Even the most altruistic business owners are looking for a favorable financial return on their investment. But, it’s a great bonus when ROI is achieved beyond the balance sheet, right?
In my day-to-day role, I help the independent owners of Primrose schools across the country deliver consistent school service excellence to the families they serve. By working side-by-side with them, I have seen how owning an early education franchise produces both tangible and intangible benefits for their families and their communities.
Immediate Financial Impact:
The need for high-quality early education and care is continuously increasing as the population grows. According to Child Care Aware of America, there are approximately 14.9 million children under age 6 in in the United States who potentially need care.
That means almost 15 million parents need a quality early education solution for their children. If we provide additional child care options for these working parents, we are also giving their employers a more-focused workforce. By providing quality care, we give parents peace of mind and employers more productive employees.
Early education and care schools also boost the local economy by creating construction jobs during the development phase and by supporting adjacent retail once the schools open. Busy parents visiting the same location up to 10 times a week are very likely to also visit nearby stores, gyms, restaurants and other services as they multi-task before and after work. Just as these parents increase their productivity at work, they will also maximize time with their families by completing their daily errands in the same convenient area.
It’s a win-win-win for parents, their employers and the community at large.
Long-Term Developmental Returns:
Research has shown that early care is not enough to prepare children to be school-ready. Children need high-quality early education to develop key skills, like self-control, team work and critical thinking, which will lay the foundation for their future success in school and life. By learning executive function skills early, children essentially learn how to learn, which prepares them for a lifetime of growth. There is not a more rewarding investment than investing in children and their futures.
And, it’s not just the children who are practicing and refining these skills in a quality preschool setting. Early education teachers are reinforcing their own executive function skills as they perform their jobs. One of the best ways to learn more about a subject is to teach it to someone else, so early education professionals are equipping themselves every day to be even more successful.
Entrepreneurs are always considering the returns on their investments. I can confirm that no investment is more worthy than early education, when you consider the rewards it can reap for investors, families, teachers and the communities where they live. Learn more about opening a Primrose school on our franchise webpage by going to www.PrimroseFranchise.com.