Getting a school franchise is an obvious choice for edupreneur. It is an arrangement where the franchisor grants the franchisee the right to utilize its brand name to set up a quality school at a location which is as per the norms and requirements and is approved by the franchisor. The Franchisor then supports the franchisee in various arenas like infrastructure, school design & interiors, recruitment of teaching staff, teacher training, curriculum, marketing and budgeting, soft launch and pre-launch, IT, safety and security, policies and the academic support.
A School Franchise in India offers you a readymade and proven system with the necessary compliance and policies which guide an investor to set up a quality school and ultimately draws the better results than the independently set up schools.
The set of School Franchise Opportunities are in abundance, wherein the vision, mission, goal & objectives of the proven school with quality standards are driven and regulated by the top management; which means that by joining a School franchise, you pick the proven "leader" to guide your institution to run efficiently and effectively.
The other factor which is related with the Franchise of schools in India, is the 'value for money', wherein a certain percentage as a royalty fee is charged but creates ROI model for your venture in no time, as it is already a brand, which has proven its success and has the brand awareness and recall for the parents and consumers to a great extent.
One cannot deny the fact that school franchises are generally very successful in terms of gaining experience and knowledge and to work with a renowned brand as well. So if you wish to explore in the world of franchising and earn a better income, then you should consider buying a School Franchise as it could turn out to be beneficial for you.
Here is why a Franchise for School is the best business to own.
Whatever may happen in the world, schools and academic institutions will always be there to provide education to the students. This tells us that the School Franchises will not see a downfall unless you stop working hard and do not provide your best to the students.
There is a growing demand for educational institutions in the market. Because of this growing demand, edupreneurs are going for an associate with big Franchise Brands in the market and to achieve success in the industry. In this way, the Franchise in School provides many opportunities for aspiring edupreneurs.
With a bundle of opportunities in this sector, you can choose any big brand to start off with and it will be beneficial for you. If one does not work out for you then you can choose another brand.
So here are 7 advantages of investing in School Franchise Business :
After you invest in very running business, it gets very useful for you because it offers you confidence and assurance. When you invest in an established Franchise, it gets very beneficial for you as well, as it involves a lot of hard work and some instructions given by the franchise. This business also provides support to its associates as well.
Another important advantage of a franchise business can be that it involves recognition with a trusted and very reputed brand. Not only this, they all get nationwide acknowledgment as well.
You receive continuous training and you get all the support from their corporate office. Franchises also get all-time support from their franchisor in terms of everything like setting up their business, supplies, marketing, and publicity, recruitment, etc.
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. Buying an existing franchise can cut out most of your hard work but that doesn’t mean you don’t have to do anything. You still have to do your part to maintain that reputation of the brand.
So if you buy a franchise that is already there in the business for a long time then the image and brand awareness is already recognized. We all know that customers are much more comfortable with School Franchise they are familiar with and they have already trust.
Buying a franchise is very different from starting a business from scratch. If you invest in an established franchise and if you follow the system that the franchisor asks you to follow, then you should be on your way to running a successful business. And since there is already an established business in place, there is a higher chance of success.
In a way, buying a franchise can make things a lot easier for you because there are a lot of entrepreneurs who have a lot of doubt in them while starting a business just because they are scared of starting it up from scratch. This is because there is much to be decided upon before you even think of starting an independent business and this is how getting a School Franchise of your own can help you.
Franchising is the process where an established brand allows another investor to use that brand’s name to conduct its operations. Franchising is a very useful model of business growth and offers an opportunity for aspiring investors to start a business with minimum investment and the least risk included. In India, there are various franchise opportunities in the education sector.
A basic definition of the word Franchise, minus all its technicalities, would be as following, the term franchise refers to a way of business where an already existing brand in the market offers to extend his name & reputation to new investors who are willing to extend financial support to the brand.
They work under the guidance of the brand as the addition of the brand, thus helping them to expand their network and reach out to a wider audience. While the above definition gives us a basic idea of what the word literally means, Franchise also refers to a model of business.
However, education is a growing sector that remains unaffected by the changes in the economic cycle. Hence, it is known as the recession-free industry. Moreover, school franchising In India has gained a lot of significance. The reason behind an expansion in this sector is the need for standardized educational institutes that offer quality education.
Rewinding The Clock
Entrepreneurship is basically an open market concept whereby private investors have been given way by the government to invest in the market. It is a result of the concept of privatization. Strictly restricting our focus to India, the market was hugely the domain of the government & everything was covered by the public sector companies working in the name of the government.
