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School Bag Project Report, Business Plan

Table of contents, market potential of school bag making business in india, market demand of school bag making business, procedure to start school bag making business, market research for school bag making business, business plan for school bag manufacturing unit, financial arrangement for starting school bag making business, registration, license, and permissions required for starting school bag making business in india, location or area required to start school bag making business, machinery and equipment required to start school bag making business, raw materials required to start school bag manufacturing business, manufacturing process in school bag making business, school bag project report/economics of school bag making business in india, marketing strategies to promote your school bag product, key points to make your school bag making business a successful one.

School Bag Project Report and Making Business Plan

Introduction

Hello friends, today we are here with a new topic called “ School Bag Project Report “. Did you ever plan on starting a school bag-making business? It’s a lucrative idea to become an owner for any business? Mainly it has the option to work from home. The school bag is an essential item for any student either for college or of school level. Currently, it is also seen in the office going people shoulders and travelers because of its reasonable cost and durability. Even the production process is simple because of the machinery used in the school bag manufacturing business.

School bags manufactured nowadays are of various sizes and with extraordinary design. They are used by students from an early age to colleges. Cloth and other material are deciding factors for a quality bag and it will also determine the cost of the product. Now, let us get into the details of the school bag making business and the school bag project report.

A step-by-step guide to School Bag Project Report and Making Business Plan

In a country like India, with a population of more than 120 crores, the population of students in every region is very high. Apart from that, the increased awareness among the parents to educate their kids have resulted to have students from rural areas and villages too. Thereby, increasing the requirement of school bags in urban areas and rural areas annually. It is projected to have a great scope and demand in the future as well for the school bag-making business.

Previously there was only particular material for school bags and were made manually. But nowadays, with the technological advancement of semi-automatic heavy-duty sewing machines, the bag manufacturing process has been simple and not a labor-intensive business. This indicated that the school bag making a profitable small-scale business idea as a start-up.

Since all students require bags, therefore a requirement of these bags exists in several areas. As per projection, each district could have almost 100000-120000 pupils in total and they need almost a bag in two years. Besides bags for school-going children, bags are needed for travelers as well. Hence, the total demand for bags is much more and one unit can be held in a district.

Every business demands proper planning and execution of steps promptly and you must follow the same for this business too. Therefore, to begin with, this business should smartly plan the various steps properly and avoid making any mistakes. Below you will find the basic steps that are necessary for starting a bag-making business.

Thorough research is mandatory for this business. You have to figure out the different aspects of the business in a comprehensive manner. Check out the reliable supplier of raw materials who can provide materials at a reasonable cost without compromising on their quality, get the information about the various steps involved in the manufacturing process and the essential equipment and the required infrastructure. All this will finally help you figure out the complete capital requirement for the business and then you can plan to look for the correct investor who can support your business. In case you have a friend or any relative associated with the same type of business it will be useful to know the various problems that evolve in the business and you can overcome that in your business in the starting itself.

A business plan very significant element that contributes to the proper initiation of any business and even crucial to the success of a business idea. It must include detailed content about the steps and marketing ideas on how you cost-effectively operate the business and even project how you plan to expand the business in the future.

When you perform a proper analysis of the business, you will estimate the total expenses of the project and will know how much you have to spend for beginning this business. Capital can be secured either from banks as start-up loans or from some financers or capitalists available nearby. Currently, we have some schemes to assist the start-ups without collateral deposits. However, a perfect business plan must be crafted with all the financial and technical aspects taking into consideration.

Plan for an appealing brand name for your product and it is even significant to make your company registered through ROC. The legal process and approvals are not so much difficult nowadays. You may verify the specific guidelines of your state and act accordingly.

• Get the essential and mandatory GST Number
• UAM Registration (udyogaadhaar.gov.in)
• Company Registration with ROC
• Trade License
• Factory License
• Drugs and Cosmetics License
• BIS Certification
• MSME registration
• Shop and Establishment Act permission
• No Objection Certificate
• Shop Act License

You may begin the school bag-making business from home only if you have the appropriate area. It will reduce the costs associated with rental charges or taking an area on lease. The home-based manufacturing will help you in reducing the staff as the family members will also help you in the operations and work will be distributed.

The School bag production mainly requires an industrial sewing machine and tape braiding machine. The other machinery is working tables, hammers, scissors, etc.

• Industrial sewing machine, Semi-automatic, single needle.
• Hand tools for button/revert fixing
• Cutting tables
• Screen printing and label printing machine
• Heavy-duty craftsmen sewing machine
• Tape braiding machine
• Cutting tools like knife cutter, angle scales, Aluminium sheets, Cutting strips, pattern sheets, etc.

To reach the changing requirements of the people, a variety of fabrics for instance polyethylene, nylon, or canvas are used to manufacture school bags of various designs. Yarns and other materials like chains, buck lace, stickers, eye lace, ribbons, and buttons are also even essential. Few materials are listed below.

• Nylon or canvas fabric 
• Nylon Viscose tape
• Sewing thread
• Slide Fasteners
• Foundation Material

In the starting, bag fabric is properly cut into three parts i.e. top flap, front, back, and gusset. The front segment is attached with a patch pocket for accommodating small items After that, all the pieces are stitched with a machine keeping around 10 mm wide piping at the pocket, top edges, and the sides. Two buckles and straps are provided to the bag. It is neatly completed after the addition of stickers, buck lace chains, etc.

In case if you miss this: Jute Bag Making Project Report .

Machinery and equipment:

Stitching Machine – 3: Rs. 30,000

Working Tables – 2: Rs. 15,000

Hand Tools: Rs. 15,000

Sales Tax, Insurance etc.: Rs. 7,000

Total: Rs. 77,000.

Raw material (per month)

Regzine Cloth: Rs. 30,000

Thread and other consumables: Rs. 2,000

Total: Rs. 32,000

Staff and labor salaries per month: Rs. 20,800.

Other expenses (per month)

Rent of Land & Building: Rs. 1,000

Electricity Charges: Rs. 250

Advertisement & Travelling: Rs. 1,000

Transport: Rs. 1,000

Consumable & stores etc.: Rs. 1,000

Potage expenses/ telephones: Rs. 250

Stationery: Rs. 250

Repairs & Maintenance’s: Rs. 250

Total: Rs. 5,000.

School bag project report – Working capital (for one month)

Raw material: Rs. 32,000

Salaries & Wages: Rs. 20,800

Other Expenses: Rs. 5,000

Total: Rs. 57,800.

Total capital investment

Building & Other Civil Works: NA

Machinery & Equipment: Rs. 77,000

Working capital for one month: Rs. 57,800

Total: Rs. 1,34,800.

Cost of production (per annum)

Total recurring cost per year: Rs. 6,93,600

Depreciation on machinery & equipment: Rs. 8,000

Interest on total investment @ 10%: Rs. 13,000

Total: Rs. 7,14,600.

Sales proceeds (per annum)

School Bags (12,000): Rs. 11,40,000

School bag project report – Profit in School Bag Making Business

Annual Gross Profit: Rs. 1,85,400

Percentage of Profit on Sales: 20.60%.

Break Even Point

Annual Fixed Cost: Rs. 3,09,600

Annual Sales: Rs. 11,40,000

Annual Variable Cost: Rs. 3,84,000

BEP = Annual fixed cost  x 100 / Annual sales – Annual variable costs

= Rs. 3,09,600 x 100 / Rs. 11,40,000 = Rs. 3,84,000 = 60%.

Marketing and promotion are crucial aspects that determine the success of your venture. Take various steps to advertise the business so that every potential customer of the school bag is aware of your business.

There are numerous materials available now in the market that gives a huge scope to manufacture a high-standard and durable end product. Sustain the quality of the product and sell it in a nearby market at a reasonable price and you will attain success in a few years.

That’s all folks about school bag project report and business plan in India.

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Create Your Corporation

How to Launch a Profitable Tote Bag Business: A Step-by-Step Guide

Learn how to start a profitable tote bag business in this step-by-step guide. Find a niche, design your bags, source materials, set up your business and start selling custom tote bags.

Are you crafty and entrepreneurial? Starting a tote bag business could be the perfect side hustle for you. Tote bags are a popular, practical item that many people use every day, so there is a built-in market for stylish, well-made options. If you have a knack for design and some basic sewing skills, you have the foundation to launch your own tote bag business. In this blog post, we'll walk you through the key steps to get started: •Developing your unique tote bag designs and styles •Sourcing high-quality, affordable materials •Creating professional samples and prototypes •Building your business and marketing your products •Selling on your own website, at local craft fairs, or wholesale to retailers

The Tote Bag Market

The tote bag market is broad, spanning mass market and luxury customers. Nearly everyone uses tote bags for activities like shopping, going to the beach or gym, or carrying items to work or school. Your target audience will depend on the specific styles and price points you want to offer. If you aim for the mass market, your totes can be more basic but still stylish, using affordable materials and simple designs. You can sell at lower price points, around $10-$30, and market to a wide range of customers. For a luxury or boutique market, use high-quality, unique materials and more intricate designs. Price points would be $30-$100 or more. Market to customers looking for an premium, fashionable product. You can also choose to focus on a local market, selling at craft fairs, local boutiques, and through your own website. This allows you to really tailor your products to your city or region. Or you may want to sell wholesale to national retailers to reach the widest range of customers. The options are endless, so think about what styles, materials, and business model match your skills and interests.

Developing Your Product

Your tote bags will be the heart of your business, so putting in the work to design unique, high-quality products is key. Some things to consider: •Focus on stylish but practical designs that appeal to your target audience. Simple prints, patterns, and textures are popular. Or create more intricate designs for a boutique look. •Use high-quality, durable materials that withstand daily use but are still affordable, like canvas, cotton, or faux leather. For a luxury product, consider leather, wool, or natural fibers. •Add custom details that make your totes stand out, like leather handles or straps, internal pockets, reinforced bottoms, or waterproof coatings. •Develop a collection of complementary styles in different sizes. Totes, shoulder bags, and crossbody bags are all popular. A range of options will give customers more to choose from. •Create professional samples and prototypes to photograph for your website and marketing materials. Get feedback from potential customers to refine the designs. •Source all materials and supplies from reputable vendors to ensure good quality at the best prices. Buy in bulk when possible to keep costs down. •Determine how you will distribute your products - selling online, at local retailers, at craft fairs, or a combination. Then you can set your price points accordingly. With stylish, well-made products, competitive prices, and a solid business plan, your tote bag business will be off to a great start. Focus on your unique designs and high quality, and your customers will keep coming back for more!

Business Economics and Finances

To run a successful tote bag business, you need to have a firm grasp on your costs, pricing, and profit margins. Some key things to consider: •Cost of goods sold (COGS): This includes the cost of materials, supplies, and labor for each bag. Aim for a COGS of no more than 50% of your retail price. So if a bag costs $20 in materials and labor to produce, sell it for at least $40. •Pricing strategy: For mass market, keep prices relatively low, around $10-$30 per bag. Boutique styles can go up to $50-$100 or more. Offer discounts for bulk or wholesale orders. You need to price high enough to account for all your costs while still being competitive. •Profit margins: With a 50% COGS, aim for a 30-50% profit margin. So if a bag costs $20 to make, selling for $40 would be a 50% margin. $30 would be a 30% margin. Higher margins mean more profit, but you have to balance that with competitive pricing. •Additional costs: Factor in overhead costs like rent, utilities, marketing, and transportation. You'll also need to account for one-time startup costs to get the business off the ground. Make sure to include all costs in your financial projections. •Financial forecast: Create a 3-year financial forecast including income statements, cash flow, balance sheets, and key metrics and ratios. This will help determine if the business can be viable and profitable. It's also important for funding, loans, and investment. •Funding: Consider using your own savings, taking out a loan, getting a line of credit, crowdfunding, or investor financing to fund your startup costs. Most businesses are not profitable for at least the first year, so adequate funding is critical.

