that helps young adults make solid decisions in their lives as they mature. The benefit of this specific program is that it was created by entrepreneurs for entrepreneurs and not created by scholars that don’t have practical business knowledge. There is a quiz on their website that takes 30 seconds and helps you decide what business is best for your needs. 

Small Business Administration

This is a great government resource for teens who want to learn about business for free and about what resources are available from the government, such as loans and business coaching from experienced business owners in your community. There is no absolute right or wrong way to write a business plan in business, and you can choose how your business will run or how much money you need to start it. This resource allows you to walk through your business idea and plan with an experienced business owner that can talk through the pros and cons of what you feel is the next step for your business, from expansion to new investors to additional product offerings. This resource offers two different business plan templates that walk you through example business plans.

Solid Gold Biz Plan

This free business plan template from Money Prodigy discusses the author’s mistakes during her first 7 years in business and provides insights into how she would have conducted her business affairs differently if she had to start over again knowing what she knows now. The primary goal of this template is to find a problem that your business will solve. Many new entrepreneurs focus on the product or service but not on the problem it will solve in the marketplace. The goal should be to identify the problem and then develop the solution that will be offered as a product or service by your company. After determining the primary problem, she focuses on how to best deliver the solution and how much it will cost to maintain the delivery of the product or service. 

Shark Tank Lessons in Business and Entrepreneurship from Scholastic

A free lesson plan with a teacher’s guide that can be used in a group setting or as a family! Topics covered include entrepreneurship basics, writing an effective business plan, crafting persuasive pitches for investment presentations, and how to find a great business mentor. The target age group is grades 6 to 12.

Shark Tank Marketing Plan

A worksheet template that focuses on the target demographic for your business and the motivation that that demographic would have to buy a product or service that you are offering so you can establish the best way to market to them. Games are encouraged with this marketing package because this helps draw out ideas in fun ways that promote creativity and growth. Business is about finding creative solutions to problems and pivoting the company into new arenas when it becomes necessary for growth. Keeping an active marketing plan up to date as the business grows is key to expanding when necessary or finding innovative ways to keep customers engaged with your brand. 

Shark Tank Analysis Worksheet

Use this worksheet when evaluating businesses to learn what investors are looking for when assessing whether or not to invest in a business. Understanding what investors are looking for in a management team, mission, vision, product/service, research and development, and strategic implementation will help you create that within your own business to make your foundation strong.

A strong business plan that is well defined will take even the novice entrepreneur to the expert level of business in no time with the proper preparation. Using a business plan template in areas of planning, marketing, product development, and strategy will assist in building a business that can be bootstrapped and stood up quickly to test the business out in ways that require little startup capital.

Related Reading

• Entrepreneurship for teens
• How to earn money for teens

Starting and managing a student project can be a daunting task, especially when you're juggling multiple responsibilities. That's why ClickUp's Student Project Plan Template is here to save the day!

With this template, you can easily:

• Outline your project tasks and set clear milestones to stay on track
• Assign responsibilities to team members, ensuring everyone knows their role
• Track progress and deadlines, making sure you complete your project on time
• Collaborate seamlessly with your team, sharing files and updates in one central location

Whether you're working on a group project or tackling a personal assignment, ClickUp's Student Project Plan Template is the ultimate solution to keep you organized, motivated, and on top of your game. Get started now and ace your projects like a pro!

Students Project Plan Template Benefits

Planning and executing academic projects can be overwhelming, but with the Students Project Plan Template, you'll be able to stay organized and on track. Here are some benefits of using this template:

• Clearly define project goals and objectives to ensure everyone is on the same page
• Break down the project into manageable tasks and assign responsibilities to team members
• Set milestones and deadlines to track progress and stay on schedule
• Easily collaborate and communicate with your team members within the template
• Monitor the project's overall progress and make adjustments as needed for successful completion.

Main Elements of Students Project Plan Template

ClickUp's Students Project Plan template is designed to help individual students or student groups effectively organize and manage their academic projects. Here are the main elements of this template:

• Custom Statuses: Use the Complete, In Progress, and To Do statuses to track the progress of each task in your project plan, ensuring that all tasks are completed on time.
• Custom Fields: Add custom fields to capture relevant information for each task, such as task descriptions, due dates, assigned team members, and priority levels, allowing for better organization and tracking of project details.
• Different Views: Choose from three different views to visualize your project plan. The Doc view allows you to create and collaborate on project documentation. The Board view provides a Kanban-style board for organizing and prioritizing tasks. The List view presents tasks in a structured list format, making it easy to track progress and update task statuses.

With ClickUp's Students Project Plan template, you can stay organized, collaborate effectively, and ensure the successful completion of your academic projects.

How To Use Students Project Plan Template

Planning a student project can be overwhelming, but with the help of the Student Project Plan Template in ClickUp, you can break it down into manageable steps. Follow these four steps to stay organized and ensure a successful project:

1. Define the project scope and objectives

Before diving into the details, it's important to clearly define the scope and objectives of your project. What is the purpose of your project? What are the specific goals you want to achieve? Understanding these key elements will help you stay focused and ensure that your project stays on track.

Use Goals in ClickUp to set project objectives and track progress.

2. Break down the project into tasks

Once you have a clear understanding of the project scope, it's time to break it down into smaller, actionable tasks. Start by identifying the major milestones or deliverables of your project, and then break them down into smaller tasks that need to be completed to achieve each milestone.

Use the Gantt chart in ClickUp to visually map out your project timeline and dependencies between tasks.

