School industry is one such business which is mushrooming in India at a sky rocketed rate. As estimated by KPMG India, the franchise industry business in India is awaited to be a USD 50 billion by 2017. With the booming industry, we expected great expectation of job opportunities as well, which are to be estimated around 11 million people by 2017.
If you want to take advantage of the current scenario this very moment is the right time to bang on the situation. First, you need to understand the categories of the school offered. They are-
- Single standalone play school
- COCO i.e. play school brand with a handful of company owned and company operated center
- National & international play school franchise chains.
Then you have to understand the model of the franchise, which is a practice of leasing for a prescribed time, the right to use a firm’s business model and brand. The most important part before going for a franchise is to access yourself and capabilities, because resource and capital plays an important part in sustaining the business for long.
Assess Your Recourses And Budget
School franchise in India is certainly not a child play. Analyzing the resources plays a very crucial role at every step that will include these fine details about the application process, capital, manpower, location Renaissance, royalty and much more things. There is a complete list, which needs to be looked into before going for a franchise-
- Finance required
- Selection of the site
- Approval of the site
- Sign MoU
- School infrastructure
- Franchise agreement
- Pre-launch preparation and plans
- Post-launch preparation and plans
- Royalty
If you still have confusions about the task, you need not to worry about is there are solutions available to guide at every step. Schools consultancy services provides start-up assistance pre and post operation of the school. They help in recourse planning as well studying the market feasibility of the project.
If you consider the advantages and limitations of the franchise and the returns, it is advisable for you to work from now only in order to get the things well settled.
Shri Educare Limited 