Franchising, why should I?


Franchising, why should I?

13 Jan 2023

Are you looking for a low-risk business venture? Are you a budding entrepreneur unsure of what business to start your career with? Well, we have some food for thought for you. If you are thinking of starting a business, you may not want to create an independent one; as such, you should consider franchising! Referencing an article by NerdWallet, as a franchisee of a company, there would be many advantages for you, such as:

  1. Business Assistance
  2. Existing brand recognition
  3. Having an existing customer base
  4. Lower failure rate
  5. Lower risk
  6. Higher profits
  7. Being your own boss

Are you interested in franchising a company? If you are, why not franchise Speech Academy Asia, the best enrichment centre for public speaking, catering to kids and adults? In this day and age, people are becoming more and more willing to spend money on private tuition. According to statistics, in 2020, US$123.8 billion was spent in the total global private tutoring market and this amount is predicted to reach US$201.8 Billion by 2026. Furthermore, more than 85% of Asian Parents paid for private tuition. The enrichment industry that Speech Academy Asia is part of is an extremely attractive industry to many parents who are willing to fork out money to ensure that their children get the best development of their soft skills. Furthermore, 90% of our franchisees have an operating breakeven within 1 year and a payback within 3 years. 

As such, if you are new in the franchising business, why not franchise with us, Speech Academy Asia, the best enrichment centre for public speaking catered to kids and adults!

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