Marketing Your Tote Bag Business

To reach your target customers and build brand awareness, you need an effective marketing strategy for your tote bag business. Some of the top options include: •Search engine optimization (SEO): Optimize your website content for search engines like Google. Use keywords related to your product, location, and target audience. Strong SEO will drive organic traffic to your site from people searching for tote bags and related terms. •Social media marketing: Create business profiles on platforms like Instagram, Facebook, and Pinterest. Post photos of your products, share blog posts, run contests and giveaways, and engage with your followers. Collaborate with influencers in your niche to reach new audiences. •Email marketing: Build an email list from your website and social media followers. Send regular newsletters highlighting new products, sales, and promotions. Offer subscriber-only discounts and flash sales. Email is a direct way to reach your customers. •Local event marketing: Apply to sell your tote bags at craft fairs, festivals, and other local events in your area. This allows you to meet customers face to face, get direct feedback, and make sales in person. Offer event-exclusive discounts and promotions to drive traffic to your booth. •Wholesale partnerships: Pitch your tote bags to local boutiques, gift shops, and larger retailers in your area or nationwide. Wholesale allows you to sell higher volumes, though at lower profit margins. Make sure to have a solid pitch deck highlighting your products, brand, and target market. •Grassroots marketing: Don't overlook simple marketing tactics like word-of-mouth referrals, reviews on sites like Yelp and Google My Business, and networking. Tell friends, family, and acquaintances about your new business and give out discount codes for them to share with their networks. With the right mix of digital marketing, local event participation, wholesale, and grassroots strategies, you can build brand visibility and drive sales for your tote bag business. Be consistent and persistent, and keep optimizing and improving your campaigns over time.

Sales Strategies and Fulfillment

To make sales and fulfill orders for your tote bag business, you need to have effective strategies and systems in place. Some key things to consider: •Your own ecommerce website: Build a user-friendly website to sell your products directly to customers. Include high-quality photos, product descriptions, and an easy checkout process. Offer promotions and discounts to drive traffic and sales. •Wholesale partnerships: Pitch local boutiques, gift shops, and larger retailers to carry your tote bags wholesale. Provide samples, marketing materials, and resources to help them sell your products in their stores. Offer wholesale discounts and promotions they can pass onto their customers. •Local events: Apply to sell at craft fairs, festivals, and other events in your area. This allows customers to see, touch, and try on your tote bags in person. Process sales with a mobile card reader, cash, or checks on the spot. Offer show specials to drive interest. •Third-party platforms: Sell your tote bags on sites like Etsy, Amazon Handmade, and Shopify to reach new audiences. These platforms have built-in traffic and handle the ecommerce infrastructure for you, though they do charge fees and commissions on sales. •Order fulfillment: Have a streamlined process to fulfill orders from all your channels. Keep enough inventory on hand to fill orders promptly. Package items carefully and include a handwritten thank you note. Ship orders within 1-2 business days via USPS, UPS, or FedEx. •Customer service: Provide friendly, helpful customer service to support your sales. Respond to questions, issues, and feedback promptly. Offer exchanges or refunds if a customer is not fully satisfied. Strong customer service will build brand loyalty and word-of-mouth promotion. With a multi-channel sales strategy and efficient order fulfillment and customer service, you can build a steady stream of revenue for your tote bag business. Continue optimizing and improving your processes to scale as your business and sales volumes grow over time.

Operations and Execution

To successfully execute your tote bag business operations, you need to establish efficient systems and processes. Some key things to focus on: •Source high-quality materials and supplies from reputable vendors at the best prices. Buy in bulk when possible to keep costs low. Always order more than enough to meet demand and account for delays or backorders. •Streamline your production process to efficiently cut, sew, embroider, print, and assemble your tote bags. Create a standardized process for each style to ensure consistency and quality. Track costs and labor for each step to determine optimal pricing. •Implement tight inventory control procedures. Keep enough materials and finished goods in stock to meet demand, but not too much excess that it ties up capital or storage space. Track inventory levels closely and reorder as needed. Conduct regular inventory counts to ensure accuracy. •Refine and optimize your order fulfillment process, including receiving orders, packaging items, generating shipping labels, and drop-off with carriers. Aim for same-day or next-day fulfillment and shipment when possible. Provide tracking information to customers. •Continuously improve your customer service procedures to promptly and helpfully respond to questions, feedback, issues, and complaints. Offer fair and reasonable return, exchange, or refund policies. Learn from interactions to improve products and the customer experience. •Review key business metrics and financials regularly to monitor the health and growth of your company. Make data-driven decisions to optimize sales, control costs, increase profits, and gain market share. Adjust strategies and operations as needed to achieve your business goals. •Consider business expansion when your company is stable and profitable. You can introduce new products, expand into new markets, open a physical retail space, increase online advertising, or other growth strategies. Expand at a pace that you can manage while maintaining quality and service.

Legal Considerations

Before launching your tote bag business, be sure to research all legal requirements and regulations. Some things to consider: •Business licenses and permits: Requirements vary by location, so check with your city clerk's office. You will typically need a business license or permit to operate. Some areas require additional permits for manufacturing or selling products. •Sales tax collection: If selling in your state, you need to register for a sales tax permit to collect and remit sales tax. Requirements vary in each state, so review the rules for your specific location. •Income taxes: You will need to pay income taxes on the profits from your business. Keep good records of all income and expenses to properly file your business taxes each year. You may need to make quarterly estimated tax payments. •Insurance: Consider business insurance policies like general liability, product liability, and commercial property insurance. These can help protect you from financial loss in the event of a lawsuit, property damage, or other issues. •Trademarks and copyrights: If using a unique business name, logo, or product designs, consider trademarking and copyrighting them to prevent others from copying or using them without permission. •Employees: If hiring staff, be aware of regulations like workers compensation, payroll taxes, minimum wage, overtime pay, and other requirements. Make sure to comply with all laws related to having employees. •Importing goods: If sourcing any materials or products from outside the U.S., review regulations from the Consumer Product Safety Commission and U.S. Customs and Border Protection. There are specific rules for importing commercial goods.

With stylish, high-quality products, a solid business plan, and strong operations and marketing, you have the foundation to build a successful tote bag business. Find your unique niche in the market and stay focused on your target customers. Sell through a multi-channel strategy, including your own website, local events, wholesale, and third-party platforms. Keep improving your systems and processes to efficiently scale your business over time. If you provide great products and service, keep costs low, and continue optimizing to increase profits, your tote bag business can be a rewarding endeavor.

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How to Start a Handbag Business in 2022: The Ultimate Guide

Do you have creative bag designs that you want to share and sell? Do you see that the women's bags and small bags niche is underserved in your target market? Do you have someone in your network who is great at bag design and wants to partner with you?

Whatever the reason is that you want to start your own small business, make sure that you should be able to outline it in a business plan from the beginning itself.

According to Statista, the global handbags market has approximately 56 billion USD opportunity. With an expected growth of over 7% annually, it is estimated that it will be a 75 billion USD market in the next couple of years. Thus if you do have an idea about handbags and believe that you can fill a gap in the market, it is a great business opportunity that you can cash in.

Additionally, the United States being one of the top revenue generating countries, now is a perfect time to start your own bag business.

But what exactly do you need to do to get your handbag business idea off the ground?

To help you prepare, we've created this six step guide on how to start a handbag business. Read on to learn everything you need to know.

How To Start a Handbag Business in 6 Steps

• Identify a market opportunity for your handbag business idea
• Define your handbags variety and USP
• Make your business legal
• Determine your overhead
• Market your business
• Don't overextend yourself financially to fund your growth

Step 1: Identify a Market Opportunity for Your Handbag Business Idea

Before you put wheels in motion for your business, the first thing that you need to decide on is the type of business model you want to pursue. This step is important because it will define the budget, target customer persona and marketing strategy. Let's look at the some of the options available to you:

Your own handbag line:

This option is valid if you are a designer yourself or have a business partner who can design stylish handbags. In this option, you will have to do all the heavy lifting yourself. 

The entire product cycle will be in your hands. You will have to design, craft, distribute the handbags on your own. 

Wholesaling other handbag brand products:

If you have an expertise in business to business sales & marketing, this option is an amazing business opportunity. You can partner with major brands and then sell the products to the retailers while pocketing a decent profit.

Retailing bags from other companies:

If a physical store or an online store is something that you have a passion for, then being a bag retailer is a great option for your business idea. You can get the bags from distributors and then sell them in your store at a decent margin.

Dropshipping:

One of the most popular options today is to start your own dropshipping store. In this type of store, you will be responsible for marketing the bags and every other aspect will be taken care of by the drop shipping supplier.

The biggest drawback from this option is that you won't have any exclusivity in the bag range and the same bags will be available from other stores as well. You will need to be an expert in marketing ( Especially social media marketing ) to generate enough sales to make your bag business worth the effort.

That said, it is also the lowest cost business model wherein you can start in less than 100 dollars.

Private label:

Getting your own private label is also an option that you can consider. In this business model, you will need to find a manufacturer who will be ready to brand the bags in your brand name. 

To the consumer, the manufacturer name won't be available and it will be a product that is in your brand name.

Given that you won't have to have an infrastructure setup for manufacturing your bags, this is a great option as you can get your own designs crafted in the workshop or choose from the available options from the manufacturer.

Once you have identified your option, you will have a much better idea of how you want to sell your bags. 

Tip: Start small and choose a business model that will help you test your business idea fast. You can always diversify your options later. But if you cannot find a product market fit, there won't be an opportunity for you to make a business out of it.

Step 2: Define Your Handbags Variety and USP

It may look simple, but this step is the hardest one to tackle. Majority of businesses don't get this step right and end up with a failed business.

To get an idea of the step involved, just think about one scenario. You work hard on setting up your business with a proper marketing plan, funding and all required compliances. With this setup you are getting visitors in your store, but they don't become customers by making a purchase. 

Will you be happy with such a scenario for your handbag business?

We are sure that nobody would like to be in the above situation. A business without customers is no business at all.

That said, along with everything else the one thing that you must get spot-on is your handbag product offerings. You can pretty much change everything in your business, like tweaking marketing strategies and getting more funding or hiring help. But if your product foundation is shaky, it will be extremely difficult to make your handbag company a success.

You can consider the following product options for your handbag business:

• Designer bags
• Bowler bags
• Duffle bags
• Crossbody handbags

Depending on your decision of business model in step 1, you have a few things to consider. Let's look at some them below:

Your own handbag line

If you have decided to have your own handbags, remember one rule of thumb. Just because you like a design, doesn’t mean your potential customer will do too. There will be a lot of trial and error before you nail down a perfect product market fit for your handbag niche.

To avoid wasting your time and money, it will certainly help to do a proper research of the bags market in your target area. Start by answering at least the following questions:

• Who is your target customer?
• Where do they live?
• How do they shop? Online or in store?
• What price points are a sweet spot?
• How will your bag design be different from the others in the market?
• What is one major feature gap you can fill in your bags?
• What material sells the best? Canvas, Vegan, Leather ?
• Why will a customer buy a bag from you and not from the other stores?
• What's your story?
• Why will the customers tell their friends about your bags?

Once you have answered all these questions, you will be in a much better position to make decisions about many things you will encounter in your business. For example, as a part of your research, you may find out that your target customers prefer buying vegan leather bags and not the animal leather ones. Based on this finding, you can decide on the manufacturing as crafting a handbag using animal leather is completely different from crafting it using the vegan leather material. The vendors that you will need to partner with will also be different based on just this one decision itself.

To give you one more example, you may find out that $19 is a price point that you need to target for a certain design. With this number in mind, you will be able to make decisions on the raw material and accessories you need to select. At such a low price point, it may not make sense to use a YKK zipper and you can try a different zipper brand.

Tip: The more you research, the better the chances of success will be. Take this research as an insurance for your handbag business career.

Selling other brands product via wholesaling or retailing

When deciding to sell other company products, you need to perform research in many different aspects. As the design is not in your control, you will have to select products as per market performance.

You can gauge the success of a design from a particular brand by looking at online reviews, checking the inventory in online stores ( do they all show selling fast, sold out?). You can also visit the local stores and check with the salespeople about their opinion on that particular product.

Basically, you don’t want to get stuck with an inventory that is difficult to sell or isn’t doing that good in the market. Even if the wholesaler has a favorable return policy and is ready to take unsold inventory back, you do end up losing on the revenue that you could have made, if you had chosen another brand and product.

