The education industry in India is one of the largest in the world. The education sector of the country encompasses an extensive network of many thousands of preschools, schools and higher educational institutions. As per a report published by the renowned and reliable CARE ratings, the overall market size of the diverse segments coming under the education domain in India is expected to grow significantly in the next three years at a compounded annual growth rate of 11% to 20%.
With the increasing consciousness among modern day parents about the need of quality education and the all-round development of children, there has been a great surge in the popularity of the system of pre-school education in the country. Over the last decade, the preschool industry in India has witnessed exceptional growth and it now accounts for a major chunk of the education industry in the country.
Setting up a preschool in the country
The popularity of preschool education is on a constant rise in the country and hence setting up such educational units can be an extremely profitable business venture for aspiring entrepreneurs. Due to the simpler infrastructure and regulatory framework involved in preschool setup in comparison to other educational institutions, this segment has witnessed a rapid growth, especially in the Tier 3 and 4 cities. There are many preschool franchises in Haryana, Bihar, Uttar Pradesh and other developing parts of the country that are doing extremely well and positively contributing to the development of the nation.
Starting a preschool independently right from scratch can however can be extremely cumbersome and overwhelming for individuals lacking experience in the education industry. There are a number of aspects involved in a schools in gurgaon setup and its operations, and while establishing such educational units independently, the entrepreneurs have to bear the responsibility of taking care of each those elements on their own. Hence, it is highly recommended that people interested in venturing into the preschool industry, setup their business through franchising system instead.
The term franchising basically refers to a popular variant of a business model that is followed in several industries. In this system, the franchisor (business brand) grants the franchisee (new entrepreneurs aiming to start a business) the license to own and operate an organization that is based on the business framework and model of the franchisor. By opting to open up a preschool in association of the best nursery school franchises in India, inexperienced entrepreneurs can avail the benefits of sharing the experience, knowledge, goodwill and brand image shared by the franchisor.
There are many well-established and highly reputed education brands in India that offer preschool franchising opportunities. Conditions ideally prescribed for starting a play school through the franchising system typically include the following elements:
✓ Investment of a definite amount
✓ Possession of property where the school can be started
✓ Time and efforts to be dedicated to set up and run the preschool
Preschool franchising brands usually provide specialized guidance and mentoring to their franchisees so as to ensure that their venture runs smoothly. Their mentorship typically extends to the diverse aspects involved in the setup and operations of a preschool, including its infrastructure and interior designing, teacher’s training, curriculum planning, marketing and so on.
Moreover, by starting a preschool in association with any renowned and well-established education brand, the entrepreneurs would invariably enjoy their brand name. Majority of the people tend to place their trust on brand names which are popular in the industry and have a good reputation for providing premium services. Hence through the franchising system, entrepreneurs would get to attract much more number of students, as right from the very first day they get to present themselves as part of a reputed education brand.
People can check out the websites of the best nursery school franchises in India in order open their own preschool and enjoy the benefits of a lucrative business venture.