Starting an education franchise in India presents a unique blend of financial opportunities and social responsibility. Entrepreneurs in this sector earn and learn so much new every day – all while contributing significantly to shaping the future of coming generations. As India is on the verge of becoming the edtech capital of the world, the education sector is forecasted to reach $313 billion by fiscal year 2030. Let us explore the advantages that come with choosing to start an education franchise business in India, offering a meaningful and promising entrepreneurial journey.
Advantages of Owning an Education Franchise in India
Easier to Get Started
The very first advantage of opting for an education franchise is that it is very easy to get started. The official procedures and paperwork are streamlined making it a smart choice for the diverse range of professionals in society like doctors, retirees, teachers, retailers, etc. Also, the onboarding process from the franchisors’ side is swift and straightforward, making it an easily entered business sector in India.
Proven Business Model
One cannot deny the fact that the success of an educational franchise depends on the established business model set by the franchisor. Franchisees gain from a tried-and-tested operational system, developed by the franchisor through years of their experience with various ups and downs. This comprehensive approach is designed to spare franchisees from the obstacles encountered by the franchisor in their early stages, paving the way for franchisees to navigate a smoother path toward achieving positive business outcomes.
Huge Target Market
In a nation boasting a 25% share of the world’s school children population and housing the highest number of universities, the concept of tuition classes and schools with no enrolled students seems unlikely. The franchise business opportunity in the education sector holds immense market potential here in India, the world’s most populous country with a remarkable 93% of the population share being students. Considering the fact that education is an ongoing expense where students start from pre-school and can enroll till ph. D and more, this sector emerges as a powerhouse with substantial room for growth.
High Success Rate
When it comes to venturing into the education sector through a franchise, success is not just a possibility but a highly probable outcome. The combination of a proven business model with a vast target market contributes significantly to the remarkable success rate in this sector. How successful? Well, most business models in this sector become profitable within 1 to 3 years of commencement. Notably, there are rarely any examples of debt or bankruptcy. In fact, it is a sector where companies becoming the world’s highest-valued edtech company and the highest-valued unicorn in India cannot be overlooked. With over a 90% likelihood of success, opting for an education franchise presents promising prospects.
Government Backed Initiatives
Entrepreneurs in the education sector have the advantage of leveraging numerous government-backed initiatives. In India, entrepreneurs in this sector can access support such as low-interest loans and tax exemptions from the government. Recognizing the fundamental role of education in national development, governments worldwide, including India, have dedicated the Ministry of Education to address the diverse needs of the education sector. Seizing these opportunities allows education franchise owners to contribute to the nation’s growth while benefiting from supportive governmental measures.
In summary, venturing into the education sector through a franchise offers a multitude of benefits. From coaching classes to skill development centers to overseas education consultancy, the opportunities within the education sector are vast. With the increasing demand for quality higher education, becoming an education recruiter stands out as a booming business option. How? by promising a return on investment of up to 40%. For those desiring a franchise in the study abroad overseas consultancy, thorough research is essential to choose a partner that provides maximum benefits and growth potential.