With 1.4 million schools, India is making a name for itself in the international education sector. India’s educational system still has a lot of untapped potential.
The pros and cons of opening your own school versus a franchise are intensely debated. This conundrum can occasionally cause misunderstanding and prevent the construction of a quality school.
The purpose of this blog is to help you grasp the idea behind both so you can see what a whole bundle of both looks like.
Creating Your Own Educational Institution
The sense of launching a dream enterprise is enchanted; you are aware of the large number of possible schools, and you provide them with a powerful platform in addition to financial advantages. Establishing an independent school is akin to launching a whole new company. Numerous chances exist for people with different abilities and capabilities to begin joining. It’s a fantastic concept because the sector is recession-free. While the lengthy and difficult procedure deters edupreneurs from investing in schools, other profitable features motivate them to persevere, which has attracted many investors. Although there are numerous advantages to opening a school, keep in mind that there are also many obligations.
PROS
- Since it’s a one-time investment, it’s rewarding and profitable.
- There’s a promise of long-term profits.
- You get a feeling of fulfilment when you serve the community.
- It requires the least amount of paperwork as compared to other company endeavours.
CONS
- To prevent extra costs in the beginning, you must manage the budget, marketing, hiring, training, curriculum development, etc. yourself.
- The amount of admissions changes annually based on your reputation and level of popularity.
- There is fierce rivalry in this industry, not just from established businesses but also from up-and-coming ones.
- It takes a lot of effort and time to obtain clearance from different institutions.
Purchasing a School Franchise
Although owning a franchise can be a fulfilling personal adventure, there are challenges involved. Therefore, consider and evaluate the benefits and drawbacks of purchasing a school franchise.
PROS
- Having a well-known brand name lowers the start-up and marketing expenses.
- It’s less hazardous because you’re maintaining an established brand name.
- The syllabus has been created for you, and the curriculum is prepared.
- You receive initial training, continuous support, and continuing feedback to ensure the school continues to grow.
- By making use of the franchisor’s experience and knowledge, you as a franchisee reduce the risks involved with the trial-and-error methods sometimes used in solo endeavours.
CONS
- You must abide by the guidelines established by the overseeing educational establishment.
- You must pay royalties, franchise fees, training expenses, advertising expenses, and a licence fee each year.
- If a branch receives negative publicity, its brand may be damaged.
The advantages of operating a school franchise are strong, even if both independent schools and school franchises offer advantages. For prospective teachers and business owners entering the exciting profession of early childhood education, selecting a franchise can offer a strong foundation due to factors like brand awareness, a tested business plan, and continuing assistance.
Choosing the correct option for a prosperous and satisfying career in the education sector requires careful study and careful evaluation of one’s own objectives and values, just as in any other business decision. Thus, our team of academic specialists, designers, and business development team always aim to provide the finest in order to let you experience incredible progress. Get in touch with the Podar Smarter Schools team today and we will ensure that you receive training and guidance on all facets of launching a school.
Please fill out the form available on the website with your information, and one of our staff will contact you as soon as possible. Additionally, you can reach us at the following numbers:
- Maharashtra & Rest of India: 9930962227
- Karnataka: 7506932440 / 7517690970 / 9324763534
- Madhya Pradesh: 8976715408
- Gujarat: 9920369003 / 8425817555 / 8657950372