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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.The bulk of the money that a charter school makes comes from the public funds of their state.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.
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This article has over 65,088 views and 98% of readers who voted found it helpful, earning it our reader-approved status. Charter schools are public schools that are run independently from the local school district, but are still required to follow and meet local and state academic standards.
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.
This business is perfect for someone with previous experience in public education.
Purchasing computers for the school can cost over $37,000, and furniture (ranging from the standard desks and tables to examination tables and gym wall pads) can easily cost $25,000.
Charter School Business Plan
Larger appliances such as refrigerators, stoves, dishwashers, and food bars will cost ,000 or more.These schools are publicly funded by the states they operate in, and they must comply with regular performance reviews.Charter schools provide students with innovative approaches to teaching and learning, and provide parents with a different educational option for their children within the public school system.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.This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness.Together, they cited information from 20 references.Our guide on starting a charter school covers all the essential information to help you decide if this business is a good match for you.Learn about the day-to-day activities of a charter school owner, the typical target market, growth potential, startup costs, legal considerations, and more!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.