Education in India is still an unripe fruit in most parts of the country, and the ideology to start a school franchise is one of the noblest business decisions that anyone can make. India, despite a well-developing country, needs a little push in the education sector. For that push, the Government needs the help of minimal profit institutions for injecting advanced education into the minds of the masses. This is not an easy task but it can be made easy by seeking help from a school consultant in India. Below given are the 7 points that one should keep in mind while opening a school in India:
- Knowing the Capital: You should be careful in making a thorough research on the capital you need to contribute from your side for the school franchise It is more important especially during the risk management criteria. Moreover, the geographical niche also plays a greater role in capital investment.
- Administration and Leadership: After capital management, the most important criteria to be inspected are the administration and the management areas. Proper recruitment of qualified staff at different levels of administration and management is the prime criterion. Also, the franchisor partnership in the administration sector needed to be analysed as they should have balanced participation in those activities. Also, the staff at top management levels like the Principal and Correspondent needed to be well experienced either at national or international schools would be added advantage.
- Risk Maintenance and Management: Every business involves certain risks and so they are in this business as well. Risk may come from either sector; starting from capital management, recruiting staff and maintenance to the management sector etc. It is more important to tackle the risk efficiently and run the institution successfully. For such things to happen there should be a proper plan between the franchisor and the franchisee to avoid last-minute misunderstandings and imbalances. So, before signing the final deal, an official meeting involving risk assessment and administration should be discussed and mutually understood to avoid future misunderstandings.
- Physical Structuring and Designing: After making a stronghold decision in administrative structuring, it is time to design your school physically. Yes, the infrastructure plays a vital role in taking your institution to greater heights. School design gives the first impression to the parents as it is the features and facilities which attract them more than the education itself. Playground, classroom facilities, educational methods, etc. should be out of the box and should be lively enough for the children to enjoy the school days.
- Technologically Sound: It is about the unique education system where the educational institutions stand out from the normal schools in India. Education should be technology induced to shoot the concepts easily into the students’ mind rather than the traditional way of the board- pupil method. Recently, the Xseed method of education inspired by the Norwegian method is one of the advanced educational methods in the world. This will not only improve the education sector but also brings more profit in School business.
- Up gradation: Your school should be always open to up gradation to stand in the competition against many developed and developing institutions and the franchisor should be flexible enough to go by your moves.
- Transparency: This is one of the most essential yet crucial factors to be considered while buying a school franchise in India. Transparency between a franchisor and franchisee decides the growth of the institution.
Shri Educare helps you in identifying the best school franchise in India so that you can earn some considerable profit in the education business.