With playschools mushrooming in every city looking to grab a part of the lucrative market opportunity, the once-in-a-lifetime business sector, lately, has seen a decline due to the emergence of numerous players.
It should be noted that recently, NCERT (National Council of Education Research and Training) also introduced a standard curriculum model for all playschools, otherwise a highly unregulated region.
As a national franchisor puts it, "In the Franchise Model, 15 plus lakhs must be invested in the acquisition of a franchise, and, from then on, royalty payments of 20% must be charged. The Franchise has to run the show with 80% of the collections. This requires a lot of maintenance costs and revenues are not adequate.
As a result, today's non-franchisee zero royalty model school is one of the best choices on the market. It comes with a very limited investment option and no benefit or royalty sharing with the company. This model is rapidly entering the market. Any entrepreneur who wants to start a preschool with less investment is looking for this kind of company. And today, you’re going to get a lot of these players on the market. They have 360 degrees of support to the curriculum, marketing, management, training, etc. "Investment in information pays the best interest," a well-quoted author, Benjamin Franklin.
In reality, with rising investment in the education sector in general, investment in the preschool sector is flowing in. Stepping in the shoes of the edupreneur has become popular with a lot of choices to explore.
In particular, the advent and growth of play-schools have undoubtedly changed the lives of many people across the economy. This means not only for young children but also for the prospecting of edupreneur looking to enter this field of education.
Every parent wants their children to get the best preschool education. The selection of a playschool is therefore a crucial decision for parents.
Being an edupreneur, if you're also looking forward to entering the playschool market, then you've got two roads to take, the first being, launching your playschool brand. And the second approach, purchasing a play school franchise from an established pre-school education company.
Let's find out more about them and decide which alternative is going to stand a better chance!
Starting your own Play School Setting up your own play school is like growing a plant from a seedling. Everything begins from scratch and requires a lot of preparation, studies, research, finance, energy, and hardship in abundance. Starting a Montessori school can be a long and demanding process. However, with recent innovations, it has become a lucrative investment choice. There are tremendous advantages as well as drawbacks to starting a playschool of your own. Let's think about it.
Advantage of starting with a self-run preschool
A one-time investment: Starting a preschool can be followed by handsome rewards with only a one-time investment. Steady cash flows and healthy returns mark most Montessori Schools right from the commencement of operations and will not need any more major investment for 3-5 years.
Ultimate Authority: When you run a preschool with your own name, you have the sole authority to shape your way of operating and add some kind of specific selling proposals to your nursery site. Starting your own preschool would help you innovate following your ideas and organize all as per your plans. You are not liable to obey some kind of curricula, facilities, or other working arrangements that have been developed.
DISADVANTAGES
Goodwill needs time A new Montessori school would certainly take a long time to train, grow, and cultivate public interest in a highly competitive market. Thus, it becomes difficult to build goodwill and brand value from scratch.
Too much responsibility If you run your own nursery school, you are ultimately responsible and accountable for every job on your list. Whether it is planning, studying, designing, formulating, marketing, financing, recruiting, training, or task-framing, all that is needed must be achieved on its own.
Chaos for Permits and Grants.
If you're new to a certain form of business, it's a little difficult for you to settle and get approval and grants from the authorities. Approaching distinctive institutions for the same is a time-consuming and time-consuming process for many.
Play School Franchising
Buying a preschool franchise is a convenient and smart choice to choose from. Whenever a playschool brand achieves a certain stage of growth, it assigns its operations to various divisions known as franchises. This is achieved in exchange of a certain amount of royalty, and all activities in the franchise chain are conducted in compliance with the norm of the franchisor.
This method of starting a preschool by buying a franchise is very popular nowadays and has gained a lot of popularity in recent years. In this way, a structured approach to the playschool program allows the brand to enter various parts of the country with uniformity of operations.
ADVANTAGES
Technologies Tried and Tested Model
The concept of purchasing a play school franchise originates from a tried-and-tested play school business model where everything has already been designed, implemented, and methodically run. As a consequence, everything is operational at a very low-risk flow.
A playschool company leasing out franchise would certainly have their reputation on the market. This makes it easy for the prospecting of edupreneurs to succeed in a competitive market and to take advantage of the advantages of goodwill.
Freezing Initial Costs: the franchise of a brand already established does not require any additional initial costs other than the set-up. The advertising, administrative, and miscellaneous expenses at the initial stage of the establishment are published to a greater extent.
Decreased financial risks In line with other business issues, the play of school franchises entails less financial risk as the demand for Montessori programs increases with the growing development of the population. As a consequence, financial risks are much less likely to be the same.
Tracking Operations When you buy a play school franchise, you have a flawless setup that is readily available for smooth operation. You can easily keep track of the activities, and you can even see live examples of how they are implemented and what needs to be accomplished.
Continuous support and training Playschool franchise providers provide a range of support services from the initial set-up to the running of operations after the inauguration date. Besides, a range of instruction and seminars are offered to pre-school teachers and faculty members to work similarly.
DISADVANTAGES OF A PRESCHOOL FRANCHISE
Lack of Self-Innovation When you buy a play school franchise, you will be required to follow the strictly controlled trend in your Montessori Network in compliance with the playschool brand to preserve the chain's uniformity. Therefore, there is no versatility in both the simple and the complex process of running a play school franchise.
Regulated costs In the case of franchises, the franchisor is liable to pay a fixed amount of royalty to the franchisor, which makes it a weekly, quarterly, or annual cost regulator. Besides, there are, in the long run, small administrative expenses such as license fees, advertisement fees, training fees, etc. to be paid from time to time to the franchisor.
If you’re going for a non-franchise preschool set up, then you will have no worries about the model of the business and will be able to set up the preschool easily as the overhead cost is low. Lower financial risks, less competition, and minimum investment help in accelerating the payback period. But do remember, that one is required to invest a whole lot of efforts in franchising as well as starting a preschool of your one. Nothing is as easy as it seems to be!
How can preschool help your child develop?
The importance of preschool is clear within the fact that it helps young children develop the required skills they’ll use in their academic and social futures. So, if you’re considering whether or to not enroll your child in pre-school, you should think about how much your child will enjoy this sort of environment.
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