Why EdTech Startups Fail?

Indian educators are constantly trying to walk hand in hand with the innovations happening in the industry. It’s like a tough riddle which the educators are constantly trying to crack. Indian educators are trying to create a positive environment for learners of all ages, well equipped with technologies and equipment.

A lot of factors are responsible for the low success rate of EdTech startups. Here are a few which have been observed by experts in the education startups over the years.

Business Model

Most of the educators fail to mark their presence as they lack in a proper business plan. Often, a proper business plan acts as the key to the bright future of a business. Every day, we are witnessing new startups and education franchises emerging.

A proper business plan will help you to stand odd, earning quick profits. Never compromise with quality as today’s generation is starving for quality and experience.

Have patience

Don’t expect the success to come early. Every beautiful thing requires time which is essential. Have patience and plan accordingly. Plan and research about the various technologies which are going to be used at your venue, and how can they educate the learners.

Don’t forget that survival is the key. Therefore, if you want to build your career in this sector, remember to cover the journey with the right reasons.

Identify your users

Young franchises or startups face most of the difficulties in this industry. Experts claim that the young set of customers can’t be sustained for a long time. You can never calculate your growth as an educator based on the first set of customers.

It is the next set of customers which is central. They have faith in you yet are skeptical. If you are able to assure them and deliver right, you are heading in the right direction. Also, feedback from the users should be taken note of as it can help you refine your model further.