3. Assign responsibilities and set deadlines

To ensure that everyone on your team knows their role and what they need to accomplish, assign specific tasks to team members and set clear deadlines. This will help keep everyone accountable and ensure that the project progresses smoothly.

Use the Board view in ClickUp to assign tasks to team members and monitor their progress.

4. Monitor progress and make adjustments

Throughout the duration of your project, it's important to regularly monitor progress and make adjustments as needed. Keep track of task completion, identify any bottlenecks or issues, and make necessary changes to keep the project on schedule.

Use Dashboards in ClickUp to get a bird's eye view of your project's progress and identify areas that need attention.

By following these four steps and utilizing the features of the Student Project Plan Template in ClickUp, you can stay organized, ensure effective collaboration, and ultimately achieve success in your student project.

Get Started with ClickUp’s Students Project Plan Template

Students or student groups can use the Students Project Plan Template in ClickUp to effectively organize and manage their academic projects, ensuring successful completion within the given timeframe.

First, hit "Add Template" to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you'd like this template applied.

Next, invite relevant members or guests to your Workspace to start collaborating.

Now you can take advantage of the full potential of this template to plan and execute your academic projects:

• Use the Doc view to create a comprehensive project plan, outlining key tasks, milestones, and deadlines
• Switch to the Board view to visually track the progress of each task and easily move them across different stages
• Utilize the List view to get a detailed overview of all tasks, their assignees, due dates, and statuses
• Customize the custom fields to add additional information specific to your project, such as priority, resources needed, or estimated time
• Assign tasks to team members and set due dates to ensure accountability and timely completion
• Update task statuses as you progress through the project, marking them as Complete, In Progress, or To Do
• Regularly review and analyze the project's progress to identify any bottlenecks or areas that need attention
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Naomi Meredith

5 STEM Project Plan Examples for Students [ep.131]

Check out the full episode on 5 STEM Project Plan Examples for Students:  

Episode summary.

Do your students struggle with effectively planning their designs for their STEM projects? If yes, you’re not alone. This was something I saw with many of my students when I was a STEM teacher. They would create plans, but they weren’t plans that supported them in the building process. Knowing this needed to change, I pulled from my teaching experience, tested out different ways to support students with planning their projects, and came up with five effective ways to teach students how to plan effectively. In today’s episode, I’m breaking down these five STEM project plan examples for students.

In this episode, you’ll learn:

• STEM project plan examples for students 
• The benefits of implementing each of these STEM project plan examples for students
• Tips and strategies for supporting students with planning their designs 

Resources Mentioned:

• STEM Teacher 101 Course
• Lesson: Rube Goldberg Ecosystem Project
• Lesson: Gingerbread Man Boats Project
• Lesson: Makerspace Menu & Money

Episode Transcript: 

Naomi Meredith [00:00:00]:

Having students plan their designs when they're completing STEM projects can feel like quite a chore. Sure, you might be having them draw their ideas before they start building, but is there a better way? In this episode, I'm gonna be sharing with you five ways that students can plan their designs before they get into building their STEM projects. The inspiration for this episode came about from my own observations of my students when I taught k through five STEM and in those beginning stages. Once we were getting the hang of the engineering design process for pretty much all the projects that we were completing together, I was having students plan their designs. But what I noticed with their plans is that their plans weren't very good, and their plans weren't even helping them with the building process anyway. They were just scribbling something down on their paper just to say that they created a plan, and well, that's about it.

Naomi Meredith [00:01:41]:

Does this sound familiar in your classroom? I knew that this needed to change and that the plan is actually a really important step when it comes to thinking about your design. So, I took a step back and thought about my classroom teacher days. I was a classroom teacher for 6 years Before stepping into my K through 5 STEM role, and I thought about when we were doing the writing process and how the planning stage is extremely important to pull out all of those ideas. So, of course, you have ways where you are building backgrounds, and we were doing that really well in our engineering design process projects, But the plan wasn't that great. So I tried and tested a lot of different ways to plan, and from there, we had way better plans that were actually thoughtful and helping students. And I even have a little story I'm gonna share with you in a little bit in this episode where the students actually really like to plan more than they thought. So, let's jump into these 5 ways that students can plan their designs. You don't have to do all of these with your students.

Naomi Meredith [00:02:57]:

Pick and choose what works best, But I'm going to explain what these things are and how they helped out my students' plans. The first way that students can plan their designs is to just talk through their ideas. This is the quickest way to plan, and this works really well if you're doing one-day challenges. I didn't do this method very often, But it was great when we were in a pinch, and we were going to go through the engineering design process pretty quickly in our time together. One way that I did this is that I had to co-teach with our PE teacher at the last minute because she found out that school pictures were going to be in the gym and not in our main hallway that day. So my PE teacher and all of her classes for the day Had to get moved to a new location, and I volunteered to have her and her classes come into my room so we could do a fun STEM challenge together. There were some simple building supplies for this challenge students were creating a catapult to launch into a basketball hoop. I don't currently have a lesson for this, but I do have a video on my YouTube channel where you can actually see how we built the catapult.

Naomi Meredith [00:04:17]:

But before students built their designs, their catapult, and the basketball hoop, they had to talk through their ideas. And that was it. That was their plan. We gave them a couple of minutes to talk, and then they got the materials, and then they got to build. That was all that we did. Funny enough, a few years later, I had an interesting week with 1 of my 5th-grade classes, And they were working on my Rube Goldberg Ecosystem project, which is in my TpT shop. We had a weird week where they didn't have the full 5 days in a row, and they still needed to plan their ideas, but I really wanted to get them to build. So I gave them the option that they could just talk through their ideas and then jump into the actual building.

