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Things To Consider Before Buying A Preschool Franchise

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By Author: nidhikapoor
Total Articles: 7
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Today everyone is interested in starting up their own business but to start preschool franchises then you need to have what it takes to be an edupreneur. So, if you are looking to invest in the best preschool franchise option? Then this is the right time to start as in India the concept of pre-primary schooling is catching up as both the parents are working and expect the kids to start school early soon. Parents are more concerned than earlier about their child’s future and are very much willing to spend more to give the best possible education from the start itself.

Certainly, the franchise model is a stepping stone to strengthen the business network while establishing the brand's niche in the market place.

1.Business Plan for a proven system
It doesn’t matter if you are buying a franchise or starting your own. There needs to be a well-thought process behind the perusal of a business model.
Following are the things which need to be chalked out as well:

• Location & infrastructure
• The business is to be a full time or part-time
• What all to include other than preschool, daycare or workshops etc.
• Strength of the pre-school
• Investment for renting, lease & salaries, etc.

2.Market Survey to examine earning potential

There are many players in the market but still, there is scope for more as everyone looks successful but new to find what the targeted audiences are looking for. Which of the lot is doing it and is the best preschool franchise option? In India still branded pre-school franchise is untapped. 80% franchise opportunity is still unorganized, which consists of neighborhood non-branded pre-schools. Now, everyone is opting for a branded pre-school than a local one. Therefore, there is a need of the best preschool franchise in India which can address to all the needs of the parents as there are many but with mixed reviews. The pre-school industry in India is therefore under-penetrated.

3.Location & infrastructure for territory exclusivity
The main and foremost important role in pre-school business is to invest ample amount of time in searching for the correct location and space to set up the best pre-school franchise. The location has to near an office area or residential where it is convenient for the parents to visit. Infrastructure should be clean and hygienic with all fire & health hazards in mind. And in that area, no other can put a franchise of the same. If you can take up a city then it will be more like you are the only player in the city.

4.Staffing & quality assurance
You need to invest in getting the best staff, nannies, helpers, and certified teachers to have a quality preschool. The positivity the staff can bring to the preschool to achieve the goals and objectives requires a lot of hunting to get the right skill set on board. Have to be aware of the competitive compensation package before starting to promote admissions.

5. Creativity & technology
What makes a preschool different than others is the way they teach and engage with children. Because parents look for a preschool where their kids not only learn but also grow mentally as well as socially. Here, you need to focus on the USP of the pre-school. The focus should be on indulging kids into more and more activities or opportunities to learn as well as explore.

Owing to the humungous scope and opportunities in this education industry, there are many brands claiming to provide excellent infrastructure but actually, they fail to maintain basic hygiene, safety, and security or they do not have ample or eligible staff. Hope this has given you some direction to start your planning from and how to evaluate the best preschool franchise option to invest.

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