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If you are a passionate educator who wants to make a difference in young lives, setting up a preschool franchise needs to be on top of your list. In taking the step, if you are held back by the thought of how the financials may work, you are at the right place. Opening a preschool is an enterprise that promotes young children’s education and development while also providing entrepreneurs with financial success opportunities. The topic of “Is opening a preschool a profitable business?” has become increasingly pertinent, particularly in nations such as India, where the necessity of early childhood education is becoming more widely recognized.

Let us tell you eight reasons why setting up a preschool franchise is a profitable business idea. Read on.

1. Need and scope for early childhood education

There is enough and more research to show that 90% of the child’s brain develops by the time they are five years of age. While a newborn baby has all the brain cells that they will have for the rest of their life, what is important are the connections between these cells. The early years of a child’s life are crucial in developing these connections. In turn, it is the quality of a child’s experiences in the first few years of life that helps shape these connections and, hence, brain development. Early childhood education, therefore, is extremely important in offering the child the right experiences. Parents are increasingly recognizing the need for early childhood education, and its scope is only slated to grow. Setting up a preschool franchise, therefore, can help you unlock profitability while, of course, giving you the satisfaction of being able to impact young lives positively.

2. Brand Recognition

The increasing scope of early childhood education also comes with several players making an entry into the space. A big advantage of setting up a play school franchise and the reason that it is profitable is that it comes with a certain brand recognition and equity. With its curriculum and all-round development having established itself with parents, a new preschool franchise tends to reap its benefits. Importantly, you do not need to reinvent the wheel, tell your brand story to the world, or spend resources in the bargain.

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3. Scientifically developed curriculum

A major success factor for a preschool is its scientifically developed curriculum. After all, that is what ensures the all-round development of children. Once again, a preschool franchise is a profitable business idea since you have access to this very important tool. This is as opposed to setting out on your own where you need to go through a lot of trial and error in developing the curriculum.

At Footprints, for instance, we follow the scientifically developed HighScope curriculum that is carefully designed to provide a rich academic foundation and foster child creativity and independence. The content of the HighScope Curriculum is organised around eight content areas that outline the experiences essential for the development of the child. Among other things using HighScope Curriculum content, teachers reinforce children’s play as the primary mechanism for learning and support each child in their growth.

Needless to say, developing such a curriculum will take years of work and a lot of resources. On the other hand, easy access to such a curriculum is a strong factor in favor of ensuring business profitability.

4. Training and support

A large part of the profitability also comes from the fact that the preschool brand offers the necessary hand-holding that is required in setting up operations. Right from marketing to training of employees to administration and more, the handholding ensures that the risk of setting up the business is mitigated.

5. Economies of Scale

As a franchise of a large chain, you also tend to reap the advantage of economies of scale as you can negotiate better deals with suppliers leading to cost savings. On the other hand, as an independent preschool, you would need much higher investment across domains, significantly impacting your profitability.

6. Mitigation of risk

A key apprehension when it comes to setting up any business is the risk involved. As a passionate educator, this is one thought that may be of major concern to you. With large, professionally run play schools, you stand to reap a big advantage in terms of mitigating risk. Not only do such forward-thinking chains offer you a minimum guarantee in terms of admission, but they also come with a buy-back guarantee. What this effectively means is that you can follow your passion without any fear.

7. Access to Resources

Being a part of a large network also comes with the benefit of access to a range of resources, both educational and technological. Not only does it keep costs low, but what you gain from, is the fact that the preschool remains top-of-the-line and competitive, driving more students towards it.

8. Community engagement

Last but not least, the preschool chain will help you with several operational guidelines, including but not limited to maintaining community engagement. In turn, this engagement goes a long way in creating a positive reputation and word-of-mouth in the local community, further increasing enrolments.

To Sum Up

The importance of early childhood education cannot be overstated. Not only does it offer children pre-academic skills, it also helps them develop emotional, social, and cognitive skills that stand them in good stead throughout life. If you are a passionate educator who believes in helping children with how to think and want to create lifelong learners, the opportunity of setting up a preschool franchise beckons.

At Footprints we are on the lookout for passionate and motivated individuals who could make use of preschool franchise opportunities to make a difference in young lives…and build a profitable business model for themselves. If you are looking at answers to how to open a play school, we are only a call away.