Entrepreneurs (like you) are driven by the most coveted calling – ‘Be your own boss’.
What if you get a career option with everything you were eyeing? Profits, social impact, everything while being your own boss.
If your reaction is a resounding ‘how’, you are at the right place.
Do you think you would require a breakthrough idea to make an impact in the world? Think again!
You just need to own an education franchise.
Education franchise ownership ticks every box on your business checklist. Education franchises allow you to make a worldwide impact by offering educational support to others. It also takes care of your profits while enabling you to be your own boss.
Education franchises are amongst the best career options, as providing education is the noblest service to mankind. It will surely drive profits, but no business can match the satisfaction you get.
Does education franchising pique your interest?
Let us dive right into the details of education franchising.
Why Franchising in Education?
There is no denying that education franchises fulfill both financial and social objectives.
However, there are numerous other reasons for you to consider franchising in education.
You Don’t Need to Reinvent the Wheel
When you start a new education center, you have to build your reputation from scratch.
However, parents are often skeptical about trusting a new educational center as opposed to one that has been proven reputable.
Education franchises offer you leverage on an already established education brand.
To put it simply, the chances of survival of an education franchisee are much greater than an all-new education center.
Schooling Isn’t Enough
There is no denying that schooling holds importance, but is it enough? Certainly not!
This void in education opens a promising business opportunity for education franchises. The skyrocketing popularity of education franchises confirms the pressing need for quality education beyond schooling.
Also, the rapid increase in population demands revamping the current education infrastructure.
You can leverage this growing demand for quality educational support by considering education franchise ownership.
Education Franchises are Flexible
Education franchises are not limited to a single domain. They provide you the flexibility to choose from a plethora of options such as –
● Early Education (Daycare & Preschools)
● K-12 Education
● Higher Education
● Vocational Training
● Coaching & Tutoring
● Education Consultants
● Education Supplies
● Remote Education (Online & Distance)
Recession-Proof Industry
No one must stop educating themselves no matter what. This phrase seems to positively impact the education sector.
The graph of demand in education always keeps increasing, untouched by severe upheavals. The education industry has its ups and downs like any other business, but it won’t be stagnant.
During this lethal COVID-19 pandemic too, people have found a way to educate themselves by leveraging online education. The education industry is recession-resistant.
How to Choose an Education Franchise (Eduprenuer’s Recipe)
There are plenty of education franchises out there. Here are some options that will help you choose the best fit.
Research, Research, Research!
To find an education franchise that aligns with your personal and financial objectives, you must carry out thorough research. Dig deep into the credibility, policies, and work culture of the franchises before you finalize one.
Count Your Money
Having an education franchise is affordable. However, always count your money as there are additional working expenses involved too.
Read it Properly
Read the Financial Disclosure Document (FDD) properly. Don’t just skim through this 200 to 300-page document. The FDD contains necessary information like who owns the company and what is their background; how financially strong are they; the type of training the franchisor offers, has there been any litigation, especially by franchisees; what is the franchisee failure rate; a breakdown of the investment expenses; all of the contact information for existing franchisees; and much, much more.
Closing Thoughts
Every entrepreneur’s dream (including yours) is to run a profitable business that has a positive impact on the world. Being an ‘Eduprenuer’ fulfills this purpose.
Education franchising takes care of your social responsibilities. And it ensures a bright future for the next generation by imparting quality education.
About the Author
Bill McKee has been a business owner since 1993 and built several successful businesses. He has a fascination for understanding different business models and really enjoys helping people. For those reasons, he has been a franchise consultant since 2007 and has helped well over a hundred people to be awarded franchises. If you are interested to see what is available in your area, contact Bill at (972) 767-8433 or Bill@TheFranchiseConsultingCompany.com.