Naomi Meredith [00:05:08]:

Well, funny enough, mind you, this is when I've had these kids for 5 years. I have had them since 1st grade. It was so interesting because I gave them the option where they just had to talk about their designs, but all of them ended up trying their designs anyway. So think about what you're doing if you're really being purposeful in the way that you are having students draw their designs. They might want to do that anyway. But they did have the option to talk through it because, again, we had a weird week. But it made me so proud as a teacher that the kids actually wanted to do a step in the engineering design process that they actually wanted to do. The next way that students can plan their STEM projects is kind of similar to the first one but a bit more hands-on, and it's that students can gather their materials and talk about it, but there is a caveat to this: you don't let them have any sticky things yet, so no glue and no tape.

Naomi Meredith [00:06:13]:

The reason for this is really great where, again, if you are pressed for time, if drawing isn't an option, you're doing a quicker challenge. And this is really great for younger learners where drawing and labeling can be so taxing on them. Think about the time of day you might have your youngest learners. Mine were in the afternoon, right after my lunchtime, I believe after their lunchtime, and they were tired. And drawing and labeling every single time we did a project wasn't going to happen. The one time I did have kindergarten in the morning, we flip-flopped their times because of a field trip. They are different children. And you know I love kindergarten so so much, but they are completely different in the morning.

Naomi Meredith [00:07:03]:

They are nice to each other. There are kids who are friends I never knew were friends because all they did was fight when they were in my class, so this method, when you are gathering the materials and having them talk about it, is another great alternative. I did this one time again, another co-teaching lesson with a kindergarten teacher they came into my classroom for a bonus STEM lesson, and we were doing a gingerbread man boat challenge. So they were doing a whole gingerbread unit in their class and reading different variations of the gingerbread man. And we talked about What if the gingerbread man was actually smart and had some building skills and could actually build a boat to get away from the fox. I had different materials laid out. Those were the things that they could choose from, and we gave them a limit of 5 items that they could take. These 5 items did not include the gingerbread man, the tape, the water, the scissors, all of that, those were not included in their count. However, they could gather 5 items with their partner that would help them with their gingerbread band design.

Naomi Meredith [00:08:19]:

Once the students grabbed their 5 items, they had a few minutes to talk about with their partners how they were going to use these items together to create their design. This is really great because while they were talking, sometimes students switched out their items because they might have grabbed something that wouldn't work. And I did add some items in there that purposely wouldn't work. I wanted to see if they could figure that out, like coffee filters, paper, and things that would get wet and eventually sink. So once students had the time to talk about the supplies with their partners, we gave them the sticky things, we gave them some tape, then we gave them scissors, and then they could build their design. The 3rd way that you can have students plan their design is probably what most of you are doing, but there is an additional step, and that is draw, label, and explain the steps in your design. Back in a guest interview that I had with Kelly Hogan, She talked about this where she actually has students write out the first few steps of how they're going to get started with their project. This is really great because this is going to help students be very purposeful with the materials that they're going to have and not be wasteful.

Naomi Meredith [00:09:39]:

She doesn't have them write out every single step of the entire project because, again, you do want students to actually get to building and not take the whole time to plan, but this is a really great way for them to be thoughtful and how everything is going to connect together. This is definitely the opposite of the Ikea building plans. If you've ever bought furniture from Ikea, When you get the plans, all of the plans are in drawings. There are no words. I've heard different theories behind this as to why there are no words, and this actually makes my teacher honey, very upset because he wishes there were words. And so we actually have a plan when we build. I find the pieces, and I tell them where to put them because I like reading the plans. But anyway, when you have students draw, label, and explain, This is again a great way for them to be thoughtful and why they are designing it the way that they are.

Naomi Meredith [00:10:38]:

The 4th way that you can have students plan their designs is adding on to the previous tip, but it's to create a shopping list. This doesn't work for every type of stem project. This one is really great when you are doing Makerspace projects, and they have tons of materials to choose from. So let's say you are not keeping the supplies limited like I did for that gingerbread project, but they have open access to all of the supplies. Having students draw and label their plans thoughtfully but also adding a shopping list does add a different element to their plans because it is a plan. I always tell the kids when I am going to make dinner, I make a plan of the ingredients that I need, and then I have to create a shopping list based on those ingredients and what I'm going to cook. So it's just like when you're building, you need to plan out what you are going to purchase. But this list isn't just a list of materials.

Naomi Meredith [00:11:44]:

It can be if you have younger students and you don't want to add in math. But for the most part, it's adding in the prices of each of the items, how much it's all going to cost, if there is any money left in their budget, and how much they are going to spend. Back in episode 6, you can hear all about how I use this Makerspace money and menu in my classroom, and there's definitely a link in the show notes where I Have it all set up for you, suggested price plans, and literally step by step by step on how I do this with my students when I get into deeper Makerspace projects. This is also really great because if you are planning a STEM lesson and you need more elements of math, all students can benefit from counting with denominations of 1, 5, tens, and twenties. I don't add the fifties and the hundreds. You can if you want to have more change, but I have seen such benefits from this type of math with numbers within 20 and also doing a bit of mental math when they are checking out with me at the cash register. So, definitely check out that episode. Grab the menu in the show notes. It's all done for you.