This model of the economy was in sync with the socialist idea of India that Jawaharlal Nehru had considered & later governments had adopted. However, as globalization & with it privatization thumped on India’s door, India opened its door for them in the final decade of the 20th century.
Subsequently, as privatization took hold of the market & government took a back seat a lot of new investors arrived on the scene to do business. It involved several small & big investors with various ideas to do business. This whole change from public to private gave rise to a lot of entrepreneurs and continues to do so as creative ideas & talent form the bedrock of an open market.
Franchise: An Idea In Itself
Going by the introduction of the two terms given above i.e Franchise & entrepreneurship, a certain differentiation becomes clear. An entrepreneur starts from zero while a franchise owner builds on the reputation of an already existing brand. This is one of the major differences that demand the need for separate definitions for the two terms.
There are, however, 2 ways of looking at it. First is clearly by looking at the two terms distinctly and differentiating between the two models. The definition of the term entrepreneur provided on any website says that an entrepreneur is a person “who sets up a business taking on the financial risks in the hope of the profit”. Thus, a person would argue that building from zero in essential to qualify as an entrepreneur.
However, another view of looking at it is the one that is much larger in the application. There cannot be any distinction between the two terms as one falls under the reach of the second, i.e. franchise is a way of business that an entrepreneur starts at their own cost. This side would argue that an existing renowned brand does not make any difference as at the crux of entrepreneurship is the appreciation of ideas.
Franchise in itself is an idea; a way of working developed by someone. Thus, a franchise owner is as much an entrepreneur as anyone else is. Such a view balances the two terms & resolves any distinctions there might be.
With this general overview of Entrepreneurship & franchise business in the mind, we now look at how it has played a role in the education sector in particular. As globalization hit the market, a natural change of it was felt by the education sector as well. Education, which was hitherto the domain of government, came to be privatized and various key players participated in it to raise standards of education worldwide.
Undoubtedly, there are more advantages to taking a school franchise in India rather than starting an independent business. With this privatization of education, the concept of franchise business gained ground, especially in the education sector. Various big names felt the need to reach out to a bigger pool of society & thus the idea of franchise established.
Credibility & quality are key factors in the field of education, and running a franchise certainly seemed to be a better option than beginning from zero. There are several other benefits of School Franchise which are as follows:
The first big & clear benefit of opting for a franchisee is the brand name that comes with it. As stated above the credibility of an educational institution is the most important element while opting for it. Thus, a franchise for school of a trusted franchisor certainly makes things easier to start with. Working under the name of a reputed brand will fetch you benefits in the form of easy acceptability and long-term profits.
As compared to other business ventures, the school franchise business will suffer less financial risk. Moreover, a connection with a reputed brand name will reduce the initial setup, promotional and administrative costs. This will further make sure higher profit margins to the franchisee.
Franchising benefits the franchisee with a proven and accepted code of conduct and with a successful functional track record that the franchisor holds. Again, there is low risk involved as the systems and process is tried and tested.
Apart from the above benefits, the franchisor helps the franchisee to develop the curriculum and design the program content as well.
Further, the franchising will benefit the franchisee with continued training and support. With the assistance and support rendered by the franchisor, the school franchisee will become competent enough to conduct its own set of functions.
The quality of the teaching staff is another crucial factor in opting for any educational institution. An already existing educational institute is definitely bound to have a good number of teachers & bound to have the best talent, which a new institute might fail to have. This is not only because of the reliability of the institutions but also because of the financial ability it has over any new institute.
Financing & contacts are other benefits that a franchisee enjoys. Any new business usually requires a bank’s support for financial purposes. With a well placed educational institute supporting you, your chances become brighter & the process becomes smoother.
In today’s world, a lot of reliance is placed on technology & research in all the educational sectors. Technological advancements in the field of education have taken center stage & constant improvements are being made through deep research. Achieving such a standard might be difficult for any new institution, as a result of which it might lack behind others.
Franchise business also offers purchasing efficiencies through economies of scale. The required products like books, uniforms, etc. are provided either by the franchisor or by trusted suppliers also enables Franchisees to take advantage of bulk discounts.
This is the biggest benefit that a Franchise-based model offers to investors. Whether it’s a Preschool or any other franchise, from the very first day to the last day of setting up the business the brand usually offers complete support and guidance. Features like curriculum planning, infrastructure requirements, marketing, teacher training, and other key factors, the brand includes this assistance that is required to make a School Franchise business successful. A Franchise-based model reduces the amount of risk and mistakes unlike any independent business that the business associates can commit.
If you have a land that is unused and you are willing to generate a good amount of revenue from it, then going for a Franchise for School could well be the best solution for you. So, it’s time to put that land to good use judicially in order to establish or obtain a School Franchise.
