Many working parents are looking for a more flexible way to combine work family commitments. One option is to set up a business, as becoming your own boss can bring new freedom. It can be risky though, which is why buying a franchise can be an appealing approach, and one that delivers good returns quite quickly. A real area of growth in franchising today is in education-focused businesses.
A franchise is sometimes described as ‘a business in a box.’ It’s a start-up business that has been successfully launched and grown elsewhere, and its owner decides to sell the concept on to other entrepreneurs. Many franchises work well as part time or home based businesses.
There’s a huge range of education franchises available today, from baby and toddler classes through to tutoring, coaching, music lessons and adult education.
workingmums.co.uk has a whole selection of education franchises on offer, which will help you understand the opportunities available.
In many cases you won’t need any teaching experience, but often an interest or aptitude for the subject of the classes is important. It might be language skills, an interest in art, dance or sport. Equally, however, there are lots of opportunities where all you need is enthusiasm.
Once you’ve found a franchise opportunity that interests you, you should look into what else is on offer in your local area. Ideally you should seek out a franchise that doesn’t have much competition in your chosen marketplace.
If things look positive, have a chat with the franchise owner. Make sure you understand what to expect in return for the price you pay for the franchise. You should be given lots of support to help build and market the company.
Franchises are available for most budgets. There are many franchise opportunities that start at just a few hundred pounds, while others might reach as much as £10k, depending on how established they are and the potential returns.
Clara James Tutoring is set to become the number 1 tutoring franchise in the UK. We are dedicated to building confidence as well as knowledge in maths and English in the child’s own home.
Once you’ve found a franchise idea that appeals to you, think carefully about how it will work for you.
Look realistically at how you will balance the business with your family life. Working from the kitchen table is very challenging with young children around, and building a business takes commitment and dedication. How can you give yourself the time you need to make it a success?
Running a franchise is very exciting and rewarding, but it can also be stressful, especially in the early days. Be honest with yourself about this and whether this is the right time to take on a new challenge.
Our franchise pages features lots of real-life case studies. Take a look for honest advice and tips to make the best possible success of your new education franchise.