Naomi Meredith [00:12:58]:

It's very, very helpful, and that was a huge game changer in my classroom. Also, my supplies didn't deplete as much because students were being way, way, way, way, way more thoughtful in the supplies that they were using and how to be innovative with the stuff that they purchased. And the last way that you can have students plan their designs, and this is also building upon the last 2 steps. You can do all of these if you want. I eventually did all of these leading up to this by having a rubric on which students can base their plans. This rubric for planning isn't something that I use for grading but really more for a self-evaluation tool to help students improve their designs. When I introduce this rubric to students, I like to compare it to when inventors are creating a patent to turn in so nobody can copy their designs.

Naomi Meredith [00:13:58]:

And in fact, if you're watching the video version, I am holding up an example. I found on one trip to Chicago, I was walking through the Chicago Cargo midway, and there was a little wooden shop that had all of these laser-cut items, and something caught my eye. I'm like, oh my gosh, I know what that Is it is the patent image of the Lego brick, and it is so cool. You can Google this, but mine's way cooler because it's etched into wood, and I had it hanging up by my 3D printers. But it's so cool and a great visual for kids to see because it's literally showing every single layer and every single element of the Lego brick. But if you look closer, there are a lot of numbers, there are arrows, There are little headings that say figure 1, figure 2, and I tell kids about this when I introduce this rubric that when inventors are turning in a patent, it's not just the drawings but they explain Every single thing about their invention so that nobody can copy anything from their design. And so all of those little numbers and arrows are referencing a huge document that is talking about each of those pieces. The students really like this example of a patent.

Naomi Meredith [00:15:24]:

It's a great way to get that little vocabulary and history lesson in there. Then, I present to them the rubric that I have for their plans. There are 4 different categories as to how their plans should be, and I talk about each level where they should be at for that grade level based on what's typical for that grade. And this has really been a game changer when it comes to their actual plans. This rubric also has examples of a sample project because students who are rushing through their plans just to start building have really slowed down to make their plans even better. Also, for me, as a teacher, this helps me help them as to what they can do to help with their plans. I literally have a reference on the screen that I can point to and tell them, hey, you need to add this to your plan. You didn't do it. And then the students believe me because it's like The law, as soon as I hang it up, it's like that is the rules, and that's what's gonna happen, and so they will go back and modify their designs.

Naomi Meredith [00:16:37]:

This rubric and how I teach it, the template, and what this rubric actually looks like is a new update in my STEM teacher 101 course. So there is a whole module that I'm updating with innovative practices, and this is one of those ways if you are looking to Level up your plans and your student projects. I break this all down for you, and I also include a sample video of me teaching How I would actually teach this lesson to my students. So you can hear that language of how you can introduce it to your kids, or you can even just play that part of the video of me teaching it, and then you can just add in your own 2¢ while I am talking. This course will be linked in the show notes, and there's also a podcast version where you can listen to the audio on the go. And if you have this course, make sure to log in and check out this new update because this template is not even in my tpt shop and definitely something that will save you time and also level up your plans. As a recap, here are the 5 ways that you can have students Plan for their STEM projects. 1st, students can talk through their ideas.

Naomi Meredith [00:17:51]:

Next is gathering materials and then talking about it, but don't let them have the sticky stuff yet. Third, students can draw, label, and then explain each step or just part of the steps on how they're going to build. Fourth, students can make a shopping list, and this can build off of that drawing and labeling. Fifth, you can build off the drawing and labeling and then build off that shopping list. Students can plan using a rubric. I hope with all these ideas of ways to plan will make this stage in the engineering design process way less stressful and also help students create meaning as to why this stage is important. Also, I invite you to join my STEM Teacher 101 course, where not only is this rubric lesson about planning going to be added to that module, but this is also a great course to help you build up your systems in your classroom or rethink the ones that you might be having, adding in those routines that are going to make a smooth flow of your classroom, and also find ways that you can plan different types of stem lessons. The entire course is available in a private podcast so you can actually listen to the whole thing on the go.

Naomi Meredith [00:19:12]:

You don't have to sit in front of a computer if you don't want to. And there are tons of templates and resources to help you be successful. You can grab that link in the show notes or find it at Naomimeredith.com/stemteacher101.

Related Episodes/Blog Posts:

• Episode 6: Managing Your Makerspace in the Classroom
• Episode 15: Planning Lessons with Stages of Engineering Design Process
• Episode 17: Good Research Websites for Elementary Students
• Episode 18: Creative Ways for Students to Plan Designs
• Episode 19: Teaching Strategies to Help Student Projects
• Episode 20: Helping Students Improve STEM Projects
• Episode 21: What are Creative Ways to Present a Project?  
• Episode 22: Engineering Design Sprints with Jen Sevy
• Episode 45: From Classroom Teacher to STEAM Teacher with Kelly Hogan

Connect with Naomi Meredith :

• Check out more inspiration on her website: naomimeredith.com 
• Connect with her on Instagram: @naomimeredith_ 
• Watch this episode on her YouTube Channel: Naomi Meredith
• Join the Facebook Group, The Elementary STEM Coach Community | Technology & STEM for K-6 Teachers

More About your host, Naomi Meredith

Naomi Meredith is a former classroom teacher turned current K-5 STEM teacher and coach. Her role not only includes teaching over 500 students in her school, but also leading professional development and co-teaching with teachers to help them integrate STEM & Technology.

With over a decade of experience along with a M.Ed. in STEM Leadership and STEM certificate, she helps teachers navigate the best practices, strategies and tools out there.

She truly believes that any teacher out there can learn how to use STEM & Technology in their classrooms effectively. She can’t wait to connect with you and be your guide!

