You offer very niche and highly valued educational courses (offshore training) to foreign students combined with customized holiday trips / excursions in India, charging them a combined amount with a premium attached.
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Is this for me
Selfless customer focus and excellent HR skills are a must for a successful Offshore Training enterprise as you need world class trainers to offer an impeccable quality.
Insight
"Persistence and focus eventually pays off. As per the 10,000 hour principle expounded by Malcolm Gladwell in his bestseller “Outliers”, 10,000 hours of practice is a prerequisite for great achievement,” Rohit Aggarwal.
How it was done
Koenig Solutions started in 1993 as a domestic training company, with a capital of Rs 1 crore. In the dot com bust Koenig decided to downsize and focus only on the profitable niches. Koenig saw an opportunity to make an extra buck by bundling hotel tariff in the course fee and making money on commission from the hotel (a miserly amount of Rs 200/- per day seemed likea princely sum to us in those days). The first student came from UK in 2002. Being happy, he agreed to become our referral in UK. We started receiving more students inspite of ramshackle facilities, but gave students 1-on-1 training and abundant attention of admin staff which saved a lot of money. Over the years, our facilities and computers are now state-of-the-art. Koenig is now established as the leader in Offshore Training and other enterprises in South East Asia are following its foot-steps.
Investment - Rs 40-50 Lakh
Avg. Break even - 1 year
Margin - 60%
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