Choosing the right franchise is as much a personal choice as it is a business one. If your business is to be a success, you will need to invest an incredible amount of time, energy and money over several years. In today’s dynamic market, there are many franchise opportunities to choose from, including van-based franchises, white collar franchises, cleaning franchises and fast-food franchises. However, one area that is often overlooked is children related franchises, including education and child care franchises. These are companies that are focused on delivering services to support children aged up to 8 years old. The market is vast and includes everything from clothing and education to child care. So, in this blog, we are going to look at five reasons why investing in a children’s franchise makes sense. And why, if you love children, this could be the perfect business choice for you and your family.
A business built around enriching the lives of children can be extremely rewarding. Running any business is hard work, but few can give you the sense of fulfilment that a child-based business can. Working with children will also strengthen your bond within the local community, so you’ll not only be contributing to the development of children in your neighbourhood, but you’ll make new friends along the way. So, if you love working with children, a child based franchise, especially one based around child care or education, could represent the perfect opportunity to build a successful and rewarding business.
2. A proven business model with superior support
One of the most challenging parts of starting a child-based business is knowing that you are all on your own out there. However, with a children’s franchise, a lot of the hard work has been done for you. Most child based franchises provide extensive training and support for new business owners. They have already developed the detailed systems and processes required to run the business, including drawing up contracts and arranging insurance cover. This takes a lot of the risk out of starting the business and allows you to focus on supporting the children rather than managing paperwork. It is also comforting to know that someone is working in the background for support when you need it.
3. A dynamic, fast-growing industry
Increasing birth rates across both developed and developing nations mean that the child education and fitness market is one of the fastest-growing and dynamic sectors in the world right now. For example, the early childhood education market is set to grow by around 10.5% a year until 2027. In 2019, the market was estimated to be worth around $245 billion but is expected to reach $480 billion by 2024. This represents a great opportunity for entrepreneurial-minded people who are looking to build a rewarding business focused on delivering early child development services. This could include services such as kindergartens, after-school clubs and language skills.
4. No experience required
Unlike other specialist franchises, a children’s franchise doesn’t usually require any previous experience. You may find this surprising, especially for franchises focused on education, but most roles are easy to learn, especially if you are already a parent. The best franchises usually have programs for franchisees in place that provide all the training you’ll need. This is then backed by support in the field as your business expands. So really, the only thing you need to be successful in the children’s franchise market is a love of working with children combined with plenty of drive and ambition. The rest you can learn on the job.
5. A wide choice in the market
When it comes to children’s franchises, there is a diverse range of opportunities available. Prospective franchisees can choose from education programs, child fitness classes, child care franchises, language courses, playgroups, cooking clubs, theatre groups and much more. So, no matter what your interests are, you are sure to find a children’s franchise that allows you to share your passion with the next generation of kids. There can be no finer way of making a living than that. The diversity in the marketplace also greatly increases your chances of success, because your new business will have little to no competition. Choose the right business and you could have the market for yourself.
So, if you love working with children and have plenty of drive and ambition, a children’s franchise could be right up your street. And with so many options available, you’ll be sure to find an opportunity that allows you to combine your interests with your new venture. And don’t forget, with a franchise, you won’t be on your own out there. You’ll have all the support you need to grow your business.