More About The Elementary STEM Coach Podcast

Are you tired of scrolling online for your next great STEM lesson? Do you feel like there is no time to plan, research and test meaningful STEM lessons, so you throw together a hands-on activity and hope that it works? What systems and routines should you set in place to help students be creative, critically think, and collaborate? 

The Elementary STEM Coach is a podcast for K-5 STEM teachers, classroom teachers, GT specialists, and homeschool parents looking for actionable STEM solutions. Each week, Naomi Meredith will share tools, resources and lesson ideas that are actionable in your classroom and create highly engaging experiences with your students. You’ll learn systems and routines that will create control in the chaos and that will keep you organized all year long. 

Your mindless scrolling days are over! Your new STEM-best friend is now here in your ear buds!

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A winning School Business Plan will keep you on track with your objectives. It will guide you on planning for the future because you already outlined your projected activities. For you to organize all your plans, we offer one of the best school business templates. These files are 100% customizable, easily editable, and printable that will help you save time. Make use of professionally written content. Simply modify some details that will suit your needs. Freely download all these in any file format such as Google Docs , Microsoft Word , and Apple Pages .

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When attempting to attract finance for your school, a business plan template is very crucial. Your prospective investor will be able to read your well-written business plan discussing all their concerns, addressing their tough questions, and persuading them that your vision is good enough to justify financing.

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Your executive summary must be a short review of the entire school business plan. It requires no more than a page or two in length. Here, you explain how your desired project will work. It has to be a clear and concise overview of the content of your proposal and maintain the same outline as the legal document in its entirety. Generally speaking, your executive summary should invite readers to read more. Make sure it is easy to follow and understand. 

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Next step, write a business description. Although a lot of schools like private schools have an operational and  strategic plan , it is still quite uncommon for a school to create a business plan. In this part, it provides the background information that describes your school's history, needs, and the scope of business actions that your school is planning to develop. 

An article reveals that writing a business description is the most crucial and complex thing to do. This part narrates what your business is all about, how it will be run, and why do you think it will be a successful one.

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In any company conducting big or small business , management is accountable and responsible for its success and failure. It is essential to operate certain matters. A set of individuals pursuing a shared goal must perform together and they might need to manage their personal intentions to obtain that particular objective. For each individual in a position of accountability and responsibility, you must be detailed in defining their official professional experience, their expertise in a specific functional environment or industry, and a record of their accomplishments throughout their careers.

5. Make a Financial Plan

Financial resources evaluate the situations in which capital is obtained, the use of the capital as well as the scheduled payments and stake in economic activities. A financial report is accounting's entire picture. It essentially sums up the company's financial condition. The specific details are important to the management and other interested parties such as investors, shareholders or owners.

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Business Plan Examples For Students. Business Proposal Examples for Students. Also, Business Plan Sample pdf for Students. Business Plan Examples For Students Entrepreneurship PDF.

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The business plan refers to the company’s written statement explaining the company’s background and business details. This plan includes the executive summary of the company, product and service, operation, marketing, and financial plan.

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The key elements of a business plan or proposal are an executive summary, background, product and service, organizational structure , sales and marketing strategy, financial and operational plan, and more.

Business Plan Examples For Students

A business plan example refers to a business proposal sample that thoroughly explains the organization, including the executive summary of the financial statement. It also indicates the business report example or business proposal format. An example of a business plan certainly includes the executive summary of the business, operating strategy, start-up financial projections, financial projections, etc. The business plan example for students is also known as the business report format.

Business plan writing is a mandatory assignment for students in entrepreneurship. It is also a compulsory assignment for business students. The importance of a business plan is growing day by day for selling products on digital platforms and managing the organization virtually.

The business proposal is also compulsory for getting a bank loan. The organization needs it to make agreements with other organizations. The bank authority surely asks the organization to submit a business plan with the bank loan application. The other names of a business plan are business proposal, report, profile, and more. A business plan example is also known as an example of a company profile , business proposal example, sample, and format.

Business Plan Examples For Student Entrepreneurship

Today, the authors present a business plan example for students. They wrote it while they were students in entrepreneurship courses at the Faculty of Economics and Management University Putra Malaysia (UPM). The lecturer sets group assignments for the students; therefore, the students make the business plan example to complete the group assignment. Thus, this business plan or proposal example for students certainly assists business administration students. It also assists students in BBA, MBA, economics, finance, and business communication courses and researchers.

The author also wrote business plan examples for students about food .

Example of Business Report

The students set the company name “BambooS.” It sells reusable and eco-friendly bamboo straws. Straws are a unique product in Malaysia that can be customized for length and diameter. Besides, the company offers engraving services for customers. So, customers can customize a meaningful word on the bamboo straw for engraving. In addition, it provides a designed pouch as packaging for our straw that looks smart.

Business Plan Example and Sample For Students

1.0 Executive Summary Of Business Plan

BambooS Sdn. Bhd. company was created by a group of 10 students in the Basic Entrepreneurship course. This company is named BambooS. It produces and sells bamboo-based products. The capital S in the company’s name stands for straw. The original idea came from a student. And we chose Bamboo as the main ingredient of the products. Currently, we focus on producing eco-friendly straws to serve our customers. The products are the best quality yet affordable straws.

Our product is also biodegradable as it is made from Bamboo. We also guarantee that customers can use our products many times. It is reusable and easy to wash and carry. The straw size is customizable. So customers choose the size based on their preferences. In addition, our specialty is not only in our product but also in our packaging.

