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ARTICLE | May 21, 2012

Family Business: 10 Tips for Managing a Parent-Adult Child Business

A mother and her daughter, who will graduate in May from college, share ownership of a new Home Instead Senior Care franchise business, a partnership that seems tailor-made for these economic times. More college graduates are having a difficult time finding jobs, according to the U.S. Bureau of Labor Statistics. Teaming with a family member has proven successful. According to the U.S. Small Business Administration, family-owned businesses account for 90 percent of all businesses in the U.S. (large and small) and continue to be a powerful force. And senior care franchising is one way to help new graduates get their careers off the ground. 
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NEWS | May 18, 2012

Is Starting a Franchise From Home For You?

Fox Small Business Center offers tips and expertise on running a home-based franchise business.
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SECTOR REPORT | April 26, 2012

Senior Care Franchise Report 2012

Franchise Business Review's special report Senior Care Franchises offers a high-level look at the senior care/home care franchising sector. We explore what services the sector provides, what’s involved from an investment standpoint, what the “typical” franchisee looks like, and how franchisee satisfaction in the sector has fared in the past year. We also identify the top senior care franchises based on our franchisee satisfaction research.
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ASK FBR | March 19, 2012

How long have you been researching a franchise opportunity?

Franchise Business Review wants to know what you're doing in order to find that right "fit", and encourages all those interested in starting their own franchise to answer this simple question - how long have you been researching a franchise opportunity? (Click here to share) 
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Home > Resources

Franchises Offering Child Services Prospering

by The Franchise Hound

A report released today by Franchise Business Review (a national franchise market research firm) said that franchises with a focus on child services are thriving even in a challenging economy. And it’s no wonder – no matter the financial constraints placed on a family, priority generally lies in offering the kids the best they can afford.

Franchises in child services can be focused on a variety of services, including sports, afterschool programs, child care, retail stores, tutoring, event hosting and photography. Franchise Business Review researched more than 30 franchises in the industry in order to create the report; from mobile dance instruction businesses with a low initial investment of $30,000 to preschools requiring a little over $3.3 million to start.

“The child services industry is never going away, as proved by our recent research,” said Franchise Business Review president and CEO Eric Stites. “Franchisors in this space have performed well over the past few years, despite the economy, and some business models – like youth sports programs – have even flourished.”

Child Services to Continue to Flourish
Businesses in this industry should continue to do well as parents seek additional options to educate and entertain their children. As schools cut arts, sports and other programs, demand increases in the community for these services. In addition, the satisfaction rate for child services franchise owners is about 5% higher than the overall franchise benchmark across all other sectors. It may be because the industry tends to thrive no matter the economic climate, but it surely helps that working with children is a rewarding experience for the franchisees that are passionate about their jobs.

In what may seem surprising, Franchise Business Review found that two franchises – Kiddie Academy and Primrose Schools – both of which have fairly high investment requirements have grown during the recession. Other child services businesses with lower initial investments have not fared as well, though most of the struggles can be attributed to local, regional and national economic downturns.

Top 10 Child-Related Concepts
According to their research, the top 10 child-related concepts rated by franchisee satisfaction are as follows:

  • JumpBunch
  • Learning Express
  • Rhea Lana’s Children’s Consignment
  • CompuChild
  • Mathnasium
  • Amazing Athletes
  • Just Between Friends
  • Kinderdance
  • TGA Premier Junior Golf
  • i9 Sports

.(Click here to read original article.)

 

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