Education franchises provide services that nurture a child’s development. From pre-school to vocational training institutes, education franchise business is truly a valuable career move for anyone who always wanted to be their own boss.
Indian education is considered as one of the major areas of investments as the education system of India is undergoing a change. Therefore, education sector in India is providing huge business opportunities to those who are keen to invest. Additionally, in the last few years, there has been a significant increase in the market share of the education industry; one of the reasons why there is a rise in the investors entering the sector and exploring its enormous opportunities.
Furthermore, the education system in India is categorized into formal and informal sector. The formal education sector has a dominant share in the Indian education market as compared to the informal sector. Let us elaborate a bit more!
1) Formal Education Sector comprises of
K-12 Schools: The K-12 education is the term used to denote the education bestowed in the primary and secondary phases of a child’s school life. This includes a child’s education from kindergarten till the 12th grade. The concept is gaining its importance in India with the government’s new educational scheme – free compulsory primary education throughout the country. K-12 schools are governed by schooling boards such as the State Boards, ICSE, CBSE, IB, etc.
Higher Education: This comprises of graduate, diploma and professional courses. After passing the 12th grade examination, students enrol in general degree programmes such as bachelor’s degree (B.A.) in arts, commerce or science, or professional degree programs such as engineering, law or medicine. Higher education in India is governed by the UGC and AICTE.
2) Informal Education Sector comprises of
Preschools: Preschools do not aim at developing academic skills that is reading and writing in children. Rather, the focus is on the sensory-motor and the social development of the child, to develop age appropriate behaviour at the right time.
Coaching Centres: Coaching centres are unregulated and bear no constraints on profit-making. These centres play a key role in helping students in preparation for their entrance tests and further ensure that students qualify for admissions into reputed institutions.
Vocational Education Institutes: Vocational training consists of practical courses through which students gain skills linked to a career of their choice in the future. It helps the students to learn the required skilled and offers better employment opportunities. Moreover, the formal vocational training leads to certificates, diplomas and degrees recognised by state/central governments, whereas informal vocational training helps in gaining marketable expertise that helps students in starting their own businesses.
To conclude we can say that the education sector holds a bright future as the demand for quality education has increased in today’s time as compared to the past.
Opt for a franchise model in any of the following categories; preschool, K-12 school, vocational institute, coaching centre etc. with low investment cost and high profit margins. Explore the various educational brands offering franchise opportunities in India with FranchiseZing.com! For further queries you can also contact us on +91-9717899733 or write us at info@franchisezing.com