There are ten members in a group and each member will contribute RM 100. The total paid-up capital is RM 1000. We set up our warehouse in the Serdang area to produce, package, and store our products. We are making the straw as per the customer’s demand and request. For the marketing part, we are advertising and promoting our product through social media sites, such as WhatsApp, Instagram, and Facebook, and e-commerce, such as Shopee. We adopt the lean canvas business model tool to assess the outcome of the business.

2.0 Background of the Company

2.2 Company overview

2.3 Vision And Mission Statement

2.3.1 vision statement.

To become the most notable company in Malaysia for producing eco-friendly bamboo straws.

2.3.2    Mission Statement

We want to fulfill the objective of satisfying customers with our eco-friendly products. We want to reduce pollution by using reusable straws anywhere and anytime.

2.4 Keys To Success

The Keys to Success for BambooS Include the following: 

Table: 4 Keys of Success

2.5 Organizational Chart

3.0 Administration anD Human Resource Plan

3.1 business strategies.

Business strategy is crucial to maintain business growth.

The personal preferences of corporate management do not influence good business strategies. We emphasize every department’s function. It ensures the plans run smoothly to meet goals. We need to achieve them. We have put as much emphasis on the efficiency of each Department.

Our company has set several strategies to achieve the company objectives. However, these strategies have been made based on every Department’s suggestion.

a. Administration and Human Resources Department

• The admin and human resource department monitors all the business operations. It manages employees’ and management problems.
• It also solves problems that affect people management programs in the long run.
• Moreover, it follows the five-gap model of service quality to ensure service quality.

b. Marketing Department

• This department handles marketing of the product and promotional activities in order to reach the products to a vast amount of potential clients.
• It also promotes the business and mission of an organization through social media.

c. Operational Department

• This department ensures that all the equipment and material are ready to run the operation smoothly. It ensures that all products are of good quality. This department follows the eight principles of TQM to ensure product and service quality.
• Additionally, this department has the ultimate accountability for profit and loss and seeks to maximize shareholder return on investment.

3.2 Management Team

3.3 Job Descriptions

4.0  Market Plan

4.1  introduction.

BambooS Sdn. Bhd. support the “Save The Earth” campaign by producing eco-friendly Bamboo straws. These straws are environmentally friendly products. Therefore, these products are alternatives to plastic straws. The government has imposed restrictions on the use of plastic straws. They also create social awareness of to use of natural products.

Hence,  It is an important driving factor of our market strategy. In addition, the surging demand for drinking beverages, including juices and Boba drinks and then the save the turtle campaign, is also propelling the demand for bamboo straws across the globe. Bamboo straws are reusable compared to plastic; they are better for health, durable & robust, and it is an environmentally friendly product. The products will contribute to reducing global warming and preventing climate change globally .

4.2 Objective of Marketing

Our objective in producing Bamboo straws is to encourage consumers to use natural, eco-friendly products. Why are bamboo straws better than metal? Firstly, Bamboo comes from a natural source. So it is naturally sturdy and easy to collect. We do not need to use chemicals to make straws.

Additionally, metal straws are not pocket-friendly compared to Bamboo. Moreover, metal will rust when in contact with water and oxygen. Bamboo stock is much cheaper, less work, and easy to collect. Our marketing strategy will focus mainly on reusable principles and are much more trendy to youngsters because we have an engraving service to attract them.

4.3 Analysis of Marketing

4.3.1 market trend.

The demand for bamboo straws has risen due to growing environmental attention. Additionally, plastic straws have been reduced due to state restrictions. However, the bamboo straw market is expected to achieve high growth shortly. In addition, BambooS Sdn. Bhd is a unique company in Malaysia. We produce our straw ourselves, and we provide safety and hygiene assurance. The buyer can engrave their name on the straw. Nowadays, customers want recognition for something they buy or support. They are also sincere about ‘Save the Earth’ and deserve to flex.

4.3.2 External Environment Analysis

Our first demographic psychographic and geographic target market is the University Putra Malaysia (UPM). Since we are students of UPM, it is easier to approach our target customers, including students and staff. Students tend to bring their water bottles or flasks to classes. It is one step toward being environmentally friendly; thus, we promote their effort by selling bamboo straws. In addition, we will promote our product at cafes or food courts at the faculty and library. We also establish a booth at super shops.

4.3.3 Internal Environment Analysis

(SWOT ANALYSIS)

4.3.4 Market Opportunities

Our bamboo straw comes with a pouch; thus, it is hygienic and easy to bring everywhere. We also provide a small brush to ensure deep cleaning of the inner straw. Our product is able to be used again and again. So students and staff can save money. They do not need to bring straws in large volumes. The structure of our bamboo straw is strong and sturdy; thus, it will not break if soaked in water for a long time, unlike paper straws.

4.4 Target Market

4.4.1    segmentation.

• S size is fit for ordinary drinks, fully liquid
• L size is suited for Boba drink or any drink that has topping.
• People use straws for drinking tea, juice, frappe, and Boba.
• Restaurants, cafes, food court, canteen, food stalls, super shops around UPM

4.4.2 Consumer Market and Buyer Behaviour

(i) Students and staff at UPM (ii) Cafe and Restaurant at UPM

4.4.3 Positioning

• New business strategy for eco-friendly products in the market.
• Our production, process, and packaging materials match zero pollution.
• Providing Engraved service
• Customized and Eco-friendly bamboo straws of different sizes
• Made of organic material
• Unique punch made by the jute bag.

4.5 4 P’s Marketing Strategy

4.5.1 product strategy.

