In recent years, the education industry has grown exponentially, creating countless opportunities for entrepreneurs around the globe. Among the many obvious social and economic factors contributing to this unprecedented growth, one curious discovery stands out: education is one of the most stable industries amid an economic downturn.
In an interview for CNBC, Karen Dynan, an economics professor at Harvard University, and Laurence Ball, an economics professor at Johns Hopkins University, placed education among the top 4 most “recession-proof” industries, along with health care, computers and information technology, and government.
The common thread between these industries, prof. Ball explains, is that they are less sensitive to changes in interest rates, and people depend on these services “whether the economy is booming or in a recession.”
The aforementioned stability, along with the increased demand for nonpublic educational services and the moral aspects of contributing to a better society, make education one of the most desirable fields for investors and entrepreneurs.
While college and university education set serious barriers to the entry of new market players, there is one niche in the education industry that is exciting, fulfilling, and relatively easy to enter even by business enthusiasts with zero experience: children’s franchises.
Stay with us till the end, to find out the top five reasons why you should consider starting a franchise business in children’s education.
Backed by the Numbers: the Fast-Expanding Education Industry
The need for quality education for children has never been higher. Starting a business in children’s education is a great way to tap into this expanding market. According to current forecasts, the worldwide education industry will develop at a compound annual growth rate of more than 14% between 2021 and 2026, reaching a market size of $10 trillion by the end of this period.
According to the global data and business intelligence platform Statista, the Consumer Price Index for Education (CPI-E) in Europe is growing at a rapid pace. Despite the income inequalities between the different European countries, a similar trend is observed all around the Old Continent: Europeans are willing to spend more money on high-quality education.
The CPI-E index is similar to the Consumer Price Index (CPI) but is specifically designed to measure changes in the cost of education. The CPI-E typically includes education-related expenses such as tuition fees, textbooks, school supplies, and other education-related expenses.
The Fulfilling Journey of Starting a Franchise Business in Children’s Education
As an entrepreneur, launching an education business can be an incredibly fulfilling experience. It’s a chance to make a significant contribution to society while also earning a profit. Read until the end to find out the top reasons to start a franchise in children’s education.
1. Personal fulfilment
One of the most rewarding benefits of starting an education business is personal fulfilment. As an educator, you have the power to positively impact children’s lives by teaching them valuable knowledge and skills. You would have the power to change your students’ lives for the better and you could put this power into practice as part of your day-to-day work. Helping kids achieve their potential is a source of immense satisfaction.
2. Financial benefits
Starting a business in children’s education can be financially lucrative. As a franchise owner, you will benefit from the established reputation and brand of the franchisor, making it easier to attract customers from the very beginning. Additionally, children’s education is a niche market where parents are willing to pay a higher price for quality education, and where your potential clients would view this price as an investment in their children’s future.
3. Autonomy
Owning a franchise business in children’s education provides an excellent balance between autonomy and support. As a franchise owner, you have the freedom to run your business as you see fit, while still having access to the support and resources provided by the franchisor. This support includes training, marketing materials, and ongoing assistance to help you succeed.
4. Flexibility
Starting a franchise business in children’s education gives you the flexibility to work from home, or anywhere else for that matter. You are free to set up your own work schedule, you can choose to be busy in your most productive hours and take a break when you need it.
By being your own boss, you can achieve the much-desired balance between your work, family, and personal life. With the right systems and processes in place, you can operate your business remotely, giving you the freedom to work on your own terms.
5. Positive impact on your community
Owning a franchise business in children’s education provides an excellent opportunity to positively impact your community. You will have the chance to work with local schools and organizations to provide quality education to children. This kind of involvement in the community can help to build a positive reputation for your franchise business, leading to more customers and increased success.
Start Independently or as Part of a Franchise?
Starting a business in children’s education can be challenging, especially if you are new to the industry. One way to mitigate the risks involved in starting a new business is to join a franchise. A good franchise opportunity should be able to provide you with a proven business model, a well-known established brand, and ongoing assistance in your business operations.
The Science Made Fun Franchise by High Touch High Tech
Our franchise specializes in developing fun, interactive STEM education programs for children of all ages. Our hands-on science experiences currently reach over 16 million children around the globe. With our proven business model and excellent support, we are currently one of the best franchise opportunities in the field of children’s education in Europe.
Our award-winning global franchise has a proven track record of success, with over 30 years of experience in the industry and 12 countries of operation. Franchise owners benefit from comprehensive training, ongoing support, marketing assistance, and a road map to a successful business model, serving over 16 million children per year.
If you are curious to learn more about our franchise opportunities, watch the video below and hear what some of our current franchisees have to say about us!
By choosing the Science Made Fun franchise opportunities, you benefit from extensive training and ongoing assistance from our expert support teams. Depending on the level of support you need and the preferred franchise territory size, you can choose between three different franchise packages (click here for details).
Starting a business in children’s education is an excellent opportunity to make a difference while achieving personal and financial success. By becoming part of a well-known global franchise like Science Made Fun, you can kick-start your business journey and benefit from its established brand reputation right away.
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