Children’s Enrichment Services: A Recession Resistant Business?
Despite the economic landscape, Entrepreneur still sites Children’s Services one of the “7 Hot Business Ideas.” Why? When big ticket items such as vacations, name brand clothing and expensive electronics get put on the back-burner, statistics show that parents make little adjustments when it comes to spending on their children’s educational enrichment.
Franchise owners in children’s enrichment services are not only seeing little to no change in their incoming revenues – some are even experiencing growth. One of our Young Rembrandt's franchise owners from Orange County, California credits this growth to a shift in parent priorities.
“I really think it’s a matter of parents not willing to spend frivolously on big ticket items that provide little to no lasting benefits, and instead opting to put their limited funds towards something that makes that impression and gives their child the benefit of a solid education."
Another factor that reflects positively for franchises offering children’s services, specifically after-school services, is the fact that these programs offer parents affordable and worthwhile after-school care. As parents are forced to work longer hours, and one time stay-at-home moms go back to work, it is more essential than ever that schools offer after-school programming as an option to parents.
Combine the facts with an affordable, quality and respected enrichment program; and in children’s services you may find not only a recession-resistant business, but a profitable one as well.
About Young Rembrandts:
For 31 years, Young Rembrandts has taught the power of drawing to children. The proprietary method and step-by-step curriculum dispels the myth that art is a talent a child has or doesn’t have, and demonstrates that art can be learned by all children. Children taught using this method develop increased patience, discipline and focus as well as a host of artistic skills such as art history, drawing and art skills, and expanded creativity, imagination and confidence.
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