To make our product unique, we ensure the quality and safety of our products always satisfy our customers.

Our product comes neatly packaged in a unique eco-friendly punch. It is made of a jute bag. The natural bag is designed to make people use bamboo straws every day.

Labeling/Customised

Our company provides customized products. We resize and engrave the bamboo straws to attract more customers. So, our customers can request any size and imprint their straw with any logo or design they like. Our product comes in two sizes: the regular size for the standard drink, fully liquid, and the large size for the Boba drink or drink that has topped. Customers can send us their logo or name on social media sites. Personalized bamboo straws look fantastic across social media.

4.5.2 Price Strategy

Price is the payment given by one party to the other in order to get the return for goods or services. It is necessary as it determines our profit and business survival. Two factors affect our pricing strategy to increase our profits. The internal factor that affects our pricing strategy is production and management cost. At the same time, the external factor is the competitive environment.

Our management team decided to sell the straw in four sets: A, B, C, and D. Our company decided to set the price at RM 10.00 for set A. This set includes the common Bamboo straw, brush, and pouch. Then SET B cost RM 12.00, including the Boba size straw, brush, and pouch. SET C and SET D are more special because they include the engraving service. The engraving cost is RM 8.00 for each Set. As we mentioned before, we resize products for clients. So our customers can personally request to resize the straw. We charge it costs RM 9.00 per set.

4.5.3 Place Strategy

Place strategy is also known as distribution strategy, wherein the organization decides the mode of distribution for the product. The pacing strategy plays an important role in selling the products. We have chosen the market, cafe, or restaurant adjacent to the University Putra Malaysia. Our main target market is UPM staff and students.

Furthermore, we also decided to make it easy for our customers to find our product by using the shopping app, Shopee apps. We chose these apps because Shopee is the best option if you want to start selling online at a low cost and big money.

4.5.4  Promotion Strategy

Promotion is the advertising process to provide information to different parties about the products. It is a communication process that influences the customer to buy products. In order to get customers’ attention and obtain a more significant market share, Bamboos Sdn. Bhd uses digital and internet marketing.

We have set up social media accounts, Instagram, Facebook, Shopee, and Blogspot, to promote our business. The marketing team will upload the promotional content to social media sites. This is because most people stay on social media sites mostly. With that, social media sites are the easiest way to buy anything we want without going out. Moreover, online shopping has become popular in this era, and all these social media sites have become the hottest sites, especially Instagram, which has a high rating in advertisements. Many companies use social media to sell their products and services by putting corporate information in their accounts.

Social Media Advantages

Social media are free sites where we can reach a large number of customers. Hence, we use social media to do hard and soft selling.

We fully develop every post to attract customers. In addition, we will always update our posts and story feeds. We ensure that customers are more exposed to our product. Next, we also use social media hashtags. We use hashtags such as #Bamboos, #SafeTheEarth, and more to make it easier for customers. The marketing team uses social media for the ordering process.

Similarly, we will place the generated links on each social media to encourage the product ordering process. Our company also makes sure transactions with our customers are easy. Finally, we also produce videos to promote our sales. The video will achieve the highest social media reach for views and engagement.

We tend to focus more on WhatsApp groups, Shopee, and Instagram since our target audience is UPM students. Many students are involved in WhatsApp groups, such as on faculty, college, hostels, and clubs. WhatsApp and Instagram are more popular among students as the places they spend most of their time. WhatsApp is the most popular social media site in Malaysia.

5.0 operations planning

5.1  location and address.

We will mainly sell the straw on social media sites. The production team will handle the production process. They resize and wash the Bamboo at the warehouse in Selangor, Malaysia. The social media sites are Instagram, Facebook, Shopee, Blogspot, and WhatsApp. Supplies will be directly delivered to the responsible members for further processing based on our buyer’s order.

5.2 Objective of Operations

We aim to produce and deliver good quality Bamboo Straw. Our team ensures that all products are effective and attractive. We also must gain customers’ trust and happiness with our service, including price and delivery. We also make sure our products are cleaned and safe for use. Our team is very responsive to making good-quality straws. In addition, our company has ultimate responsibility for profit and loss. However, we seek partners for more investment.

5.3 Operation Strategies

A few strategies have been set up to ensure that our business runs smoothly throughout the week and meets our objectives.

5.4 Supplier

The bamboo stock was from a supplier via the Shopee platform, and the pouch supplies were from Giftstalk Sdn. Bhd. The company logo’s printing service was also included when we ordered the pouch from suppliers. Moreover, we order coconut fiber cleaning brush stock and packing Boxes from Shopee. We also surveyed purchasing and made sure that our supplies were reasonable. All the supplies are ordered online and delivered to our company via specialized courier due to the Covid- 19 pandemic.

The bamboo straw will be customized and delivered to the customer using J&T Express, Ninja Van, and cash-on-delivery service, which will ease our delivery.

Thus, we have decided on the following suppliers as our supply providers:

• Wing.DIY – Shopee- For Bamboo Stock
• GIFTSTALK SDN BHD)- For Pouch Supplies
• Gd. Pack -Shopee)- For Paper Boxes Stock – Sandpaper Holder with Plastic.

5.5 Process Planning

5.6 Implementation Schedule

5.7 Machinery and Equipment Including GST

6.0 Financial Plan

6.1 introduction.

A financial plan can be defined as a process of framing procedures and budgets regarding the financial activities of concern. This is done to ensure good financial and investment procedures.

Generally, the financial plan is used to know an investor’s current pay and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.

