Impact Of COVID-19 On Franchising

This year, the world witnessed the spread of the Coronavirus outbreak and lives have changed irreversibly in the last four months. It all started when the first case was reported in Wuhan, China on December 31, 2019. Since then, the number of people getting affected has only increased, and that too differentially, forcing countries across the globe to go into a lockdown mode.

The social distancing measures put in place to prevent the spread of the Coronavirus disease have also had an adverse impact on the education domain. Over 90 percent of the school population has been affected due to the nationwide closures implemented in 216 countries worldwide. In India, 320 million-plus learners have been impacted due to the countrywide lockdown. The pandemic is likely to have long term consequences on the way educational institutions are being envisaged, not only in India but across the world.

COVID-19 has become a desire for educational institutions worldwide to search for innovative solutions in a relatively short period of time. It would not be wrong to say that an ed-tech revolution is infusing in India. Maximum schools in India, as well as globally, have started with online platforms for teaching students without further delay.

So, Where Do These Changes Leave The Education Franchise Industry?

The Covid-19 impact on Franchising will be mainly on sales and the supply chain. The integrity of the Franchise networks will also be tested during this period. According to industry experts, Franchise networks in sectors such as Education and Retail will witness delays rather than lost demand. Educationists have to initiate some contingency strategies to overcome the challenges of disruption of supply chains and economic activities during this uncertain time.

So here are some ways to cope up with this situation in the time of this global crisis. 

  • Webinars To Connect With Potential Investors: Do conversation with a large number of investors who are keen to set up school franchises and are digitally connecting even from rural areas. The response that you will get from them will be mixed. You should constantly create the best of the business continuity plans and practices which allows an investor with short term reductions and long term flexibilities which is becoming a winning proposition at this stage. Make loyal partners and provide them with flexibility in the time frame to set up school so that investors can slowly overcome their financial losses.
  • Demonstrating Effective Leadership and Engagement: You should be committed to your franchises and you should be in regular communication with your business partners. Franchisors may not have all the answers. However, they are always there to acknowledge the troubles that the Franchises are facing during this critical time and provide them with relevant, timely information and resources. They strongly believe in service with pride, lead with confidence, inspire to impact others and adhere to the philosophy that education is the prime contributor to the development of self.
  • Financial Resources and Support: Franchisors also need to address franchise questions on cash flow and viability of continued business operations during and after the Covid-19 outbreak. They need to understand this responsibility and should be in the process of considering financial and other reliefs for their business partners.
  • Effective Media Strategy: You should also help your partners with consistent messaging on media queries pertaining to the pandemic. You should be guiding your business partner schools on the best practices in PR/Social Media Messaging during this time.

Lastly, you should be prompt in taking proper steps on curbing the spread of the adverse effects of the pandemic on the health of your partner schools. You should also be oriented towards your partner at every level to handle such unprecedented times with positivity and assisting them to develop appropriate contingency plans concurrent with the altered business implications of Covid-19.

We know that it gets extremely hard for someone throughout these times to work with their franchisors and dealing with the franchise. So, if you’re thinking of investing in a School Franchise then Shri Educare is the best choice for you. Shri Educare makes sure that they offer you full support with each and everything you are doing and assist you to run a franchise that would prove to be a flourishing business in the time of COVID-19. 

Gearing Up for the New Normal

“If you are always trying to be Normal, you will never know how amazing you can be!” Mary Angelou

And that is the perspective all of us need to take amidst these unprecedented times!

Too much has already been said and written about the pandemic and that seems to be the only thing people around seem to have to discuss. Time now to move on.

The “New Normal” as it has now been popularly christened is just another phase in all our lives. History of humankind has shown us how we have come through adversities, evolving and developing into a stronger and more resilient species. 

And so shall we through this pandemic as well.

Parents are concerned, and rightfully so, about the health and safety of their children as talks of opening schools in a month’s time is hitting the headlines. School authorities are concerned and anxious as well. Where one set of adults are worried about how safe it will be, the other set are working hard detailing out every aspect of how to ensure this level of safety and hygiene.

It is a new way of life, and not fearsome danger, that awaits us outside the quarantined walls of our homes. How long are we going to keep our children within the confines of our homes? The longer we take to open our doors, the stronger the fear becomes. Rightfully said, the phrase “social distancing” meant just physical distancing, not a complete stop to social interactions. Humans are social animals and socialising is a very crucial and integral part of our growth and development.

