One Planet School

One Planet School

One planet international school was established in 2006. Zelalem and his family moved from the US to make an impact on Ethiopia’s education system, by starting their own school. Although he and his wife have limited knowledge about how the education system works, they already know what they want to accomplish. The school has about 460 students. The school has students from kindergarten to the current highest grade. Each year one more graded is added and by 2019, the school is expecting its first graduates. The quality of education is important; therefore, the classes are small. For every 20 students, there are 2 teachers. Their philosophy is that every child has potential but they don’t know it yet; they can reach their potential by providing them with the right skills. To keep this vison in place, the school also has a separate quality director. Currently the school has acquired new land for a new school they are planning on building. They now have 4 separate properties, but they need a lot of renovation. This goes to show that it is the right time to develop the company. In terms of staff, the school has 110 full time and 5 part-time employees. About 40-50% of them are female and almost 95% of them are below the age of 35. There are also 10-15 seasonal employees (construction workers to improve the property). The school created indirect t jobs for over 6 companies also the school has 5 people at the top management level (2 females, 1 young), in which Zelalem is the Executive Director. The annual profit is most of the time between 10-20% of the turnover, last year it was only 3-4% because of the payment of the new land. The company has a private investment of 7 million ETB. There is a business plan, written by Zelalem and his wife, that is being updated. It was written for equity investors The company has made use of consultants before, last time advice on equity funding and financial models.

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