Education Nov, 21 2011

Calculate profits with Abacus

You too dreaded mathematics and have a phobia? Now, worry no more, as experts have finally developed a solution for children to learn mathematics with fun via abacus coaching. Read more about the concept and the opportunity.

By Neha Gohil
Feature Writer
Calculate profits with Abacus

Education as a business is jam-packed with new opportunities. One such growing trend is of ‘Abacus Coaching’. It is a unique emerging franchise business concept for aspiring entrepreneurs in India. Considering the success of the concept in China and other western nations, Indian entrepreneurs have adopted the concept which has made learning math easier for students.

Raji Reddy K, Founder and CEO, Genius Abacus and Vedic Maths shares: “Abacus Training franchise could be the most profitable businesses for aspiring entrepreneurs. We have been giving free training and issuing free franchise on Genius Abacus. I have liberalised this concept to generate young mathematicians in India.”

Brief history

Abacus is a Latin word with origins in the Greek words ‘abax’ or ‘abakon’ meaning ‘table’ or ‘tablet’. It is assumed that the earliest abacus was invented about 5,000 years ago. Abacus is one of the first calculating devices used for doing mathematical calculations. It does not require the use of pen and paper.

Abacus education allows children to learn accurate and fast calculations in an easy manner. Reddy tells: “I personally found a lot of difference between abacus students and non abacus students. Initially they use the Genius abacus tool for some days, after that they can imagine Genius abacus tool in front of their eyes and calculate mentally and tell the answers faster than computer and calculator.”

Popularity in India

Abacus is already a popular trend in countries like Japan and China and is rapidly catching up in India as well. A concept which has been around since centuries, the abacus is becoming a popular mental development tool once again. It is becoming an important part of a child's development.

With budding need for mental development in today's competitive world, abacus in India is the perfect solution to guarantee that your child is equipped with all the skills required to succeed in life. Aspirants who are interested in bringing abacus coaching into their city, town, school or area, can opt to become an abacus franchisee. The trend is growing rapidly in India.

Escalating trend

Abacus coaching has gained lot of popularity in recent times. It has emerged as a great career option for many aspirants as there are many franchise players offering its coaching.

There are many factors which lead to the growth of abacus coaching centres, which are as:

Fun learning: Children taught in a fun way grasp things easily. Abacus learning is full of fun as the tools used for teaching are colourful beads on a groove or bar. This attracts the child’s mind to physically touch, feel and make the mathematical sums while counting the beads visually.

Parents’ preference: Parents have witnessed an incredible enhancement in the child’s confidence while doing math. The training helps in developing the mental calculation capability and promoting shrewd thinking along with problem solving capability in the child.

Math phobia: Most of the students have math phobia as the consider math as a difficult subject. Abacus coaching helps children to counter arithmetic problems by manipulating symbols and balancing equations easily. Reddy tells, “Initially I introduced this concept Genius Abacus in my school. I observed that those who learnt these concepts, they overcame math phobia and their confidence levels were also high and observed that the students’ attitude towards math is excellent.”

Abacus v/s Calculator: Abacus coaching sharpens a child's memory as well as increases the potential for mental calculations reducing the dependence upon calculators.

Foremost franchise players

Genius Abacus and Vedic Maths: The Institute provides abacus and vedic maths training. The brand has its pan India presence with 250 franchisees and over seven franchisees overseas in USA, UK, Canada, Thailand, South Africa, Israel and Turkey. The brand is giving free franchise opportunity and no specific area demand. A franchisee can open it at home or at coaching centre.

SIP Academy: SIP Academy is a member of Asia Abacus and Mental Arithmetic Research and Development Affiliation (AAMRADA). For a franchisee an initial investment is of one lakh with an area requirement of 800 sq.feet area.

BrainOBrain: BrainOBrain is an institute of self empowerment and it operates in 15 countries, such as India, UK, USA, Australia, Kuwait, Mauritius, Bahrain, Poland, UAE, Macedonia, Sweden, Thailand, Oman, Kenya and Zambia. The brand has more than 600 successful franchise centres in all these countries.

Valuable franchise opportunity

Abacus coaching centres franchise can be a lucrative opportunity for many aspirants like house wives, teachers, and lecturers as a part time business. Dinesh Victor, MD, SIP Academy India Pvt. Ltd tells: “The Abacus franchisee is quite a lucrative business for a certain segment of franchisees. However, it requires full time commitment of the franchisee for the first year at least.”

Franchising helps business to expand its reach nationally as well as internationally. Reddy shares: “We have 250 franchisees all over India and 7 franchisees in other parts of the world. We have been observing that every business opportunity is growing with the help of franchising. This motivated us to expand our business all over the globe through this model.”

Pre-requisites for franchisee

Abacus coaching is a low cost franchise model with an area requirement of approximately 800-1000 sq. ft. Victor shares: “The biggest advantage to start abacus coaching centre is low start up costs. A centre can be started for as low as 1.5 lakh. The returns in a city are as high as Rs 50 thousand per month if the centre crosses 150 students.”

Future potential

Education industry is constantly growing and new things are adding into it. Abacus being a unique and easy way of learning math will foster in future. Victor tells, “The future is really bright for providers of consistent high quality franchisees as the kids education market is growing rapidly in India.”

In conclusion it can be said that abacus coaching franchise is a productive business opportunity for many aspiring entrepreneurs. With the education market growing relentlessly, abacus growth is infinite.

Related: E-learning: Profitable Means Via Franchising

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