COVID-19 Impact on the School Franchising Industry

The pandemic of COVID-19 is causing unprecedented disruptions in every sector of the global economy. The education sector is no exception, with schools closing their doors and parents scrambling to find alternative arrangements for their children’s education.

This has led to a surge in demand for school franchises as families look for a reliable and trustworthy option. In this blog post, we will discuss the impact of COVID-19 on the school franchising industry and explore ways to tackle the challenges posed by the pandemic.

Let’s take a look at them.

Webinars for Connecting with Potential Investors

School franchisees have access to several webinars that connect them with potential investors. The next few weeks are a critical time for those in the school franchise industry, and fortunately, there are many resources available to help you stay on top of things. One such resource is the webinar series put on by the International Franchise Association. Prepaze Academy is one of the platforms where dream meets the business. So get a franchise and become a part of this greatness.

Effective Media Strategy

As the COVID-19 pandemic continues to impact businesses and organizations worldwide, many school franchisors are looking for ways to communicate with their franchisees during this time of uncertainty effectively. While social media platforms can be a great way to connect with your network of franchisees, it’s important to remember that not all strategies will work for everyone.

Some school franchisors opt to send out daily emails with updates and advice, while others choose to use video conferencing tools like Zoom or Skype to host regular conference calls. Whatever strategy you choose, be sure to keep your communication short, concise, and relevant to your franchisees.

Demonstrating Effective Leadership & Engagement

Schools are looking for ways to keep their students engaged and learning, despite the disruptions caused by COVID-19. Leaders in the school franchising industry are stepping up with innovative ideas and programs that other schools can adopt. Engaged and motivated students are essential to a successful educational institution, so school leaders need to find creative ways to keep their students on track.

One way to engage students is through online learning tools. Many schools have turned to online platforms like Unik, Google Classroom, or Microsoft Teams to continue instruction during this time of crisis.

Financial Support and Resources

The Department of Education has announced that it will be providing $350 million in financial support to schools affected by the pandemic, including public and private schools. Additionally, many organizations have created funds or resources specifically for school districts affected by COVID-19.

The Bottom Line

Schools and districts around the country are scrambling to decide what to do next as the COVID-19 pandemic spreads. For some, this may mean closing schools temporarily or moving to online learning models. It may mean keeping schools open but instituting more stringent safety measures for others. Whatever route is chosen, school franchise owners need to be prepared for a potential influx of parents looking for other educational options for their children.