According to the census, around 32 percent of a total of 1.1 billion population in India constitutes of children between the age group of 0-14 years. Surprisingly, the number of people requiring education in India is greater than the total population of USA. Indian education market holds a lion’s share of opportunities hence, delivery of education for both primary and secondary classes coupled with vocational training is pivotal to the education scenario in India.
Further, the size of education sector is soon expected to reach at 120 billion or even greater till 2020. A sign of substantial progress is explicitly visible with around 10-15 percent added growth in coming years. On the other side, India’s poor rank in education, which is 92 among 142 countries, needs urgent recognition. Another major factor that puts India in the backseat includes its literacy rate, which is 74%, ranking it in the bottom 10 Asian countries. This awakens the need for us to invest in a sector that can not only transform the face of India but can open a broad pathway for future generations as well.
While the current education system involves a huge set of loopholes, there’s a need for innovative private set ups to take an advantage of the requirement. Mismanagement, Rote-learning based curriculum, demotivated and untrained teachers, a huge gap between teacher and student ratio, lack of required infrastructure and demographic diversities are some flaws in the current system. In such a situation, private players are expected to enter the market as shining armors. MEM’s policies are clearly made as per the need. Technology enabled education, including skill education as a part of curriculum, teacher and student training, and compulsory quality audits are MEM’s key highlights. Investing in such a demanded sector won’t just thrive one with huge financial benefits but make him a renowned contributor for a bright future.
Franchising is the obvious choice to consider, if you are planning to set up a school. Franchising is the process when a party (the franchisor) allows other party (the franchisee) to use its brand name or trademark. In an educational system, the franchisee gets complete support in setting up a school, i.e. help in designing infrastructure and classrooms, recruitment of teachers, designing school curriculum, etc. Further, parents mostly prefer to send their children to reputed schools to local schools, since it assures them of high quality education.
Opening up a new school, when educational organizations have already spent crores of rupees in perfecting their school system is surely not a good idea. However, there are certain factors that you need to consider before investing in the school franchise. Continue reading “4 Prominent Things to Consider Before Investing in a School Franchise”
Why it’s the right time to invest in education?
In the 21st century, it is of utmost importance for nations to not only realize the importance of education but, also proactively invest in the education sector in order to succeed. The information age, that we are living in today demands us to plan out our economies in such a manner that they pay us the best of results in the future. This has already led to a noticeable change in the budget plans & priorities of governments across the world. More & more economies are investing in the education sector these days as it is no longer just a fundamental driver of personal development but, also plays a very important role in building the nation as a whole. Especially, one talks about India in particular, on one hand when the government is trying to push the cause of education through its schemes, there are also many private institutions which are surprising the world with their brilliant performances. MEMPL, the famous school franchise being the flag bearer of this change just opened 11 schools in just a short span of 1 year, giving the gift of education to so many children. They realised the multi-dimensional benefits of investing in education & set a benchmark for everyone who believes in the reformative power of education.
On one hand, where education puts people on the path to attain a better lifestyle, it also adds significantly to the economic growth of the countries. Evidence shows that, on an average, each additional year of education boosts a person’s income by 10 percent and increases a country’s GDP by 18 percent. These are some of the economic factors which have contributed to the growth of the education sector, but we are still far away from what is actually needed.
The world population is growing rapidly that we need to come up with more & more institutions which are well equipped to provide & prepare our future generation with the right kind of opportunities & training. Hence, the need of the hour is not to just come up with educational structures but also smart institutions which are well equipped to face the challenges of tomorrow.
We need to make sure that our students are well prepared & well trained to face the challenges of tomorrow and take the nation along with them on the path of progress. In order to ensure that this happens, we also need to focus a lot on the elementary education of our nations, for school education plays a very important role in laying the foundation of a better future.
To conclude, we can say that we need to invest in education today so that our future is safe tomorrow.
How Millennium Learning System is revolutionizing the scenario of modern education?
This is the day & age of technology. Since its advent it has impacted each & every sphere of our life. In the recent times it has reached a new level of advancement & is taking over every place, even classrooms. Modern education needs to combine modern technology to make itself effective. We have to accept that times have changed drastically & the current generation is a lot smarter when it comes to accepting the new forms of learning, that’s why there is a need to let go of the conventional methods of teaching.
Hence, the integration of technology into modern day learning will prove to make modern day education more beneficial for students & teachers. Even teachers & parents get to help their children in an advanced manner by taking the aid of technology.
However, there are many benefits that one can attribute to the integration of technology into education, here is how technology impacts the lives of students, teachers & parents:
- Making learning fun & interactive: First & foremost, technology greatly improves the scope of learning, for students get to explore new & fun methods of absorbing knowledge. It helps to foster their creativity & hence making them future ready. It helps them to focus better & hence learn better.
- Helping teachers in evaluation & experimenting: It is a fact that each & every child comes with different set of needs. The conventional methods of learning restrict the teachers to come up with new methods, hence with the integration of technology into the classrooms, teachers can not only come up with new methods of learning but can also evaluate each & every student better.
- Easing out the evaluation process for children: There are many apps that help keep a tab on the performance, interest & choices of the students. Parents can always depend on these apps in order to track the performance of the children.
Having said that, there are many researchers who have already understood & acknowledged the immense potential of education, when it comes to transforming the face of education. They are coming up with new & advanced methods of learning which are fully capable of catering to the needs of present, one such excellent system is Millennium Learning System. It has been exclusively designed to make sure that our children get the best of learning experience which is packed with fun & interactive activities. It is designed to make a classroom a happy place & concentrates on the holistic development of children, of every age. It understands the need to teach the way a student learns & hence has four distinct levels of curriculum.
To conclude, it can be said that we need to understand & adapt this change in order to ensure that our children are well equipped to face the challenges of tomorrow.
Investing in a school franchise in India is without a doubt, an intelligent man’s decision as it provides a set model of working where all the essential components are readily available from the onset. Associating with a reputed name in the education sector makes it easier and profitable as the initial setup, promotional, and administrative costs are drastically reduced. Here are a few benefits one is sure to get when investing in school franchise:
- Excellent Return on Investments
Education is a recession-free sector and helping transform a society by investing in a K-12 school franchise is a noble and a profitable way to make money.
An established brand name has a proven track record of best infrastructure, skilled teachers, and world-class facilities that allow the franchise to win profits by easy acceptability and low risk involved. The continued training and support provided to a high school franchise makes the franchisee competent in a matter of a few months to run its operations smoothly.
Investing in a top school franchise India incurs less financial risk and profitable returns on a long-term basis. The franchise assists in setting up the curriculum and syllabus. Continued development of products and services ensure the franchise is at par with the franchise with respect to the quality of education, sports, and extra co-curricular.
Apart from the education sector, very few sectors in India can claim to give returns as high on the one-time investment done. Poised for a major growth in the years to come, the boom in the education sector is not slowing down anytime soon.
The upsurge in the number of children attending schools is a direct consequence of the quality of education being provided in the schools. When a reputed franchise opens in a city, it attracts attention of the parents and children alike resulting in a more refined and educated society.
With a major focus on the education of the country by the Indian Government and a promise of lifelong returns, it could be the best time to invest in a CBSE school franchise or an ICSE school franchise.