Education has eventually evolved as one of the foremost outstanding and profitable sectors within the Indian Business trade. It is believed that if the investor follows the essential tips and guidelines while running an education entity, success is unquestionably looking ahead of them to fancy.
The growing number of brands within the Indian education sector is a great example of how much this sector is profitable. Initially, the industry had limited segments that attracted the educators for pursuing their dreams and goals. But with changing times, the industry is now a home of various sub-segments that are equally profitable and generate revenue. Moreover, the growing concept of franchising has added the cherry on top for Indian Educators. Everyone is very well aware of the gaining popularity of the franchise-based business that is now re-shaping the Indian education market. Education business owners are taking a route towards franchising to diversify their business alongside reassuring success as a complete package.
Ideal Model For Increasing A Brand
People enter any business vertical with the hope of creating their brand’s name by increasing their branches all across the country. As time passes by, people notice that their dream to expand the business may simply become reality by following the franchising path. Currently, India contains a ton of academies and institutes that do nice business and have with success introduced their branches all across the country via franchising. Beyond question, the idea of franchising has actually revolutionized the Indian education market with a lot of technological and pedagogical advancements for the times ahead.
Basic Benefits of an Education Franchise
Despite being an old idea, franchising has recently begun to gain large momentum and growth because of its increasing awareness. Potential investors are realizing the advantages of the model and how it will facilitate them to achieve their goal.
Mentioned below are some key benefits of an education 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. Predefined protocols, SOP’s, policies, processes and systems add to the quick turnaround of the venture. Although, It does involves a lot of hard work and following the protocols given by the franchise, however, It also ensures success through the tried and tested methodology.
Trusted Brand: Another important advantage of a franchise business can be that it involves recognition with a well trusted and a very reputed brand. It also provides a well-established brand name to the investors. Not only this, they all get nationwide acknowledgement as well. In this business, you don’t have to start from scratch in order to run a business and create brand awareness and instantly join the pool of investors who have already joined hands with the established brand.
Support Provided : Franchises also get the all time support from their franchisor in terms of everything like setting up their business, supplies, marketing collaterals, plans and publicity, defining the org structure, setting up recruitment processes etc. and above all that, you receive continuous training and the support from the corporate office.
A Turnkey Business : Many people have the skill to run an existing business but they don’t have much expertise in all domains and fully understand what all it takes to start a business from scratch, connect with the suppliers, complete the compliances and formalities etc to set the ball rolling and running – whether it is obtaining financial documentations, loans or negotiating lease terms etc. Buying an existing franchise can cut out most of your hard work like finalizing a suitable site from the shortlisted locations, negotiating a lease, etc.
So if you are looking to open a school Franchise Brand then, Shri Educare Ltd is your go-to consultant. Shri Educare Ltd (SEL) helps investors with franchise business expansion plans in the pre-schools and K-12 schools sector with full support, care and commitment.
Why Is The Education Franchise A Profitable Business?
Some might probably think why the Education Franchise Business can be a good investment start for you. But the mere fact that education has been fused into the lives of human beings makes it a very flourishing and profitable industry.
The education sector is also profitable especially in countries where it is necessary for every child who is of the age to go to school. Government is also excessively investing in education to improve their nation, even urging private investors to invest in the education sector so that education from primary school to university level can be offered.
In addition, the Educational Franchise Opportunities in the education industry is also huge. In fact, an innovative and very creative entrepreneur can have limitless opportunities to make his or her business concept highly marketable in the industry.
The main question, however, in the flourishing education industry is not how profitable the business is but how entrepreneurs will be able to balance their money-spinning potential while having a compassionate vision.
Education Franchise Opportunities In India
The Education Franchise Business has been in existence for a long time, especially in western countries. However, the scenario is now very fastly changing for the Indian business market as different national and international brands are entering the Indian market with a vision to dominate their respective industries.
India is now a home of various Education Franchise Brands that are successfully serving their audiences, coming up as one of the biggest education-related franchise brands that exist in the country.
Also, elements like rising incomes, competitions among the Indian residents for a better all-round education for their child, are some of the elements that are responsible for the heavy boom of the Indian Education Franchise Opportunities.
In the immediate and near future, investment in the Education Franchise Business will make it an evergreen section for remaining profitable.
So Are You Ready To Learn More About Buying An Education Franchise?
