In This Business-Friendly State, Why Is It So Hard To Start A Private School?

Entrepreneurship is challenging in any sector, but education entrepreneurs often confront regulatory roadblocks and bureaucratic barriers that make launching a new school or innovative learning model particularly difficult.

Some of these roadblocks and barriers include occupational licensing requirements for new school founders, such as those in Nevada that prevent any non-state-licensed teacher or administrator from opening a secular private school. They can also include state accreditation requirements, like those in Iowa, that can prevent some schools, especially learner-centered ones, from operating.

These regulations can constrain the supply of new and creative schools, artificially limiting the education options available to families. This is particularly problematic now, as more states introduce or expand school choice programs that enable families dissatisfied with their assigned district school to exit and find an alternative. If existing or new regulations prevent those alternatives from sprouting, then the sustained success of school choice could be stymied.

Along with Nevada and Iowa, Tennessee is another state where it can be difficult to start a private school due to various accreditation and approval requirements. These regulations recently got even tighter.

Last year, the Tennessee Department of Education revised its rules for non-public school approval. Among the revisions were delineated seat time requirements of 6.5 hours a day, 180 days a year that can prevent flexible and creative scheduling. Additional annual assessment and state reporting protocols were added, and schools with fewer than 10 students were prohibited from getting started. These rules go into effect this academic year and can impact emerging schools like The Lab School of Memphis.

Launched in August 2021 by former public school teacher, Coi Morrison, The Lab School of Memphis is a small, regionally-accredited, secular K-6 private school that emphasizes project-based, learner-driven education in a nurturing environment with no grades or state testing. It was honored as a 2022 national semi-finalist for the prestigious Yass Prize for education innovation, as well as a VELA Education Fund “Next Step” grant recipient.

“I see these regulations as particularly threatening to new and would-be education entrepreneurs,” said Morrison, who also has an MBA. “Increased regulations for nonpublic schools threaten models like ours as they shift the focus to compliance for the sake of checking boxes, versus focusing on encouraging, embracing, and learning from new models

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The state of a business’s industry can determine long term success

What determines a businesses long-term success? Some researchers argue it comes down to industry timing.

Aside from market appetites, company productivity, marketing reach, or any other factors that weigh into a business’s impact and durability, a new study found that the longevity of a company depends on the state of the industry during its time of inception – and the general environment in which it grows.

According to D. Carrington Motley, an instructor in entrepreneurship at Carengie Mellon University, the founding conditions of a company could weigh more on its long-term trajectory than changes in the market.

“A venture’s performance following environmental change depends on its internal processes,” he said in a press release. “Environmental conditions at a business’s founding shape those processes, and they quickly become cemented and embedded in beliefs about how to operate.”

Although understanding industry norms and trends has long been held as a key to entrepreneurship success, Motley and fellow researchers found that social, economic, and technological changes make industry knowledge or prior experience increasingly less relevant. This is because teams need to adapt to developments that previously-stable industries were unprepared for.

Motley and other researchers examined the performance of more than 1,000 ventures, all of which were founded from 1960 to 2011. These businesses specialized in a wide range of industries – from energy and utilities to agriculture – and the research team assessed data from the Bureau of Economic Analysis to measure how active and changing different industries were when each company started. On top of this, the researchers used alumni survey data to understand how long businesses lasted.

The research found that companies achieved the most success when changes in the market match the conditions they started in. But the study also found a stabilized industry environment can make a company less likely to succeed if the team is accustomed to perpetual change.

Wesley Koo, another co-author of the study, said “in more predictable environments, being more aggressive can produce better outcomes.”

This could come down to risk-aversion.

“The risk of untested assumptions is less, so continued use of risk averse processes produces fewer benefits and may detract from a venture’s ability to respond to opportunities.”

The study found that “slower decision-making” was a key factor in the long term success of a company.

When a business started in

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View Our Automobile Insurance coverage Availability By State

Car InsuranceLike loss of life and taxes, car insurance coverage is unavoidable if you wish to preserve your vehicle on the road and the best facet of the regulation. But if it’s a must to take out new car insurance coverage in another EU country , the new insurer is not obliged to take account of your earlier claims record (or any reductions you may need been eligible for) when calculating your premium.

Whenever you register a car in any EU nation , you should insure it for third get together liability. This obligatory insurance is valid in all different EU countries. It covers you in case you have an accident causing harm to property or injury to anyone apart from the motive force. It doesn’t cover other prices (e.g. the cost of repairs to your own car).

Your premium is how a lot you pay to your cowl. This is calculated based on issues like age, gender, driving expertise and the kind of car you’re driving. Due to that, everybody’s premiums are a bit completely different. If you have simply purchased automobile insurance make sure you learn our Standard coverage douments. In the event you also bought any polcy upgrades the relevant documentation will also be found below.

Liability insurance coverage covers losses, resembling injury or dying, which your automobile causes to different individuals. It additionally covers harm your automobile causes to different automobiles. If the cost of the losses or damage is greater than your legal responsibility restrict, you will have to pay the steadiness of the settlement your self.

Gives coverage for reasonable medical and hospital prices in case you or your passengers are injured as the result of an auto accident, no matter who’s at fault. The victims of accidents attributable to non-insured vehicles may very well be compensated by the Street’s Sufferer Guarantee Fund (Fondo garanzia vittime della strada), which is covered by a hard and fast amount (2.5%, as 2015) of each RCA insurance premium.

The own injury premium is determined by Insured Declared Value (IDV), engine capacity and car RTO. The IDV is the worth of the car primarily based on its ex-showroom worth and depreciation percentage. An add-on cowl depends upon your car’s requirement and thus is a variable. The service tax is charged on the OD premium.

For larger peace of mind, add driver harm cover to your Car Insurance. If you … Read more