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How to Run Private Schools Profitably
By David Amuwa
On the source of funding, Oyewole explains that money to set up nursery and
primary schools could be raised from personal savings like in his own case,
assistance from friends, taking soft loans from banks, contribution from
co-operative societies, among others.
According to him, a small scale nursery and primary school needs at least two or
more teachers for a start and that more and more teachers and non-teaching staff
should be recruited as the school expands.
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He recommends that the teacher to
student ratio should not exceed one to 15 for effective teaching.
He adds that a fast developing area is the best location for setting up a
nursery and primary school as developing areas are usually confronted with the
problem of availability of public schools, hence, the influx of pupils into
private nursery and primary schools in Nigeria.
He counsels that the school should engage in moderate publicity for its growth
and popularity. This, according to her, is to ensure patronage from the public
because nursery and primary schools without a reasonable number of pupils, say
200 pupils, after three to four years of existence, cannot cope in the face of
the challenges in the Nigerian economy, he says.
He adds that programmes like Christmas carol, professional day, end of year
party, prize giving day and others serve as avenue to showcase and market the
school to the public.
He advises proprietors that the recruitment of competent staff should never be
compromised in order to ensure the success of the venture, adding that effective
communication between the school and the parents is an essential impetus to
boost the growth of the school.
He says that school fees are determined by the prevailing economic condition at
a particular time.
He adds that prudence, love for children, transparency, friendliness with
people, hard work, effective management and fear of God must be embraced by
proprietors to succeed in the venture.
Among the challenges of running nursery and primary schools are the
unavailability of funds, delay in payment of fees, unnecessary charges by
government, and others. He explains that the challenges are surmountable.
Eleoramo, on the other hand, adds that modern educational facilities are
essential for proper training of pupils and such facilities attract higher
enrolment of pupils. The school surroundings must be clean and attractive.
He states that in addition to the economic situation, cost and benefit analysis
must be properly done to determine appropriate fees.
He adds that there is money in educational investments.
He, however, warns that the love for money should not be the bedrock of setting
up a private school.
- Culled From Punch
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