When is the Right Time to Invest in Education Franchise Business?
India has one of the largest education systems in the world with more than 2 million schools with over 260 million students. Around 35.7 million students were enrolled in higher education in India in recent years. According to the report of Global Industry Analysts, the education industry is experiencing rapid growth and is on pace to become a $227.2 billion industry by 2022. India will have the largest domestic higher education market by 2025.
If you are planning to start a business in the education sector, now is the right time to do it. Opening a good, new school is a huge challenge. It is complicated under the best of circumstances. It involves business plans, construction, financing, logistics, innovative business ideas, and marketing – many tasks outside the experience of even veteran educators.
The Time to Invest
“There is no better time to invest in education mainly for 2 reasons – demand for quality education has never been higher and secondly there is a lot of focus on boosting this sector not just by the government but also private sector which has been very actively participating in this sector”, said Lina Ashar, Founder, Kangaroo Kids.
Starting your school will not only allow you to get involved with a business trend that is headed in the right direction but will also give you the chance to make a difference in the lives of children every day.
Education franchises provide important services that nurture a child's development. From pre-school business opportunities to a test preparation business, education franchises truly are a rewarding career move for anyone who has ever wanted to be their own boss.
The franchising model is working wonders with schools in the Indian education system. Condensed risk of business failure is the greatest benefit of a franchise system. This is due to the fact that a moral franchisor will have a verified, tried and proven education concept in the market. Therefore, most of the lines will have been smoothened out and the threats to the franchise owner are diminished.
Education is one of the most important and the growing sector in India that provides a whole lot of business opportunities for the people looking to enter the business world. There are various academies and institutes that are into great business and have introduced their branches all over the country. The concept of franchising has led to the development of the various sectors including the education sector.
Due to the high success rate, starting an education franchises business has become quite common these days.
Benefits of Franchising:
- The brand is already known in the market and has its one Brand Equity.
- The school as a ready model and it only needs to be replicated.
- The curriculum is ready and easily deployable.
- Complete support is given by the franchiser.
Lina Ashar said,”A few years back schools were dominated by the government fully or partly aided or the other option would be to get into convent schools. There were very few quality single property private schools that stood out but due to their limited presence were out of reach. But today there are various private schools that have taken the franchise route; they offer varied options to parent’s right from different boards to fee points to facilities to a holistic curriculum. Parents now prefer to send their children to private schools as these schools use the latest technology and have worked at upgrading the syllabus and teaching methodologies.”