It is time to sit down and have a matter-of-fact discussion at home, with adults and children alike, and prepare with courage and conviction that the time to fight this situation has finally arrived. There is no point in putting it off. Follow the rules and precautions and life can carry on with a certain amount of old normalcy. 

Encouraging news and statistics are being shared which augurs a light at the end of the tunnel. The vaccine will be here, how soon is not known, but that it will be here, is now no longer just speculation. 

For the last six months, everyone across the globe has been talking of the lockdown, COVID-19 rules and precautions and the statistics attached to the pandemic. It is now time to look at how each one of us can work towards “flattening the curve”. 

When schools open up, rest assured that all necessary precautions have been taken to ensure that the physical spaces have been sanitized as per the highest standards. Schedules created for the students who come to school have been carefully created and planned, so as to ensure that no risks are taken. Channels of communication are open and ready to address any and every concern parents may have regarding this.

The bottom line here…… Now is the time to display the strength of the three-way handshake that the SHRI Family has always been so vocal about. Let us all come together to enable the return of normalcy in the lives of our little ones and young children. When they look back 20 years from now, let them remember 2020 as the year they saw their families, friends, teachers and caregivers at school come together as a united force to help them sail through with courage, conviction, commitment and collaboration.

Shri Educare is one the premier Indian Organization for opening educational institutions. We provide customized turn-key solutions to help you start your own Educational Institute & run it successfully. If you’re looking for expert guidance regarding your own school, you’ve come to the right place. Being amongst the best preschool franchise we are backed by an experienced team who put together and can provide services (e.g., marketing, accounting, staffing, fundraising, project management, accreditation, training, programming, marketing, designing, architecture, planning, procuring, infrastructure). 

Advantages of Education Franchise

Education Franchise

While talking about education businesses, the role of franchising is slightly different as it bears the social responsibility of making the future of the coming generations. One cannot deny the fact that school franchises are generally very successful in terms of generating revenue. So, if you wish to explore the world of franchising and earn better revenue, then buying a School Franchise could be beneficial.

So here are some advantages of investing in School Franchise Business:

  • Tried and Tested: When you invest in a running business, it gets very beneficial for you as well as it gives you a sense of confidence and assurance. It only involves a lot of hard work and some instructions given by the franchise. It also provides support to its associates as well.  

  • Trusted Brand: Another important advantage of a franchise business can be that it involves recognition with a trusted and a very reputed brand. Not only this, they all get nationwide acknowledgement as well. 

  • Support Provided: Franchises also get the all time support from their franchisor in terms of everything like setting up their business, supplies, marketing and publicity, recruitment etc. and above all of that you receive continuous training and you get all the support from their corporate office. 

  • A Turnkey Business:Many people have the skill to run an existing business but they don’t have much expertise in what all it takes to get a business up and running, whether it is obtaining financial things or negotiating lease terms. Buying an existing franchise can cut out most of your hard work like finding a location, negotiating a lease, etc. But that doesn’t mean you don’t have to do anything. You still have to do your part aside from the transfer fee, your fees and terms may substantially differ from the seller.

  • Brand Awareness:So if you buy a franchise that is already there in the business for a long time then the corporate image and brand awareness is already recognized. We all know that customers are much more comfortable in purchasing items they are familiar with and they have already trust on. So according to a customer, a franchisor’s brand is equal to the company’s reputation. 

  • Higher Chances Of Success:Buying a franchise is very different from starting a business from scratch. Since there is already an established business in place, there is a higher chance of success. If you invest in a proven franchise and if you follow the system that the franchisor has put in place, then you should be on your way to running a successful business.

  • Easier to Get Started:There are a lot of entrepreneurs who end up doubting their capability of starting a business just because they are scared of building it up from scratch. This is because there is much to be decided upon before you even think of starting an independent business. In a way, buying a franchise can make things a lot easier for you. Franchising helps a lot in this case. 

If you are looking forward to buying a School Franchise then Shri Educare can help you with that. They ensure you full support and help you run a franchise that would prove to be a successful business and they can be the correct choice for you. They ensure you full credibility and help you to run a franchise that can prove to be a successful business choice for you.

Use Adversity to Your Advantage

Opportunities to find deeper powers within ourselves comes when life seems most challenging.

– Joseph Campbell

Such is the power of Adversity. Therefore, rather than looking at adversity as a roadblock in our lives, we need to look at how we can use them as the proverbial steppingstones to take us further.

