First of all, the business model of Uncle Sam's Children's English is a very traditional shop-opening model, and the cost is very heavy. Every franchisee will inevitably encounter two problems: one is to find a venue, decorate and spread fire; The second is to obtain a teacher qualification certificate.
The first problem is to spend time and money. If all goes well, it will take half a year. And the money spent will never be less than 600- 1 ten thousand. However, when can I earn back this 60- 1 10,000? The profit of a training institution is generally around 15%, and it takes 4 million to 6 million turnover to earn it back. Even if a student's tuition fee is 10000, then you need to recruit 400 to 600 students to earn it back.
The second problem is to apply for a teacher's qualification certificate, which you can't get with money and hard work. There are 1000 training institutions in our city, of which about 200 have licenses, and the other 800 have waited in line for three years to get licenses.
Therefore, it will take at least 2 years to return to Uncle Sam's Children's English, and there are hidden dangers in the license. Without a permit, everything will be wasted.
I have been doing it for more than a year, and it is difficult to make a profit. Not because I am incompetent, but because of the nature of this traditional model. Finally, I closed the store. Now the mode of transforming to be a foreign teacher's door-to-door is to let foreign teachers go directly to their children's homes for classes, just like a restaurant delivering takeout. The advantage of this is that you don't need to rent a venue and decorate at all, and you don't need to apply for an institutional license for home-based private education. Recruiting a foreign teacher and getting a visa can start a business immediately, radiating the whole city, and it is very easy to enroll students, unlike the previous institutions, which can only enroll students within 3 kilometers of Fiona Fang, and the number is limited. In the three months after the transition period, more students were enrolled than in the previous year.
Therefore, I have experienced both the heavy mode of traditional training institutions and the light mode of foreign teachers coming to the door. In contrast, the light mode of foreign teachers coming to the door is a complete victory. This is my history of blood and tears, and it is a lesson for those who have experienced it. In fact, as long as you understand the financial model, you will know how to choose. At present, the biggest business at home and abroad is the living room ABC. You can look at other people's gameplay and avoid detours. Entrepreneurship is most afraid of not thinking, which harms yourself and your family.