Industry boom sees Tutor Doctor on the grow
The results are in; the Australian education system is failing our youth. School curriculum is becoming far more academically demanding, building pressure on our nation’s youngsters to achieve high scores.
As children continue to fall behind in their studies, parents are increasingly turning to private and home tutoring businesses to supplement knowledge.
The result of which has seen a massive growth explosion in the value of the private tutoring sector. According to intelligence company Global Industry Analysts, Inc’s Private Tutoring – Market Analysis, Trends and Forecasts Report, the industry is currently worth $165.12bn globally and is expected to grow to $260.7bn by 2024.
Domestically, spending on education has exponentially increased over the last few years, rising by almost 80 per cent for preschool and primary years, and 101 per cent for secondary.
That growth looks set to continue. In June, the New South Wales government announced plans to improve the NAPLAN literacy scores for nearly 19,000 of the state’s primary and secondary students.
For brands such as Tutor Doctor, which provides one-to-one in-home tutoring for all ages and subjects, the announcement is a welcomed boom.
The franchise business has built a reputation not only as a meaningful addition to the global education market, but also as a value for money business opportunity for eagle-eyed entrepreneurs.
What’s more, taking advantage of the steadily increasing market demand is less challenging that you may think.
A background in education is not a requirement of the model, allowing prospective franchisees from all walks of life to capitalise on the investment opportunity.
The mobile system means overheads are low, allowing franchisees to schedule their working commitments around their existing lifestyle factors. Further to that, the ongoing nature of the education industry provides a steady clientele and recurring revenue stream.
If you are ready to make a meaningful difference to the lives of Australian children, join the brand at the forefront of the booming in-home tutoring industry. Visit franchisebusiness.com.au/brands/tutor-doctor/ and make an enquiry today.