Feasibility of Pre -Primary School Business Essay examples

1269 Words Dec 10th, 2012 6 Pages
CHAPTER 1
INTRODUCTION
The project aims to know the possibility of entrepreneurship in starting pre/primary schools in Pune with good return on investment. The nurseries to be set up should be started keeping in mind its demand and the basic factors which are contributing to their demand. With this study we tried to understand the growing need for such entrepreneurial opportunities. Entrepreneurship in set up of pre nurseries is in demand because of increase in level of educated parents and income levels, who also expect their children to learn and progress right from the beginning. Entrepreneurship not only involves starting a business but also to nurture it till it grows and start giving the fruits. Study on entrepreneurial opportunity
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It teaches children to behave in groups, helping them learn socialization at an early stage. The growing population has exhausted the limited capacity of the existing private as well as public primary school systems. The growing population has put tremendous pressure on the existing public sector education infrastructure in the country. Private sector with its investment capacity to provide well equipped and well staffed school system is therefore, well positioned to exploit this opportunity for establishing viable school systems in the country. Total project cost for setting up a Montessori School is estimated at Rs. 2.38million.There are 2 broad positioning strategies available to Montessori school system: * Based on the household income. * Based on the quality/standard of education offered
However the Montessori business is quite profitable as the Internal Rate of return is 87% and the payback period is 3.08years.

2. American Institute for Research:

A study conducted by American Institute for Research in December 2006 analyzed the feasibility of making quality preschool available to all four-year-old children. This study also suggests possible financing options. The primary impetus for expanding and enriching preschool programs is to narrow the achievement gap between children from at-risk backgrounds and their non-disadvantaged peers. A secondary goal is to make quality preschool affordable for low- and moderate-income families,

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