Resources

You’re finally going to do it. You’re going to open up that kids franchise you’ve been dreaming of. But which one do you choose? If you’re not sure where to start, we’ve lined up five great kids franchises for 2023 to help you narrow it down.The franchises in this list are kid-friendly options covering different industries to show you the variety of verticals available.Whether you want to teach, play instruments, or help kids burn off energy through physical activities, we’ve got several excellent options for you. 1. School of Rock First up on our list of great kids franchises for 2023 is School of Rock. School of Rock teaches music. From complete beginners to more experienced musicians, School of Rock helps kids grow in their art, knowledge, and performance skills across a range of musical instruments. This kid-friendly music franchise claims it is the “top education music franchise in the world.” They also state that they are the largest music school in the United States, and that they’re located in 15 countries worldwide.In 2022, School of Rock was named in Entrepreneur’s Franchise 500 list for Fastest Growing Franchises. So what’s the investment?According to their website, to open a School of Rock franchise, you’re looking at somewhere between…
Looking for the best franchises to own in 2023? In this article, we’ll look at several unique franchise opportunities and share thoughts on which ones are most worthy of your investment.For those pressed for time, here’s a bird’s-eye-view of our top picks for best franchises to own in 2023 in the United States. Best Restaurant Franchise to Own in 2023 Up first on our list of best franchises to own in 2023 is our pick for the best restaurant franchise. When it comes to restaurants, there are tons of great options, but none were as sweet for us as Dunkin’.Dunkin’ is an established brand with a lengthy history dating back 72 years to 1950. The company actually started two years prior in 1948 under the name “Open Kettle” and was later rebranded as “Dunkin’ Donuts.”The first Dunkin’ Donuts franchise launched in 1955 and within 10 years, the company had grown to over 100 locations.In 2018, Dunkin’ Donuts dropped the word “Donuts” from its name in order to refocus the brand, expand its product lines, and open up new sales opportunities.So what do we like about Dunkin’?01. The Initial InvestmentWhen you invest in a Dunkin’ franchise, you can expect to put in less than…
Franchising opportunities are some of the most efficient ways to start a new business and increase your revenue streams. The cost and effort associated with beginning a completely new concept from scratch, building a brand, and penetrating the market with a fresh idea or product can be significantly overwhelming in today’s marketplace. When you take advantage of a franchise opportunity, you can capitalize on the company’s pre-established brand awareness, marketing, and gain valuable support from the franchisor. Here, we will discuss some of the most well-known franchises in the market and which ones are the most profitable. Fast Food The business model for established fast-food brands has been tried and proven to be among the most effective models in the marketplace for several decades. And when you think about fast food, it is impossible to not think about McDonald’s. McDonald’s is an international fast-food chain, and currently has over 38,000 locations selling a combined average of 10 orders per second. With an initial investment requirement weighing in between $1 million to $2.2 million, and each franchise earning an average annual profit of $150,000, the McDonald’s franchise is an absolute powerhouse and currently ranks as one of the world’s largest and…
Location, location, location! You’ve heard it before, and it is more true today than ever before. Your franchise location can be the sole determining factor in its success or failure if not given enough consideration. This fact is just as true for billion dollar brands as it is for small “Mom and Pop” startups. So how do we know which locations are the best, and what factors do we need to consider when making our decision? We will discuss this, and more in the article below. Demographics Anytime a company wishes to open up a new store, introduce a new product, or reach a new audience for its marketing campaign, demographic research takes a top priority before any other decisions can be made. For a new franchise location, this demographic information will be a prime indicator of who your regular customers are likely to be. If your franchise intends to sell expensive products, you may want to avoid locations with lower income housing, or areas with household income lower than the region’s average. A car wash might not be the best idea in a condensed urban area where most of the population walks, or uses public transportation to get around.…
Franchises are often referred to as a “business in a box” or a “turn-key business.” However, that doesn’t tell you which franchise is best to invest in. Today, we’ll share five signs of a hot franchise opportunity to help you figure out which ones make smart investments and which to stay far away from.As you begin to think about investing in a franchise, you should first consider what you want from your business. It helps to answer a few questions:How much of a success guarantee do I need?How much can I invest?What franchise fits my personality style?Once you have your responses, use them to help you spot a hot franchise opportunity by looking for these signs. Sign 1: Historical Success One of the most obvious signs of a hot franchise opportunity is the level of success over the lifetime of the business.INVESTInvest in a franchise that has a lengthy history of success and profit.AVOIDAvoid new franchises that don’t have an established history or that try to hide their history from youThe past is the best indicator of future success. Proven business models come with success built into their processes.When you invest in a franchise with historical success, your chances of…