Those who do so, not only go further, they also grow stronger. It is the tough times that makes us innovate, improvise and invent. History has enough examples to prove this. Every invention created come into existence because a need was felt for it. The stronger the need, the faster the invention – or in the present scenario, the discovery.

The pandemic holds us in its grip and the entire planet has a single point agenda at the moment, and that is to find a vaccine that will help stop its spread. Cure, thankfully, is now a possibility.

Looking at the positive side of things, one can’t help but reflect on how, people around the world have put aside their differences and are all trying to support each other – nationwide and worldwide – in an attempt to what is now popularly being known as “flattening the curve”.

Bringing this to our context, how can we as parents and educators, strengthen our children and make them more resilient? A question that every adult is concerned about today.

So, first things first. One of the things the children definitely need to be able to build resilience is your complete faith and support. As parents, you need to be there for your children. Therefore, carve out time from your schedule, however busy you are and give them your complete and undivided attention. Make this time special and sacred. No gadgets, no phone calls, no TV viewing or even listening to music. Don’t couple this special time with chores to be done around the house. These conversations are very important and hence need to be given that stature.

Now, just because the time is to be considered sacrosanct and important, does not mean this is “serious” conversation time only. What it means is that all bodies are on “Listening Body” mode and each one gets a chance to talk and be heard.

Once this is established as a routine, you will notice that children become more vocal and start voicing their thoughts, emotions, concerns and anxiety. That is when you begin to steer the conversation towards becoming resilient.

Talk to them about the adversity that they (and you too) are facing and discuss each person‘s perspective. Watch as they come out with simple solutions to dealing with, not just the adversity itself, but also its effects on themselves and others.

Explain to them how it is important to face the adversity to be able to overcome it. Denying or evading it is what makes the adversity grow stronger or larger. Facing it upfront will result in one of two things – we either get stronger and hence are able to overcome it; or we are able to change the adversity into an opportunity and then optimize it to our advantage.

Every adversity humankind has faced had enabled them to evolve into a stronger, more resilient and advanced species. It has brought people across the globe together as a single community. It is those who do not face adversity that fall beside the wayside. The ones that reach the finish line are those who strove on despite all odds.

The undiluted special time you spend with your children will build their inner strength, confidence and self-esteem, it will enable them to look at things from all available perspectives, it will strengthen them with skills such as problem solving, critical and creative thinking and decision making. It will teach them responsibility and independence. It will strengthen self-discipline and character.

In short, it will help mould your child into an individual that steps into the now cliched “New Normal” with courage, confidence, commitment and conviction. A true global citizen who will contribute and make a difference in the world.

If you want to invest in an educational franchise, however, it is important that you handle your due diligence to help ensure that it will meet your expectations. Join hands with Shri Educare if you want to get any help relating to the school franchise.

Own School Or Franchise? What Top School Consultants Suggest

“India is carving a niche in the global education industry and has more than 1.4 million schools.”

However, there is still a lot of potential India holds for further development in the education system.

Every day, my inbox gets flooded with numerous messages and the requests from people who are looking for ways to start their own educational startup with a school but get confused between what is meant by own school or franchise school.

This dilemma often leads to confusion and an effective school fails to come into existence.

To help you understand the concept behind both the aspects, I have brought posted this today so that you can understand what exactly a complete package of these aspects would contain.

Starting Your OWN School

The very idea of starting your dream project is nothing less than a magical journey, since you know the potential the schools have in their foundation, and apart from the monetary benefits, the strong platform you offer to the next generation.

Eventually, starting an independent school is synonymous to start a new business from scratch, A plethora of opportunities for various talents and skills starting come onboard, Being a recession-free sector, it is a great idea to start a school.

Something that stops the edupreneur is the lengthy and challenging process, but other lucrative aspects in this venture encourage them further, and it has boosted a lot of investors to come forward to invest in a school.

Bearing in mind the benefits of starting a school, you must not forget that there comes a huge amount of responsibilities as well along with it.

Take a look at the pros and cons of starting a school.

PROS

  • It is a rewarding and profitable venture since it requires a one-time investment.
  • It promises the long-term profits.
  • It offers a sense of satisfaction by serving the society at large.
  • It involves the least number of formalities to kick-start the venture compared to any other business venture.

