STEAM Conclave organized by Shri Educare Limited

  Young entrepreneurs, these days, are investing more in the franchise model rather than creating a solo brand. From the food beverages industry to retail sectors, the franchise model has seen gaining much popularity. The education sector is also not lagging behind. India is a state where we have witnessed major development in the education industry in the last five years and it will continue to grow as India has the biggest population of school-going children which continues to rise every passing year. Furthermore, education is a recession-free sector and has not seen any major economic downfall during any global crisis. Due to all these factors investing in the educational sector, especially at the school level is a wise decision. Around 30% of the total population in India are school going kids within the age group of 0-14 years making it one of the largest school-going populations in the world. Therefore people are naturally inclined toward investing either in a school model by sta

  Franchising is the process where a well known brand allows another prospective investor to use its brand name to conduct operations. Franchising is a certainly very useful mode of business expansion and offers a wide range of opportunities to aspiring investors to start a business with the least risk involved and minimum investment. In India, there are various business franchise opportunities in different sectors such as food & beverage, tourism, IT sector, retail, health care, and education sector. However, education is a flourishing sector that does not get affected by the changes in the economic cycle, which is why it is known as the recession-free sector. Further, in India school franchising has gained quite a lot of importance. The reason behind a boom in the education sector is the need for standardized educational institutes that offer quality education. There is no doubt that there are various benefits of taking a franchise rather than commencing an independent business.

  a. Make a plan Making an effective action plan starts with defining the end goal. Gather information and research the market. Write down what you hope to achieve with your business in the long run. Your business plan will convince the franchisor and banks of your commitment to the venture. b. Shortlist sub sectors in the education space As an eduprenerus, you can establish yourself in any of the following - Early education, K-12 education, higher education or as education consultants. c. Pick your franchisors based on your goal Researching about the brand and profits of investing in a particular franchise are some of the business aspects you should consider while shortlisting franchisors. d. Make an offer Once you have shortlisted a few franchisors, you may start to approach them and make an offer. e. Documentation Your legal documents will act as proof of your role as a franchisee. It will contain details like fees to be paid, the duty of the franchisee etc. f. L

Young entrepreneurs, these days, are investing more in the franchise model rather than creating a solo brand. From the food beverages industry to retail sectors, the franchise model has seen gaining much popularity. The education sector is also not lagging behind. India is a state where we have witnessed major development in the education industry in the last five years and it will continue to grow as India has the biggest population of school-going children which continues to rise every passing year. Furthermore, education is a recession-free sector and has not seen any major economic downfall during any global crisis. Due to all these factors investing in the educational sector, especially at the school level is a wise decision. Around 30% of the total population in India are school going kids within the age group of 0-14 years making it one of the largest school-going populations in the world. Therefore people are naturally inclined toward investing either in a school model by start