Flaws That Can Make You Money|
Educators meet Entrepreneurship
In India, it is a known fact that we have major manpower resources and a demographic bonanza of a young population of 600 Mn that are under the age of 25 years. They are a target segment of the fast-growing Indian education sector, which has a CAGR of 25% per annum. It turned out to be a lucrative industry for Edu-Preneurs.
An industry that amounts to $105 Billion has a gazillion opportunities hidden within itself. This industry turns out to be recession-free since there will always be a need for good coaching centers and good teachers. It offers a good cash flow to the involved parties. But in order to make flaws in opportunities one needs to find the pain points in the first place. How lucrative this industry looks from outside but the system is plagued by various factors like a good platform need, right investment decision, adequate environment for students, and much more.
Edupreneurship can mean building unique learning programs, developing e-learning software and apps, or even getting involved in the gamification of learning a particular content area.
How to grow as an Edupreneur ?
Mission and Vision
The mission is the core value of any business. But restricting to a goal only might have a long term effect on the business. One should always try to see the value proposition hidden in it. As well as what value of the teaching is being perceived by the students
Play by the Rules
To stay ahead of others you must know all the rules by heart, which in return help to identify the strength of the business as well as the weakness. Which in turn helps to run the venture smoothly
Key to success: STRATEGY
Make a detailed strategy of your actions, how you are planning to start the business, investment, estimate payback, and ROI. The entire business plan should be ready even before initiating the first step. The main focus of your business should be classroom teaching and the quality of teaching.
Never underestimate your Competitors
With more than 70 million students enrolling for higher education, it becomes a cut-throat competition to retain students. It is very important to know what other edupreneurs are doing and how you have to come over them
Key to success: STRATEGY
Make a detailed strategy about your moves. Formulate a plan to start the business, to investment, estimate payback, and ROI. A master plan of running the business should be ready before even starting the initial steps. Classroom teaching and quality of teaching should be the main focus of your business
Revenue
Value creation for the students is one of the core objectives of any edupreneur. But revenue creation is the added benefit for sharing the vast knowledge bank through an online course with the students
Up to date
Keep track of the latest developments in the field and update it. There are technological changes taking place in the education system, adapt the change and if possible stay ahead of it
Partner with the best
In the world full of technology, we all know how dynamic nature can be of technology. In these times choosing the best technology is as important as core activity of business like teaching.
“We, at Rizer, provide you with all the tools and assistance required to become an Edupreneur”