One more thing that you need to consider is that the product shouldn’t be available everywhere. Because if it is, the only way to get a paying customer is by offering the lowest price. Trust us, race to the bottom isn’t something that you want to compete in. You should stay away from it as much as you can. You will need to choose exclusive brands, if possible. 

You can also plan to keep accessories such as handbag straps, handbag charms, handbag organization and protection solutions for an increase in revenues.

Step 3: Make Your Business Legal

Depending on where you are located and the business model you decide, you may be legally required to obtain certain permits and licenses before you can start your own handbag business. This is an important step and you would want to make sure that all the things are covered and there won't be any problem in the future.

To begin with, you can get the information from the local chamber of commerce. Just a quick visit should get you on the right track.

Two things that you will need to consider are listed below:

Registering a business name

Once you have identified a name for your business and checked its availability, you will need to register it with the local secretary of state. If you are thinking of going really big with your business and see it going national in the future, you will need to get a trademark as soon as possible.

Tip: Hire a brand consultant to help you get creative and set you up for an outstanding business name.

Decide on a business entity

As an entrepreneur, you need to follow a certain organizational structure to be compliant with the regulations set by the government authorities. This structure affects tax, compliance and other legal requirements, it is an important step to tick when starting a business.

You need to plan ahead and choose from the following options:

• A sole proprietorship
• Limited liability company (LLC)
• General partnership
• Corporation

Generally, in the beginning a sole proprietorship is an obvious choice and a popular legal entity structure. It is the simplest and easiest way to get started. You can transition to another entity structure as your business grows.

Consider business insurance

It is a good idea to get insurance from the beginning itself. This way, you and your business will be protected from any legal claims arising from the functioning of your handbag business. Some of the insurances you can consider are following:

• Product liability insurance
• General liability insurance
• Workers compensation
• Unemployment and disability insurance

Tip: Consider consulting an attorney or a qualified professional for this step, as their experience will be extremely valuable. They will be able to help you with everything that you need to have to be compliant with everything.

Step 4: Determine Your Overhead

You know already that launching and scaling your handbag business will involve spending a lot of money. To keep your business in good financial standing, understanding the type of costs is an essential part, when planning for your business.

You will need to understand what you will have to pay right away, what can wait and what will be a recurring expense. Once you know these costs, you will have a much better idea of your road to profitability and thus be able to secure loans and attract investment as required.

The different types of costs that you will need to consider are as following:

• Fixed costs: These costs remain the same, no matter how much you sell. They will remain constant and are easiest to account for.
• Variable costs: These costs go up or down depending on your sales volume and other business activity. If you wish you can adjust these costs as the need arises.
• Marginal costs: These are incremental costs that will be incurred when creating an additional unit of your handbags products.
• Sunk costs: These are the costs that have been incurred and can’t be recovered. Such as the cost of equipment or raw materials that can’t be returned back.

Step 5: Market Your Business

Once you have got the product ready and have your shop ( online, physical or both) all set to serve customers, the next step is to get the word out. The success of your business will now depend on how well you can do marketing for your business. 

Before you can start writing your marketing plan, you need to get some marketing fundamentals sorted out first. These are also called as the four Ps of marketing:

• Product: Along with the bags, you will need to see the packaging and branding aspects. These components are value addons that the customer is not buying directly. But are very much responsible for the value perception and loyalty.
• Price: This will depend on the perceived value of your product in the eyes of the customer. If the perceived value is less than the selling price, you will have a lot of difficulty in selling your bags.
• Promotion: Consider where you will be promoting your handbags. Will it be just digital marketing? Will you also use out of home marketing channels?
• Place: You need to find out where the customers expect to find the bags that you have to sell. Do they expect to find them in stores and not purchase them online? Are they okay in buying them online? 

Once you identify the place that they expect to find such bags, how will you make sure that your business is put in their consideration set.

After you have a clear understanding of the above fundamentals of marketing, you can start marketing your bag business. Here are some marketing channels to consider. Just remember to apply the 4Ps of marketing relevant to the specific channel, before you even start your marketing campaigns 

• Email marketing
• PPC marketing such as Google Ads, Facebook Ads
• Instagram marketing
• Tiktok marketing
• Local guides
• Online review platforms

All the hard work you put into the marketing, along with the meticulous planning you have done in setting up your business, will do wonders and you will surely be a proud owner of a thriving handbag business.

Step 6: Don't Overextend Yourself Financially to Fund Your Growth

As you can see, starting a handbag business doesn’t need a huge investment and if you plan it well, it can be started with minimum setup costs. However, as in the case of any business, it is very easy to get lost in a trap and waste money. 

Be vigilant and keep looking for any financial mistakes in your expenses. Don't get carried away by what the competitor is doing and follow them blindly. What Louis Vuitton offers as a value add on their $2000 bag isn’t something you can offer on a $29 bag in your store.

The real customers understand the difference and have their expectations calibrated as well. You just need to offer them the best product and service at that price point.

That said, there will always be a few investments that you will need to make for future success. These will not give returns right away and thus are possible only if you have money to spare. For example, when setting up a handbag store, you may need to invest in interior and other setup. These costs run in thousands of dollars and will take some time for you to recover.

Additionally, you will need to spend money on licensing, registration, professional fees, store rent and many other expenses. Your own business will start giving you revenues, once the business is set up and the customers are coming in. But until that happens, you will have to cushion these expenses on your own.

If you think that you will need help with the funds, you can consider the following options for your funding:

• Friends and family 
• Business loans
• Business lines of credit
• Business credit cards
• Bootstrapping
• Debt financing
• Crowdfunding
• Angel investment

The Bottom Line : Starting Your Own Handbag Business

Starting a business may feel overwhelming to begin with. But, If you plan it well and complete each step carefully, it will become easier as you move to the next step.

Just make sure you never stop being on the learning curve. There will be a lot to learn from the customers, investors and your own trust network.

Make time to attend exhibitions, meetups and networking opportunities. It will help you in getting to know a lot of other entrepreneurs that you can reach out to. 

We hope that the steps above will help you in your entrepreneurship journey. We wish you the best of luck and can’t wait to hear the stories of what you’ll build.

Explore related topics

Explore more, about the author, related articles, how to choose a dropshipping niche (step by step guide).

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 .

Don’t you wish there was a faster, easier way to finish your School business plan?

OR, Let Us Develop Your Plan For You

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 .

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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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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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The Ultimate School Tote Bag Guide: Where Durability Meets Style

April Cole | December 14, 2023

No matter how much we grow, there is no age limit to education! From our childhood years, our school bags have always been with us as we create beautiful school memories. Our adventure begins in elementary school, extends to high school, and perhaps continues to university. After that, our school bags become an indispensable part of our lives, sharing our most precious memories on our backs. How should we choose a school tote bag for long-lasting use, considering both durability and stylish and fun designs that speak to our fashion sense? 

Let's continue our journey through school by exploring these versatile and multi-functional products together! 

What Should an Ideal School Tote Bag Be Like?

Each bag is carried by attaching it to different parts of the body through straps. Therefore, every feature, from the ergonomics of the straps to the material of the bag, should appeal to the organic connection formed between us and the bags. In other words, it should provide us with ease of carrying, be practical, lightweight, and body-friendly. School tote bags are products that we have used the most since our childhood. Therefore, they are designed for both adults and young children to carry. Especially for children in the developmental stage, where their bones are flexible, the primary criterion in bag selection should be balanced distribution of weight on the spine. 

An ideal school or teacher tote bags should avoid carrying compartments that concentrate the weight in a specific area. Instead, pockets, additional compartments, and designated spaces for large loads should be distributed evenly and equally on the surface of the bag. A well-designed backpack should provide support to the student's spine. Some backpacks may have padding and supportive materials added to the back for comfort. These fillings not only support the back but also take on the weight inside the bag, making it suitable for prolonged use. In addition to these extra padding materials, straps are also effective elements in both comfort and weight distribution. 

Adjustable shoulder straps should be adjustable according to the user's neck and body structure. Support padding can be used more for young users. The distance between the shoulders should be kept short to prevent the straps from easily slipping, but at the same time, broad straps may be preferred to avoid putting pressure on the neck. Let's not forget that teacher tote bags are not only used in school; these versatile products also cater to different areas such as outdoor activities, sports, travel, and daily use. Therefore, the material used in bag production should be suitable for both indoor and outdoor conditions. 

Waterproof and durable materials such as polyester can make the bag more elastic, increasing the amount of load it can carry. Additionally, being resistant to dirt, these materials protect the contents of your bag from external factors. Therefore, lightweight and functional materials such as nylon and polyester are preferred in ideal school bags. However, an ideal fabric can be ruined by a poorly made stitch without careful consideration and attention to the usage area. 

The primary purpose of school tote bags is not to provide an accessory that complements clothing fashion but to carry your belongings or loads for long-term use. Therefore, attention should be paid to the extremely robust stitching of the bag. Double stitches or reinforced stitches ensure better weight-bearing capacity of the bag. Quality fabric, well-distributed padding and support, sturdy stitches… Let's say we have chosen each element in the best way for physical health and durability. 

Now let's look at the functionality of the bag. Remember, "the more pockets and compartments, the more functionality" does not mean. Sometimes poorly designed pockets or improperly placed compartments can make your job more difficult rather than providing convenience and functionality. In addition to the main compartment, different compartments such as front pocket, side pockets, or organization compartments help students store their belongings in an organized manner. A special compartment for users who need to carry laptops or tablets ensures the safe storage of devices. Pay attention to the placement of these compartments, covering every part of the bag in a balanced and equal manner. Small pockets on teacher bags should also be placed on the right and left sides of the bags in equal volume and quantity.

Speaking of weight distribution, an ideal backpack should also consider pressure on the shoulders, neck, and waist. Waist pressure reduces the load on the shoulders by carrying the weight of the bag to the waist. Adjustability allows customization of the bag according to the needs of different users. The part of the bag carrying the weight should be as close to the ground as possible, as the weight on the waist increases accordingly. Therefore, it is important for the strap length not to exceed the coccyx for proper weight distribution. Straps should also be positioned to average the space between the shoulder and neck to prevent them from slipping off. 

So far, we have discussed the back and straps of our teacher bag. However, let's not forget that the essential part carrying the load is the bottom, the base of the bag. While the strap and waist area are important for our health, a strong base is essential for the bag's own health. To ensure this, additional materials can be added to the bottoms of the bags, or elevating accessories such as wheels or feet can be added. The feet under the bag do not directly touch the ground when you place the bag, helping the bag last longer.

Bags, like your wallets, are personalized items, and they should be designed to include items that need to be kept safe. Easy-to-open bags with wide mouths that can easily drop items inside are inadequate in terms of security. The ability to attach locks to zippers increases the security of valuable items inside the bag. Also, if you carry valuable technological products or valuable materials, you may consider theft-resistant designs that have become widespread in recent times. 

Now that we have gone through the material quality of your teacher tote, the turn comes to the matter of fashion. Well, your tote bags might be quite useful and practical, an ideal teacher tote should also be appealing . That is, it should reflect your style in the most fashionable way. To this end, manufacturers consider adding extra decorative pockets, sections, or patches that can also be customized. For your own design preferences, you can attach broochs, pins, or crochets on your bags. Besides, you can opt for canvas school bags, which are suitable for print. 

What's in the Tote Bag Factory Catalog? 

Just like in every field, Tote Bag Factory offers you a variety of practical and affordable products in the field of the teacher tote. Depending on your usage area, age, and the amount of load you will carry, you can explore our sample products and features in our catalog.

Polyester Improved Essential Tote Bags

Featuring a wide range of vibrant color options, these affordable bags are particularly practical for daily use. The bag's opening is designed to easily accommodate and retrieve items such as books, laptops, or tablets. This feature allows you to use your teacher tote bags as a shopping bag as well. The polyester fabric enhances the bag's cleanability.

Budget Drawstring Bag Small Size / Junior Cinch Packs

Made from 100g non-woven polypropylene fabric, this bag is one of the flagship products of the tote bag factory. Distinguished from classic school bags by its drawstring handles, it has reinforced stress points where the weight is distributed. This ensures that your simple designed tote can carry even heavy loads with ease.

