Business Planning In Educational Institutions

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Business Planning In Educational Institutions

  1. 1. Presentation by Ms. Ketoki Basu Partner FinEx Solutions
  2. 5. <ul><li>What are the current sources of revenue? </li></ul><ul><li>Does it meet our requirements? </li></ul><ul><li>Is there sufficient cash surplus each year to meet my long term goals? </li></ul><ul><li>Is there a fairly high level of attrition? </li></ul><ul><li>If yes, have we analyzed it? </li></ul><ul><li>Do we attract good talent? Why not? </li></ul><ul><li>What is the kind of research publications? </li></ul><ul><li>Do we offer good research facilities? </li></ul><ul><li>Is the infrastructure good? Is there scope for improvement? </li></ul>
  3. 6. <ul><li>REVENUE EXPENSES: </li></ul><ul><ul><li>Programmes being offered currently </li></ul></ul><ul><ul><ul><ul><li>Increase the in take </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Reduce unnecessary expenses, if any </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Have we determined the cost of a programme? Is the programme profitable? Do we modify/discontinue a programme? </li></ul></ul></ul></ul><ul><ul><li>New programmes to be introduced </li></ul></ul><ul><ul><ul><ul><li>Long term or short term </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Courses in demand and not offered by others-special </li></ul></ul></ul></ul><ul><ul><ul><ul><li>What additional revenue will this generate? </li></ul></ul></ul></ul>
  4. 7. <ul><li>CAPITAL EXPENDITURE AND EXPANSION: </li></ul><ul><ul><li>How is this expenditure currently met? </li></ul></ul><ul><ul><ul><li>Surplus generated </li></ul></ul></ul><ul><ul><ul><li>Donations/Grants </li></ul></ul></ul><ul><ul><li>How can resources be mobilized for long term objectives? </li></ul></ul><ul><ul><ul><li>Expansion – infrastructure/classrooms-corporate houses </li></ul></ul></ul><ul><ul><ul><li>Research chairs-sponsors </li></ul></ul></ul><ul><ul><ul><li>New centres of excellence-sponsorship </li></ul></ul></ul><ul><ul><ul><li>Alumni </li></ul></ul></ul>
  5. 8. <ul><li>Attract talent </li></ul><ul><ul><li>Faculty </li></ul></ul><ul><ul><ul><li>Adequate resources (infrastructure & funds) for teaching and research </li></ul></ul></ul><ul><ul><ul><li>Encourage research </li></ul></ul></ul><ul><ul><ul><li>Excellent growth opportunities </li></ul></ul></ul><ul><ul><ul><li>Good remuneration with flexibility in working hours </li></ul></ul></ul><ul><ul><ul><li>Medical facilities and post retirement incentives </li></ul></ul></ul><ul><ul><li>Students </li></ul></ul><ul><ul><ul><li>Offer programmes in a niche area where demand is high and supply low </li></ul></ul></ul><ul><ul><ul><li>Ensure good placement </li></ul></ul></ul>
  6. 9. <ul><li>Analyze current facilities </li></ul><ul><ul><li>Classrooms </li></ul></ul><ul><ul><li>Examination halls </li></ul></ul><ul><ul><li>Library facilities </li></ul></ul><ul><ul><li>Hostels </li></ul></ul><ul><ul><li>Canteens </li></ul></ul><ul><ul><li>Computer facilities </li></ul></ul><ul><ul><li>Support staff </li></ul></ul>
  7. 10. <ul><li>Classrooms </li></ul><ul><ul><li>Are the rooms well lit and clean? </li></ul></ul><ul><ul><li>Are too many in a room? </li></ul></ul><ul><ul><li>Is there clear visibility for all? </li></ul></ul><ul><ul><li>Is the latest technology available for delivery? </li></ul></ul><ul><ul><li>If not, how and when can we get it? </li></ul></ul><ul><li>Examination halls </li></ul><ul><ul><li>Is it sufficiently big and serves the purpose? </li></ul></ul><ul><ul><li>Is it quiet, clean and spacious? </li></ul></ul><ul><li>Library facilities </li></ul><ul><ul><li>Well equipped and easily accessible </li></ul></ul>
  8. 11. <ul><li>Hostels </li></ul><ul><ul><li>Are the rooms clean and spacious? </li></ul></ul><ul><ul><li>Is there a proper system to log and follow up of complaints </li></ul></ul><ul><li>Canteens </li></ul><ul><ul><li>Food is hygienic, palatable and cheap </li></ul></ul><ul><ul><li>Is there a proper system to log and follow up of complaints </li></ul></ul>
  9. 12. <ul><li>Computer facilities </li></ul><ul><ul><li>To students when they require it </li></ul></ul><ul><li>Support staff </li></ul><ul><ul><li>Support facilities are good and cater to student and faculty requirements </li></ul></ul><ul><ul><li>Is there reasonable motivation for them to work? </li></ul></ul><ul><ul><li>Is data easily available or an ERP should be in place? </li></ul></ul>
  10. 13. <ul><li>SWOT analysis </li></ul><ul><li>Resources to be analyzed, </li></ul><ul><ul><li>Fund </li></ul></ul><ul><ul><li>Talent </li></ul></ul><ul><ul><li>Infrastructure </li></ul></ul><ul><li>Mobilization of resources </li></ul>
  11. 14. <ul><li>THANK YOU FOR YOUR TIME AND PATIENCE </li></ul><ul><li>Ms. Ketoki Basu </li></ul><ul><li>Chartered Accountant </li></ul><ul><li>Partner, FinEx Solutions [email_address] </li></ul><ul><li>www.finexsolutions.com </li></ul>

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