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- CBSE School Franchise: Is It Right for You?
- Challenges of Starting a CBSE Franchise and How to Overcome Them
- Exploring the Benefits of Starting a CBSE School Franchise in India: The Success Story of Satluj World School
How to Select a Successful School/Education Franchise Business?
The education industry, over the past few decades, has undergone a huge transformation. Technology has brought about a miraculous revolution in the latest education system. School classrooms are now slowly inching towards advanced education. A new generation of smart schools comprising of intelligent education systems aims to increase the capabilities of new generation students with the help of visualization, which plays a major role in understanding and learning.
When it comes to a successful franchise business in India, investing in the education sector is a smart option. You can successfully invest in a pre-school, primary school or K-12 (10+2) school franchise with guaranteed high returns. A successful franchise business can be effective only when it is recession-proof, and a school franchise can be the only option.
According to recent research, the play-school, pre-school and primary education industry itself in India is currently valued at more than USD 3.7 billion or INR 25,000 crores (Source: IndustryResearch. co), growing at a high CAGR of 23%. Moreover, the K-12 (10+2) school industry sits at roughly USD 100 billion or INR 7.7 lac crores, with a CAGR of nearly 20% (Source: VCCircle).
There’s a need of lacs of schools to be opened across the country if we have cater to the growing student population of roughly 300 million.
So, opening a pre-school franchise or a K-12 (10+2) school franchise in India is a highly profitable endeavour.
In the current economic conditions of the country, when it comes to successful franchise businesses one can invest in without risks, a school franchise opportunity is the best and most reliable option.
Opening a school franchise is a really good way to bring about a marked change in the education sector of India as well.
If you are wondering “Why open a franchise school?”, then the answer is simple: a proven model and track record of success of the franchisor.
It will take a lot of time to establish a completely new brand and have people trust it. But, an already established legacy school franchise will give you the head-start that you need.
Besides, opting for a franchise school means that you will get all the necessary help and guidelines from the franchisor brand itself.
Here are some pointers that can help you in the process of selecting the right, successful school franchise business for yourself:
• Research on the available school franchises in the country.
• There are innumerable school franchise options available, and you need to choose the one that suits your target market and offers the best support for franchisees. Also, the franchisor school should be financially sound and not entirely dependent on the royalties from franchisee schools. Preferably, they be running fully-owned schools as well.
• Once you have made your list, check the span and experience of the management of the schools. An experienced team will help you succeed as you can bank upon their expertise.
• Always select a school group that has been in the market for a considerable span of time. Such a school will have a reputation and will be easily recognisable.
• An unrecognisable brand name would not be of any benefit to you. Remember. people will have a tendency to choose names that they have known for years. So, go for a legacy school brand that has been up and running for at least a few decades.
• It is important that you gauge the quality of the franchise opportunity provided by the franchisor.
• A thorough research about the franchise brand will help you reach the optimum results. Visit the website of the school and find out about the programs and franchise support that they are offering.
• The best way to judge a curriculum of a school is to ask the parents and the students of the work dynamics there. Be completely assured before making an investment.
• Check out the staff management framework that the franchise schools incorporate into their system.
• Teacher recruitment is an integral procedure as they are ultimately responsible for the success of a school. So, consider the recruitment factors and training before signing the franchise agreement.
• The education sector has greatly benefitted from the use of technology. Hence, a school franchise with latest technology will definitely lead to a much profitable venture in the future. Look for best franchise schools with state-of-the-art technology usage.
Yes, this is probably the most crucial point. Opening a school is a tricky affair. Not all franchise brands offer a great support package. Most schools only provide normal support like staff training, site setup and marketing. Before selecting any school franchise, check whether they will provide additional help for management like staff recruitment, curriculum plans, IT support, architectural support, etc. This will automatically help you to maintain quality and ensure your school’s success.
Given that our first school was founded 44 years ago in 1976 in Chandigarh, India, we have launched a franchise model so that Edupreneurs can gain access to the successful ‘Satluj Way’ of imparting education.
For more information on how to open a Satluj World School Franchise or Little Satluj Pre-School Franchise, please visit https://satlujworldschool.org/open-a-satluj-school/
You can contact us on +91 7814502052/ 91 6283002970 or drop an e-mail to partner@satlujgroup.org.
Alternatively, fill in the Franchise Inquiry form here and our representative will contact you shortly: https://satlujworldschool.org/open-a-satluj-school/#Slide-form