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Step 1
Sit down and write out a strategic and comprehensive business plan for your university. Describe the university’s mission and purpose, along with the skills and talents of your management team. Put together an extensive program/curriculum that will serve the students well.
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Step 2
Include a market analysis and demographics of the customers you are pursuing for the university and establish a need for your program. Describe your admission plans, advertising and sales for your programs. Investigate the area competition or other universities in the local neighborhood.
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Step 3
Plan and organize all the enrollment costs, managing materials, books, equipment, furniture, office supplies and other expenses. Prepare a daily, monthly, yearly and three-year projection table for all income and expense costs.
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Step 4
Study and document the state approvals needed for your university. Get approved by a qualified government agency for whatever training program you are offering. For example, if you are running a beauty school, you will need to be approved by the Board of Cosmetology. If you are starting a nursing school, the Board of Nursing must approve you.
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Step 5
Get approvals and licenses for vocational trade schools, non-degree granting institutions, degree-granting institutions, non-profit schools, online schools, school catalogs, development of policy and procedures, curriculums, student databases under compliance of state regulations, efficiency and compliance issues. Seek out help from consultants who can help you get the information you need.
