Are you eligible to take up a school franchise?
October 18, 2019In Indian society over the last many years, education has become the key to a better life. By expanding education, the Indian society has slowly developed and is becoming more civilized and modern in the 21st century. The importance of education in India is vast and because of this, the responsibility among educators in this sector is also very large. Children learn the basic values and academic subjects in primary and secondary education. Their personal growth, their safety, their value system and their outlook of society are all influenced by their schooling system. When a reputed school decides to franchise its business and starts franchises and delegates some control, it needs to do it responsibly. Are you eligible to take up a school franchise? The following are eligibility criteria of franchisees that the school franchisors usually set before agreeing to give their school for franchise and thereby the license of running a school under their brand name.
Eligibility Factors for School Franchisee to Get a Franchise
Background Information and Financial History
Before choosing a franchisee partner it is important to do a background check of the potential business partner. This includes financial check and also check of the personal publically available history of the franchisee. The school franchise uses the brand name and has to maintain the safety standards as well as the education standards the brand is known for in the country.
Ability to Work with the School Franchisor
A Franchising system is a process where the franchisee has to be able to work in a subordinate role with the franchisor. Such an orientation towards the business is important if the franchisee wants to work well in this type of system.
Coachability of Franchisee
To make the most of the school franchise opportunities, one of the eligibility criteria that a franchisor looks for is coachability. This means that the franchisor must be able to coach the franchisee team about the know-how as well as the business operations established by the franchisors.
Details about the Management Team
Franchisors usually want to know details about the management team that the school franchisee assembles to run the school. Their work experience, as well as their educational background,are some of the details about the team that the franchisor looks at before determining the eligibility of the franchisee.
Background in Education Sector
Though it is not compulsory, it always helps if the school franchisee has a background in the educational sector. Whether it is starting a private school or starting a public school, it is important to know at least a little bit about the sector to start business operations in the school business sector in India. No knowledge about the sector you are about to work in may result in many loopholes at the foundation level which are harmful for the business in the long run.