As awareness about quality education has risen tremendously, parents today strictly do not take chances with their children’s schooling, especially in those vulnerable first 6 years. Therefore, no matter what the economic conditions are, our children remain our main concern, an investment we unwilling to compromise upon. This consciousness towards a quality pre-school education is prevalent in both urban and rural areas of the country, whether amongst literates or otherwise. Hence, it’s a great opportunity for any person who genuinely seeks to deliver a promising education to the society. Besides, it assures the entrepreneur a fulfilled life personally and professionally.
Speaking objectively, the market size of preschool industry in India is exponential, with an amazingly better scope in Tier 2 and Tier 3 cities. According to a report by dnaindia, the pre-school market in the smaller cities is growing at a whopping 120% per annum. Another recent report by wiseguyreports.com estimates that the overall preschool market is set to bloom in India with an estimated compound annual growth rate of 21.84% between years 2016-2020.
Franchising removes the risk of failure by providing ‘domain expertise,’ thereby reducing the gestation period of any business while generating revenues right from day one. It is a proven business model and is safe for not only serial entrepreneurs, but new ones who want to invest in a more secured manner. The additional factor of education industry being practically free from economic slowdowns has made pre-school franchising a profitable trend today.
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