Wholesale Affordable Classic Backpacks

Suitable for all age groups, these bags have a classic school bag appearance while being ideal for daily activities such as travel and shopping. Tote Bag Factory's design emphasizes neon and bright colors, enhancing the bag's utility with additional compartments on the front. A special key ring is also added to the front of the bag for hanging water bottles or keys.

Stylish Multi-Purpose Nailhead Backpack

Meet the most stylish and uniquely designed product in the catalog. This stylish item, featuring dark, matte colors, exudes a more elegant look compared to classic school bags. The bag's straps are filled with a special sponge pad for ergonomic use. In the main compartment, a dedicated space is provided for storing magazines, large books, laptops, tablets, and other items.

Whether used as a school bag or teacher's tote bags, backpacks become indispensable parts of our lives from childhood. These items, which we share our school days with, later assist us in carrying various items in different areas and can also be companions during our travels. However, for long-lasting use, our bags should be made of tightly stitched, flexible fabric. Strap distances for weight balancing, support paddings on the back, and pocket distribution are also important factors. With personalized bags that consider these elements, you can showcase your fashion sense even at school. Don't forget to visit totebagfactory.com to explore more products! 

The school bell is ringing! Grab your teacher tote!

Frequently Asked Questions 

Are teacher tote bags suitable for washing.

You can start washing the teacher tote by putting it in the washing machine. The washing process can be done with moderately warm water, not excessively hot, and at medium settings. Additionally, it is recommended not to spin the bag in the washing machine. Afterward, you can take the bag out of the machine and hang it in a suitable place for it to dry.

How should the adjustment of a backpack be? 

Adjust the shoulder straps of your backpack to ensure that the bag fits snugly on your back and shoulders. The top of your backpack should be at the level of your shoulders. It is important that the straps are neither too tight nor too loose at this point.

How much should a backpack weigh at most? 

Considering the materials placed inside, a backpack should not exceed 10% to 15% of a child's body weight. Particularly in preschool, kindergarten, and elementary school, it is important to plan the weight not exceeding 10%, and for older age groups, it should not surpass 15%.

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The 14 best college backpacks, tested and reviewed

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As any college student knows, your backpack is the most important accessory you'll wear all year. We tested the best college backpacks for their ability to carry a day's worth class essentials neatly and comfortably. Naturally, we also looked for the best-looking ergonomic designs — our favorite bags look sleek and polished, even when filled to their brim.

Our top pick for the best college backpack is the The North Face Recon Backpack . Men's style editor Amir Ismael especially liked its ultra-supportive straps, chest and back clips that distribute weight evenly, as well as its defined pockets for your laptop, books, water bottle, and phone. For something a little more fashionable yet still as functional, I love the popular Dagne Dover Dakota for the plush straps, luxe look, and neat removable compartments.

Our top picks for the best college backpacks

Best overall: The North Face Recon Backpack - See at Amazon

Most comfortable: Patagonia Refugio Backpack 28L - See at Patagonia

Best for travel: JanSport Main Campus FX - See at JanSport

Most stylish: Dagne Dover The Dakota - See at Dagne Dover

Best convertible:  Lo & Sons Edgemont - See at Lo & Sons

Best minimalist: Vera Bradley Campus Backpack - See at Amazon

Most spacious: L.L. Bean Comfort Carry Pack - See at L.L. Bean

Best gym bag: Lululemon Everyday Backpack 2.0 - See at Amazon

Best storage: Carhartt Medium Pack + 3 Can Insulated Cooler - See at Amazon

Best for taller students:  Herschel Little America Backpack - See at Amazon

Best budget: Carhartt 25L Classic Laptop Backpack - See at Amazon

Best sporty:  The North Face Borealis Backpack - See at Amazon

Best expandable: Fjällräven Kånken Laptop 15" - See at Amazon

Best for outdoors: Eddie Bauer Adventurer Backpack 2.0 - See at Eddie Bauer

Best overall: The North Face Recon Backpack

When searching for the best college backpacks, we look for durability, functionality, and style. Undoubtedly, The North Face Recon Backpack is the perfect combination of everything you need.

It features a medium-size main compartment with a laptop sleeve, a front mesh pocket filled with practical separations for all of your smaller devices and writing utensils, and two water bottle pockets on the sides. One of the best features of this backpack is the chest and back clips meant to alleviate back pain when carrying heavier loads, and the shoulder straps are well padded as well for optimal support. We also include the Recon in our guide to the best backpacks for students , as it makes a great confidence-boosting gift for pupils heading off to a new school. In terms of style, its minimal design and array of colorways make this a versatile choice for those who use a backpack for work or when traveling in addition to on campus.

Most comfortable: Patagonia Refugio Backpack 28L

Patagonia is one of our favorite B-corp retail companies and we appreciate it's eco-conscious approach to outdoor gear. What we love most about its Refugio backpack is how plush the padding feels on the shoulders and its sternum strap that balances heavy cargo, preventing extra pressure on the spine.

The Refugio's recycled nylon structure makes a great candidate for the best college backpacks because of its high-quality feel, protective laptop and tablet sleeve, and side pockets. It also has a small outer pocket that's in the perfect spot for quickly grabbing something like a sweater or snacks.

Best for travel: JanSport Main Campus FX

Out of the best college backpacks, JanSport's Main Campus FX is a top rated travel backpack . It's perfect for a student who's carrying a 15-inch laptop with a heavy load of books and random accessories like headphones, a water bottle, beauty products, and assorted writing utensils. The padded straps make carrying its weight a bit breezier. Its dedicated laptop pocket is nicely padded, and there are two other full-size compartments, making room for anything and everything. It also has a keychain in the front pocket to keep your dorm or apartment keys handy. JanSport's Right Pack is also a helpful but downgraded option that's probably best for the techie who has gone paperless.

The Main Campus FX is great for students when they're in school and even after they graduate. Not only is it built perfectly for carrying books and laptops, but it's also versatile, making it easy to use for everything from classes to road trips to the gym.

Most stylish: Dagne Dover The Dakota

If you like a minimalistic design with ample space and clever compartments, this neoprene bag will be your saving grace. The Dakota comes in three sizes, all of which are water-resistant, shock-absorbent, and complete with sleek straps. Inside, there are pockets galore, so no space is wasted. The laptop compartment in the large version fits a 16-inch laptop, which is bigger than the average college device. The main compartment holds up to 20 liters and has a mesh tablet pocket, five medium-sized pockets, and a convenient detachable pouch. Two exterior pockets can carry your water bottle and a stash of snacks. 

We can confidently say this luxury backpack fits everything you'd ever need: a laptop, tablet, textbooks, water bottle, notebook, snacks, and a spare pair of shoes. On the outside, it looks chic and simple, but inside, it gives you all the power to be your most organized self. It even has a nearly-invisible slip pocket by the handle where you can keep small items like a snack or headphones. 

One of our favorite features is the luggage handle sleeve that allows you to slide the backpack onto any carry-on you're wheeling around. Read more in our full Dagne Dover Dakota backpack review .

Best convertible: Lo & Sons Edgemont

Sometimes a tote is more convenient to access your belongings at a moment's notice, but the one-shoulder design is bound to cause more discomfort than two straps. Instead of deciding between the two, the Edgemont combines them into one convertible bag. "The backpack straps have clips that attach to loops at the bottom of the backpack (which hide away into their own pockets when not in use). If you want to use the bag as a tote, just un-clip the straps and fold them into the back compartment. They bulge a tiny bit, but I barely noticed them, and neither will anyone else. 

When using the bag as a backpack, the top straps act like any standard backpack top handle. In tote mode, they're the main straps you can carry in your hand or over your shoulder. They're very sturdy and also comfortable to hold." — Connie Chen, former senior reporter

Best minimalist: Vera Bradley Campus Backpack

For the college student with a maturing style and an appreciation for a spacious bag, this may be a great stylistic and functional choice. It has a gently padded 15-inch laptop compartment along with two side pockets for a water bottle. It has a sizable 25-liter main compartment containing two mesh slip pockets and outer pockets to store smaller items. It zips smoothly, has comfortable straps ergonomically designed for women, and a luggage handle on the back.

This is one of the best college backpacks that combines utility with a minimalistic look. The small brand tag is monochromatic and located on the side, so it blends in with the rest of the backpack. Once you open its pockets, you get a pop of paisley pattern and personality.

Most spacious: L.L. Bean Comfort Carry Pack

This backpack is all about functionality, protecting your laptop, and basic storage. The Comfort Carry Pack has a spacious 30-liter capacity, but not an extravagance of pockets. There's a main compartment with a laptop pocket as well as a second compartment with an organizer for pencils. Made with a chest belt, hip belt, and padded straps, this is a great choice for going between school and other activities. The bungee cords on the front are also a perfect place to store one last bulky item, like a jacket or sweatshirt.

Best gym bag: Lululemon Everyday Backpack 2.0

Lululemon's lightweight Everyday Backpack does exactly what a college backpack needs to do without too many frills. The wider-set bag has a 23-liter capacity and a padded laptop pocket that fits a 16-inch device. It's made with a water-repellent fabric, two side pockets for water bottles, inner mesh pockets, and a small outer pocket. It has a luggage sleeve and the minimalistic logo doesn't scream "I love Lululemon." While not made of the thickest material, the popular fitness brand's Everyday Backpack is designed with exactly what a college student needs. The sleek shape and neutral colorways also mean it can go with lots of different looks, making this one of the best college backpacks for toting around anything from gym clothes to textbooks. 

Best storage: Carhartt Medium Pack + 3 Can Insulated Cooler

The Carhartt Medium Pack, bundled with the three-can insulated cooler, might be one of the best college backpacks for hauling books and lunch. The backpack is made from Cordura, an incredibly durable ripstop material that's also been treated to be water-repellent. The outside of the bag features a mesh pocket for a water bottle, a Hook-n-Haul system for adding extra items like the insulated cooler, and air-mesh shoulder padding. The inside of the bag has plenty of practical storage compartments. From the 15-inch laptop sleeve to the fleece-lined eyewear compartment, you can keep all of your belongings organized and easily accessible. 

"My favorite feature is the attached cooler. It can fit up to three 12-ounce cans, but it's also the perfect spot to keep snacks or a lunch for days when you have a packed schedule of classes. And when you're not on campus, it's perfect for hiking, trips to the beach, or anywhere else you'd want to enjoy a cold drink while on the go. It's also easily removable if you prefer to carry the backpack without it." — Amir Ismael, style editor

Best for taller students: Herschel Little America Backpack

The Herschel Little America backpack is a classic carryall with a deceiving name. With its spacious 25 liters and nicely padded laptop compartment, the pack is made to help you carry everything you need for school while sporting a timeless style. The main compartment is like a huge pit where you can fit a lot of things: books, snacks, tech, and more. It also has two small side pockets on the inside. Little America is easily expandable and easily collapsible. The single outer pocket is perfect for storing quick things you may need throughout your day.

The backside is thoroughly padded for comfortable carrying. Though, personally, we think this backpack works best on taller people since it's 19.25 inches long. On an average-height woman, the bag is a bit overwhelming on a shorter back.

Best budget: Carhartt 25L Classic Laptop Backpack

We've tested the now-retired Carhartt Classic Work Pack, but thankfully, the 25 L Classic Laptop Backpack is an excellent upgrade. It's water-repellent, durable, and accommodates a medium-size cargo load. Thanks to its front zippered pocket with keyring clip and separated mesh slots for your phone, notebooks, or pens, you won't lose any of your smaller items at the bottom of the bag. It has a dedicated 15-inch laptop sleeve at the back of the main compartment, and this new model even comes with side pockets of water bottle storage. 

If you're a brand loyalist, this is one of the best college backpacks for you because it comes in the classic brown colorway that the Michigan-made workwear brand is recognized for. 

Best sporty: The North Face Borealis Backpack

The North Face is known for making durable and high-quality gear and the Borealis Backpack, one of the brand's most classic styles, is no different.

