Studies shows that franchising industry is expected to quadruple between 2012 and 2017. There is scope for Franchising industry to contribute almost 4% of India GDP in 2017 (assuming 6% Y-o-Y GDP growth between 2012 and 2017), growing from a current estimated contribution of 1.4 percent of GDP. This is also expected to create job opportunities (including both direct and indirect) for an additional 11 million people by 2017.
Education and training is one of the main area which is expect to grow rapidly in this franchising mode. But franchising an educational service isn’t easy as franchising a retail outlet or a food chain since here the franchisor offer a set of skills which required high human effort and management.
Here is the some tips to consider when setting-up a franchise business growth option for an educational training business.
If you are unable to plan, create the tools and implement the franchise system on your own, then you should have professionals. Hiring professionals help you in thinking out of the box and ensuring that “outside perspective” along with your own ideas can make your business unique. At Ameen Ahsan Strategy Consulting, we assist clients in similar engagements.
Author: Bareer Jazim K K (PGDBM, ABE-UK)
Business Analyst, AASC
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Phone : +91 9995 117 047