For example, the medical and educational sectors. From practices and pharmacies to private tuition and universities, there are no shortage of ways in which one can run a business and start an amazing career in these two sectors. Right now, we’ll focus on education.

To run an honest business in the field of education, it’s very important to take a step back from the bottom line here. It’s very hard for business needs to link up with educational needs and it is very important that perhaps the educational needs of clients are met first, before business needs.

This sounds like a recipe for business disaster, but if you are clever, there are still ways that you can profit without profiteering off of education in itself.

One of the largest problems is that education is such a wide open world for business. That doesn’t suit anyone corporate at all. Businesses need structure and strict avenues while the world of education is enormous, fluid and limitless. In the Western world, this is increasingly clear as commercial habits are entering schools.

We have to remember that in nearly all cases, successful lives are built from education, and commercial interests shouldn’t be conflicting with educational purposes. This is why when business strategies and terminologies are entering schools, traditional educational trusts do get worried.  For some schools and educational bodies, there seems to be a focus on the ‘brand’ and ‘chain of schools’.

This might be all well and good, but if we’re pushing schools for the bottom dollar – we might be ensuring that the needs of the people who do need and value the educational systems provided are not being met. It’s important to understand why the world of education exists before asking how much money can be made from it.

However, that being said – a school or educational business want to be run on a non-profit basis, rather than run straight out of business. Profit can be used to expand the business and ensure it meets educational needs.

Of course, there are plenty of ways to run a business in the education sector without forming a traditional school. You may have coded a new piece of software that can help schools meet their business needs. You might be a publisher of textbooks.

You may have successfully bid to run a new university that may open up in the near future. You could fill gaps in education with technology or you could bring and boost education in Third World countries.There is an almost endless list of how one can run a business in education.

From bookshops and driving schools to blogging and stationary. It’s important that you stick to your interests and talents so you can get the most out of your career in running a business in education.

So, when you start a business – it’s important to research the industry to find competitors and to also identify gaps in the market that you can fill. As said a short while ago, stick to your experience, knowledge, and interests to succeed. It’s also worth knowing what options you can explore.

Then it’s time to find the correct target market that is suitable for your business. You might find working with early years pupils suits your business, or your could prepare high school students for college and university with prep courses.

When you know your target audience, you know how to shape your business and certainly will know more about advertising, marketing and attracting your target market to your business.

Whatever your business – it’s important to promote and market it correctly in the education sector as it would be in any other area of business. The quality of your products and services is almost null and void as a topic if people do not know anything about your business.

Education provides a number of unique challenges as well. With the rise in student debt, higher education marketers must prove to today’s prospective students the return on investment on a college education. Each challenge provides a unique marketing puzzle and it’s up to you or your marketing team to solve it – the future of your business and idea could depend upon it.

Of course, you also need to note the services you are able to provide and the products you can offer. Each of these needs to be priced fairly and could be subject to adjustment depending on your needs and the needs of the market.

This is where your research comes in handy as you should know what your target market can afford and what your competitors are charging.

Education is a field where you might find it easier to find other businesses to collaborate with. There are plenty of areas that your business will excel at, but you might find it difficult to become a master of all trades. Networking can help you search for and secure partners that can help your business out.

Schools might partner with textbook providers or even e-learning companies. Networking events are a great way to not only promote your business to professionals and companies in the local area, but also to find those potential partners who can either help get your business off of the ground or take it to the next level.

It’s very easy to take paths which see your education start-up fail, though. That being said – there is an abundance of opportunities in the market of education, so be sure to constantly be on the search for opportunities which will see your business grow.

Don’t settle on a product or service and in the field of education. It’s more important to find ways to make a good product cheaper or more accessible than it is to build a service that most cannot afford. It’s also important to to jump headfirst into a local and saturated market. Don’t be afraid to look further afield for business opportunities.

Make sure you try not to bottleneck your business. If you are targeting the same old-middle class audience, you are missing out and you’re not really providing a service that’s in the true interests of the public good. If you can find ways to access and provide opportunities to poorer students you’ll be finding a truly mainstream audience.

Keep in mind that the business of education isn’t really a short-term thing. You can’t just jump onto the scene, make a quick book and leave in two years – building a sustainable and successful company in the business of education could take up to a decade or more. This isn’t Silicon Valley!

Things can ramp up quickly, but it won’t be because you’ve discovered the next big thing and you won’t encounter hundreds of investors overnight – it will only really jump when you’ve made a success of yourself. Put in the hard work and the hours to find success here.

At this point you should know all you need to know about running a business in the field of education, but like the area you want to work in – you will never truly stop learning. It’s important to remember why you wanted to run a business in education and to do the best by the people who require your services. Always work to break prices down than ramp them up. It’s better to gain more of the market than squeeze a small portion of it.