When starting a school for kids or children who are meant to commence their schooling from nursery, it is best to have a franchise, then to open a new brand. A nursery school franchise gives plethora of benefits to an entrepreneur by the association with an established brand.
Benefits of association with an established brand are described below.
- Guidance : The necessary guidance to do things initially, when an entrepreneur decides to open a nursery school is provided by the franchisee. This is important for initial investment, because without in-depth information on cost-cuttings, vital commodities, promotional as well as administrative expenses; the money spent will always be less. The hiring, training and retention of the staff is also a major factor to learn without fail because this business relies largely on well-trained and expert manpower.
- Lowered Financial Risks : Getting a kids school franchiseis a low risk business venture in terms of financial risks. This is because there is a tried, tested and successful model of business already set, which has to be applied and carried out by the franchisor. Hence, the financial risks lower down manifold.
- Curriculum Support : Since there is already a set curriculum for the students with the franchisee, the entrepreneur has to follow it. This removes the additional burden off the new administration to create, test and apply a fresh curriculum each year for the students. The teachers have to follow, what is handed over to them and they get to spend more time with the students.
- Staff Training : The entire team of the new school under the franchise gets trained by the trainers of the franchisee. There are recurring trainings happening, to keep the entire staff up-to-date with the latest ways of interacting, caring and teaching the students. The administrative responsibilities as well as communication with parents and within the team is also well looked after, through such staff trainings.
- Troubleshooting : Sometimes, there are issues with sudden climatic changes or a pandemic, because of which the school has to close for some time. In such a scenario the franchisee comes up with a solution to cut the cost and save the expenditures. They also take care of the paperwork and tax related matters of the franchisor, if it is so required and requested.
With the above array of benefits from nursery school franchise, there are few critical factors for success that should not be neglected.
- Sales as well as marketing through generating leads and then converting those leads into business is certainly a challenge. The franchisee will assist, but the entrepreneur has to do most of the work here.
- Retaining good and trained staff that can create as well as maintain a friendly rapport with parents is challenging; but absolutely necessary.
- Location of the kids school franchise is of utmost importance. If it is in an area where there are no nursery schools, the market is already won. But if there are already many nursery schools in the area, then it is a tough competition to come over.
Nonetheless, running a school of any kind is a noble profession in itself.