Why Career Counselling Franchises are more valuable in today’s time

The first and foremost major decision that a person takes in their life is when they have to choose a career – a career that they have to pursue for the rest of their life. A rather intimidating step in a student’s life, opting for a career becomes much more daunting when you live in a world that is ever evolving – socially, economically, and technologically – and thereby presents a lot of options to you to choose from.  

About 20 years ago from now, who had expected that there will be a full-time job opportunity for a ‘Social Media Manager’ in every other company in the coming years? With the ever-evolving world, we cannot expect to hold onto the old-fashioned career choices. Students look for something new and exciting. With the passage of time, new-new opportunities emerge to align with the advancements of technology and the world grows much more exciting. More opportunities create more choices, leaving students perplexed and uninformed. This is where the need for career counsellors arises.

Career Counselling Franchises: What the Segment Upholds

Talking about the size of the segment, the career assessment and guidance market is currently estimated at over Rs 5,000 crore in India and is constantly growing. As per recent reports, it has been revealed that India is in dire need of 1.4 million career counsellors for students. In such scenario, starting a career counselling business can be a profitable venture for career counsellors that are seeking new and exciting opportunities in their own careers.

Some of the established brands in the field also extend franchise opportunities for like-minded entrepreneurs who can help them expand their business by associating with them. Career counselling franchises are becoming valuable than ever before and are the hottest opportunities for entrepreneurs.

Lucrative Franchise Opportunity

Going by the statistics, the segment seems to be very lucrative for new businesses and start-ups. However, franchising has some proven benefits for the entrepreneurs in this field:

• Unless you are a known name in the field of career counselling, students and parents might not be convinced by your guidance. This is where the association with a brand name will help.
• As you continue with someone else’s innovation, you don’t have to put extra time and efforts in thinking about your own innovation; instead you can use those efforts in expanding your vision with your franchisor.
• Every start-up business runs to investors for additional funds in tougher times, and investors do not easily put their faith in the start-ups. So, associating with a bigger brand can help you attract more investors. It is believed that investors are more considerate to franchisees in comparison to independent business owners. This is because franchises have more chances of getting high returns on investment.

Investment Facts in Career Counselling Franchise

For those who are interested to buy a career counselling franchise, here are some of the facts that you should be concerned about:

Investment Required: Rs 2-5 lakhs

Area Required: 200 sq ft

Returns on Investment: 200%

Payback Period: 12-14 months