Children's Franchise Module
There is a lot of money in kid-related businesses.
For example, according to the Brookings Institution, “the average middle-income family” will spend an estimated $310,605 to raise a child to age 17 (figures calculated based upon a baby born in 2015).
Most of that money is spent towards housing and food, of course. However, a good deal of that money is spent on child care and extracurricular activities—places where there are no shortage of franchise options, including (but not limited to):
Anyone who works with children should have patience, enthusiasm and energy. These attributes need to present along with good management and organizational abilities to take care of back of the house responsibilities. Also on the business side, people skills to lead staff and deal with parents are also very important.
For example, according to the Brookings Institution, “the average middle-income family” will spend an estimated $310,605 to raise a child to age 17 (figures calculated based upon a baby born in 2015).
Most of that money is spent towards housing and food, of course. However, a good deal of that money is spent on child care and extracurricular activities—places where there are no shortage of franchise options, including (but not limited to):
- Art
- Child care
- Clothing and other retail
- Cooking and food
- Dance
- Driving instruction
- Education and tutoring
- Entertainment
- Fitness and sports
- Hair salons and spas
- Music
- Photography
Anyone who works with children should have patience, enthusiasm and energy. These attributes need to present along with good management and organizational abilities to take care of back of the house responsibilities. Also on the business side, people skills to lead staff and deal with parents are also very important.
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