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Run Your Own Tuition Business with Franchising
Franchising is a great way to get into business for yourself, but with the support of the franchisor. Franchising isn't employment, it's business ownership, and with a tuition franchise, you reap the rewards of a successful education business in your area.
Franchising has grown considerably over the years. With many new businesses establishing themselves as franchises, the sector retains a high success rate and continues to generate substantial worth to the UK economy.
One of the leading education franchise sectors in the UK is Tuition. You won't necessarily need any teaching background as a franchise owner. Many tuition franchises are run as management business.
Tuition Franchises Can Be Run as Management Businesses
If you do have a teaching background, there's no reason why you couldn't get involved yourself. But many tutoring franchises understand that franchisees don't necessarily have to be tutors themselves if they show the attributes of a successful franchisee.
Tutoring as a management business, franchisee's roles will be to market the business and most importantly, source and manage tutors themselves. Tutor business opportunities will employ these tutors, each having their own set of teaching curriculum experience. For example language, maths, english and various university subjects.
Your role as a franchisee will be to employ these staff and market the business. You may find that the franchisor will help you with staff recruitment.
Is a Tuition Business Right For You?
Because management is generally a home based working business opportunity, the initial investment is lower. You'll pay a franchise fee, and this will cover support and access to the brand. A tuition franchise fee shouldn't cost more than £20K, some can be found for less than half of that. Likely though, you'll need to reserve working capital to continue marketing the business and recruiting staff for a few months, until you generate sufficient tutors and their clients. Therefore, £50K is a suitable budget to get started with a tuition business.
Don't forget, many UK highstreet banks and lenders are aware of the benefits of franchising. Some are actively involved with the British Franchise Association too. Therefore you can usually get a business loan via banks, or the government startup loan scheme. Support is available if you need it.
Could you be a business owner this time next year? Explore franchise opportunities near you at Franchise Planet.