Let Us Have A Look That Why You Should Consider A School Franchise
Benefits Of Education Franchise
Despite being a traditional idea, Education Franchising Opportunities has started to gain large quality and growth because of its increasing awareness. Potential investors are realizing the benefits of the way it will help them and come through their vision.
Mentioned below are key benefits of an Education Franchise Business:-
A Great Business Opportunity For Investors
Children’s education and health are probably the two important things, which no parent is willing to compromise on, especially in today’s time. Also, growing competition among the students to make sure they have good career options have made them convince their parents to spend extra bucks on their development. This too has transformed the education sector into one profitable and successful sector currently existing across the globe.
Holding a necessary place in the Education Franchise Industry, India has successfully managed to emerge as a developing and profitable region for people that want to invest in the Education Franchise Businesses.
Education-Related Franchise Business Model
Education is a diverse industry that consists of different sectors like preschool, k-12, skill development, e-learning, and others under its umbrella. Practically, every segment and its brands have their own needs that need to be fulfilled in order to obtain the brand’s name for running the business. Therefore, every brand has its own franchise requirements that could be accessed through in-depth market research and meeting with the brand owners directly.
Investors need to identify sections that interest them along with analyzing the investment, time, and efforts required in order to enter the Education Franchising Business with full preparation.
Ideal Model To Expand A Brand Pan India
Investors enter any business industry with the hope of making big along with expanding their brand all across the country. With time, investors have realized that this dream could easily be turned into reality by following the Education Franchising Business pathway.
Right now, India has a lot of institutes that are doing great business and have successfully introduced its franchisees all across the country through Education Franchising Opportunities.
Undoubtedly, the concept of franchising has certainly changed the Indian education market with more Education Franchising Opportunities to come in the near future.
Collaboration With A Trusted Brand
Another major advantage of getting connected with a franchise is that it provides a well-established brand name to the investor. Unlike an independent business, one doesn’t have to start from zero in order to run a business and create brand awareness. Moreover, the associates enjoy the worldwide acknowledgment that releases an enormous amount of pressure from the investors.
The most important thing is that you receive regular training and you get all the support from their corporate office. Franchises also get all-time support from their franchisor in terms of support like setting up their business, supplies, marketing, and promotion, recruitment, etc.
A Sense Of Assurance
When you invest in running the business, it gets very profitable for you as well as it gives you a sense of confidence and assurance. It involves a lot of hard work and the instructions given by the franchise that you need to follow. It also gives support to its associates as well.
So if you are looking to open a Franchise Brand then, Shri Educare is your go-to stop. Shri Educare helps investors with franchise business expansion with full support, assistance, and expertise.
PROCESS OF SCHOOL REGISTRATION IN INDIA
If you are planning to start a school in India, what you need to know first is that in each step of opening the school you need to have a license, certificate, or documentation which you need to create and maintain for future use. Getting a License is one of the pivotal things you need to do while you open a school.
Opening a school comes with a lot of responsibilities. You need to do paperwork including approval from an education board, physical infrastructure, and the academic and non-academic curriculum which is also required.
Establishing A School
It can be a responsible task while establishing a school in India. Despite this, a lot of people are interested in opening a school in India because of the never-ending demand for quality education. Also, investing time and money in the education sector is a profitable idea. It not only brings you profit but also earns you respect in society.
However, setting up a school is not only constructing the structure in the form of building classrooms and making up the libraries and laboratories, instead, it includes getting permissions and licenses from concerned authorities at various stages.
Further, private individuals cannot set up schools. It starts with the setting up of a trust or a society, with five or six members governing board members.
Registration Of School
The increasing demand for quality elementary education in India has led to the growth of pre-primary and primary schools. The primary schools help to take care of the young minds and prepare them to face the competitive world.
So, if you plan to set up an educational institution then, go for a primary school because investment in this recession-free sector is no doubt a wise decision.
Hence, to ensure the easy and simple functioning of your educational institution, keep in mind the steps mentioned below to get your school registered.
Setting up a school- First and foremost, form a society or a trust consisting of five or six members with a President, Chairperson, and a Secretary who will keep a check on its operations and get it registered under the Societies Registration Act,1860 or the Indian Trust Act,1882, respectively.
Opening up a school in India involves a lot of legal processes from the very starting. While forming a society or a trust, you should have a Memorandum of Association, a document required almost at every stage later.
