Industry Analysis & Industry Trends
Many online businesses have developed convenient tools and programs for students as a substitute for services provided by the Tutoring and Test Preparation Franchises. Low employment has further depressed consumer spending on tutoring and test preparation. To attract clients, industry franchises have spent an increasing proportion of revenue on high-quality teachers and marketing, which have caused costs to skyrocket and hurt profitability. In the five years to 2019, the industry will benefit from rising employment, school enrollment, government funding and disposable income. Nonetheless, competition from online-only services will continue to remain a challenge.... purchase to read more
Industry Report - Starting a New Business Chapter
The Tutoring and Test Preparation Franchises industry has low barriers to entry. The most significant barrier to entry is competition among industry firms that already have an established reputation for quality. Franchises in this industry rely on their name brand and reputation to attract students investing in their education. However, individual operators are able purchase franchise rights with relative ease and are able to benefit from the company's established reputation as a result.
Capital investment required to start a tutoring or test preparation franchise is relatively low. Besides spending on rent and utilities, as well as the purchase of some computer equipment and software, the majority of industry costs are related to wages... purchase to read more