During my school days I didn't do much things that took my time away. I was just focused to learn, bit it doesn't mean others can't combine business and school at same time.
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Running a school and a business together is not an easy task to do because if requires running around even if you are mobile, all you need is a good plan and also schedule your time on how to cover the two areas.Combining school activities with business at the same time is not an easy task to achieve but with good planning and dedication it is possible. Though sometimes one may affect the other but it can be achieve together if the person is hardworking.
Fact, it's not going to be easy but you have to take it slow and find what works best for you, create tasks that might help you finish meeting target for school and for business and track them.If I am going to be very honest to you, it is not going to be easy to deal with the two but bear in mind that nothing at that point should affect your education. I advice that you schedule your time and allocate time for business and time for studying.
If you mean by workable plan then you probably want to say time management. I can agree with time management which means you divide the time to your activities. Let's say your schooling is from 7 am to 3 pm then you can do the business after those school hours so your concentration will not be interrupted.Well, In reply to your question above concerning how do i balance school and business, I personally have to say that to balance school and business you have to have a scheduled workable plan for how to manage your time effectively