The education sector is wide, full of fascinating specialisms and undeniably thriving right now. If you’re thinking about running your own education franchise but you’re not quite sure yet if it’s the correct move, keep reading. Discover five of the biggest advantages to starting a franchise in the education sector.
There are currently over 10 million full- and part-time pupils at school in the UK [British Educational Suppliers Foundation] and many more adults looking to learn in later life. Catering to this wide audience of consumers, the top education franchises in the UK come in many different shapes and sizes, from tutoring services to music programmes and a million things in between.
Why start an education franchise in 2021?
The COVID-19 pandemic has thrown up a whole host of challenges for business owners, and it’s been no different in the education sector. But COVID has also been an opportunity in this sector in particular, as more kids than ever have been in need of additional tutoring and additional stimulation, and more parents than ever have seen the positive impact that educational support further to school and the curriculum can have.
Online tutoring services in particular have improved and expanded exponentially. Between 2021 and 2025, the online tutoring market is actually poised to grow by over $153 billion [Technavio]. If you’re interested in starting your own business, franchising is a safer, lower-risk way to go about it that still grants you plenty of freedom. And in 2021, there’s never been a better moment to launch a learning franchise.
The 5 biggest advantages of an education franchise investment
You’ve briefly discovered the reasons to franchise rather than starting from scratch, and you’ve found out a fair amount about the education industry and the demand evident for the services provided by those running an education franchise. As you browse Point Franchise’s wide range of education franchise investment opportunities, be sure you’re also bearing in mind the following key advantages of investing in an education network...
1. You’ll be able to find a lower-cost investment option that’s perfect for you
The average cost of starting a franchise was £42,200 in 2018 [British Franchise Association], which is no small figure. If you have all of the drive but not quite as much to invest as that, you’ll be pleased to know that this average is, as most averages are, highly subjective. It comes down to the type of investment you make, the area of industry you invest in and a million other factors.
Within the fields of education and tutoring, there are many different brilliant investment options available to you at a cost below this average. First Class Learning, for instance, requires a minimum initial investment of £10,000, with franchise fees of £8,000. And in another niche, Progressive Sports requires a minimum initial investment of £9,950.
2. You’ll benefit greatly from extensive franchisor training and ongoing support
Franchising allows you to do anything at all. You don’t need any prior industry experience, in most cases, to thrive as the owner of an education franchise. Why? Because franchise networks provide an extensive and comprehensive programme of training that equips them for success regardless of their background.
Even after the initial training period is long over, any good franchisor will continue to support and be there for their franchisees however they can, knowing the success of the entire network depends on the success of each of its individual parts. This could mean refresher training and development courses, or marketing assistance, or even just good, old-fashioned expert advice.
>> Read more:
3. You’ll have a positive, meaningful influence on people
As a business we genuinely want to inspire children to be healthy and active for a lifetime. That passion has also inspired our mission statement, which is to positively impact every child’s life at every opportunity as it typifies our aims as a business.
If you want to conduct important work that has a real impact on the lives of others, why not become a franchisee in the education sector? Whether you’re working with the next generation and shaping minds at an early age, or just helping adults to make improvements and better themselves, you’ll always know that what you’re doing has value - if you’re really good at it, you’ll find your students will probably tell you this! Life as an education franchise owner isn’t just potentially very financially rewarding, it’s also emotionally rewarding.
3. You’ll do a job that you’re truly passionate about
There’s nothing worse than working full-time in a role or an industry that bores you to tears and doesn’t make you happy. If that’s your current situation and you’re more than ready for a new professional journey to begin, making a career change with a tutoring franchise or an education business of some kind might well be the answer.
If you love all things science and nature, for instance, there’s an investment in Mother Nature Science waiting for you, and with it a chance to actually enjoy each work day. Or, if you derive deep joy from music, and from sharing music with others, there’s options like Monkey Music and Popcat’s Music Time. Whatever you love could become your specialism!
>> Read more:
- 5 Advantages of Franchising for Young People
- 9 Things to Know Before Becoming a Franchisee
- Mythbusters: Common Misconceptions About What Makes a Successful Franchisee
- 5 Great Reasons to Become a Franchisee
- Franchising 101: Are You Ready to Become a Franchisee?
- Franchising 101: 6 Things to Know Before Becoming a Franchisee
4. You’ll enjoy flexible working hours and a good work/life balance
As a business owner with franchisor support to back you up, you’ll still largely be free to set your own hours, just like you would if you were going it alone. Owning a franchise means that you can create a working life that suits your lifestyle, rather than doing it the other way and existing around the whims and schedules of your employer.
In many cases, you’ll even be able to work from home completing online teaching sessions, giving you further freedom to dip in and out of your working day. Chat with franchisors before you invest to get a better sense of how they’ll help you to balance life and work as a franchisee - that way, you’ll know you’re in good hands.
Start running your own business in the education sector today
If you’re now feeling even more set on the idea of starting an education franchise, stay on Point Franchise and continue your research on the specifics of life as a first-time franchisee. Find out which five mistakes you should avoid, which successful habits you should cultivate, and how you can manage stress as a franchisee before it overwhelms you.
Lily Sweeney, Point Franchise ©