Sherri Lipscomb
Miami, FL (USA)
Role(s):
Select
Washington Technical Institute
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Startup
Location:
Miami
Industry:
Education
Year Founded:
2009
Number Employees:
1-10 people
Description:
Education and Training Services
SIC Codes: 8244
NAICS Codes: 6114, 6115, 6116
We are interested in starting a vocational-technical school in a low income area here in Miami, Fl. In the future we will become a franchise expanding the school to various southern states. Our goal is to offer students comprehensive training and certificates in the following disciplines; automotive, cosmetology, barbering, ultrasound, medical assisting, certified medical assisting, child care, and certificates in information systems. The funds will be used to develop the school market the school's products and acquire staff. The school will be developed on a parcel of land. Therefore much of the funding will go towards the purchase of the land, the architecture building and the school's interior design.
One unique aspect of developing a vocational/technical institution in the heart of a low income neighborhood is that the school will full a much needed void in the community. Enriching the citizens with an affordable education provides a sense of self worth. What separates this idea from the number of applicants is that education is now and has always been the corner stone of our society. This school will give the community pride and dignity while not only teaching its students trades which are in demand but also training the students in areas of leadership and entrepreneurial studies. We want the students to be equipped with the necessary skills to take their education and be successful in the work place, however if the student would like to open his or her own business we would also provide business classes to help ensure the student's success rate once they have graduated school.
Education and training services is a broad category that encompasses job-specific certification; professional training; and classes emphasizing self-fulfillment, leisure, and hobbies. Many of the industry’s programs, classes, and training services fall under the category of career and technical education (CTE), historically known as vocational education, or "vo-tech.” High schools, community colleges, universities, and educational support services aren't included in this industry.
Competitive Landscape
Demand for certification classes is driven by employment trends in the medical, high technology, and manufacturing industries. Demand for classes emphasizing self-fulfillment is driven by personal income. The profitability of individual companies depends on maintaining low operating costs and recruiting enough students. Large companies have advantages in marketing and offering a wide range of classes and services. Small companies can compete effectively through personalized service and customized instruction. The industry is highly labor-intensive: average annual revenue per worker is around $80,000.
We would appreciate the opportunity to provide additional details regarding this project and believe that you will find our sales expectations to be very realistic based on prior sales and the current expressed need for this item.