A million and one. That’s how many things you have to figure out before you launch your STEM startup. So how do you prepare your STEM business without losing your mind? Simple, you develop a STEM education business plan.As with any business, there are easier ways and harder ways to get it off the ground. Planning and preparation are both critical to help you achieve success.In this article, we’ll cover business planning so you can start to develop a roadmap for a successful launch. Getting Started With Your STEM Education Business Plan To avoid feeling overwhelmed, it’s best to keep things as simple as possible. Focus on one step at a time.The first step as you start to prepare is your business plan.A thorough plan not only helps you outline the business model, but it takes the mystery out of each individual component.Take location, for instance.How do you find and secure a great location for your business? Should you lease or buy? What zoning laws or building codes and regulations do you need to be aware of?As you work through the sections of your business plan, you will answer all of these questions and more. Once finished, your plan serves…
The education sector has thrived as a profitable business industry for decades. But is there still room to start an education company, or has the opportunity passed?The reality is, there's always room to start an education company. The world changes constantly causing dated education models to fade while revolutionary ideas take their place. So yes, NOW is a great time to start an education company.  What If I Don’t Have Experience? Many businesses are founded by people with little to no experience in their prospective fields. Education companies are no different.You do not need experience or a degree to launch an education company. As the founder of the company, your role is to bring the right people together underneath you to create a proper learning environment.In other words, you need to hire instructors with the education and experience qualifications to provide a high-value learning environment for students. This doesn’t mean experience and a degree aren’t valuable by the way. Rather, if you lack a degree, that doesn’t have to end your business dream.As an entrepreneur, your job is to build the business. Having knowledge in the skill areas you offer can help you hire the right people, but even without it, you can make…
It’s on your mind - an education business. You’ve thought about starting one. You’re confident you can teach kids valuable skills and grow a successful business around it but is now really the right time? Yes! Now is the right time to launch your business. Opportunities are booming in the STEM education space. It has never been more accessible or affordable to start an education business, so don’t let your dream slip through your fingertips. It’s daunting to leap into your own business. Thankfully, entrepreneurship doesn’t have to be scary (or even risky). Today, we’ll explore opportunities in the education sector, and then we’ll show you how to launch a science, technology, engineering, and math (STEM) startup with a roadmap for success. The Future of Education Businesses​ If you pay attention to world events, you know there’s been an uproar in education. Parents feel their kids aren’t being taught valuable skills and knowledge that prepare them for the real world. As a result, they began to search for solutions outside conventional education. Unfortunately, the number of non-traditional learning institutions is limited, especially in certain areas like STEM. The education crisis is tragic for parents but great for entrepreneurs. It means a vast…
The world is rapidly changing, and the educational system is falling behind. Schools are scrambling to modify their curriculum to include modern STEM education. However, this systematic change is bringing a few issues to light.Firstly, teachers aren't well equipped with the materials and methodologies to teach STEM in the most impactful manner. Also, schools aren’t able to provide the amenities necessary for every student. Further, the teaching staff requires frequent training and will need equipment upgrades to stay current with evolving technology. How Does A Children's Education Franchise Make A Difference? Although some schools are working hard to create their own STEM curricula, it will take a long time for them to catch up due to the pace at which technology is changing. This is where a children's education franchise comes into play.  A children's education franchise has immense experience in the domain and already has trained instructors and modern equipment. Let's look at three reasons why many schools are electing to partner with a children’s education franchise rather than develop programs of their own. 1. Community Demand Parents today are looking for more technical education and practical experience for their children. With the power of the internet, they already…