Look For The Land – After the society is registered, the next step is to look for the land. The land could belong to the society/trust or could be purchased from the Government. So, ensure that you obtain the No Objection Certificate (NOC) signed and stamped by the Department of Education which shall verify the school requirements in that area.
There are two ways – first, society or trust has a land of its own. Second, the governing body decides to buy land for the suggested school. Buying land from the government needs permission in the form of an Essentiality Certificate from the Department of Education of the concerned state which verifies the requirement of a school in a particular area.
Forward It To Land Owing Agencies- Once you obtain the EC, forward it to the concerned land owing agencies like MCD or DDA for allotment of land for the establishment of the school. The EC comes with a condition that construction must begin within three years, failing which the society will have to reapply for the same. Even if a member on the board of a governing body has land that could be used for setting a school, a No Objection Certificate from the Department of Education telling the requirement of a school in that area is needed.
Start With The Construction Process- Once you get the NOC, submit it to the concerned land authorities of the area, following which you can start with the construction process of the school. The land is allotted to the governing body at subsidized rates which is usually allotted through auction.
Apply For Recognition- After the construction of the school building is finished, you will have to apply for its recognition. In the case of primary schools, the State government approves the recognition, issued by the municipality.
Once the construction is finished, school authorities need to apply for recognition from the concerned authority. For example, recognition up to fifth class is granted by the municipality, and for sixth to eighth grades, the Department of Education grants recognition. In addition to this, the DoE grants recognition for higher grades as well, but only after a minimum gap of 2 years.
Follow The Guidelines Of The Board – The school will need to follow the syllabus, books suggested by the affiliating board, and pay specified salaries to the teachers.
Further, you need to acquire certificates for hygiene, water, and completion of the building from the municipality as well. After that, you are free to seek affiliation from CBSE or ICSE Board which implies the school will have to follow the rules and regulations of the Board to which the affiliation is sought to. It means the school will have to follow the rules and regulations of the board it is getting affiliated to.
Keep The Details Of Land- In addition, you should keep the details of land and building, auditor’s statement, bank statements of the governing entity, and their members for future use. Also, make sure that you acquire consent for hygiene, water, and other basic amenities from the concerned authorities.
To shape your school for a greater future or to decide the kind of program for your new school, you need to understand the detailed affiliation process of all these education boards.
Points To Keep In Mind While Getting A School Affiliation
Before getting affiliation, schools have to keep the below-mentioned points in mind:
- Get your school recognized by the state education department. CBSE and NWAC accept applications from schools that have a previous recognition certificate of the state department where it is located.
- Get your school associated with either trust or society.
- Make sure you fulfill the physical infrastructure needs of your school. For example, CBSE advises the schools to have land within the range of 1.5 acres to 2 acres depending upon the type of school in terms of the classes taken. However, there is no minimum infrastructure needed in the case of NWAC affiliation. Infrastructure needs are evaluated on a case to case basis. They stress more on academic infrastructure.
- Make sure you hire experienced staff including an experienced principal with fixed salaries as per the state-level pay requirements. Complete architecture and the size of the building, classroom, and library must be approved by the government. Your school must have an Employee Provident Fund and ESIC requirements to be fulfilled.
The fulfillment of these conditions may take time from a couple of months to a year.
Important Documents And Licenses Needed
In India, a lot of legal processes come into the picture with regard to Opening a school. There should be a Memorandum of Association when the school trust or society is being formed. This document proves to be useful at all in the later stages. The owners also need to have a proper project report for their school.
The following details are considered as being important as well-
Name Of License
- Societies Recognition Act, 1860, a Registration Certificate of Society,
- Essentiality Certificate DoE,
- Certificate of Recognition MCD/ DoE,
- Certificate of Upgradation DoE,
- Certificate of Affiliation CBSE,
- Certificate of MCD MCD,
- Affidavit regarding the proper purchase of land and no violation of master plan in the land used,
- MCD/Development Authority of the Concerned State,
- Sanctioned Building Plan approved by MCD/DDA/ Site Plan of the Building,
- Building Fitness Certificate MCD,
- Health Certificate MCD,
- Water Testing Report from the water board of the particular state,
- Completion Certificate DDA,
- Duly approved Scheme of Management DoE,
- Land Use Permitted Certificate (in case of land taken on rent) by the Landlord.
