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Entrepreneurship Education Center
An educational facility that aims to train students on how to create and manage small and medium-sized enterprises. The center offers specialized training programs and courses in entrepreneurship, including business skills, innovative idea development, business management, marketing, finance, leadership, and growth strategies. These programs are delivered through modern teaching methods that combine theoretical lectures with practical training through workshops, simulations, and specialized courses, enabling students to acquire the necessary skills to successfully start and manage their businesses.
Study content
Rationale for choosing the project
Supporting entrepreneurship in the Kingdom: In line with the Kingdom’s Vision 2030, which aims to promote innovation and support SMEs, the project is an opportunity to address the growing need for entrepreneurship training for young cadres.
Moving towards a knowledge-based economy: The world is shifting towards a knowledge-based economy, and entrepreneurship plays a key role in this shift, as it can contribute to job creation and boost local economic growth.
Demand for entrepreneurial skills: With a growing number of Saudi youth wanting to start their own businesses, there is an urgent need to provide educational programs that focus on entrepreneurial skills through structured education.
Providing a hands-on learning environment: The center offers a professional learning environment that combines academic guidance with practical practice, contributing to the graduation of entrepreneurs capable of impacting the local economy.
Investment advantages
Government support: The project idea is in line with the Saudi government’s goals of promoting entrepreneurship in the Kingdom, which may allow for support from government programs to fund SMEs.
High demand for entrepreneurship courses: With increasing entrepreneurial ambitions among Saudi youth, there is expected to be a continued demand for entrepreneurship education programs, ensuring a sustainable demand for the services provided by the center.
Partnerships with educational and governmental institutions: The center can collaborate with universities, trade associations, and government support funds to provide additional educational resources and enhance its training programs.
Significant expansion opportunities: The center can expand to other cities in the Kingdom or even in the Gulf countries, as there is a growing interest in training entrepreneurs in these regions.
Sustainable return: As the demand for entrepreneurial education programs increases and individuals become more interested in starting their own businesses, it is expected that there will be stable, long-term revenue from students and companies that participate in the programs.
Demand analysis
Target market segment:
Saudi youth between the ages of 18-30 who have entrepreneurial ambitions and want to establish small and medium enterprises.
New graduates from universities and educational centers who seek to acquire the entrepreneurial skills needed to develop their projects.
SMEs that want to improve their management skills and develop their expansion strategies.
Market trends:
An increase in the number of new graduates seeking to develop entrepreneurial skills.
The Saudi government’s encouragement of SMEs through financing facilities and supporting programs dedicated to this sector.
Increasing reliance on vocational education and targeted training to motivate young people to actively participate in the national economy.
Local and international demand:
Within the Kingdom, there is a growing demand for entrepreneurship education centers as young people are increasingly interested in starting their own businesses, especially in light of the economic transformation and opportunities available.
Internationally, there is a growing interest in fostering an entrepreneurial culture in the Gulf region, increasing opportunities to attract students from neighboring Gulf countries.
Financial indicators
Required capital:
The initial capital to establish the center ranges from SAR 2 million to SAR 4 million. This funding includes the costs of equipping the center, purchasing educational tools, hiring trainers, and spending on marketing and advertising.
Expected revenue:
Annual revenues are estimated at SAR 1.5 million to SAR 3 million, based on the number of students enrolled in the courses, and registration fees ranging from SAR 2,000 to 5,000 per course.
Revenues can be augmented by organizing workshops, customized training programs, and entrepreneurial consulting for companies.
Operational costs:
Annual operational costs include salaries, facility costs, equipment maintenance, and marketing. Annual operational costs range from 500,000 to 1 million SAR.
Return on Investment (ROI):
The expected rate of return on investment ranges from 18% – 25% per year, depending on growth in the number of students and revenue from courses and consulting services.
Capital payback period:
The expected payback period is 3-4 years, with expectations of sustained growth in the number of students and increased revenue over time.
Features of the project
Develop comprehensive entrepreneurial skills:
The center offers comprehensive educational programs that combine the theoretical fundamentals of entrepreneurship with hands-on practical training, helping students gain the practical skills needed to launch and manage small businesses.
Specialized Courses:
Courses cover advanced topics such as growth strategies, idea development, operations management, fundraising, human resource management, and customer value creation, enhancing students’ ability to successfully manage their businesses.
Strong government support:
The project is aligned with the Saudi government’s goals of supporting entrepreneurship, which may provide the center with an opportunity to obtain government support through funding programs and assistance in project development.
Partnerships with companies and organizations:
The center has the opportunity to form partnerships with local and international educational institutions, in addition to cooperation with private and governmental companies that support entrepreneurship, which contributes to enhancing the quality of training programs and expanding the network of relationships.
Continuous expansion and development:
The center is expected to witness a continuous demand for entrepreneurial training, and has the potential to expand to offer enterprise-specific programs or online digital programs to expand the customer base.
Opportunities for innovation and technology:
The center can use advanced technologies in education such as simulating real work environments and training on digital platforms, which contributes to making the educational experience more interactive and sophisticated.
Social and economic value:
In addition to the financial returns, the project contributes to strengthening the national economy by enabling youth to establish their own businesses and increase the employment rate, in line with the goals of Vision 2030 to increase the sustainability of the economy and achieve self-employment.
Accredited certificates and international recognition:
The center offers accredited certificates from credible international or local bodies, which gives the training credibility and increases the center’s attractiveness to students looking for globally recognized educational opportunities.
Ability to offer additional programs:
Once the core operations are stable, the center can offer additional programs such as workshops, personal consultations for entrepreneurs, and specialized programs for specific fields such as e-commerce or digital marketing.
Creating a generation of successful entrepreneurs:
The center helps transform entrepreneurial ideas into successful ventures through intensive training and practical resources, contributing to the growth of the private sector and fostering innovation in the local market.
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