Starting an Abacus Education Franchise - 8 Things to Know
Education franchise is a popular business opportunity in India today. It lets you experience the joy of giving and at the same time make a living. That is the reason why so many emerging brands are seen around. However, it is difficult to pick the right education franchise because all appears the same on the surface.
Since you have chosen to enter the education industry, it means you are going to be part of a highly respected service sector in society. And of all, if you are considering opening an abacus education franchise due to the high demand for mental arithmetic programmes, you have to be very selective.
To be the top-notch provider of abacus training in your area, there are several factors to consider. But, if you have access to a reputable brand name that gives continuous support and accurate teacher training, managing an abacus education franchise becomes less daunting and straightforward than running any business from scratch. In fact, operating an Abacus education franchise can be a very lucrative part-time business option for retired professors, teachers and even housewives.
Nevertheless, keep in mind - starting an abacus education franchise is a big decision to make because it can’t be easily reversed. Therefore, it is best to take into consideration the following 8 factors before you choose the right brand with a reputation held among abacus franchises in India:
International Reach
The first and foremost important thing in selecting an abacus education franchise is to cross-check the brand’s reputation you are considering. It is always wise to ensure you tie up with a name that has a global reputation and is not only specific to your region like Brainy. Brainy is one of the top brands when it comes to an abacus education franchise with global reach. They always maintain high standards of education quality with added benefits.
On the other hand, marketing with Brainy always becomes easier because of the international name and fame the brand possesses. The students of such academies always get opportunities to participate in competitions at an international level and that makes it a worthy affair.
Constant Upgradation and Improvement
As we know everything needs constant improvement with time. Thus, a reputable education franchise will always keep itself updated. It will work continuously on its courses, the pedagogy, the rules and policies to provide excellence to its customers.
Before starting an abacus education franchise, keep a close eye for some time on every move of the chosen franchisor and if you feel satisfied with this factor, take it as a positive sign of their commitment to constant upgradation and improvement.
Client Communication
Effective communication is vital between the franchisor and the franchises. A genuine brand will always work towards helping its customers and solving their problems. If the issues of the existing franchisees are heard and taken care of timely, it is a sign of success for the company.
Sometimes, at the local level, certain issues are difficult to resolve. Therefore, these have to be taken at the regional level and if the brand is not competent enough, such issues remain pending for days altogether.
Thus, it is highly advisable to talk with existing franchise holders. Listen to their experiences and understand deeply before making any decision.
Excellent Teacher Training
Any abacus education franchise is much more about the right teachers and mentors. To teach with an abacus requires good training and anyone with some math skills can definitely learn. A reputed parent company will always handhold till the teachers are perfectly trained up to the standards of an internationally acclaimed abacus academy.
Teachers are the guiding lights of an institute and good teachers always give more confidence to their students. Therefore, boosting the overall learning process of students as well as the credibility of your academy.
Transparent Fee Structure and Royalty
Next, always analyze the fee structure of your chosen abacus education franchise. Compare it with other brands and see if the franchisor can justify all the charges asked. Also, speak with a few parents nearby and try to get their viewpoint about the fee. Do they feel it is high or a genuine amount? What makes them agree to the amount and why? Get a deep understanding of how you will be able to convince them to enroll their children.
Royalty, on the other hand, is very important in any education franchise business. Ensure that the percentage is reasonable and there are no hidden costs. Feel free to ask your chosen abacus education franchise any questions that you may have. Plus, do read the contract very carefully and understand everything in depth.
Techno Friendly Operations
For easy management of daily tasks and needs, every good abacus franchise will always be technologically savvy. It will ensure there is no hurdle in the processes of daily tasks like student registration, fee tracking, getting any soft copy of teaching materials, student attendance, status of royalty or any other similar support.
There’s no doubt that technology reduces work in a great manner. So make sure you do not ignore this and understand the processes accurately before starting an abacus education franchise on your own.
Quality Check
With quality checks, it becomes clear whether a brand with benefits will always maintain its rapport or not. This factor connects with the quality of teaching as well as the quality of the material provided by the chosen abacus franchise.
With good quality material that lasts longer, students and parents are more satisfied. They tend to have a good impression of the brand and do not make small complaints. This also means the franchisor provides additional material via online sheets for extra practice, a mobile application for the child and parent to check on weekly progress, good quality printed textbooks and bags etc. Personally check on every material quality for your satisfaction.
Friendly Approach
A successful partnership is based on a supportive and approachable franchisor. In fact, this is what matters the most - a team of approachable members, good mentors in running the education franchise and friendly support on any issue raised.
If the parent company listens and supports you while making you feel free to connect for even small matters then there is nothing better than that. But if the franchisor is not easily available or you feel hesitant to communicate, it might be a problem later.
So, last but not least, ensure you are very comfortable with your chosen abacus education franchise to make progress with the brand shortly.
The Final Bead: Adding Up to Success in Your Abacus Education Franchise
Lastly, take into consideration all the above points before you collaborate with a brand to start an abacus education franchise. Generally, abacus courses are long-term programs. It gives effective results only after the completion of a certain number of levels. So, if an abacus academy is not competent enough to go far, the results will never be seen and ultimately it will never solve the purpose of students who are enrolled in programmes like Brainy Abacus.
