India today has a significant population below the age of 12 and there is a tendency among parents to educate children. It is a combination of these two factors, which makes the opening of schools a lucrative business in India. An investment in the education sector is sure to reap immense cash flow in the years to come. As you are pondering over the idea to invest in Indian education, here is a guide on how to open a school India.
You must have a blueprint ready
There are surely the basics to do such as acquiring land for the school and it is hectic. However amid everything, one must have a blueprint ready. You will need to develop a plan regarding the future operations of the school. You must have a five-year bluer print-ready and other than the location, one must decide on the faculty, teaching subjects. Once this plan is ready you will find it easy to operate the school in the future.
Your budget
The capital expenditure to be incurred is an important part of any business venture and it should be no different as you are pondering over the options of how to open a school India. There is some cash to incur and you need to set aside the finances. If you intend to open a playschool anywhere in India today, the capital expenditure could be anywhere in the range of 6 to 8 lakhs. The initial investment required for a primary school is in the range of 8 to 10 lakhs. If you intend to set up a 10+2 school the capital expenditure costs to escalate right up to 2 crores. Your job does not end after arranging for the finances and there is a need to segregate between cash required for building construction, furniture, and also working capital.
Should you go for a school franchise?
One of the key issues to note is whether you opt for a franchisee of a reputed school or you build a brand. The suggestion will always be to opt for a franchise of a popular school rather than having to build a brand from scratch. There may be a franchise fee to pay up but you benefit significantly. It is via obtaining a franchisee of a successful school, you immediately get the benefits of a brand. The advertising-related costs are significantly lower and you get the liberty to implement a successful model. You get guidance from the parent and these are some reasons to suggest that a franchisee is always better for anyone looking to open a school in India. Finally, you will need to complete the registration formalities and that should be it.