CRICOS Business Plan

In Australia, educational institutions or training providers must be approved on the CRICOS before they can teach or onboard international students. If you want to be in the education business, you want to be familiar with CRICOS and its requirements. The CRICOS website is one of the best tools an international student can access to ensure that the faculty or institution they are choosing are legally viable or not.

The CRICOS website contains the followings details about the provider and the course:

• Information about the institution
• Courses offered
• Contact Details
• Research and Vocational Importance of each course
• Duration of Study
• Fees

The Australian regulatory body, AQSA (Australian Skills Quality Authority), requires the applicants for a CRICOS registration to:

• Submit a detailed financial viability plan and assessment to prove that they can operate a sustainable business
• Self-assessment to ensure that they are ready to deliver with all resources and systems in check
• The background of the people involved with the institution’s operation is suitable

A detailed business plan must be made if you have committed to being involved in this line of work as a provider. Your business plan will contain information like:

• Mission, Vision, and Goals
• The Structure
• Operational Framework and Strategy
• Competitor Analysis
• Projected Financial Statements
• Marketing Plan