Getting an education is still considered as the best ticket to becoming successful. This notion pervades even if famous college dropouts like Bill Gates, Steve Jobs and Mark Zuckerberg have made it to the list of the world's wealthiest and most influential people. For as long as this view persists, the education industry will continue to have excellent business potential.
Clearly, in the education industry, there is gold waiting to be mined. In Singapore, this fact, along with the implementation of the Global Schoolhouse initiative, has prompted educators and business-minded individuals to put up their own academic and non-academic institutions. So far, these people haven't regretted their decision. If you are an educator or a businessperson hunting for a smart venture, why not establish your school, too?
So, where do you start with this venture? Well, the process involved in setting up a school is no different from other types of businesses. First, a feasibility study needs to be conducted to determine whether this venture is going to be profitable or not. This process requires you to decide on the type of institution and its location. Most importantly, you have to analyse the market and come up with financial projections.
Should your feasibility study show that your planned business venture is going to be profitable, the following step is to work on your application for company registration in Singapore. Provided that you have all the needed documents, your company may be incorporated in at least two working days. Some of the pertinent details you have to provide when you register company in Singapore are your school's name, business address, narrative about how your business will operate and information about your directors and shareholders.
Once you accomplish these two essential steps, what you have left to do is get ready for your operations. Naturally, the earlier this takes place, the better. Hence, to expedite the process, hire the services of experts especially in registering your company. Doing this is the best way to avoid costly mistakes and delays. In addition, this move grants you the time you need to focus on other important matters related to the establishment of your institution.
Clearly, in the education industry, there is gold waiting to be mined. In Singapore, this fact, along with the implementation of the Global Schoolhouse initiative, has prompted educators and business-minded individuals to put up their own academic and non-academic institutions. So far, these people haven't regretted their decision. If you are an educator or a businessperson hunting for a smart venture, why not establish your school, too?
So, where do you start with this venture? Well, the process involved in setting up a school is no different from other types of businesses. First, a feasibility study needs to be conducted to determine whether this venture is going to be profitable or not. This process requires you to decide on the type of institution and its location. Most importantly, you have to analyse the market and come up with financial projections.
Should your feasibility study show that your planned business venture is going to be profitable, the following step is to work on your application for company registration in Singapore. Provided that you have all the needed documents, your company may be incorporated in at least two working days. Some of the pertinent details you have to provide when you register company in Singapore are your school's name, business address, narrative about how your business will operate and information about your directors and shareholders.
Once you accomplish these two essential steps, what you have left to do is get ready for your operations. Naturally, the earlier this takes place, the better. Hence, to expedite the process, hire the services of experts especially in registering your company. Doing this is the best way to avoid costly mistakes and delays. In addition, this move grants you the time you need to focus on other important matters related to the establishment of your institution.
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