Edtech Startups 2019-03-14

Major Reasons Why EdTech Startups Fail

Enhancing and modifying the current education industry is like a tough riddle which the educators are regularly trying to crack.

By Features Writer
Major Reasons Why EdTech Startups Fail

After India has become the 2nd biggest startup nation globally, opportunities for new businesses are witnessing no stopping. Regular entrants can be seen entering the Indian education industry, working in order to revamp the currently present education market.

Meanwhile, technology and digitalization are other two major pillars that are heavily restructuring the Indian education industry. Enhancing and modifying the current education industry is like a tough riddle which the educators are regularly trying to crack. The future of education industry is all innovation and creativity, highly equipped with technologies for learners of all ages.

But starting and running an EdTech startup is a daunting task that requires great efforts and planning. Just being equipped with the latest technologies can’t assure you success as a brand. There are several factors associated with the failure of EdTech startups in today’s time.

Given below are some essential factors that contribute towards the failure of EdTech startups in India.

Designing a Profitable Business Model

Despite being equipped with the latest technologies, things can be stagnant for your EdTech startup if you are not having an effective and profitable business plan. Usually, business plans act as the key to the future of the business, informing you every now and then about what’s your planned goal and how your journey is going on.

A proper business plan will help you to stand odd, earning quick profits. Never compromise with quality as today’s generation is starving for quality and experience.

Lack of Patience

Success never comes overnight. Everything requires a good amount of time to become fruitful, which is the case with EdTech brands in India. Thus, it's recommended to plan things accordingly and have patience in your attitude. Focus on different technologies that you can utilize in order to provide a quality and personalized learning experience.

Don’t forget that survival is the key. Therefore, if you want to build your career in this sector, remember to cover the journey with the right reasons.

Identifying Potential Users

Targeting and gaining loyal and trustworthy users is one of the daunting tasks, especially when you represent a startup. The successful education brands have been targeting the existing customers, believing that it’s difficult to sustain young customers as compared to the existing ones.

Therefore, focus on the central users that can be your potential target. They usually have faith in the new services but stay a bit skeptical.

If you are able to assure them and deliver right, you are heading in the right direction. Also, feedback from the users should be taken note of as it can help you refine your model further.

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Sports & Gaming
    About Us: We are a Family Entertainment Centre that caters to..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2020
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Department & Convenience Stores
    FOFO - FRANCHISE OWNED AND FRANCHISE OPERATED APPARELS ( Mens Wear,Ladies..
    Locations looking for expansion Madhya pradesh
    Establishment year 2021
    Franchising Launch Date 2021
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Singrauli Madhya pradesh
  • Grocery Stores
    Veg Mart is truly an one stop shop for all..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Activity Centres, Day Care & Creches
    About Us: 'Wings', a part of the Shivam Eduwings Foundation, is..
    Locations looking for expansion West bengal
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads