Franchise Spotlight: Education
The education sector is an industry that is sure to weather and thrive, whatever the economic climate.
“Education is the most powerful weapon which you can use to change the world” said Nelson Mandela. World leaders, politicians, scientists and philanthropists alike are unanimous regarding the transformative effects and unwavering importance of education. Furthermore, how, where and what we are educated in plays a crucially important role in shaping the rest of our lives.
Education and learning come in many shapes and forms. It is therefore no surprise that this is a diverse business model with many franchise opportunities. These include online courses, school clubs, adult training, business coaching, tutoring franchises and more.
Education industry analysis
One of the many benefits of the education sector is its ability to weather and indeed thrive during economic downturns. Analysis shows that during the pandemic, many online learning businesses saw a dramatic peak in revenue, as many used lock-down to learn new skills, further their career development or used online courses to aid homeschooling.
Education franchises tend to offer flexible working hours and are home-based, meaning there are minimal overheads. This is also perfect for anyone who favors a good work/life balance. Franchisees can enjoy being their own boss, whilst also benefiting from the experience, training, support and access to teaching materials the franchise has to offer. Furthermore, the recognized brand name brings with it loyal customers and a reputation built up over time.
With a wealth of franchises to choose from, this is a sector that has a positive societal impact, whilst also being a hugely stable and successful business model.