The 28-liter size fits just about everything you need for class and then some. It has the standard features: a nicely padded laptop pocket, a spacious main compartment, side pockets for water bottles, a small fleece-lined outer pocket, and a bigger outer pocket with pockets and places for pens. It's built with a chest and hip belt, making it useful for hikes too.

There's also a small but thoughtful feature to appreciate: U-pull zippers that make unzipping any of its pockets 10 times easier. The Borealis Backpack may not have a bunch of hidden compartments in the niftiest spaces, but it does what it needs to with quality materials made to last a long while. And for the same price, the Women's Borealis is specifically designed to fit a slighter build.

Best expandable: Fjällräven Kånken Laptop 15"

I see this backpack all the time on my college campus, and here's why: The compact rectangular design can be expanded, making it especially versatile. The sleek look makes this a functional piece as well as a nice addition to almost any outfit. It has three pockets: a laptop pocket, main compartment, and outer pouch. The laptop pocket is well padded and the zipper is tucked away in the back. The straps are nice and soft, though oriented differently than the typical backpack, and it has two side pouches that can be used to store a water bottle and possibly even an umbrella. Read more about its upgraded version in our full Fjällräven Tree Kånken review . 

Best for outdoors: Eddie Bauer Adventurer Backpack 2.0

We tested Eddie Bauer's previous Adventurer backpack, but their 2.0 version is even better. It stands out as one of the best college backpacks because of its versatility and durability. They aren't kidding when they say this backpack is for adventures — it has a hydration-compatible compartment and two water bottle pockets for your next hike to campus. As for its functionality, this backpack has a unique side access 17" laptop pocket and small fleece-lined front pockets for your smaller items. This water-repellent bag is built to battle with you all through college and after.

You can purchase logo and accolade licensing to this story here . Disclosure: Written and researched by the Insider Reviews team. We highlight products and services you might find interesting. If you buy them, we may get a small share of the revenue from the sale from our partners. We may receive products free of charge from manufacturers to test. This does not drive our decision as to whether or not a product is featured or recommended. We operate independently from our advertising team. We welcome your feedback. Email us at [email protected] .

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How to Start School Uniform Manufacturing Business in 8 Steps

•   Next What Business Research Team

• June 22, 2023

The school uniform manufacturing business is a profitable venture in the clothing industry. Any individual can initiate this business from his or her home location also.

The school uniform manufacturing opportunity attracts small capital investment toward machinery and equipment. In a full-scale manufacturing operation, you can add manufacturing readymade garments for kids and infants.

Is School Uniform Manufacturing Business Profitable?

Uniform for school students is a must in any region. Moreover, every student requires at least, two pairs of uniforms every year. Apart from some branded school uniform manufacturing companies, the unorganized sector dominates the Indian school uniform market.

Branded school uniform market is an emerging concept in India. Additionally, industry experts expect strong growth. Growing private school market, huge unorganized market drivers & growth in organized retail are some of the reasons for increasing the demand for school uniforms.

You can figure out the total market potential in any particular location can by multiplying the number of students up to 10 years of age at each school and the number of schools.

8 Steps to Start School Uniform-Making Manufacturing Business

1. understand the local market.

It is essential to collect as much information as possible to understand the local demand for school uniforms. Do market research to know the market volume, pricing, and competition from other players. This information will play a key role in planning your school uniform business effectively.

2. Create a Business Plan

After you decide on finally starting a school uniform-making business, the next step is to create a business plan document. If you are looking for funds for your startup, it is advised to hire a competent business plan writer or an accounting professional and create your school uniform project business plan. Some of the basic topics that must be addressed are as follows:

• Fixed and recurring costs
• Market Industry Analysis
• Target Customers
• Pricing Strategy
• Manpower Plan
• Operational Plan
• Marketing Plan

3. School Uniform Manufacturing Business Registration & License

Business registration is a must. Register with ROC as per the management pattern of the company. Obtain Trade License from the local Municipal authority. Apply for Udyog Aadhar MSME registration . Obtain GST registration number. Register a Trademark to protect your company brand name.

4. Cost of Starting School Uniform Manufacturing Business

The costs and investments will largely depend on the scale of production and the type of machine installed. On average, the cost of starting a small-scale school uniform manufacturing business will be in the range of Rs. 5 Lacs to Rs. 10 Lacs

5. Arrange Fund

Land and building, the cost of machinery and equipment, raw materials, and consumables are the major investment factor. In the case of applying for a project loan , you will need to arrange the collateral security amount according to the demand of banks. For working capital requirements, cash credit is the best option to avail.

Also, do not forget to apply for a credit card to meet small-time expenses.

6. School Uniform Manufacturing Machine & Raw Materials 

The range of machines will depend on the scale of operation and the size of the manufacturing unit. However, you will need to have the following basic machinery to launch a school uniform manufacturing unit.

• Sewing machine
• Automatic zig-zag machine
• Cutting table
• Overlock machine
• Electric iron
• Other miscellaneous equipment like scissors, tapes, etc.

The only needed raw material is textiles. You will also need to procure different sewing threads, buttons, zips, etc.

7. Learn School Uniform Manufacturing Process

The manufacturing process involves the following steps:

a. Procurement of fabric:

As per the demand, you have to procure dyed/bleached/printed cotton/synthetic fabric of various colors from the market. First of all, inspect the fabric by laying it on the inspection table against light before cutting. So that, you can eliminate the unevenness in color/shade or any other fault if visible in the fabric.

b. Cutting and Stitching:

The inspected fabric is placed on the cutting table in the form of layers and then the different parts of the respective garments are demarked by chalk as per different sizes. Additionally, the cutting of garment parts is done manually. Stitching the individual portion of the garments by skilled workers with the help of overlock, lock stitch machines, etc.

c. Checking, Processing, and Packing of Uniforms:

Final checking is done before pressing and packing on the checking table so that any fault in the piece may be removed and protruding threads may be eliminated. Individual pieces are pressed by electric presses to remove any wrinkle marks and packed in the carton boxes.

There is no specific quality standard for this product. However, you must take care of the procurement of good quality textile material in the school uniform manufacturing operation.

For the commencement of production, the project will take a period of 6 months from the date of registration. You will need to complete the formalities as such crafting a business plan or project report, registrations, finance arrangement, procurement & installation of machinery, electrification, and staffing. Additionally, you will need to arrange 5 HP power to run a full-scale school uniform manufacturing unit.

8. Have a Marketing Plan

Developing an effective marketing plan is the key to the success of the school uniform manufacturing business. Create an attractive logo, visiting cards, and brochures and distribute them to your potential customers.

Create a website to make an online presence. Also, create a company page on social media platforms. Keep updating your website and social media pages with recent company activities. These marketing activities help in creating a unique brand personality in the school uniform industry.

The Editorial Staffs at NextWhatBusiness is a team of Business Consultants with years of experience in small and medium-scale manufacturing and service-based businesses.

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Home » Sample Business Plans » Education » School

How to Write a Private School Business Plan [Sample Template]

Are you about starting a private school (nursery, primary or high school)? If YES, here’s a complete sample private school business plan template & feasibility report you can use for FREE. Okay, so we have considered all the requirements for starting a private school.

We also took it further by analyzing and drafting a sample private school marketing plan template backed up by actionable guerrilla marketing ideas for private schools. So let’s proceed to the business planning section.

Why Start a Private School?

One of the best things that can happen to anyone is to have a private school. This is one very lucrative business that will continue to rake in money for its owners. As an aspiring entrepreneur who is looking towards starting a business, you should ensure that whatever business you intend to start, you make sure that it is located in an appropriate place.

For example; if you want to start a private school, it will be a wrong business judgment if you decide to site the school close to an industrial area or close to a market. Aspiring entrepreneurs therefore are urged as a matter of necessity to ensure that they carry out a thorough market research and feasibility study of the industry they intend to go into before investing their hard earned money and time.

It is known fact that the demand for private schools is driven by the fact that most public cum government owned schools cannot accommodate every students or potential students in a given geographical location. In some cases, students with special needs cannot cope in public schools hence the need for private schools.

If you think starting a private school business sounds like what you want to do. Then you may want to use the business plan below as a guide.

A Sample Private School Business Plan Template

1. industry overview.

Private schools which is also known in the united states as independent schools, non-governmental, or non – state schools are schools that are not administered by either the local, state or the federal governments; hence, they have the right to select their students and are funded in whole or in part by charging their students tuition fees, rather than relying on mandatory taxation through public (government) funding.

Some private schools have structure in place that offer scholarships to some students, which makes the cost cheaper, depending on a talent such as sport scholarship, art scholarship, academic scholarship the student may be brining to the private school, financial need, or tax credit scholarships that might be available.

The Private Schools industry comprises of primary that is kindergarten through sixth grade and secondary that is seventh through 12th grade) educational institutions that are predominantly funded through enrollment and tuition fees from students and of course from other private sources.

Recent reports released by IBISWORLD shows that the revenue for the Private Schools industry is expected to increase, as the economy continues to recover. The indicated that during the five years to 2016, enrollment decreased, which was a trend attributable to rising costs and competition from charter schools.

However, going forward, in the next five years, household income is anticipated to increase, making it easier for families to afford private-school tuition. Additionally, enrollment declines will lesson, resulting in more stable demand for private schools

In the United States of America and of course in most countries of the world, The Private Schools industry is indeed a large and thriving industry. Statistics has it that The Private Schools industry in the United States of America, is worth $52 billion, with an estimated growth rate of 0.1 percent.

There are about 25,742 registered and licensed (accredited) Private schools scattered all around the United States of America and they are responsible for employing about 644,320 people.

Aside from Catholic schools, which is the second largest sector after government schools, with around 21 percent of secondary enrollments, no other private school can boast of dominating the market; every player in the industry can comfortably compete in the industry.

It is important to state that the barriers to entry into the Private Schools industry are high. As a matter of fact, the private school industry is an industry in which it is pretty difficult for new entrants to establish themselves. So also, the reputation of the private school is of utmost importance, as private schools that have a good history of getting students into prestigious colleges often have the best reputations hence good enrollments.

With this, it is obvious that a new entrant in to the private school industry cannot offer this. Reputation indeed is imperative to parents’ decisions when shopping for private school for their wards. This is so because the quality of education cannot be assessed until well after it is complete. As a major marketing tool, schools need to show parents a track record of admission to elite colleges and universities.

Even though this might seem like a saturated industry, the industry is still pretty much open for aspiring school proprietors and proprietress to still come in and compete. As a matter of fact, if you conduct your research and feasibility studies very well before starting your own private school couple with impressive profile of your faculty members, you are likely going to struggle less to make headway in the industry.

2. Executive Summary

Rolland Gyros International Private School is an international private school that will be located in a well – populated residential estate in Ashville – North Carolina, United States of America. We are a standard private school that is composed of primary (kindergarten through sixth grade) and secondary (seventh through 12th grade) educational institution that will be predominantly funded through tuition fees and levies from students and of course from other private sources.

Rolland Gyros International Private School is a client-focused and result driven private school that provides broad-based learning approaches and experience at an affordable fee that won’t in any way put a hole in the pockets of our clients (students and parents alike).

We will offer standard and professional teaching services in a highly secured and conducive learning environment to all our students that is primary (kindergarten through sixth grade) and secondary (seventh through 12th grade). We will ensure that we work hard to meet and surpass all our students’ expectations and educational goals whenever they enroll in our tutorial college.

At Rolland Gyros International Private School, our students’ overall best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professional educationist cum teachers in various subjects who are well experienced and passionate in imparting knowledge to students at various learning ladder.

Rolland Gyros International Private School will at all time demonstrate her commitment to sustainability, both individually and as an educational organization, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our students’ needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our students.

We have plans to offer learning platforms to people with both learning disability and physical disability (especially the blind, the dumb and the deaf). Our overall business goal is to position our private school to become the leading tutorial brand in the educational industry in the whole of Ashville – North Carolina, and also to be amongst the top 30 private schools in the United States of America within the first 12 years of operations.

This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our research and feasibility studies and we are enthusiastic and confident that Ashville is the right place to launch our private school.

