Education sector has grown exponentially in the past few years and it is only expected to grow further. With increasing number of unemployed youth in our country, business ventures related to skill development training are bound to succeed in coming years.
Many individual players are making a huge impact in bridging the skill gap between the Academia and Industry. They are creating a strong bond where students are getting job-ready with impressive offer letters in their hands and on the other hand, employers are getting the ‘right’ people with the ‘right’ skills to fill in the vacant positions in their companies.
Here is a snapshot of growth of the Education Segment in India:
- Education Industry in 2015 – USD 100 billion
- Education Industry by 2020 – USD 144 billion
- Schools in India in 2015 – 1.4 million
- Annual intake of students – 18 million
- No. of vocational training centres – 18,000
- No. of students in vocational training – 1.8 million
Seeing the above statistics, it is quite clear that much more schools, especially, vocational institutes are required to cater the demand of the industry. It is evident that education sector is a recession-proof sector, as even during recession, the need for adequate skills increases manifolds. We can see it everywhere! Home tuitions have given way to huge coaching centres and home playschools have given way to large chains of pre-schools in the cities.
Education is the biggest industry in today’s date, as jobs are getting fewer due to automation requiring the candidates to possess job-related skills.
Franchising – The best way out!
To cater to the increasing needs of the parents, students, educational institutes and employers, Franchising is undoubtedly the best way out! It has very unique benefits. For instance, the investor has the advantage of the brand equity if he/she takes the franchisee of a reputed Institute, School or Pre-school. Extensive guidance and hand-holding come along the way whether it is related to setting-up the Institute, the marketing strategies, processes, curriculum and the day to day operational activities of the franchisee.
Thus, “Privatization” of the educational industry has helped everyone! On one hand, privatization has helped upskilling the students to make them job-ready and on the other hand, it is fulfilling the needs of the job market, and helping the business ventures earn money on their investments creating a WIN-WIN situation for all of us!
With more than 50% of India’s population below the age of 25, sky is the limit for investors to venture into Educational Franchisees.
Come, explore and grow infinitely!