Business Overview

A charter school is like an independent school, but it is publicly-funded. They are attractive to educators and parents because they offer a bit more freedom than traditional public schools while still being accountable for producing good results from students and stable financial management from the school itself. Charter schools are an attractive feature in many communities because they give parents and students more of a choice regarding where the students go to school.

Who is this business right for?

This business is perfect for someone with previous experience in public education. Those who have been teachers, principals, or other administrators in a public school are often able to take what they learned from previous experiences in order to help their charter school thrive.

What happens during a typical day at a charter school?

The daily activities of a charter school are very similar to the daily activities of a traditional public school. Teachers spend their days preparing for classes, attending meetings, teaching classes, and taking care of any after-school activities. Administrators help coordinate with teachers, the board of directors, and other relevant individuals and agencies that help promote the school's success.

What is the target market?

While almost anyone can make a great charter school student, the target market is typically upper-middle class or wealthy parents who want to offer their child the best preparation possible for higher education.

How does a charter school make money?

The bulk of the money that a charter school makes comes from the public funds of their state. The school may also receive grants, subsidies, and access to various federal programs. In terms of profit, the executives overseeing charter schools receive a portion of money per student enrolled. Note that your charter school must abide by state laws which can dictate whether your business can legally be for-profit or if it must be a non-profit, although the latter can still yield substantial income.

What is the growth potential for a charter school?

The growth potential of charter schools is very steady, having risen from four to seven percent between 2004 and 2014.