Rolland Gyros International Private School is founded by Dr. (Mrs.) Irene Rolland Gyros and family. She is an educationist per excellence and she has won many awards in the education sector in the United States. Dr. (Mrs.) Irene Rolland Gyros has both the academic qualifications and experience to run a private school that can favorably compete with other leading private schools not only in Ashville – North Carolina, but also throughout the United States and Canada.

3. Our Products and Services

Rolland Gyros International Private School is going to offer varieties of educational services within the scope of the education board in the United States of America. Our intention of starting our private school is to soundly educate people in various subjects and of course to make profits from the education cum private schools industry and we will do all that is permitted by the law in the US to achieve our aim and business goal.

Our service offerings are listed below;

• Teaching basic literacy and numeracy
• Establishing foundations in science, mathematics, geography, history and other social sciences
• Constantly working hard to meet regulatory accreditation standards
• Administering private funding efforts
• Providing access to extracurricular activities
• Retailing of Educational Books and Materials

4. Our Mission and Vision Statement

• Our vision is to build a highly competitive private school that will become the number one choice for both parents and students in the whole of Ashville – North Carolina.
• Our vision reflects our values: integrity, service, excellence and teamwork.
• Our mission is to provide professional and conducive learning environment to students at different level of learning.
• Our overall business goal is to position Rolland Gyros International Private School to become the leading private school brand in the educational cum private school industry in the whole of Ashville – North Carolina, and also to be amongst the top 30 private schools in the United States of America within the first 12 years of operations.

Our Business Structure

It is a known fact that, the success of any business is to a larger extent dependent on the business structure of the organization and the people who occupy the available roles in the organization. Rolland Gyros International Private School will build a solid business structure that can support the growth of our private school.

We will ensure that we hire competent hands (teaching and non – teaching staff members) to help us build the private school of our dream. The fact that we want to become one of the leading private school brand in the industry in the whole of the United States of America makes it highly necessary for our organization to deliberately build a well – structured business from the onset.

We will work hard to ensure that we only attract people with the right mindset to help us achieve our business goals and objectives in record time. Below is the business structure that we will build Rolland Gyros International Private School;

• Head of The Private School(School Proprietress)

School Administrator

Tutors for Various Subjects – Secondary (seventh through 12th grade)

Tutors for Various Subjects – Primary (kindergarten through sixth grade)

• Accountant / Bursar
• Client Service Executive / Front Desk Officer

Security Officers

5. Job Roles and Responsibilities

Head of the Tutorial College / School Coordinator:

• Responsible for providing direction for the college
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for handling high profile clients and deals
• Responsible for fixing fees and signing business deals (partnership)
• Responsible for signing checks and documents on behalf of the tutorial college
• Coordinates all arms of the tutorial school (tutorial center, adult education, home tutors and special education)
• Evaluates the success of the tutorial college
• Reports to the board of the tutorial college
• Responsible for overseeing the smooth running of HR and administrative tasks for the tutorial school
• Designs job descriptions with KPI to drive performance management for tutors (teachers)
• Regularly hold meetings with key stakeholders (parents and member of the school board) to review the effectiveness of the schools’ Policies, Procedures and Processes
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Oversees the smooth running of the daily activities of the private school.
• Effectively teach subject / subjects as assigned by the school administrator
• Accesses the progress of students under their care
• Ensures that students abide by the rules and regulations of the private school
• Contributes his / her quota towards growing the private school
• Receives complaints from parents and channel it to the appropriate quarters
• Handle any other duty as assigned by the school administrator.
• Ensure that students abide by the rules and regulations of the school administrator
• Handles any other duty as assigned by the school administrator.

Marketing Executive

• Identifies, prioritizes, and reaches out to new students, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
• Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
• Responsible for handling business research, market surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding increase sales
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the school

School Bursar (Accountant)

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for one or more properties.
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for Rolland Gyros International Private School
• Serves as internal auditor for Rolland Gyros International Private School

Client Service Executive

• Welcomes / receive parents and students by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with parents and students (e-mail, walk-In center, SMS or phone) provides the parents and students with a personalized customer service experience of the highest level
• Through interaction with parents and students on the phone, uses every opportunity to build parent’s interest in the schools’ products and services
• Manages administrative duties assigned by the HR and Admin Manager in an effective and timely manner
• Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to parents and students when they make enquiries
• Receives parcels / documents for Rolland Gyros International Private School
• Distribute mails in the organization
• Handles any other duties as assigned by the School Administrator.
• Responsible for cleaning the school facility at all times
• Ensures that toiletries and supplies don’t run out of stock
• Cleans both the interior and exterior of the schools facility
• Handles any other duty as assigned by the school administrator
• Ensures that the school facility is secured at all time
• Controls traffic and organize parking
• Gives security tips to staff members from time to time
• Patrols around the building on a 24 hours basis
• Submits security reports weekly
• Any other duty as assigned by the school administrator

6. SWOT Analysis

Rolland Gyros International Private School engaged the services of a core professional in the area of business consulting and structuring with bias in the education sector to assist us in building a well – structured private school that can favorably compete in the highly competitive education cum private schools industry in the United States.

Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Rolland Gyros International Private School. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Rolland Gyros International Private School;

As a private school, our core strength lies in the power of our team; our workforce. We have a team with excellent qualifications and experience in the educational sector. We are well positioned in a community with the right demography and we know we will attract loads of students from the first day we open our doors and welcome students for enrollment.

As a new private school in Ashville – North Carolina, it might take some time for our organization to break into the market and gain acceptance via reputation in the already saturated education cum private schools industry; that is perhaps our major weakness.

• Opportunities:

The opportunities in the education cum private schools industry is massive considering the number of parents who would want their wards to perform excellently well in their education and go ahead to be admitted in Ivy league colleges. As a standard and international private school, Rolland Gyros International Private School is ready to take advantage of any opportunity that comes her way.

Every business faces a threat or challenge at any part of the life cycle of the business. These threats can be external or internal. This shows the importance of a business plan, because most threats or challenges are to be anticipated and plans put in place to cushion what effect they might bring to the private school.

Some of the threats that we are likely going to face as a private school operating in the United States of America are unfavorable government policies that might affect private schools, the arrival of a competitor within our location of operations and global economic downturn which usually affects spending / purchasing power.

There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.

7. MARKET ANALYSIS

• Market Trends

The trend in the private school line of business is that the key to attracting students is the educational performance and the pass rate of their students in national exams. Any private school that has good records will always thrive. The demand for private schools is driven by the fact that most public cum government owned schools cannot accommodate every students or potential students in a given geographical location.

In some cases, students with special needs cannot cope in public schools hence the need for private schools. The economic downturn hasn’t really affected this industry, especially in countries that believe in the efficacy of education.

The areas you would need to spend heavily on is in ensuring that your school is up to standard, your advertisements, and on insurance policy cover. Lastly, it is trendier to find private schools engaging in extra – curricular activities and as a matter of fact, a private school that thrives in sports can leverage on that to attract students who are sports inclined.

8. Our Target Market

As a standard and international private school, Rolland Gyros International Private School is going to offer varieties of educational services within the scope of the education board in the United States of America. Our intention of starting our private school is to soundly educate people in various subjects and of course to make profits from the education cum private schools industry

Our target market as a private school cuts across people (students) of different class and people from different culture background whether African, White, Caucasian, Latinos, Indians, and Asians. We are coming into the education cum private schools industry with a business concept that will enable us work with the students at different learning stages residing in and around Ashville – North Carolina.

Our competitive advantage

Indeed the private schools industry is highly competitive and the entry barriers are high. As a matter of fact, the private school industry is an industry in which it is pretty difficult for new entrants to establish themselves. So also, the reputation of the private school is of utmost importance, as private schools that have a good history of getting students into prestigious colleges often have the best reputations hence good enrollments.

We are quite aware that to be highly competitive in the education cum private schools industry means that you should be able to deliver consistent quality service, your students should be able to experience remarkable difference and improvement and you should be able to meet the expectations of both students and parents alike.

Rolland Gyros International Private School might be a new entrant into the education cum private schools industry in the United States of America, but the management staffs and owners of the private school are considered gurus. They are people who are core professionals, licensed and highly qualified educationist / teachers at various levels of learning in the United States. These are part of what will count as a competitive advantage for us.

Lastly, our employees (teaching and non – teaching staff members) will be well taken care of, and their welfare package will be among the best within our category (startups private school in the United States) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Rolland Gyros International Private School is established with the aim of maximizing profits in the education cum private schools industry and we are going to go all the way to ensure that we do all it takes to attract students on a regular basis.

Rolland Gyros International Private School will generate income by offering the following tutorial services;

• Teaching High school students various subjects in our private school

10. Sales Forecast

One thing is certain, there would always be parents and students who would need the services of private schools to be able to achieve their educational goals and as such the services of private schools will always be needed.

We are well positioned to take on the available market in Ashville – North Carolina and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the private school and our student base.

We have been able to critically examine the private schools cum education market in the United States of America and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.

The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Ashville – North Carolina. Below is the sales projection for Rolland Gyros International Private School, it is based on the location of our tutorial center and of course the wide range of tutorial services that we will be offering;

• First Fiscal Year-: $250,000
• Second Fiscal Year-: $450,000
• Third Fiscal Year-: $750,000

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

• Marketing Strategy and Sales Strategy

We are mindful of the fact that there is stiffer competition amongst private schools in the United States of America; hence we have been able to hire some of the best marketing experts to handle our sales and marketing concerns. Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the private school.

We will also ensure that our students’ excellent results from national exams and other exams speaks for us in the market place; we want to build a standard and first – class private school that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).

Our goal is to grow our private school to become one of the top 30 private schools in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Ashville – North Carolina but also in other cities in the United States of America.

Rolland Gyros International Private School is set to make use of the following marketing and sales strategies to attract clients;

• Introduce our private school by sending introductory letters alongside our brochure to schools, parents / household and key stake holders in Ashville – North Carolina.
• Print out fliers and business cards and strategically drop them in schools, libraries and even student organizations.
• Creating a website, allows parents to be able to look you up, and also allows you to post general study tips, giving you an added advantage.
• Use friends and family to spread word about our private school
• Introduce Rolland Gyros International Private School to learning specialists, school coaches, school administrators, teachers, guidance counselors especially as they are with students everyday
• Post information about Rolland Gyros International Private School on bulletin boards in places like schools, libraries, and local coffee shops.
• Placing a small or classified advertisement in the newspaper, or local publication about Rolland Gyros International Private School
• Using tutorial referral networks such as agencies that will help match students with Rolland Gyros International Private School
• Joining relevant association or body that will enable you network and meet others in same industry.
• Advertising online by using an advertising platform such as Google Adwords, that will allow us place text advertisements alongside on websites with related contents, and along results from search engines.
• Advertise our private school in relevant educational magazines, newspapers, TV stations, and radio station.
• Attend relevant educational expos, seminars, and business fairs et al
• Engage direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We are aware of the potency of a good publicity strategy hence we have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

We are set to become the number one choice for both parents and students in the whole of Ashville – North Carolina which is why we have made provisions for effective publicity and advertisement of our private school. Below are the platforms we intend to leverage on to promote and advertise Rolland Gyros International Private School;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community based events / programs
• Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our brand
• Install our Bill Boards on strategic locations all around Ashville – North Carolina.
• Engage in road show from time to time in targeted neighborhoods in and around Ashville – North Carolina
• Distribute our fliers and handbills in target areas in and around Ashville – North Carolina
• Passing general information via our school’s social media handles like twitter, Facebook, Google hangouts etc.
• Ensure that all our teaching and non – teaching staff members wear our branded shirts and all our vehicles are well branded with our schools’ logo et al.

12. Our Pricing Strategy

Private schools in the United States of America and of course in all the parts of the world charge students per tem / per session and students have the options of either paying their tuitions before resumption or during the school session.

Private schools generally charge students based on loads of factors, locations, services offerings and extra – curricular activities et al At Rolland Gyros International Private School we will keep our fees below the average market rate for all of our students by keeping our overhead low and by collecting payment in advance.

In addition, we will also offer special discounted rates to all our students at regular intervals. We are aware that there are some students that would need special assistance, we will offer flat rate for such services that will be tailored to take care of such students’ needs.

