Rising preschool business and confusion over what is the best way to start a preschool? Don’t worry! We got you.
Many edupreneurs have stepped out today to invest in a preschool business, adhering to the fact that it’s an expanding opportunity today.
People are habitual to opt the easiest way to start something without putting their own efforts properly. Same is the case with preschool franchises.
Investing in preschool is a great opportunity. However, one needs to be aware of the possible choices and their pros and cons.
Ultimately, we don’t want you to be a victim of the suffering a preschool franchise lets its preschools face!
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Yet, your favorite preschool chain necessarily is not the most truthful to you. Preschool franchise owners are becoming used to extracting revenues from their franchisees which will leave you with almost nothing.
And this statement does shock you with the foremost lie a preschool franchise is telling you. Shaking off your trust isn’t the goal. Yet, being aware of your surroundings and for yourself is the most crucial.
A franchise refers to a form of business where the owner (franchisor) of a product or service chooses to distribute the rights of dealing in that product or service to others (franchisees) and receives a wide coverage of his product or service.
A franchisee supplies the product or service, which is curated by the franchisor sitting at the opposite side of the pole. Do you think that your product or service will be according to your society’s demands?
Will it respond to the atmosphere that you live in. Since you aren’t allowed to make any customizations to the policies, will a franchise model designed in Kanyakumari be suitable to be adopted in Kashmir?
Adhering to the changes in market, situations of every geographical area, need for investing differently, a preschool franchise business model leaves you with many difficulties to cope up with the surroundings especially when it’s a preschool.
It’s a lot of money to invest just for failure. Since there are different factors driving a return on investment, one can’t be sure to invest much money in a brand, when you know that the franchise fee is nothing but an investment the brand asks for in their name.
While sitting in Kashmir and opening a preschool Kidgee whose product is set up according to its home location, Kanyakumari, how can you be sure that in spite of the geographical differences and difference in the needs of consumers, your quality will remain the same.
You are not allowed to make amends. You are just a supplier. A product has been made already. You just have to repackage it, promote it and try to increase its sales with your hard work and the preschool franchise will end up taking even your share of profit.
Of course, every year parents get their children admitted into a preschool and the number grows. But, it’s not compulsory. What if you want to earn some extra revenue as well while you get no students enrolled in?
Presently, franchisors are not treating a franchisee as its investment. As said earlier, it’s a shop for them to sell their services. No adequate support is provided to cooperate with your environment and adjust the preschool’s model as per that.
You are a salesman with a target and you have to fulfill that by hook or crook. That’s what franchisors are doing to franchisees out there. You pay royalties out of every admission you get which anyhow ends up reducing a franchisee’s profit to a great extent.
If you do the same hard work for your own preschool brand and run your preschool successfully for 3 or 4 years, you’ll create a brand itself. You no longer have to pay heavy franchise or royalty costs everytime and rather invest that money in your preschool’s infrastructure.
You will have your own reputation in the society and you are the boss then! You can decide your policies for the preschool and act according to them. No longer do you have to be under the administration of a franchise.
Teeny Beans is a zero royalty, no franchise cost preschool franchise that is only there for your help. We’ll support you in everything from making a preschool business plan to running your preschool smoothly. You open a preschool with your brand name and get guided by us to be on the right track.
We only want your success. Contact us for further queries.