Documents To Be Submitted
Alongside the application for the Essentiality Certificate a fee of Rs. 500/- and a set of documents are to be submitted which are as follows-
- Memorandum of Association,
- Regarding the relationship of society members an Affidavit is required,
- Copy of Reserve Fund for Rs. 2 lakhs from the bank,
- Regarding the proper operation of the school Affidavit is required from the management, as per Delhi School Education Rules, 1973,
- Undertaking regarding fees and other charges,
- Full details with List of members of the society,
- Details of land and building,
- Project report of the proposed school,
- Experience of members/society in the field of education,
- Scheme of Management,
- Documents related to ownership of land given to the school,
- Auditor’s statement of account(s),
- Staff statement as Performa,
- Other fund charges and Rates of fee,
- Enrollment of students
Though setting up a school is a smooth procedure and it is also a very profitable area to invest in but, if you find that establishing a school and getting it registered is not something that you want to go for then take up a school franchise
Shri Educare offers you the best franchise opportunities. Association with Shri Educare will ensure 100% support and expertise in establishing and registering the school. So, join the pioneers in the education fraternity and keep all your tension at bay.
Shri Educare offers the best education franchise to convert your dream of opening a school into reality.
Shri Educare provides the brand, the curriculum setup, and marketing strategy amongst other benefits. So, enter the recession-free education sector by getting associated with Shri Educare
THE ESSENTIAL GUIDE TO HAVE A BEST EDUCATION FRANCHISE
The education sector has a plethora of opportunities for new businesses all the time. But starting up a business from zero does not suit everyone. In such cases, an education franchise can be a great option. Franchising is all about getting the right to use a firm’s business model and brand for a period of time. The owner of the brand (the franchisor) legally gives the investor (the franchisee) the right to use the brand’s name through a contract. Therefore, it depends on the contract whether the new business is an exact copy or has some changes.
Why should you be a franchisor?
- Experienced management — Business owners don’t have that much time to train new staff. In school franchises, managers usually become owners. They will also take better care of functions, train their employees better, and invest in innovations.
- Smaller staff — Money spent on staff reduces as each franchise hires its own staff.
- Growing and profitable sectors — Franchises help the branches to grow faster. The company can become a market leader, outperform the competition, and make more profit.
Why should you be a franchisee?
- Reduced risk — The reputation of the franchise is already established. The franchisee does not have to convince customers as they are already aware of the brand and its reputation.
- Advertising — Any advertising put out by the franchiser is going to benefit you.
- Relationships — Relationships with vendors are usually already established. You can also get support from other franchisees and the franchiser.
- Training — In some cases, the franchiser will take over the duty of training the staff. This saves the time of the franchisee.
Points to keep in mind while establishing an education franchise
A business plan is the best way to establish your goals. Gather details and information, and research the market. Once you have the business plan, write down what you hope to achieve with your business. Examples can be:
- You want to establish 2 franchises in three years.
- You want to build a good customer-franchise relationship.
- You want to earn a certain amount of profit in five years.
You can then calculate your estimated investment and projected ROI. This business plan will not be only helpful but can help to convince the franchisor and banks of your dedication to the venture.
There are various sectors of industry to choose from. And here you have obviously chosen education. But even in this sector, there are various sub-sectors. You can even establish yourself in any of the following:
- Early Education (Daycare & Preschools)
- K-12 Education
- Higher Education
- Vocational Training
- Coaching & Tuitions
- Education Consultants
- Education Supplies
- Remote Education (Online & Distance)
Each sector will have its own set of prosperous franchises. You may pick your franchises based on your goals. Researching about their brand, profits of investing in that franchise, and other business aspects can also help you pick a few franchises to approach.
Make an offer
Once you have a few franchisors in mind, you may start to approach them to make an offer.
Documentation and contracts
The contract will have all the legal documents related to the franchise i.e the fees to be paid, the duty of the franchisee, etc. These documents will present as proof of your role as a franchisee.
Permissions and licensing
The necessary permissions and licenses need to be obtained. These include the licensing to use the franchisor’s brand name and branding, and also the licenses that, for example, allow your location to serve as an educational institute.
If your franchisor has a training program, you should go for it as it will turn out to be beneficial for you. In these, you typically learn the policies and business practices for the best school franchise. When it comes to your staff, your contract should have stated who is in charge of training the staff. If the franchiser is in charge, it would be best if the training is done before the opening of the franchise.
