Are you an entrepreneur but you lack ideas on education business to start? If YES, here are 100+ small best business ideas in the education industry.
The Educational Services Industry is composed of establishments that provide instruction and training on a wide variety of subjects. These establishments include schools, colleges, universities and training centers, and these are either privately or publicly owned. The main purpose of education is to open up the minds of students and prepare them to face the world, and this is the primary job of these institutions.
According to a statistical report, the U.S. education market was valued at around USD 1,350 billion in the year 2017 and it is expected to reach approximately USD 2,040 billion by 2026.
The business opportunities in the education industry are massive and any entrepreneur who is serious about making money can leverage on the opportunities available in the industry. As a matter of fact, any entrepreneur who is creative and really imaginative can create his or her own business concept that can be highly marketable in the education industry. Here are businesses you can leverage on to make profit in this industry.
100+ Best Small Business ideas in the Education Industry
Private schools are independently owned schools that are funded without the assistance of local, state or federal governments. Elementary, middle and secondary schools can be private, as can colleges and universities. To attend any private or independent school, students must pay tuition. Private schools make money through the money that you give them through tuition.
The leftover money from paying teachers, staff, taxes and building costs goes to the school or its owners. It is known fact that the demand for private schools is driven by the fact that most public cum government owned schools cannot accommodate every student in a given geographical location. In some cases, students with special needs cannot cope in public schools hence the need for private schools.
A book club is yet another easy to start business that is thriving in the education industry. Book clubs are said to be a group of people who come together to discuss a book or books that they have read or the books they are currently reading.
It is easy to make money while running a book club and it is also easy to start, but you have to be creative if you want to draw people to your book club. Aside from the membership fee you will collect from people who want to join your book club, you would have to design strategies on how to generate income from your members.
If you want to make money from your book club, then you should consider starting a sales book club; with a sales book club, you will be able to sell books at a discount price to your members and of course your members will be the first set of people to get newly released books from your stable.
Tutors for all subjects and for students of all ages are in demand. Sometimes people even need tutors to help them pass important examinations or prepare for advanced education. You may eventually get so much business you have to hire other tutors to help you meet the demand.
While many private tutors are successful on a part-time basis, supplementing their regular income, private tutoring can also make a great small business. You may not need a college degree to start a tutoring business. Some clients may be willing to hire you if have significant experience and skill, or talent with the subject you are tutoring.
Charter schools are schools that are run independently of the government. However, these schools are still expected to meet the requirements and standards of the local and state government. This type of educational system provides parents with something quite different from what they get from the public school system.
The charter schools are independently funded through students’ enrollment fees, levies, as well as other fees that are expected to be paid. Charter schools are beginning to gain more grounds in different countries of the world. So if you are interested in owning a business portfolio in the education industry, then one of your options is to start a charter school.
Operating a daycare business is a great way to earn a living if you enjoy working with children. Generally speaking, there are two main ways to run a daycare business. If you want to care for a large amount of children, your best option is to start a center-based business.
Those with children of their own—or who want to work from home—may want to consider a home-based, or family, child-care center. Daycare owners do not make extremely high salaries compared to other small business owners in the United States. Home daycare owners have a median income of $9.81 per hour, or just under $20,000 per year. The top 10 percent make $15 an hour or higher, while the bottom 10 percent earn less than $7 an hour.
Working class parents or even busy parents who have children that are not of school age usually enroll their children in crèches or preschools. If you are considering starting a business in the education industry, one of your options is to start a preschool business. The location you choose to start this type of business matters a lot.
A preschool business can be a good choice if you have a nurturing spirit, plenty of energy and an interest in stimulating young minds. In this business, you will provide supervision, fun activities and educational opportunities for small children. In most cases, starting a preschool business means working with 3- to 5-year-old children. You can run a preschool business out of your home, in many areas, or from a commercial space.
Mentor or partnership programs connect people who have specific skills and knowledge (mentors) with individuals (protégés) who need or want the same skills and advantages to move up in work, skill level, or school performance. Companies benefit from mentoring programs because they contribute to the development of a better-trained and engaged workforce.
Mentors help mentees learn the ropes at a company, develop relationships across the organization, and identify skills that should be developed or improved upon. If you have what it takes to mentor people, then you should consider starting a mentoring program. This is one program that if properly harnessed, you are going to make money from it. It is one of the most preferred means of learning and of course walking up the ladder of life.
