Project Feasibility
Project Feasibility
A feasibility study is a critical step in starting a school. Our feasibility study will provide
an objective analyses to help you determine the need for and viability of your proposed
new school. Starting a school is a complex process that requires a comprehensive
feasibility study and business plan to ensure success.
Executive Summary: The executive summary presents succinctly the major findings of
the feasibility study.
Project Description: A summary of the project as defined for the study helps
stakeholders understand the questions and results. The project description provides
context for stakeholders who might otherwise be unfamiliar with the ideas for the new
school.
Financial Projections: The financial analysis includes startup and annual operating
budgets. These projections can include worst and best case scenarios.
All to often people start a school without conducting a feasibility study. The reasons vary
from a desire to avoid the cost of the study to a firm belief that the school will be
successful. Unfortunately, many of these school startups fail because the feasibility of
the project was not thoroughly and objectively studied. To ensure the success of your
new school, conduct a feasibility study
Feasibility 2
“If you build it, will they come?” What if your guess is wrong, and they don’t?
Educare has conducted more new school feasibility studies than any other
consulting firm, with a track record proving our methodology and analysis are on
target.
Donors want to see the case is clear and compelling. Lenders want a scientific
and reliable analysis on which to base risk. We have the experience to walk you
through the steps of opening a new school and address donor and lender
concerns. With the data and research in hand, you will know whether
to proceed with the project or reconsider.
Whether you already have an initial statement of mission and outlined a vision, or
communicated to the broader community, we can join you wherever you are in
the pre-planning process and help you move forward in a deliberate and
organized manner.
More than simply a survey, our studies ensure you have a clear vision for the
proposed school, have looked at the competition, conducted thorough
demographic research, evaluated all potential sources of students and used the
best focus group methods and survey research to measure demand. This helps
you hear what people really think with a high degree of reliability.
Ultimately a new school needs sufficient funding to be feasible. We answer the
funding question with our trademark financial projections, and ultimately our
partnership with consulting firms specialized in fund raising. If the conditions are
right, we can wrap the enrollment and financial feasibility together, progressing
through each phase depending on the outcome of the prior phase.