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How to open a professional institute

November 14, 2019
How to open a professional institute

Are you thinking of training young people in a specific trade? Would you like to teach professional training in your own center? If you are an entrepreneur and want to open a vocational training institute, read this article carefully. Here we give you the keys on how to open a professional institute. Get the accreditation of your City Council, make your business plan, and organize the opening process properly. With these tips, you will achieve success.

Steps to follow:

1. Before launching to ask for licenses or make any other movement, decide what type of vocational institute you will open. Keep in mind that it must be a place where people are trained for a specific job, so try to adjust it to your experiences and your professional field. The most frequent are: aesthetics, cooking, electricity, hospitality or administration, among others.

2. Market research. You need to know if there is a strong demand on the area you want to create the institute. You must take into account, in addition to the demand, the competition – if any – in the place where you want to open your institute.

3. Once you are clear about the professional institute that you will open, start with the bureaucracy. Ask for the necessary permits and certifications to open your business. If you have a place but you must do works to adapt it, you must also request the required building permits.

4. Business plan. In order for your proposal to be accepted, you must develop a business plan that explains the curriculum you will offer to your students and the professionals who will develop it. In addition, in it, you must define the type of demand of the institute, which you will have seen after conducting the market study. It includes educational and labor statistics, as well as the budget and capital investment costs to open the institute (contracts, taxes, and materials, insurance …). Finally, the plan must consider the losses and benefits expected in the first two years of the project’s life.

5. Once your business plan is accepted by the municipal government, you must register the institute with the relevant local and state organizations. All information about it will be provided by your town hall. Check it out!

6. Capital. You will need to make a good initial investment to open your professional institute. If you do not have enough money, ask for a loan at your bank or try to obtain state or private financing. Another option is to look for partners and guarantees that can lend you the required money. Look for the best option!

7. Location. It is important that your institute is well placed. It must be accessible and adapted to the environment. In addition, you must comply with all security requirements and standards.

8. Once you have the infrastructure of your institute, take out insurance. It must include the building and everything it contains, in addition to obtaining other insurance that you consider necessary, such as civil liability.

9. Buy the equipment. It depends on the profession that you develop in your training institute, you must provide yourself with some materials. Make a list of everything you need before so you don’t forget anything.

10. Hire staff the institute cannot take it alone, so think about the different jobs you need to fill and prepare the contracts. Put the job offers on specialized websites and start interviews with the selected ones. When writing the offers of teachers, try to put the requirements of each position: studies, professional experience…

11. You have the permits, the building, the teachers … The most important thing is missing … The students! Make a good advertising campaign through institutes and public schools, newspapers or local newspapers, billboards or local radio and television. Everything is good when it comes to attracting future students.

12. Once you have the places covered with your enrolled students, you can start teaching at your professional institute. !! Congratulations!!

Tips

  • Create a web page. Through it, you can spread your courses, opportunities, and a job board. With these options, you will gain students.
  • Maintain continuous training and constantly update your center. Try to offer the latest in the sector.