Even after you start a franchise, you must carefully check all the factors that make your business a success or a failure. Net profit, development, customer fulfillment, and other results can tell you where upgradations are needed. Making your business successful requires carefully going out of your comfort zone and interacting with your employees and customers, among other factors.
Every business should always have an exit plan. It is best to set a time period for your business, eg. 6 years, as a deadline. If, after that period, the business is still facing losses and cannot be upgraded, it is best to shut down your shop.
Education franchise worth your investment
The sheer variety of franchise ideas is nothing short of intimidating, however, you will be ready to start crossing a good chunk of them off your list straight off, now that you know exactly what you want. This helps not to look at specific brands, but first at particular types of businesses (retail, non-retail, or industrial for example). When you’re doing so, be sensible, not emotional. Driving to different houses and grooming hundreds of different brands may seem fun to you or not, but does it meet the criteria you’ve just established about your goals, skill sets, and risk tolerance? And even though you’re narrowing down options, don’t cross something off your list without thinking it through past your initial impressions. Once you’ve checked everything on your initial list, it’s a good idea to set a particular time limit to come up with some specific franchisors that are possibly good matches for you.
Franchises are an easier way to start your own business, but the benefits and advantages should be calculated beforehand. Education is a recession-proof sector. Once you have a customer, they are less likely to leave. It is an ideal place for the education franchise, with lots of opportunities and many franchise options. If you are looking for that middle path between being an entrepreneur and corporate buff, an education franchise might just be for you!
Shri Educare offers you the best franchise opportunities. Association with Shri Educare will ensure 100% support and expertise in establishing and registering the school. So, join the pioneers in the education industry and keep all your tension aside. Shri Educare offers the best education franchise to help you with opening a school with all the necessary help that they can provide. Shri Educare provides the brand, the curriculum setup, and the marketing strategy amongst other benefits. So, enter the recession-free education sector by getting associated with Shri Educare
Why You Should Choose Education Franchising For The Upcoming Decade
Partnering with the best education franchise, such as Shri Educare, is one of the most lucrative and fruitful business decisions you can take for the upcoming decade. From constant guidance and support to long term benefits an education franchise is one of the most practical and profitable business options out there. Read on to find out why it is the most relevant sector in the upcoming decade!
Embracing the new normal
In the times of a pandemic that has forced everyone to stay at home as a safety measure, and the looming threat and danger of a virus that is not going away anytime soon, the education sector is embracing the new normal. Recent developments show that these instances are here to say, and safety and distancing practices will be widely adopted. One of the key developments includes making remote education and digitization of education a norm.
Hence, the education sector is embracing the new normal, and if you’re thinking of setting up a business in the upcoming decade, education franchising is one of the best options to choose from. This is because this sector is actively adapting and overcoming the challenges posed by the pandemic and developing and progressing successfully.
The profitability of the education sector
A successful business is determined by its overall profitability and popularity, and how it stands out from the competition. While as a budding entrepreneur, you might be attracted to other sectors that promise attractive but short term growth, here’s why you should choose education franchising for long-term and sustainable growth.
1. Evergreen sector
It is no secret that education has been declared as a universal human right, which is why it is an evergreen sector. There is a need to impart education no matter what the circumstances are. Therefore, suitable infrastructure is being set up by governments as well as the private sector to facilitate this growing need for education. It is a sector that will always receive grants, concessions, and support from the government no matter what the political climate of the country is. Moreover, people want continuity in education, which means that they are willing to invest extensively in their child’s education.
2. Always in demand
Education has always been and will always be in demand. It has a constant and consistent universal demand. This is true especially in the case of India, where the population is growing and young. Be it a recession or a calamity, education is one of the most unaffected sectors by these factors and continues to persevere even in the face of adversities. A recent example is that of how education has emerged as one of the most important sectors in the time of Covid-19. Hence, when you set up your educational institute under a reputable franchise such as Shri Educare, you don’t have to look elsewhere for consumers.
Relevance of education
Education is undergoing major changes thanks to the adverse circumstances we as a species have been subjected to at the beginning of this decade. Moreover, technological advancements are also paving way for new and better ways of learning that are more efficient and convenient than traditional methods. Hence, education is one sector that will forever remain relevant, as learning never goes out of vogue!
