Kick-Start Your Entrepreneurial Dreams By Starting a Sports Academy

Sports and physical activity for children could be linked to outcomes such as character development, better physical and mental health, and teamwork. All these qualities go a long way to improve an individual’s persona.

We have crossed generations from being told ‘Padoge likhoge to banoge nawaab, kheloge kudoge to hoge kharaab’ to an era now where government & parents alike say ‘kheloge kudoge to banoge lajawaab.

With various sports, other than cricket & football, coming into the limelight, there is growing potential for starting a sports academy.

Why You Should Start a Sports Academy

With the evolution of Sporting Leagues, better Infrastructure, modern parenting concepts, new age schools, fully developed housing societies and above all a new culture where people can now realistically imagine a viable career in sports beyond just cricket is leading a slow but new revolution in India. Many sports are now emerging to be as a career opportunity, for e.g., Tennis, Badminton, Kabbadi, Hockey, Boxing, Wrestling, Swimming etc.

Parents are now eager to explore their child’s athletic talents and admitting them in sports academies. Another major reason is that, with the influx of technology in today’s generation, most of the children spend their time over gadgets and smartphones, rather than playing outside, which in return turn the kids into a couch potato. Thus, parents are increasingly making the kids join sports academy to instil a healthy lifestyle pattern.

India is forecasted to become the youngest country in the world by 2025, with 63% of the population to be youth. The future of Indian sports will be determined by the youth of the country. Thus, starting a sports academy now will provide you with the benefit of a large young population in future.

Increasing Government Support

Realising the need for sports and a healthy lifestyle in India, the government of India has rolled out various initiates to support and sustain the sports industry. The Indian government has turned its attention to developing the sports sector as a strategy to create jobs, generate revenue, and attract investment into the country, aside from nurturing sports talent.

Franchising: The best way to kick-start your Sports Academy

Starting your own academy from scratch is great, but you can also opt for franchising model. Many famous sports celebrities have started their own academy and are passing on their knowledge and experience through franchises, such as Mahesh Bhupathi Tennis Academy, Sehwag Cricket Academy, Prakash Padukone Badminton Academy, Gopichand Badminton Academy etc. Franchising model not only helps in brand growth but also makes it easy to get bank loans and investments. Some other benefits of franchising are:

-High ROI and Break Even Point

-Income Growth

-Recurring Income

-Recession proof business

-High return on investment

-Breakeven in six months.

Things to Consider Before Starting a Sports Academy

There are many things that you need to consider before starting a sports academy. To begin with, the foremost thing you should have is a well-crafted business plan. Your business plan plays a crucial factor in the success of your academy. Secondly, you need to draft a financial plan. Remember that starting a sports academy is a bit costly business opportunity. Taking up a profitable academy franchise may require an initial investment; starting from 10 lakhs to 1cr. Area required is ranges from 800 – 2000 sq. ft. Franchisors anticipate a high return on investment of about 140%.