A financial plan is one of the most crucial parts of a business. Some of the importance of a financial plan are:

• A financial plan provides the direction of one’s business.
• It also helps understand how finances impact one’s business.
• Additionally, it helps to manage income better.

6.2 Purpose of the Financial Department

A few purposes are as below:

• Firstly, it determines capital conditions.
• Secondly, it operates the fund nicely for different purposes.
• Finally, it maintains proper cash flow.

6.3 Project Implementation Cost

Source of Fund

Our money is used as the start-up capital with a contribution of RM100.00 per shareholder, bringing the total investment to RM 1000.00.

6.4 List of Expenses

Twelve partners funded a total of RM1000.00 to cover all business costs, which is RM 617.29. Expenses are in terms of buying raw materials, equipment, and delivery fees. We will not invest all amount to the business.

The equipment is counted as fixed cost as they are bought in bulk. Refer to 6.4 (List of Expenses) for detailed information.

6.5 Record of List of Sales

6.6 Income Statement

After one month of business, BambooS ended up with RM 1600.00 from 7 different products. This includes selling 15 units of Set 1, 25 of Set 2, 35 of Set 3, and 30 of Set 4. Leftovers for bamboo straws are found. The income statement shows that the business’s net profit after one month of operation is RM 988.39, approximately 98.8% of capital invested into the business.

6.7 Cash Flow Statement

The case flow statement shows that the initial capital on hand is RM 1000.00, and at the end of the business, the total surplus (after deducting all expenses) is RM 1982.71.

The RM 1982.71 includes RM 100 capital invested by every shareholder at the beginning of the business. By dividing the remaining money after deduction, each shareholder would find themselves receiving an extra RM 98.27. Hence, every

6.8 Balance Sheet

At the start of the business (22 March 2021), the initial capital share is RM 300.00. There is no liability such as a loan.

At the end of 9 weeks’ business (22 June 2021), the cash on hand increased to RM 1982.71, as well as the owner’s equity. The firm’s net worth is RM 1982.71, done by subtracting liabilities from assets.

6.9 Financial Analysis

BambooS has a net profit margin of 61.42%. BambooS also has a break-even point of RM 126.50. Sales passing this break-even point means that BambooS can start making profits.

Set 1 has a break-even point of RM 11.90, and set 2 have it at RM 23.72. The break-even point for set 3 is RM 55.34, while set 4 has a break-even point of RM 35.58.

The interest for the business is 0.9827 or 98.27%. This means for every RM 1 capital invested in the business; the shareholders can get back RM 0.98 as profit.

7.0 Conclusion

  Based on the business plan template or business proposal example that we have made, BambooS will give us profitable returns. The assumptions we made for these three months are conservative as we know that our company is still in the beginning, and the marketing and promotion are still in the early phase. The company sets systematic planning to reach the target. Thus, BambooS are very confident that our company will be able to grow in the future and become the most popular brand in the world.

We will always ensure that everyone in the company cooperates well in order to achieve the business target profit. We hope that BambooS will be the best company for producing eco-friendly straws in Malaysia. Our company assists UPM students and staff in reducing plastic usage.

Problem Faced and Solutions in Business

Every business will need to face many challenges to sustain success. As a new business, we also must face many things to achieve our business goal.

Firstly, we confirmed the product we would sell; everyone gave their opinions and ideas. This leads to 10 different products and services on the list. So we need to vote for the best one. We had faced a healthy argument on picking the best product. After discussion, we finally came out with the idea of producing an eco-friendly product. We focused on global warming issues and finally decided to produce and sell bamboo straws.

Moreover, we also have to face a conflict in fixing the vendors. We need to find the best vendors that offer the most reasonable price for us to produce the bamboo straw. The cost must be tele with our starting capital. In order to solve this, everyone has done their research on all the possible suppliers until we find the best one to choose from.

To avoid extreme market competitors, our team chose a blue ocean strategy to create a new market to achieve competitive advantages.

Business Proposal Examples For Students PDF

A business proposal is a short business plan. The business proposal describes the business process. However, a business proposal includes an executive summary, problem statements, product, finance, and solution. The example of a business proposal for students certainly guides others to create a business plan. This business plan sample teaches how to write business plan assignments for students. Students might learn how to write a simple business plan and proposal.

The importance of a business plan is crucial to stakeholders, employees, students, and entrepreneurs.   Additionally, the business plan example assists employees in creating a professional business proposal.

Author: M M Kobiruzzaman

M M Kobiruzzaman is a researcher, lecturer, and academic & creative content writer. He studied for a Master of Management By Research at the School of Business and Economics Faculty, Universiti Putra Malaysia. Previously, he graduated from the Department of Communication, Universiti Putra Malaysia. His research interests contained Journalism, Social Media Communication, Information and Communication Technology (ICT), and Corporate Communication. He has published several journal articles globally. He prefers to impart academic knowledge to other people through content writing.  View all posts by M M Kobiruzzaman

16 thoughts on “Business Plan Examples and Sample For Students”

this is wonderful ,,nice work

I need more info

Nice work keep on educating me I bet your help

Good Day! Can I ask your permission to use your template in my class discussion? It is very detailed and all the components present in this format.

Yes, You Can.

Great work,keep it up

great article . check out datatoleas.com

This template is the best I have seen It’s so detailed You have everything you are looking for

It’s a good sample for up coming entrepreneurs,keep it up 👍🏻

Mr Kobiruzzaman thanks so much am Kimera Kenneth from Uganda but your content is so useful.

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