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Use these objectives to monitor and evaluate the progress of the school as it grows and develops.
Your plans will naturally evolve as you learn more about the market and gain feedback from customers, so you should treat your business plan as a living, breathing document that helps to ensure you’re on the right path to achieving your goals.“You realise some initial flaws, and you might uncover some strengths you hadn’t thought about,” said August Bard Bringéus, who co-founded Swedish menswear brand Asket in 2015 and saw the company’s gross revenue increase by almost 200 percent from 2016 to over €1 million in 2017.
There are five essential components to a fashion business plan: an executive summary; your vision and objectives; an understanding and analysis of the market and competitive landscape; your implementation plan; and financials.
It is what some call the “elevator pitch”, which will briefly introduce your business.
It encapsulates the key points, ideas and objectives of your business in a short, concise statement that should be no more than a page.
Typically, schools are opened in a series of phases.
For example, in phase one there are 100 children in grades one to three and in phase two there are 500 children in grades one to six.
Explain why a new school is needed and the age group and location it will focus on.
Develop a set of four to six objectives, outlining what the school hopes to achieve both in the short term and in the long term.
Before you design your business plan construct a steering committee for the school.
Include experienced education and business professionals, such as former head teacher and business managers.