The Indian education system is one of the best in the world. This sector accounts for more than 115 Billion US Dollars and is assessed to grow to 225 billion USD by 2025. The industry is enormous and you have ample business opportunities to explore in this field.
The education sector provides one of the highest job opportunities to people consisting of teaching, non-teaching, and support staff. Around 3 crore people are employed in this field.
The education industry is at its peak and Covid-19 has also been a boon to this sector by providing digital schooling to students. Investing in the education business is profitable in the long run because it has no adverse impact due to a pandemic or market fluctuations with no decrease in demand.
Demand for the education industry is
growing rapidly. What are the best education business ideas in India in 2023?
Below is the
list of the 5 best education business propositions in India for a favourable
future.
● Online teaching- Tutoring is one of the most profitable jobs in the field of education.
You need to be an expert in the particular subject so that your clients trust
you enough to mentor the children. The fees charged are also decided by you.
● Computer Training- In today’s technology-led world, everyone wants to be well-versed in
computers. A person wants to have a basic knowledge of computers because even
the banking and billing process has turned computerized.
Computer coachings are in high demand recently and you need
to have a space to start this business which is added to the investment. You
should remember that it is a profitable business in the long run.
● Play school franchises- Preschools have recently seen a great surge in their demands.
Parents are sending their kids to school at an early age to have holistic development
from the beginning. Investing in a reputed play school franchise is a business
idea with great returns in the long run.
● Thesis making- If you are proficient in academic
writing, you can help students with their thesis. Most of the students find it
monotonous and tiring, ready to pay to get it completed within a given time.
You can also open a thesis-making service store which is profitable in the long
run and you earn a satisfactory income.
● Educational app- You can create an educational app like e-dictionary, language learning,
or video learning education if you are a programmer. This has become one of
the necessities and educational apps are high in demand. Byjus is one of the
best educational apps which provides help to school students as well as prepare
students for competitive exams like NEET, CAT, IIT-JEE and IAS.
See more: Top 10 education franchise in India
What are the best education
franchises in India?
5 best
education franchises in India are:
● IBT Institute Pvt Ltd- It is a
premier coaching which prepares students for competitive exams. This has more
than 100 institutes across India.
Initial investment: INR 2-5 lakhs
Area required: 800 to 1,500 sq. ft.
● Twin Win Academy- It is a training
establishment that coaches students on life management, personality
development, career counselling, innovation, interview skills, and confidence
skills.
Initial investment: INR 2-5 lakhs
Area required: 300 to 1,000 sq. ft.
● Vedant International School- It is a
school to provide good education to students with the latest technology.
Initial investment: INR 2-5 lakhs
Area required: 1,000 to 1,500 sq. ft.
● Prerna Education Services- They
provide quality education to students and take out their best skills to work.
They make the students productive with their talents rather than letting them
go to waste. They are based on theoretical teaching.
Initial investment: INR 10-20 lakhs
Area required: 1,200 to 1,800 sq. ft.
● Junior Engineers: They provide more
than basic education on maths and science to kids. They use practical and
creative methods for the better future of kids with set skills of the 21st
century like problem-solving, curiosity, leadership, decision-making and
acceptance of failure, and entrepreneurship.
Initial investment: INR 10-15 lakhs
Area required: 750 to 1,000 sq. ft.
Significant Factors that have
impacted the growth of educational franchises in India.
India has
seen a significant surge in demand for educational franchises. Some of the
factors for the growth of educational franchises are:
1. High Success rate- School is a
necessity and cannot be cut off even during a recession. Demand for education
did not stop even during the pandemic and students opting for online tutoring.
2. Reputed brand name- By investing in
an established education franchise you already have a strong customer base.
Parents are ready to send their kids to school due to its credibility.
3. Franchisor’s support- You receive
full assistance from the franchisor to operate your school. They help you in
generating a school's curriculum and syllabus that is beneficial for the kids.
They also provide training and workshops to faculty members.
4. High-profit returns- You will receive
great profits and less financial risk if you get a licence from a renowned
brand. You also don’t need to pay for marketing as the brand is already
well-established.
5. Quality education- The franchisor
will ensure that you have qualified teachers who provide the best education to
students.
6. Trained administrative members- They
provide training to the administrative members so that the school operations
run smoothly and management is up to the mark.
According to
an article by The Times of India, the education franchise business is
particularly attracting businessmen due to the high demand for quality
education. According to research, there are around 26 crores students in Indian
schools and the figure is estimated to increase to 30 crores by 2030.
It further
states that although people think that running a school franchise has
limitations, it is not the case. You can easily get loans approved by the banks
because the education franchise has its balance sheet and investment
requirements prepared already. The franchisee also has the freedom to choose
their business partners, if any, along with other decisions for the school.
What is the top education franchise
in India?
Education
franchise is high in demand in India but furthermore, play school requirement
is increasing drastically. People are wanting to send their kids to school from
an early age for their overall development. Parents feel that children can
grasp and learn things quickly till the early age of 6 and their emotional and
physical development is finest at that age.
One of the
finest play schools in India is EuroKids. As per APN news, EuroKids is one of India’s popular
preschool franchises and has acquired several awards namely,
● Asia’s Most trusted Preschool Brand
2023
● Indo-Global Entrepreneurship Forum
2023
● Best Preschool Education in Asia
● Best Franchisor of the Year 2022
● Bengaluru’s best Preschool of the
Year 2022
EuroKids has
been recognised for its remarkable educational activities, dedication to
children’s education, business awareness and business franchise growth across
India.
EuroKids’
motto is ‘Child First, Safety First’ and they guarantee that they provide a
comfortable environment for the child to Learn, Play and Grow and inculcate
necessary life skills. EuroKids has inaugurated a progressive and knowledgeable
curriculum letting go of traditional teaching methods- EUNOIA.
They have
also introduced its HomeBuddy app that assists parents so that they can be a
part of their child’s learning experience. The app is a gold mine of content
that offers additional learning apart from the class work. The app features
Yoga kids and Eurofit videos, weekly learning plans, DIY activities,
worksheets, audio-visuals, Euromusic videos, Read Along stories, live classes
and parents corner.
K V S
Seshasai, CEO of the Pre-k division of lighthouse learning expressed his joy at
bagging so many awards.
He also
thanked the teachers, faculty members, franchise staff and everyone who worked
hard to ensure that the learning never stopped for the kids. He further added
that their motto ‘Child First’ has helped them to let go of the conventional
teaching methods and new creative ideas were brought about to make learning
fun.
What is an education franchise
business model?
An education franchise business model refers to an agreement signed by the franchisor and franchisee. Ambitious franchisees obtain the right function under the brand name of an established franchisor for running a quality school according to their rules and regulations.
Conclusion
An education
franchise business is one of the best options to invest in if you want to
follow your entrepreneurial dreams. It is better to take up a franchise rather
than start your own business as it decreases the risk of losses.
The demand
for educational franchises is high because it helps in shaping a better future
for children. The combination of evolving market demand for educational
franchises with verified business models of the franchise has led to its
successful outcome. You also don’t require a certificate in the educational
background to buy the franchise, you just need to have leadership and
managerial skills to succeed.
In the end, it is very important for you to do market research before buying an education franchise business and know which brand will benefit you in the long run.
