Quality education enables people to explore superior future prospects and ultimately grow up to be productive and positive members of the society. Other than transforming lives, the domain of education also provides profitable business opportunities to different entrepreneurs. Due to the high importance of education, demand for the services related to it is ideally consistent. Moreover, as the education industry is typically not affected by inflation, it is one of the most stable and secure domains to invest in. The preschool business in particular would be an ideal sphere for entrepreneurs to venture into, as there are simpler regulatory requirements involved in its set-up in comparison to the set-up of a typical secondary or higher-secondary education facility. Moreover, the preschool market in India is expected to achieve a CAGR of around 22% by 2020, underlining the bright prospects present in this industry for interested entrepreneurs.
The growing popularity of preschool franchise business model education can be majorly attributed to the growing consciousness among modern parents about the importance of the development of early learning habits among children. Preschools, Montessori and nursery schools now account for a major chunk of the education business in the nation.
Opening up a preschool through the franchising system
While starting a preschool can be quite a lucrative business to venture into, starting such educational units independently can prove to be extremely overwhelming and cumbersome for entrepreneurs. This is especially true for budding entrepreneurs lacking experience in the industry of education, as there are numerous aspects involved in the set-up and running of a pre-school. People starting preschools independently have to bear the burden of managing all these aspects on their own. Therefore, it is highly recommended that people interested in venturing into the preschool industry, do so in association with one of the reputed nursery school franchises in India instead.
Franchising is an extremely popular business model followed across the globe and throughout multiple industries, including education. As per 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 their distinct business framework and model. This innovative business model allows inexperienced entrepreneurs to enjoy the advantages of sharing the goodwill, experience, knowledge, and brand of the franchisor.
Preschool franchising brands ideally provide their preschool franchise business model with specialized guidance and mentoring in order to make sure that their venture runs in a smooth fashion. The mentorship of the best preschool franchise business model in India extends to the diverse aspects involved in the setup and operations of a preschool, such as teacher’s training, marketing, curriculum planning, infrastructure and interior designing, and so on.
On buying a pre-school franchise and partnering with a well-established and renowned education brand, entrepreneurs would additionally get the benefit of sharing their brand name and the goodwill associated with it. Majority of the parents place their trust on brands which are popular in the industry, and hence they admit their children into educational institutions that have a proven track record in the domain. As a result, even new schools under the franchise business model get a fair number of student enrollments right from the very first academic session.
There are numerous well-established and reputed education brands in India that offer preschool franchising opportunities. Conditions ideally prescribed for starting a preschool unit through them include:
- • Investment of a definite amount
- • Possession of land having a certain length and breadth
- • Time and efforts to be dedicated to set up and run the preschool
Entrepreneurs looking to buy a preschool franchise business model can always contact renowned education brands offering franchising opportunities to know more about this system and get a better insight on how to get started.