Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Education Blog 2019-05-17

Planning to Start an Education Related Small Business in Less Capital? Here’s how to do it

India currently holds a great position in the global education industry, welcoming educators to invest and start their own education firms.

By Features Writer
Planning to Start an Education Related Small Business in Less Capital? Here’s how to do it

Learning is a never-ending process that eventually increases experience along with the credibility of an individual. It never really stops no matter how old a person gets. That is the reason why many people, after gaining appropriate and quality education, plan to start their own education business, empowering younger generations along with educating the learners who seek constant upgradation to upskill themselves..

India currently holds a great position in the global education industry, welcoming educators to invest and start their own education firms.

According to IBEF, India’s higher education segment is expected to increase to US$ 35.03 billion by 2025. The education sector in India was at US$ 91.7 billion in FY18 and is expected to reach US$ 101.1 billion in FY19. As of December 2018, internet penetration in India had reached 46.13 percent. Increasing internet penetration will eventually help in education delivery.

But, is it possible to establish an education business without making a heavy investment? Mentioned below are some pointers that could help educators to start their own business with minimal investment.

Never Compromise with Research

Ask any successful franchisor or entrepreneur and they will enlighten you with the importance of thorough research on the industry before making a move. Research across the education industry will help you gain knowledge about the latest scenario of the industry along with getting familiar with profitable business ideas.

A qualitatively conducted research allows an educator to choose wisely from the wide range of options available for education-related businesses.

Pinpoint your Target Audience

Pinpointing the target audiences is one of the common challenges that amateur entrepreneurs and franchisors experience while starting their venture. Many times, they keep targeting the wrong audience that eventually results in wastage of time and money. Thus, in order to save both, it is recommended that educators should analyse and categorise their audiences first, before initiating their services.

One needs to understand that the right audiences have the capability of uplifting a business from scratch to some another level, growing both sales and brand awareness.

Study the Competition Closely and Precisely

Every business segment has its own competition that needs to be dealt with. So is the situation with the education industry. The last couple of years had witnessed a humongous amount of educators invading the industry, eventually making it crowded. While some brands have similar products and offerings, others are innovating and experimenting in order to stay different from the competition since it is important today to have an edge over the competition, especially through product quality.

Thus, study the competition precisely and closely so that it could help you plan and strategise your future operations. Go through their working pattern that will guide you in finalising your products and services, keeping the latest trends and customers’ expectations in mind.

Comment
image
image
image
image
Related opportunities
  • Ice creams & Yogurt Parlors
    About Us: Established in 2016, Pop Hop is a unique and..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Gyms and Fitness Centres
    About Us: UK's leading fitness chain now enters India to provide..
    Locations looking for expansion New Delhi
    Establishment year 2003
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Real Estate Sub
    About Us: RE/MAX is one of the World’s largest and most..
    Locations looking for expansion New Delhi
    Establishment year 1973
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi New Delhi
  • Adventurous Sporting
    About Us : The Sports Gurukul (TSG) is Mumbai’s first of..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
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