1. Online education gaining traction
Ever since the advent of the coronavirus pandemic, it has become evident that online education is the future of education. Hence, when you partner with the best education franchise, such as Shri Educare, you ensure that your venture is up to date with the latest trends. Online education is here to stay, and due to the low infrastructural costs and investments, it makes entering the education franchising industry even easier for low-budget entrepreneurs.
2. Franchises help with technological advancements
One of the best advantages of partnering with a franchise when you’re making a debut in the education sector is the constant and extensive support that you receive from the franchisors. The best education franchises, such as Shri Educare, ensure that you have the latest technological advancements to keep up with the increasing digitization in the sector. They also have a good experience and help with the training and setting up of staff and infrastructure. Hence, your business always remains relevant and updated with the latest trends.
A business is only successful when it has long term benefits and is sustainable. Short term gains and profits seem tempting, but these ventures are often short-lived and cannot financially sustain you. Here are a few long-term benefits of partnering with the best education franchise, such as Shri Educare!
1. Potential for growth and expansion
Education franchising is a sector that has a huge potential for growth and expansion. This is because as you spend more years in the business, you earn enough to expand your branches and facilities. Since education always welcomes new institutions and the demand is consistent and ever-growing, you do not fall short of students who will attend these institutions. Moreover, when you choose Shri Educare, the best education franchise, you grow in numbers as well as in popularity with ease.
2. Profits and stable earning
Education is a stable sector and education franchising can guarantee you a consistent income no matter what the state of the market is. This is because people will educate their children even when the economy is in recession. Hence, due to the relevance and importance of education, it will always be one of the primary investments of people across all sectors. Partnering with the best education franchise such as Shri Educare can help you derive good profit margins and establish a stable earning system.
3. Limited work hours
If you’re an entrepreneur, you know that normal work hours do not generally apply to you. Often entrepreneurs overwork and overexert, which can be extremely taxing mentally and physically. However, when you partner with the best education franchise, such as Shri Educare, you can pursue your dream without being stressed out or burned out. This is because the nature of the education sector is such that the working hours are limited to school hours and weekends are often non-working. Hence, you don’t have to overexert yourself to successfully set up a business venture, we can help you out!
How to get the best education franchise
If you are thinking about setting up a good and quality education institute in your city, the best way to go about it is by partnering with a trusted and reputed education franchiser such as Shri Educare. Here’s how you can be a part of the best education franchise to kickstart your venture successfully!
1. Conduct market research
This is the most important step and you should not skip this because it gives you crucial and major insights into the market you are entering. Before choosing the best education franchise you want to partner with, make sure that you know about the education sector thoroughly. This includes conducting a comprehensive and detailed research about the history, trends, and demands of the market and consumers. Identify who your target audience is and how you can cater to their needs easily. Also, look into the various requirements needed to set up an educational institute even if you choose to do so by partnering with an established and successful franchise such as Shri Educare.
2. Raise funds and capital
Determining how much capital you need for your new venture in the education sector is the next step. You need to raise funds and money to ensure that you have enough for the initial costs and investments. When you partner with the best education franchise, such as Shri Educare, you get assistance in this step too, as they help you with easily procuring loans. This is because franchises are established and trusted by lenders and financial institutions more than individuals who are venturing into the sector alone.
3. Scout for the best education franchise
Once you have envisioned the ideal educational institute you want to set up, you need to scout for the best education franchise in the market. This requires extensive research about the different franchises available in your city. You should always choose an experienced and reputed education franchise such as Shri Educare. Shri Educare has been in the education sector for decades and has set up some of the top schools in the city. Moreover, the franchise model is cost-effective and also paves way for suitable and long-term profits on your investment. Always choose a franchiser who will assist you every step of the way, from choosing the location to set up the infrastructure, to help you with securing funding, and other steps.
4. Prepare a comprehensive plan
Once you have finalized the education franchise you want to partner with, you need to sit down with them and prepare a comprehensive and detailed plan for your project. The best education franchise will only be set up when you choose an experienced franchiser and utilize their inputs in the best way possible. Ensure that the plan you come up with is sustainable and viable in the long-run.
