The computer training institute is an ideal business opportunity for aspiring computer-savvy professionals. Running a computer training institute with some other value-added services can be a profitable and self-rewarding business.
The basic skill required to start this business is to know the computer and various software. Individual students, job seekers, and also an employee of the business houses who wants to advance in their career, can be your potential consumers.
Suggested Read: Business Ideas for Information Technology Professionals
In today’s world, the demand is growing for computer literate professionals. There is no job in the industry for candidates who don’t know computers.
You can start your computer training institute or you can buy a franchise of a reputed brand. An experienced computer training franchise brand can help you in setup, operation, certification, and marketing.
Is Computer Center Business Profitable?
This is the first thing you might think about. Actually, this business comes under the service sector operation. And any service sector business becomes profitable only when you choose to offer the right service to the right person at the right location.
In this type of business, you will need to consider the fixed cost first. These fixed costs remain the same regardless you have huge or few students. Fixed cost includes the rent, staff salary, electricity, and other payable bills including EMI ( if you have loans).
So, you will need to craft the business plan accordingly with a clear calculation of break-even. If you can plan properly, the business will provide you with a huge profit from the very beginning.
8 Steps to Start a Computer Training Institute Business
Step 1: Analyze the Market
This is the first thing you must do carefully. Computer training is a huge word these days. It includes en number of courses both under the hardware and software segments. So you will need to analyze the locational demand for specific courses.
You can find some people are interested in basic courses and some in specialized courses. In city areas, professional courses have huge demand.
Step 2: Create a Business Plan for Computer Training Business
Before getting into the venture create a detailed business plan. Write your business objective and mission statement. Fix your business ownership pattern.
Calculate the total startup capital investment required. It may include establishment costs, resources, and marketing expenses.
What are the training and value-added services you will be going to offer? Design curriculum professionally for your computer training institute.
Fix the pricing. Plan for your staffing requirements. Create a marketing plan for advertising and marketing policy. Identify your business demographics and target niche.
Step 3: Select Location for Computer Training Center
As an education institute, business location is an important factor to be successful in this business. You can select a location in the high traffic area and nearby other education institutes like schools, colleges, and universities.
Step 4: Arrange Resources for Computer Training Institute
The main equipment is updated computers. Gather furniture and fixture to set up the institute. You will need to have an internet connection and specific different software. Gather useful books and CDs related to your curriculum.
Hire extremely skilled professionals who have experience in running a computer training institute. Your manpower is the actual strength that will boost your business towards success.
Step 5: Register your Business
If you are looking forward to starting and running a legally compliant computer training institute, registering your business is a must. There are various business structures available as per your resources and scale of operation. You can go for proprietorship, partnership, or form a private limited entity.
Step 6: Government Affiliation for Computer Institute
You can apply for Government affiliation from AICSM ( All India Computer Shaksharta Mission). This Government agency provides affiliation for different certified courses, diploma courses, PGDCA courses, and advanced diploma courses. You can go to the site for more information https://www.aicsm.com/.
Step 7: How to Get a Loan for Computer Training Institute
Financial resource is the most important thing in any business. According to the plan, you will need to arrange cash for investment. If you don’t have that capital, you can apply for a loan. and you have several options here too.
First of all, you can buy computers and other equipment from a hire purchase leasing agreement with an NBFC company. These companies offer loans on movable properties.
Also, you can apply for a business loan in any local bank. In that case, you will need to provide collateral there. Also, you must have a proper IT file that ensures your credibility.
Step 8: Have a Marketing Plan
Concentrate on giving a solution to the students in a friendly manner. Publish advertisements in newspapers that are in the field of education and job. Conduct seminars. Conduct free workshops on your offered services detailing the benefits of the courses.
Try to give some value addition with your courses like job assistance or career assistance. Create an effective online presence of your computer training institute. Go for some social media campaign. Regularly update your blog focusing on how computer advancements affect the workplace and how training in new applications can help students advance at work.
Build a relationship with HR professionals, small business owners, and corporate executives. Ask successfully passed out students to give feedback on the site about their experience throughout the session. Arrange an online facility for students to have training at their places
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.