9 Advantages Of A Franchise In Education Sector

1. 9 Advantages Of A Franchise In Education Sector Educating children is a noble service respected by society for its essential contribution towards nurturing the future of society. From the days of Gurukuls, where pupils sat learning under a banyan tree to the present day digital classrooms, education has gone through a sea of change over the centuries. All parents wish to provide the best education for their children. Today, India has a booming population of children due to which all public and private entities are focusing on children. Corporates, Non-governmental organizations such as trusts and the government itself is focused on improving education for children through policy, law, corporate social responsibility, and business. If you are interested in working with children for their education you can explore the vast opportunities for investment in the education sector. The education sector offers opportunities such as preschool to tuition classes that help children prepare for entrance examinations. The scale of investment and scope of earning wealth and name from it varies across different target segments. Based on your skill, knowledge, strengths, and interests, you can explore the opportunities in the www.frantastic.in 1

2. education sector. If you are not very confident, you can begin with a franchise in education. It is, in fact, a very good idea to invest in an educational franchise. One of the main advantages of this sector is that you have a wide range of options to choose from. Educational franchises range from preschool, school, classes for preparing children for entrance exams, classes for improving skills such as English speaking to computer classes. These are just a few of the requirements in the education sector. An educator will have to focus on his area of skill and expertise and also the scale of operations involved. There are a number of considerations which give franchise schools the edge over a single school. Training: Earlier, education at any level was seen mostly as receiving knowledge regarding a particular set of subjects. Now parents are very much aware of different pedagogies based on different curriculums. Extra-curricular activities that develop a child's overall personality, creativity, confidence and communication skills are considered to be an integral part of education. Sports, drama, and theatre, visual and performing arts such as instrumental music or Bharatnatyam are expected to be introduced early to a child in school. This requires a big pool of diverse talent and knowledge that has to be constantly brushed up to be kept up to date. Teaching staff requires frequent training and enhancing. Franchise schools do not have to worry about arranging for such training. Franchises develop resources for regular training and have the required infrastructure facilities required for training. Teachers themselves prefer working within a known model and are eager to work with a reputed name. Management of human resources is a significant aspect of the education sector that is addressed by franchises in education. Planning: The infrastructure required for education at all levels is huge. A good school is expected to have brightly lit, air-conditioned classrooms, swimming pools, digital classrooms, laboratories, playgrounds, cafeteria, etc. Educational franchises usually have an ideal model worked out for the requirements of a school. This www.frantastic.in 2

3. helps in establishing the infrastructure in a planned way rather than a haphazard manner. This eventually helps in the smooth functioning of a school and maintaining the project schedule. Vendor services: Franchises also have vendors lined up who can provide services such as transport, running cafeteria, book store, the supply of uniforms, library services or maintaining a swimming pool within the cost structure and quality standards. This reduces hassles for parents that are always happy to find one-stop solutions for products or services related to school. It is not very easy to bind vendors to provide quality services at reasonable rates but the scale of operations of franchise schools makes it possible to a large extent. It is a win-win situation for all stakeholders such as students, parents, school management, and vendors too. State of the art technology: Schools are pioneering the introduction of technology by introducing young minds to concepts such as self-learning through digital solutions, robotic camps, animation software, digital art, and artificial intelligence. All schools are focusing on the concept of STEAM learning and application. The administration of a school also relies a lot on technology such as the use of mobile applications for communication of important details to parents. The cost and expertise required in developing such customized technical applications and regular maintenance are often too much for a single school to bear. The cost for the same, naturally, goes down when the same is to be used in multiple numbers of schools. Curriculum: Curriculum development takes a lot of resources such as time, money and skill. Educational franchises invest in developing a curriculum by recruiting highly qualified and experienced professionals. These curriculums are regularly revised. www.frantastic.in 3

4. The efficiency of this curriculum has already been tested at other franchises and the pedagogy for instruction has been perfect too. This reduces the risk of lower results in a new school. Franchise schools keep evolving according to the changing trends in the education sector. Parents are also aware of these aspects and consider accordingly while deciding upon their ward's school. Certification: International schools with boards such as International Baccalaureate Diploma, Cambridge International Examinations and Indian Certificate for Secondary Examinations have very specific standards for schools that are to be met in order to be a certified school. The certification process is a lengthy and complicated one with specifications for infrastructure, teaching staff qualifications, teacher to student ratio, pedagogy, and curriculum. Experience and specialized knowledge are required to navigate the complicated process of certification. Naturally, a newly opened franchise school benefits directly from the management’s prior experience of such certification procedures. Exposure: Franchise schools have the sheer numbers to encourage interschool competitions, exchange programs, visiting lecturers, and field trips for specialized lessons. There is a provision for dedicated staff for such programs. Mobility: There was a time when schools in an area reflected by the local community. It no longer applies to Indian society. Even small children travel long distances to attend reputed schools because parents do not prefer to risk a child's future and spare no effort. This is where educational franchises have made a space for themselves. In an increasingly mobile world, parents are transferred from one location to another and school admissions are always an area of concern for them. School franchises give a very convenient option from easily moving from www.frantastic.in 4

5. one location to another without disturbing a child’s education too much. The curriculum and pedagogy in a franchise school remain the same all over a particular region and hence makes it easy for a child to shift to a new school. Marketing: A school may have all the facilities, excellent staff, and high standards of delivery but it is the students who make a good learning environment. Marketing at a national level helps schools to pull in students that best match their target markets. Parents are able to identify a brand and associate certain values with a school. www.frantastic.in 5

6. Make an in-depth study of the education sector and franchise opportunities available in it. Analyze the support services provided by each of them and the market targeted by them. A feasibility survey may be necessary for certain models that are intended for niche markets. From holistic education, alternative education to daycare schools catering to working parents, the value proposition of each is different. An educator has to ensure their own belief in the proposed education system before making a decision to invest in it. www.frantastic.in 6