Many people would look at the disruption brought about by the pandemic and be a little hesitant about starting a new business right now. However, in the eyes of an entrepreneur, this could actually be the ideal time to diversify and grow your portfolio.
Many people would also assume that the economy will be slow to rebound after the pandemic, and that small businesses, in particular, will have been the hardest hit. To its credit, the government has helped by providing numerous financial assistance programs to these businesses. In our role as a Franchisor, we’ve provided guidance to help Franchisees take advantage of those programs. Due in part to that guidance, along with other resources we’ve provided and the hard work of our Franchisees, no Kiddie Academy locations were closed permanently due to financial hardships related to COVID-19. And, as we’ve noted before, industry analysts have identified child care as one of the five industries expected to lead the economic rebound from the pandemic. Because of that, we’re hearing from franchise owners in other industries such as hospitality, food, professional services and more. They see child care as a solid investment in this economic climate and are making their move now, while others are still researching and looking for reasons to be skeptical.
