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I'm Dr. Jeannie Gudith, Founder and CEO of JAG Consulting. We help you develop, improve, buy or sell your private school.
Are you ready to start your online school? Now is a great time to open a private online school as the demand is global.
There are an estimated 56.6 million students in grades K-12 in the US alone. In the world, it is estimated that there are approximately 1.29 billion students in grades K-12 (17% of the world’s population). Now that (just about) everyone is utilizing some form of online learning, this is a great time to start your online school.
So, how do you start an online private school? It’s easier than you think.
There are a few options when starting a private School online.
Starting a school can be a lot of work, but it is most definitely an achievable project (I have done it multiple times, so it is possible). In my eBook, Starting a School, I walk you through the steps needed to do it yourself. It requires substantial effort, but it also allows you the customization you may want with your school. This process typically takes 12-24 months depending on the type of school you want to open. To speed up the process, you can hire a firm (like JAG Consulting Services) to assist you with the process. This not only speeds up the process, but streamlines your efforts.
Buying an existing school is a great option if you have the financial means. This option allows you to take over an existing school with (hopefully) existing students. It is the simplest way to get a school up and running. However, finding a school that meets your criteria and budget can be challenging. Typically, schools with enrolled students and accreditation start in the $800,000+ range and can go as high as $30 million+ depending on the school. This process typically takes under 6 months depending on how fast you find a school to buy, negotiate the terms and finalize the closing.
Purchasing a Start-Up School is a great way to, not only get a school up and running quickly, but do so without breaking the bank. A Start-Up School is a school that is ready to launch, but does not yet have enrolled students. It has all of the components of a school ready to go (like a school in a box), but can also be customized to meet your needs. This type of school blends the Do It Yourself model with the purchase of an existing school. This brand of school also won’t break the bank as it only costs about $100,000 vs the $800,000 for an existing school. This process typically takes between 30-90 days depending on the customization. That means you could have your online school up and running by Fall 2020! You can check out one of our Start-Up Schools by clicking here.
If you have been thinking about starting an online school, now is the time to do it. With many schools now deciding to extend online learning into the next school year the need for online learning education will only grow.
Want to learn more? Send me an email with any questions you have. We are happy to get your school up and running!