5. Decide on a suitable location for the institute
Location is one of the most important factors that determine whether you will end up with the benefits of partnering with the best education franchise, such as Shri Educare. Shri Educare helps you with choosing a viable location and even has a collection of pre-determined prime locations that are ideal for an educational institute. Ensure that you get all permits, leases, and NOCs before you begin the construction work.
6. Work with the franchiser for setting up the institute
It is important to note that once you partner with the best education franchise, such as Shri Educare, you will be working with them and involving them every step of the way. Once the construction work is over and the infrastructure is set up for your educational institute, your education franchiser will again step in and help you with the recruitment and training of suitable staff. The hiring process is crucial as the faculty and staff should connect and reflect the greater brand values and image of the franchiser. Moreover, being a part of the best education franchise, such as Shri Educare, comes with its set of benefits which include a smooth and effective hiring and training process for HR.
7. Seamlessly launch your institute under the franchise
Finally, when you have completed all of the above steps, you are ready to launch your institute under the best education franchise. The best education franchise will help you with the promotion and marketing of your institute. Experienced and reputed franchisers are well-known and popular in the market, and their hallmark of trust helps in attracting a wider and suitable audience for your institute, seamlessly.
A Handy Guide To Help You Select The Best Education Franchise
The education industry in India has undergone a major transformation in the past few decades. Technology has played an increasing role in the latest education sector with an aim to actively engage students in the learning process. If you are exploring opening a school in India, please read on.
When it comes to education sector opportunities in India, franchising is a viable option. Starting your own business from scratch not only involves hard work but also high investments and associated risks. Two factors – credibility and excellent quality are very important in the education sector and running a reputed franchise definitely seems a better option than starting a business from scratch. A franchise is an established credible institute that will provide you all the necessary guidelines and support, to begin with. One can successfully invest in early primary school or K-12 school franchises, however, there are possibilities of growth as well as risks like any other sector.
Opportunities in the early education and the K-12 sector
Early education – Preschool and SchoolSector are growing by leaps and bounds these days as parents are looking at providing the best education to their children. According to research, preschool education in India is currently valued at more than INR 25,000 crores. There are many franchises already opening in this sector and it is a high possibility that it will continue to be the most profitable sector for franchise business in the coming years.
K-12 sector – Kindergarten to high school is another growing sector. Research shows that the K-12 school market is expected to grow at a CAGR of 31.6% during the forecast period 2021 to 2026. There is a need for over lakhs of schools to be opened across India to cater to the growing student population of nearly 300 million.
Considering the given scenario, opening a preschool franchise or K-12 franchise in India seems like a highly profitable sector to explore.
Process of selecting the best education franchise business
Here are some points that will help you in the selection of the right and best education franchise business:
- Thorough research on the available school franchises
- Identify your target market and choose the franchise accordingly that suits your location
- Check for the team size and support from of the franchisor school
- Once you have made your potential list of school franchises for your target location, evaluate it based on the experience of school management. Here comes the role of an expert who can help you guide based upon their expertise in this area
- Choose a brand name that is easily recognizable and has been in the market for a good number of years
- Check the numerous franchise opportunity provided by the franchisor
- Before making any investment or finalizing the franchise agreement, check the school curriculum, staff management framework, teacher recruitment and training provided
- Lastly, look for franchise schools with the best support in curriculum, pedagogy and technology. A school franchise with the latest technology will lead to a profitable business in the coming years as the education sector in India has hugely benefited from the use of technology of late.
Opening a school in India is not as easy as it may seem. You need to do thorough research, check, and recheck on your part as not all franchise brands offer a full package of end-to-end support. Most importantly, while selecting any school franchise, do check if they are providing any additional help for management such as IT support, support and guidance in infra and compliances, training, curriculum & more.
Why should you open a franchise school
If you are wondering why at all should you open a franchise school, we have got you covered. The franchise business is a proven track record of the success of the franchisor. Opting for a school franchise means you will get all the help and support from the franchisor brand thus reducing your workload to start and build everything from scratch. Moreover, it is a great way to contribute to a significant change in the education scenario of India as well.
With the business opportunities in the education field expanding, there are many best education franchise opportunities available for entrepreneurs who are looking to start a business of their own. Undoubtedly, the education sector is the fastest-growing sector and with a great number of opportunities, one can dig deep to start an education franchise in India. If you are confused and tired of searching for that perfect opportunity fret not. We at Shri Educare are just a call away from helping you set up your dream school with the best education franchise support India.