If you have a robust background in education matters, and you intend starting a business, then you should consider starting your own education agency. There are many would-be students aspiring to go to colleges/universities, who are trapped because they don’t know who to talk to when they have challenges with educational related issues.
Being an educational agent means that you will help your clients handle all their educational concerns, help them gain admission to colleges or universities of their choice, help them process admission and help them package their applications and documents amongst other services.
If you are considering starting an education related business, then one of your options is to open a bookshop; a store where books of different genre from different authors are sold. There is a large market for books, especially if you have done your homework before stocking your bookshop with books.
If you are considering starting this type of business, aside from the fact that you will be operating your bookshop from a facility (brick and mortar store) it will be to your advantage to also maintain an online book shop. It will give the online community an opportunity to patronize your bookshop.
A Certified Nursing Assistant is a member of the health care industry and their responsibility is to carry out health care jobs as assigned by the trained nurse they are working with. Such jobs could be: bathing a newborn baby, feeding, dressing, helping nurses to hold patients, et al.
Certified Nursing Assistant positions are occupied by people who want to work as Registered Nurses but haven’t been able to secure admission yet. So, if you are interested in this line of business, then with proper planning, you could easily establish your own CNA School and you can be rest assured to have enough students trooping in to enroll especially if the school is close to an educational hub or any place where health services thrive.
There are countless number of people who are trying to acquire skills that will enable them put food on their table, pay their bills and ultimately become their own boss, and a vocational school is just an ideal place they can get the journey started.
You can be rest assured that your services will always be in demand not only by young or old people who could not make it to the university or college, but also by graduates who would want to start a skill based business of their own. The truth is that if your vocational school has loads of courses (trades) and is government approved, then you may not struggle to persuade students to enroll in your school.
There are many business opportunities in the entertainment industry and if you are interested in this industry, you can consider starting your own dance studio. Depending on the part of the world you live in, establishing a dance studio whether for western dance or traditional dance means that you stand the chance of making good fortune from the business.
In other words, starting a dance studio can be capital intensive but it is indeed a profitable venture especially if your dance studio is well equipped and furnished and if it is located in the entertainment hub of your city or state. The average pay for a Dance Studio Owner is $20.00 per hour.
Driving school is yet another thriving and profitable education related business. Year in year out, teens who have attained driving age requirements and even adults alike who don’t know how to drive, approach driving schools to learn how to drive.
If you are looking for a steady source of income in the education industry, then one of your options is to open a driving school; a place where you can teach people how to drive. Before starting a driving school, you will be required to obtain licenses, permits and approval from the appropriate authority in your country.
The nursing profession is one of the highly sought-after professions in the United States and of course in most countries of the world because of the vital role it plays in the health sector. A nurse is a member of the health care industry and their responsibility is to carry out health care jobs as assigned by doctors they are working with.
Such jobs could be administering drugs, giving injections, bathing a newborn baby, feeding, dressing, helping doctors to hold patients when the need arises, et al.
If you are interested in this line of business, then with proper planning you can easily establish your own nursing school and you can be rest assured to have enough students trooping in to enroll especially if the school is close to an educational hub or any place where health services thrive.
Education is and will always be an on-going affair. In fact no one is above learning. This is one of the major reasons why the quest for knowledge would continue to be on the increase. The Learning centre business is a viable business and experts would continue to preach its potency.
Learning centres are most times built to provide easy access to an institution or group of institutions and to assist learners who may experience difficulty in completing assignments and courses because they lack access to educational resources, ICT, tutoring and guidance. This is a good educational business you can set up.
A motivational speaking company is a company that provides training, coaching and of course motivation to corporate organizations, educational institutions/schools, youth organizations and individual clients.
A motivational speaking company is a resource company that can be a one man show or an assemblage of motivational speakers, public speakers and trainers in different fields. Just like most businesses, the motivational speaking business is open to as many people that are interested in the industry as long as they have the charisma to run the business.
If you’re passionate about early childhood education, starting a kindergarten business may be a good option for you. Start by finding out about your community’s needs and local laws. If you think there’s a need for a new kindergarten in your area, take time to develop a program philosophy and business plan.
You will need to gather support and financial resources, find a good space for your school, and hire some staff. Once everything is in place, it’s time to start advertising your new school. If you love working with children and watching their eyes light up with joy, open a kindergarten business.