• Payment Options

At Rolland Gyros International Private School, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

• Payment by via bank transfer
• Payment via online bank transfer
• Payment via check
• Payment via bank draft
• Payment via mobile money
• Payment with cash

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

13. Startup Expenditure (Budget)

In setting up a private school business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by acquiring a large facility, then you would need a higher amount of capital as you would need to ensure that your employees are taken care of, and that your private school’s environment is conducive enough for the students to learn.

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

As for the detailed cost analysis for starting a private school business; it might differ in other countries due to the value of their money. However, this is what it would cost us to start Rolland Gyros International Private School in the United of America;

• Business incorporating fees in the United States of America will cost – $750.
• The budget for Liability insurance, permits and license will cost – $3,500
• Acquiring a large facility that will accommodate the number of block of closes, playing field, staff offices and parking lots et al (Re – Construction of the facility inclusive) will cost – $350,000.
• Equipping the classes and office (computers, printers, projectors, markers, pens and pencils, furniture, telephones, filing cabinets, and electronics) will cost – $50,000
• Launching an official Website will cost – $500
• The budget for the payment of salaries for the first three months of operations: $120,000
• Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $15,000

Going by the market survey and feasibility studies conducted, we came to the conclusion that we will need an average of $750,000 to start a small scale but standard private school in the United States of America.

Generating Funding / Startup Capital for Rolland Gyros International Private School

Rolland Gyros International Private School is a family business that will be owned and managed by Dr. (Mrs.) Irene Rolland Gyros and her immediate family. They are the sole financial of the private school which is why they decided to restrict the sourcing of the start – up capital for the private school to just three major sources.

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

• Generate part of the start – up capital from personal savings and sale of his stocks
• Generate part of the start – up capital from friends and other extended family members
• Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $250,000 (Personal savings $200,000 and soft loan from family members $50,000 ) and we are at the final stages of obtaining a loan facility of $500,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

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

One of our major goals of starting Rolland Gyros International Private School is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers (students and parents alike) over is to ensure that we offer nothing less than the best, to offer quality education to all our students so much so that they can favorably compete with students all over the United States and gain admission to Ivy League colleges.

Rolland Gyros International Private School will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy.

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

More on School

• Entrepreneurship

HOW TO START A BAG MAKING BUSINESS IN NIGERIA

Are you thinking of starting a bag making business,? This article will put you through the steps to start this business.

Considering the fashionable level of Nigerian women, it is also one of the small medium enterprise that has the capacity for wealth and job creation.

Bags have been used for many decades as a way by which people carry their money no matter the gender.

 Bags are not only used to carry money but serve as an easier way for people to carry other personal items.

In the 24th century, bags have turned out not to be only used to carry money or personal items but serves as a must have fashion gear, especially for women.

For men fashion mainly is all about clothes and shoes they wear but for women, it goes beyond that.

Women fashion includes clothes, shoes, accessories, makeups and bags or purse.

READ HOW TO START A FREELANCE WRITING BUSINESS IN NIGERIA

All over the world, it is difficult for you to see a lady going out without carrying a bag or a purse. Everyone can testify to that.

 Also very rare do you see a lady that just have only one bag. Just as they spend money to buy clothes and shoes they also spend lots of money on bags.

Bags comes in different styles, sizes, colors to meet different occasions.

The fashion industry is set to be worth billions of dollars and top brands in fashion has also gone ahead to dive into bag making.

Since the involvement of these top brands into bag making this business has kept on growing rapidly

Since Nigeria is not lacking behind when it comes to fashion lots of people has also done into the bag making business and are using their creativity to manufacture colorful designs and styles of bags using different materials.

Starting a bag making business in Nigeria can be very profitable if you know what you are doing.

Women bags in Nigeria are not that cheap, 1 bag can cost ₦5,000 and imagine women having more than 3 and are still ready to buy more.

The good thing about this business is that if you are just starting out, you can start from the comfort of your home.

 Depending on how you intend to start the business, You can operate either on part-time or full-time bases.

Without wasting much time, let us discuss the steps to start a bag making business in Nigeria

Decide On The Type Of Bag To Make

Since bag making goes beyond handbags for women you will have to decide on the type of bag to make. Who would your bag be made for, would it be for only women, men, kids and so on.

 You have to pick the one that is convenient for you.

Most times doing market research on the different bag making ideas is important as it will help aid your decision.

These bag ideas may include tote bags, school bags, messenger bags for men, clutch, hobo bags and so on.

Do a Research

Once you have been able to decide on the kind of bag you would be making then it is time to do market research to know if it would be a lucrative idea.

 This research will also help you know who your targeted audience are.

Depending on the type of bag you have decided to make your audience might be younger people in their 20s or those in their 40s and beyond.

Write A Business Plan

A lot of things will come to your mind when you intend to start a new business but a business plan helps you keep your idea in perfect shape.

Your business plan will include your goals for the business, the research on you taken to know the market size of the business, how much you are willing to invest in the business and other relevant information’s.

Learn How To Make Bag

No one is born with the gift of making bag so you will have to learn the art of bag making.

You can attend skill acquisition seminars where they teach people how to make bags or simply serve as an apprentice in a bag making company.

 With this, you will learn the trade first hand and gain experience before you launch your own business.

Depending on how far you are in learning it should not take you up to 6 months to 1 year to learn the trade completely.

Choose A Business Location

Once you are through learning how to make bag then you can start your very own bag making business.

For this to happen you will need a place where you would store your equipment and start manufacturing.

 The good thing about this business is that you can start it anywhere. If you are unable to rent a shop you can as well start right from the comfort of your home.

Register Your Business

If you are thinking of doing this business long term and create your unique brand, You have to register a business name.

 All you need is an attractive business name as it is what most people will be seeing not you.

You can register a business name with the Corporate Affairs Commission (CAC) for less than ₦50,000.

Get The Necessary Equipment’s

The first thing to consider before getting any equipment of any sort would be where you would be getting your raw materials from.

 If you are into making leather bags, then getting high-quality raw material should be your top goal. This would involve you doing some more research as to where to source your materials.

after this,you can go ahead to start getting the various equipment’s. These include:

Sewing machine

Finger presser

Walking machine foot

Thick treads

Machine needles

Tape measurement

Travel iron with steam function

Ironing board

Fabric glue

Rotary cutter

1/4in basting tapes

Sewing clips

Start Manufacturing

Once everything has been put in place then it’s time to start manufacturing your bags. This is where the creative side of you will be brought to life. You can mix materials so as to get a perfect design.

Get A Fixed Price

Having to fix price for your products can sometimes be difficult as you won’t want to fix a price that will be too expensive for people to buy or cheap that you will make little or no profit.

 For you to get a fixed price, you will have to first figure out the total amount used in producing one bag and decide how much profit you intend to make.

 For example, if it costs you ₦10,000 to manufacture one bag you can put your profit at ₦3,000 making the fixed price ₦13,000.

One other thing you should know about pricing is that if you are new to the market it would be very difficult to sell your products at a high price.

Open A Store

Once everything has been put in place and you are ready to enter the market you can then think of various ways you can promote your products to get customers to buy from you.

If you decide to use the traditional means of opening a shop and displaying your items for people to purchase which is good or you can decide to go online and open an e-commerce website where people can buy your products online.

Read Why Nigerian Youths Needs Digital Skills.

For me, the best route to take would be to open an e-commerce website where you are able to market your products to a larger audience.

 If you find it difficult to open an e-commerce website, you can sign up as a merchant for top e-commerce websites in Nigeria such as jumia.com.ng, konga.com, Jiji.ng and so. You will be able to display your items and get people to buy from you.

If you are able to run both an offline and online store for your item that would be better.

People are not just going to start coming to your store immediately you open up which is why you will have to advertise your business.

There are various ways you can promote your products and they include: word of mouth, advertising on newspaper, radio, TV, social media and so on.

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How To Make Money In Nigerian University

HOW TO START A FREELANCE WRITING BUSINESS IN NIGERIA

About JOSEPH ADEWALE

One natural gas transport plan killed in New Jersey as another forges ahead

Taylor McFarland, a project manager with the Sierra Club speaks at a press conference in Keyport N.J., on Monday, May 6, 2024, to celebrate the cancellation of a natural gas pipeline project that would have run through the bay en route to New York City. But a different project to carry liquefied natural gas through Pennsylvania and New Jersey for export to other nations is moving forward. (AP Photo/Wayne Parry)[ASSOCIATED PRESS/Wayne Parry]

KEYPORT, N.J. (AP) — A major pipeline that would have moved natural gas through New Jersey and under two bays to New York has been killed, but another plan to transport liquefied gas from Pennsylvania by tanker truck is moving forward.

Environmentalists who had fought both projects reacted Monday to the mixed bag they were handed on Friday when the two proposals took differing pathways with federal regulators.

That was the day that Tulsa, Oklahoma-based Williams Companies, which owns a nearly 10,000-mile (16,000-kilometer) expanse of pipelines called Transco, allowed its Northeast Supply Enhancement pipeline project to end. Williams told the Federal Energy Regulatory Commission it was allowing a key construction application to expire, saying it would not seek an extension for it.

The decision heartened a wide group of environmental and community groups who had fought the proposal for eight years, saying it would further the burning of fossil fuels and contribute to climate change, while also degrading air and water quality and creating safety concerns in communities along its route.

Cindy Zipf, executive director of Clean Ocean Action, called the development “an extraordinary victory, a David and Goliath moment.”

Clammers dig in the mud on the shore of the Raritan Bay in Aberdeen, N.J., on Monday, May 6, 2024, the same day environmentalists hailed the cancellation of a natural gas pipeline project that would have run through the bay en route to New York City. (AP Photo/Wayne Parry)

Photo: ASSOCIATED PRESS/Wayne Parry

Using the project’s acronym, she said, “NESE has gasped its last gassy breath. It means the project has died, and we won!”

In a statement to The Associated Press on Monday, Williams confirmed it is no longer pursuing a certificate from the federal agency that would allow it to continue the project.

“While Williams continues to believe in the fundamentals of the Northeast Supply Enhancement project and its ability to provide a cleaner and more affordable alternative to costly heating oil for consumers, at this time, we have decided not to pursue an extension of the certificate,” it said.

It would have included a gas-fired compressor station in Franklin Township, and the installation of more than 23 miles (37 kilometers) of pipeline through the Raritan and Lower New York bays en route to the Rockaway section of Queens in New York City.

Also on Friday, two companies said they remain committed to their proposed project to liquefy natural gas and transport it through Pennsylvania and New Jersey.

Delaware River Partners and Bradford County Real Estate Partners told the same agency that they do not intend to cancel a facility in Wyalusing, Pennsylvania, to liquefy natural gas and transport it to an export facility in Gibbstown, New Jersey, by tanker truck instead of by rail as originally proposed. Last September, federal regulators suspended authorization to transport liquefied natural gas by rail.

“The last thing we need is even more dangerous methane gas extracted from Pennsylvania, shipped through our communities by truck, and exported overseas,” said Patrick Grenter, a campaign director with the Sierra Club. “This decision is unnecessary and reckless, and the Sierra Club is prepared to continue fighting this project until it is officially canceled.”

The companies did not immediately respond to a request for comment Monday.

But in a filing to the agency on Friday, Bradford said its Wyalusing, Pennsylvania, facility is designed to not need rail cars, and is “unimpacted” by the federal moratorium on such transport. For that reason, the company is proceeding with its plans, it wrote.

Follow Wayne Parry on X, formerly Twitter, at www.twitter.com/WayneParryAC

Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Usps accepting non-perishable food donations on saturday for stamp out hunger food drive, those who want to participate in the drive can leave donations in a bag by their mailbox on saturday.

Ivan Herrera , Digital Journalist

SAN ANTONIO – United States Postal Service letter carriers will be doing more than just delivering mail this Saturday. As part of the Stamp Out Hunger Food Drive, they will collect food donations to benefit local pantries.

May 11 marks the 32nd anniversary of the food drive held every second Saturday in May.

