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Wakar

Turning ideas into B...ย โ€ขย 10m

I conducted a survey of a town council where there are 15+ coaching centers with approximately 3,000+ students studying. If we provide these 3,000 students with better infrastructure, qualified teachers, and quality content at the same fees, while establishing ourselves as a brand that offers many facilities which these small coaching centers can't provide, they would prefer us. Suppose 1,000 students choose to study with us; that would amount to approximately โ‚น10 lakhs (1,000 students ร— โ‚น1,000 fees). We would hire 5 teachers for 5 subjects, with a salary of โ‚น30,000 each, totaling โ‚น1.5 lakhs for teachers' salaries. Adding โ‚น20,000 for rent, โ‚น30,000 for electricity, and other expenses, the maximum cost would be around โ‚น3 lakhs. Even then, we would save โ‚น7 lakhs, so revenue and profit wouldn't be an issue at all.

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