A few days back, I read a report regarding Playschools & play school business. The scope of Playschools in India is widespread. According to a report published in “The New Indian Express” one baby is born every 90 seconds in Delhi. The approximate number of children surviving is 649 per day. Read More about how to choose the best play school franchise business in Delhi.
Delhi or the National Capital Territory (NCT) is the fifth most populous city in the world. People from all parts of the country come to Delhi for a better education and a better future. Children in the age group of 0-6 are approximately 16.45 crores. Therefore, the scope of Play Schools in Delhi is wide. A child is a national asset and therefore every child has a right to good education and life.
I have always believed that “Education should be within the reach of people. It must not rob anyone’s pocket.”
I had heard it from my parents that the noblest profession of all is Education. You can convey some of the very strong messages to society through schools. In order to make a crucial decision of investing money into a field entirely new for me, I visited an Expo some time ago to be able to make the right choice of Best Play School Franchisee in Delhi?
A number of questions bothered me. What must be the parameters that would enable me or any Investor to make the right decision? I visited a number of Franchise stalls in that exhibition.
First and the foremost question, the background of the Franchiser?
Is it run by some business houses or Educationists? Does the Franchiser have a good educational background?
I had approximately 20 lakhs with me so I had to consider which play school franchise fits into my Investment Plan?
I have been taught to spend money rationally, every penny counts. Therefore, which play school franchise has value for money?
For the first few months, I need to bear the expenses till the time the Revenue generated is less than the expenses, So which franchise will bring my balance sheet to Break even fast?
As an Investor, my prime concern is to get back the money invested, which Play School franchise will give faster Return On Investment?
Besides Investment, ambiance development and set up etcetera, how will I get children for the school? The entire Investment plan depends on the number of students enrolled. So, who will recruit, guide, and train the teaching and non-teaching staff?
Even if they appoint people and designate duties to be performed, will the franchise representative visit the campus?
Will they audit the education also or like any other business house audit the Balance sheet?
Most of the stalls I visited, mentioned about Royalty and explained the importance of royalty. I was fully convinced with their reason for charging Royalty. But there were a few stalls that mentioned ‘No Royalty’. I pondered over, should I Invest in those Play School Franchise business modules that seeks ‘No Royalty’?
It simply conveyed ‘No Support’ perhaps after Infrastructure set up, ambiance development. A number of questions clouded my thoughts at once.
Who will I or my staff approach for day to day queries?
But the Investment plan here is a little tricky and very interesting. The entire year’s royalty is already taken from you in the in form of Initial Investment. Therefore, it hardly makes any difference to the franchisor since Royalty is comparatively in peanuts.
I will invest my time, money and reputation for 5 or 10 years towards the playschool franchise and once my playschool establishes itself firmly, will I have to pay the ‘Recurring Franchise fee’ after the stipulated time period?
Will I be guided or permitted to utilize the Infrastructure to the optimum?
How can I earn more through the existing Infrastructure?
The most important question was the objective behind making Investment into the Play School Franchise module. Franchise means run by the experts in that field. My knowledge says, ‘Expertise for a playschool can be given by educationists. Business houses can give me business but not the satisfaction of running a Play School. Since I wasn’t an expert in this field, I had to be a part of the Franchise business module.’
The thought and motive with which parents admit their children to Playschool must be fulfilled. If I am able to give education which would enhance the brain development of children through my Play School Franchise, it will give me satisfaction as well. And any job that gives you satisfaction is greater than the money earned.
While driving back home, I seemed to have become more knowledgeable. I had almost all the answers which would help me choose the Best Play School Franchise in Delhi. I knew I would also contribute towards the nation’s progress by helping the children tread on the Pathway to Wisdom.