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“Currently, more than 44 million Americans are unsure where their next meal will come from. More than 13 million are children who feel hunger’s impact on their overall health and ability to perform in school. Nearly 5.5 million seniors over age 60 are food insecure, with many who live on fixed incomes often too embarrassed to ask for help,” the USPS said in a news release.

USPS said food banks get a majority of donations during the holidays, and many pantries are depleted by the spring.

Those who want to participate in the Stamp Out Hunger Food Drive can leave non-perishable food donations in a bag by their mailbox on Saturday, and letter carriers will do the rest.

USPS said the drive has collected more than 1.9 billion pounds of food over its 32-year history.

Copyright 2024 by KSAT - All rights reserved.

About the Author

Ivan herrera.

Ivan Herrera has worked as a journalist in San Antonio since 2016. His work for KSAT 12 and KSAT.com includes covering breaking news of the day, as well as producing Q&As and content for the "South Texas Pride" and "KSAT Money" series.

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TEMASOL Travel Laptop Backpack, 17 Inch Computer Backpack Anti Theft with USB Charging Port, Water Resistant Weekender Bag Flight Approved, Slim College School Business Bag Gift for Men & Women, Black

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• 【Large Capacity & Organized】-Sturdy travel laptop backpack has a separate laptop compartment holding laptop up to 17 inch, and some books or folders. One spacious packing compartment roomy for daily necessities, tech electronics accessories. Front compartment with many pockets, pen pockets and key fob hook. And 2 extra hidden front pockets for storage small daily things, keep your personal item organized and easier to find. Great tech gift for him from wife, daughter and son
• 【USB Charging Port & Luggage Strap】-Travel backpacks with external USB charging port for women and men and built-in charging cable can easily and conveniently charge your phone and other electronic devices while walking. Back pack featuring the luggage belt on the back, business traveller could fit carry on backpack right on the luggage suitcase, which frees your hands for easier carrying
• 【Comfy Padded Back & Safety】-Comfortable soft padded back with thick but soft multi-panel ventilated design, gives you maximum back support. Breathable and adjustable shoulder straps relieve the stress on shoulders. Foam padded top handle for a long time carry on. A hidden anti theft pocket on the back of traveling backpack, protects your valuable items from thieves. Well made for international airplane travel and day trip as a travel gift for men
• 【Sturdy Material & Multipurpose】-17 inch laptop backpack is made of water resistant and sturdy polyester fabric with metal zippers, ensuring secure & long-lasting usage day & weekend. Serve you well as business traveling, professional slim office work bag and other outdoor activities, back to college backpack for men women
• 【Unique Travel Gifts】-Best choice of gifts for men & women as a New Year gift, Christmas gift, Thanksgiving gift or Valentine's Day gift. A graduation gift for college graduates. A special birthday gift for your husband, daughter, son, father, mother and friends

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Customer Review: Large, deep sections. I can see my small things getting lost.

Customer Review: Feature-loaded, midsize backpack

Travel Laptop Backpack, 17 Inch College Business Bag

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Travel laptop backpack for men women

Comfortable and easy travel

Multi-Compartment and Pocket

Keep your personal item organized and easier to find

Breathable multi-panel ventilated design

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For a long time carry on

Traveling Essentials for Carry-on Aboard Flights

Travel Must Haves, Gift for People Who Travel a Lot

Fit Laptop Up to 17 inch.

Laptop Compartment Size: 17.8 * 11.5 * 1.9 inch

College backpack accommodates college necessities, great college entrance graduation gift.

This slim laptop bag size: 18 * 7 * 12 inch, fits under seats-great for business travel.

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• Product Dimensions ‏ : ‎ 7.8 x 12 x 18 inches; 2.47 Pounds
• Department ‏ : ‎ unisex-adult
• Manufacturer ‏ : ‎ TEMASOL
• ASIN ‏ : ‎ B0CR41T5CB
• Best Sellers Rank: #4,803 in Laptop Backpacks

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Tote Bag Business Plan Template & Guidebook

A business plan is a required component of any serious business and an integral part of the start-up process. Writing one can be an arduous process if you don't know what you're doing; fortunately, this article will walk you through the seven steps you need to take to create a successful tote bag company business plan.

Get worry-free services and support to launch your business starting at $0 plus state fees.

• How to Start a Profitable Tote Bag Business [11 Steps]
• 10+ Best & Profitable Tote Bag Business Ideas [2023]
• 25 Catchy Tote Bag Business Names:
• List of the Best Marketing Ideas For Your Tote Bag Business:

How to Write a Tote Bag Business Plan in 7 Steps:

1. describe the purpose of your tote bag business..

The first step to writing your business plan is to describe the purpose of your tote bag business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a tote bag business:

Our purpose at Tote Bag Inc. is to provide our clients with a wide range of stylish, durable, and versatile tote bag options that help them carry their belongings and essentials in style, and make a positive impact on the environment. Our mission is to become the leading provider of tote bag products in the region, offering a wide range of materials, colors, and designs to suit every taste and preference. We are committed to using only the finest materials and latest technology, and to providing exceptional customer service, with knowledgeable and friendly staff who can help clients understand their options and make the best choices for their needs. We aim to provide a safe, efficient, and enjoyable working environment for our team, and to deliver exceptional results that exceed our clients' expectations. We believe that everyone deserves to have access to stylish, durable, and versatile tote bag options, and we strive to provide our clients with the best products and services available.

2. Products & Services Offered by Your Tote Bag Business.

The next step is to outline your products and services for your tote bag business. 

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

• What is my business?
• What are the products and/or services that I offer?
• Why am I offering these particular products and/or services?
• How do I differentiate myself from competitors with similar offerings?
• How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your tote bag business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

A good marketing plan for your tote bag business includes the following elements:

Target market

• Who is your target market?
• What do these customers have in common?
• How many of them are there?
• How can you best reach them with your message or product?

Customer base 

• Who are your current customers? 
• Where did they come from (i.e., referrals)?
• How can their experience with your tote bag business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

• How does it work, what features does it have, and what are its benefits?
• Can anyone use this product or service regardless of age or gender?
• Can anyone visually see themselves using this product or service?
• How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

• Which companies are competing with yours today (and why)? 
• Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
• What specific advantages does each competitor offer over yours currently?

Marketing channels

• Which marketing channel do you intend to leverage to attract new customers?
• What is your estimated marketing budget needed?
• What is the projected cost to acquire a new customer?
• How many of your customers do you instead will return?

Form an LLC in your state!

4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

• The equipment and facilities needed
• Who will be involved in the business (employees, contractors)
• Financial requirements for each step
• Milestones & KPIs
• Location of your business
• Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a tote bag business?

To run a tote bag business, you will need a few key pieces of equipment, supplies, and permits. These include:

• Tote bag production equipment and supplies
• Packaging and labeling equipment
• A permit to operate your business (depending on location)
• Business licenses and permits for business activities (if applicable)

You may also need to hire and train staff to manage the tote bag production and provide customer service.

5. Management & Organization of Your Tote Bag Business.

The second part of your tote bag business plan is to develop a management and organization section.

This section will cover all of the following:

• How many employees you need in order to run your tote bag business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
• The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
• How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

6. Tote Bag Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a tote bag business varies based on many different variables, but below are a few different types of startup costs for a tote bag business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your tote bag business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your tote bag business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Here are some steps you can follow to devise a financial plan for your tote bag business plan:

• Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
• Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
• Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
• Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
• Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
• Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

Frequently Asked Questions About Tote Bag Business Plans:

Why do you need a business plan for a tote bag business.

A business plan is a document that outlines the goals and objectives of a business, as well as the strategies and tactics that will be used to achieve those goals. It is important to have a business plan for your tote bag business because it helps to focus the efforts of the company, communicate the business's goals and objectives to potential investors, and provide a roadmap for the business to follow. Additionally, a business plan can be used to help secure funding from investors or lenders, who will want to see that the business has a solid plan in place before they provide funding.

How to write a business plan for your tote bag business?)

To build a business plan for your tote bag business, start by researching your industry, competitors, and target market. Use this information to define your business's goals and objectives, as well as the strategies and tactics that you will use to achieve those goals. Next, create a financial plan that outlines your projected income, expenses, and profit. This should include a projected income statement, cash flow statement, and balance sheet. Once you have all of this information, you can use it to create a comprehensive business plan that outlines the goals and objectives of your business, as well as the strategies and tactics that you will use to achieve those goals. A well-written tote bag business plan contains the following sections: Purpose, Products & Services, Marketing Plan (including Marketing Strategy), Operations/Management Plan (including Operations/Management Strategy), Financial Plan (including Financial Forecasts), and Appendixes.

Can you write a tote bag business plan yourself?

Yes, you can write a tote bag business plan yourself. Writing a business plan is a valuable exercise that can help you clarify your business idea, identify potential challenges and opportunities, and develop a roadmap for success. While there are many resources and templates available to help you write a business plan, the process of creating one is ultimately up to you.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

Lake Tahoe Unified School District offers more opportunities to view draft Facilities Master Plan

News News | May 5, 2024

Staff Report   

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SOUTH LAKE TAHOE, Calif. – Lake Tahoe Unified School District is offering the public two more opportunities to view the site poster boards for the draft Facilities Master Plan.

The posters will be available for the public to view on the below dates and times at the District Office at 1021 Al Tahoe Blvd.

Monday, May 6, 9 a.m. – 12 p.m.

Tuesday, May 7, 4 – 6 p.m.

During these sessions, members of the Facilities Planning Advisory Committee and the District Office Maintenance Team will be available to answer questions and take suggestions.

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Biden Cancels $6.1 Billion in Debt for Former Art Institute Students

The announcement covers 317,000 former students and marks another step in the administration’s student loan relief efforts.

By Zach Montague

Reporting from Washington

The Biden administration on Wednesday canceled more than $6 billion in student debt for 317,000 people who attended the Art Institutes , a now-defunct network of for-profit colleges that President Biden said “knowingly misled” students.

After a review of lawsuits brought by state attorneys general against the schools and their parent company, Education Management Corporation, the Education Department found that the Art Institutes falsified job placement figures in advertisements and misled prospective students with inflated salary expectations.

In one case the department highlighted, an Art Institute campus in Florida appeared to have included the tennis star Serena Williams’s annual income in its graduate salary projections after she had attended classes there.

“This institution falsified data, knowingly misled students and cheated borrowers into taking on mountains of debt without leading to promising career prospects at the end of their studies,” President Biden said in a statement.

He also took a swipe at former President Donald J. Trump, whom he accused of ignoring the influence of predatory for-profit schools on students seeking what they believed were meaningful academic credentials.

“While my predecessor looked the other way when colleges defrauded students and borrowers, I promised to take this on directly to provide borrowers with the relief they need and deserve,” Mr. Biden said.

The president’s decision to cancel the student debt was another step in his pursuit of student loan forgiveness in the year since the Supreme Court struck down a far more ambitious plan to wipe out more than $400 billion in debt.

Mr. Biden said last month that he would make another attempt at large-scale debt forgiveness for more than 25 million people, despite opposition from Republicans, who say it would be unfair to borrowers who struggled to pay off their student debt without assistance.

In the meantime, the administration has forgiven about $160 billion in debt for 4.6 million borrowers by fixing and streamlining existing programs that have been plagued by bureaucratic and other problems for years.

The action covers students who attended Art Institute schools between Jan. 1, 2004, and Oct. 16, 2017. The department said borrowers would be notified starting on Wednesday that they had been approved and would see their debt canceled automatically.

Forgiving federal student loans for borrowers who the administration has determined were preyed on by their schools has emerged as one part of the administration’s student debt relief strategy, using its authority under an existing program known as borrower defense to repayment. To date, the administration has approved $28.7 billion in debt forgiveness for some 1.6 million borrowers whose institutions engaged in misleading practices or shut down.

“In addition to providing critical relief to students, we need to hold wrongdoers accountable — otherwise, executives will continue to exploit students for their own benefit,” said Aaron Ament, the president of the National Student Legal Defense Network, which has represented former Art Institute students since 2018.

Zach Montague is based in Washington. He covers breaking news and developments around the district. More about Zach Montague

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Current job openings, bookkeeper and accounts administrator.

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