Distance education empire near to end, What next ?

There was a time when correspondence course education business was a boom. Training center were flooded with admissions into BCA, MCA, BA, MA, MBA and other similar traditional courses. Now with the order of supreme court to UGC and concerned universities, such study centers and training centers have become null and void.

In this high tide time as a lifeline such training centers are adopting skill development courses sponsored by government and CSR projects. As in most of the projects candidate is not charged so mobilization and counselling of candidate for the enrollment becomes easy. 

The most interesting thing to know about skill development projects is there is delay in release of payment to project implementing agencies which results in delay to the payments to Training Centers. Some times the duration of this delay is 6 months to 1 years or might be even more. Those who have the back up of funds arranged become successful while many quit this business of grant based projects.

One more thing, these skill development placement linked skill development projects are like a cup of tea for your business. These do not last longer. Most of the project is designed for up to 3-5 years. Now the Infrastructure and staff could not be kept idle as the cost is involved so the Training Center owners must find a way out to generate revenue. Below mentioned are the five tips which could be helpful in profit maximization for your Training Center:

1. Partner with reliable Project Implementing Agencies that too on clear Terms & Conditions mutually agreed in written
2. Check the project scope in terms of target and milestones periodic for your center and analyse the gaps when your infrastructure will be kept idle. 
3. Get partnered with other agencies for similar projects keeping the buffer time in mind
4. Get affiliated as Study Center of your State Universities for regular revenue as the projects will not provide you regular income every month every year
5. Keep your affiliation documents ready and become the impaneled Training Center for Block or District level small projects in your expertise like Data Entry Works during census etc

You will be surprised to know that government is not capable to run this sponsored skill development projects for entire population so they shall be shifting this to paid skill development projects. 

We shall discuss about it in more detail in next blog. Till that time enjoy reading and plan your strategies well.