The initial investment while establishing a Franchise for School usually depends upon the popularity of the brand. Though reaching the break-point requires time as any other franchise segment, the chances of suffering a loss are minimal.
School franchisees get an already established business setup for the school franchise business. This means that they get the know-how, the best practices, the brand reputation, the rules and regulations about management and staff, and also the benefits model and business plan for the business.
Franchisees get business support, already established demand, and higher chances of success. Franchisors provide a lot of support to franchisees throughout the procedure of starting the school and the day to day charge of the school.
There are many benefits of the school franchise business in India for both franchisors and franchisees, making it a great opportunity for people looking to work in the school franchise business in India.
Apart from benefits to the franchisor and franchisee, school franchises also prove advantageous for the people. The Indian school education domain has seen growth in the last few years because of the booming School Franchise Business.
So, these are a few prominent benefits that a franchisee can gain after taking up a school franchise in India. Therefore, owning a school franchise is surely a beneficial and a profitable idea.
Shri Educare offers assistance and helps all the expected investors in terms of personalized support, training, and competent professional, and technical expertise.
Shri Educare is synonymous with excellence and association with this brand will reap your profits in years to come.
The education sector is on the rise in India and it provides possible business opportunities for people who are willing to enter the world of business. Moreover, having the world’s largest youth population, who are eager to get quality education, the chances for success in this field are far better than any other business. There are a lot of benefits of having a school franchise in India.
Education-based businesses are the foundation of a better tomorrow. It's a privilege to own and run a business in the educational industry. It's the only industry contributing to the development of the future. In recent years, there has been a dramatic increase in the number of entrepreneurs who have entered the education sector. The reason is simple that parents always seek quality education for their children & the investment in education never drops. Education has become a diverse field with the introduction of new curriculums based on experiential learning and early age education. This has led to the growth of institutions around the country to provide education that can improve the child’s academic performance.
When it comes to ideal business opportunity, franchise for school wins over other industries tremendously. One can imagine that the market of every industry can witness a downfall including automobiles, consumer goods, electronics, but education which is an essential aspect of development and growth cannot see a downfall.
Building a business from zero & having a school franchise both have their pros & cons. However, to start a new business requires huge capital & resources, understanding of the market, and tremendous efforts to convert it into an established and recognized brand. With a school franchise system, one can easily save yourself from such a heavy burden. So here are a few benefits of having a school franchise in India to make your business dream possible.
By going through the school franchise route, you furthermore might save from the efforts of setting up a curriculum. A good brand will provide you a proven teaching method and offer the necessary training & support to enhance your competency. Their ongoing help will reduce costs & double your profits in no time. To bring your franchise dreams to reality, join hands with Shri Educare and kick start your business journey today!
Shri Educare offers these benefits for motivated entrepreneurs with business experience, a college degree, and an enthusiasm for education. They offer school franchise opportunities in India to those who want to be part of their successful team. It is their mission to build not only successful students but also better teachers and successful owners. They offer the full support you need to reach your personal and financial goals while making a positive impact on the children in your community.
The main aspects of the field of education are Quality & Credibility. So instead of starting it all from the scratch, going for a franchise is a much safer option. We all know that a Franchise that has already been there in business for so long makes things easier to start your business and it also boosts up your confidence by giving you ample resources and technical support. It will additionally assist you to realize your business goals and objectives.
You should do thorough research before buying a Franchise as it’s the key factor. You should find information about franchise opportunities in your location. Also, you should collect information about them.
Now evaluate individual franchise companies and select one from one of them, which you think is the most suitable according to your requirements. Try to choose the companies that have franchises available in your desired location.
Franchisors have a set of qualification requirements to ensure that all the franchisees are eligible in terms of financing and professional experience.
When all the analysis is finished, you have to select 1 or 2 industry categories among the franchises. Within each category, pick one to three franchisees and send them requests for information required. They will revert you back within a week with all the necessary information.
Now the franchisor is going to provide a franchise disclosure document (FDD), which contains all the important information regarding the franchise.
The best way to get information about any franchise is to contact the existing franchise. This is the best way to get information about them as a franchisee and evaluate how well a franchisor supports them.
If you’re on the brink of entering a business, it is very important to satisfy those who are going to be supporting you to run your business successfully. You’ll be able to get any of your final queries answered, however also they will be evaluating you as a possible franchise.
A 14 day disclosure period is also provided, in addition to the disclosure document. A franchise agreement cannot be signed within this time span. This necessary period offers franchisees the prospect to analyze, review disclosed materials, and make a well-informed decision about whether or not they should or not be a part of that franchise.