CONS

  • You need to take care of finances, marketing, recruiting, training, drafting the curriculum etc. on your own, to avoid the additional expenses at the initial stage.
  • The number of admissions varies from year to year and depends largely on the popularity and credibility you have built.
  • Competition is HUGE in this field, and it is not going to be just from the existing, but also from the upcoming ventures as well.
  • The permission-granting process from various institutions is a very tedious and time-consuming task.

Buying A School Franchise

On the other hand, buying or running a franchise is considered a rewarding personal journey, but it has its own set of obstacles and challenges as well.

Hence, we suggest you weigh and analyze both the pros and cons of getting a school franchise.

PROS

  • Being associated with an established brand name reduces the cost of initial setup and promotion.
  • This model gives less number of financial risk since you are carrying forward the existing brand identity.
  • You get a ready-made curriculum and designed syllabus.
  • You receive initial training, ongoing support and continued inputs to ensure the development of the school.

CONS

  • There is a lack of flexibility and you need to adhere to the rules set by the governing educational institution.
  • You have to pay a license fee, training costs, advertising charges, franchise fee, royalty, annually.
  • There is a huge risk of losing the branding, if any branch attains public attention, due to any wrong reason.

The education sector is proceeding further with prolific growth and either of the options is not free from its own set of advantages and risk factors. You need to be wise enough to pick the best choice for your concept venture.

But, unless you have the guidance from an expert school consultant in India to ensure that the selected option is a comprehensive solution for you to set up a new school, you would always end up picking the wrong option for your venture.

Hence, it is not advice, but it is highly recommended that you get the services from one of the best school consultants in India. However is it really that easy to get these services from a professional consultancy firm???

I know it is a hard nut to crack, to get a dedicated and genuine school consultant in India.

Don’t Panic 

I am here to suggest a proven consultancy firm, for your school concept and that is none other than Shri Educare Limited (SEL).

The dedicated professionals from the SEL team would ensure that you are guided and trained with every intricacy involved in the process of starting a school.

SEL has a vision of bringing a revolution in the education space and by integrating best practices, they would transform your mere concept into a factual reality.

Their team of academic experts, designers, business development team constantly strives to give the best to their clients to help them experience phenomenal growth.

Don’t wait any longer get in touch with the SEL team today

You can place your school-related queries at

contactus@shrieducare.com

+91 9555151317

Challenges Faced In School Project Venture – A blog by Shri Educare

SCHOOL PROJECT VENTURE

Albeit, starting a school project venture in India is the major challenge in itself, but there are some other challenges as well, which largely hamper the process of building an educational body

With this post, I am going to draw your attention towards the number of challenges which occur at the rapid-fire speed and the ways to combat them…let’s read ahead…

Challenge #1

Infrastructure Planning

For an edupreneur, the infrastructure planning goes haywire when the construction comes into existence since the planning of construction always turns out to be different then what it is planned.

Pro Tip- Construct that much which may occupy the need of the hour and create product differentiation through building elevation and sizes. Include spacious labs, landscape, pre-primary zones, sports, and arrival zone.

With this approach, you can invest saved capital in other important aspects such as marketing, recruitment, and facilities.

Challenge #2

Execution of Construction Plan

It is the second most disturbing challenge, wherein the construction execution is expected as per the vision and design of school project. Meeting construction deadlines is extremely important since this delay reduces the time for admissions and marketing distress. Also due to this, parents lose confidence in the commissioning of school.

Pro Tip– Discuss with your school consultant and understand the school operations and school projects, and with the given experience pick the best suitable strategy of hiring an experienced and professional contractor to expedite the construction execution plan.

Challenge #3

Hiring The Services From A Right School Consultants

Unfortunately, this issue if not taken into consideration seriously, can cause the other factors to get disturbed massively since there is a flood of school consultants existing in the market, who all claim to be offering the supreme services but in fact are the leaders of hollow services wagon.

Pro Tip- You must hire the top and one of the most popular consultants in India, which has the required expertise and the exposure to fulfill your school venture concept, just like – SEL.

Shri Educare Limited has developed itself into a one-point solution agency where their team offers the best school consultancy services for execution of school projects and ensures that best quality work is done in timely and cost-effective manner.

If you are willing to get a smooth school opening process, then you must get in touch with SEL team, which has the expertise to prioritize and manage the various aspects of the venture development.

You can schedule a business meeting with SEL team at:

contactus@shrieducare.com