Ever thought about starting an abacus learning franchise?

Discover the tips and tricks that can earn you a stable income.
 

I'm the author of this article and I'm a qualified abacus teacher, answering questions from around the world online abacus and various questions from online-soroban.com students.

Table of contents

 

The education industry is worth billions.

It includes universities, colleges, schools big and small, tuition centers, libraries and a whole host of other things. It is one of the few industries that is projected to grow forever and the reason is quite simple, as more humans are born, they would enrol in an educational institution.

This creates a positive feedback loop, existence itself drives the education industry.

Abacus programmes today have become an infragmentable part of the education system in many countries including the likes of Japan and China.

With so much market to capture, it is natural that entrepreneurs would be interested in taking the challenge head on.
 

 

1-1.Abacus Learning Franchise: Making a Side Business

Wealthy people may have multiple things in common, but one of the ones that jumps out immediately is an advice - make money while you sleep, if you won’t, you’ll work till your last day on earth.

And it makes perfect sense.

The fast growing inflation and dearth of jobs leaves a lot of people underpaid and they have to cut down either on their dreams and like or on their basic necessities to make ends meet.

The solution is a side business!

Full time jobs should still be your main focus, but one must invest some efforts into side hustle.

The results might not be the best in class at first, but then business is not an overnight affair.

It is a lifetime venture, and should be seen as such.

The first step is finding something that you think has growth potential.

It could be a hobby you already are aware of, an idea that you have developed, or some general problem that you want to solve that will give value to the people.

Once identified, research analysis is done to assess the consuming habits of the people, the market competitors, the costs and the benefits.

If the conditions seem fit and the data supports the cause, investment strategies for land, labour and capital are developed.

Proper hiring is done to ensure good functioning.

Under normal conditions, the business should gestate fairly soon.

Of course running a business would require in depth knowledge of the field you venture into.

Tons of people have given up their full time jobs to continue with their side business as the growth is practically limitless in this field.

 

1-2.Abacus Learning Franchise and Its Feasibility

As we have discussed before, the education industry is practically never going to stop growing.

It will also pretty much never see a decrease in demand unless natural calamity or war of monumental proportions breaks out.

With education cleared, let us talk about the abacus.

The abacus is a simple calculating device, and has been in use by humans for thousands of years at this point.

The abacus is central to education systems in countries like Japan, China and others.

Let us discuss why such a business model is feasible: Increasing demand: The education sector, as we have discussed before, creates a positive feedback loop.

This means as the world grows, its demand is only going to increase.

This is one of the strongest points of the business plan.

Backing of popular subjects: Abacus is related to mathematics.

Mathematics backs up the popular science subjects today - Physics, Chemistry and Biology.

Other than the sciences, maths also has important implications in cryptology, psychology and others.

Trusted product: With abacus, we are not selling a new product that the consumers have never seen before, instead we are selling an age old trusted device.

The only part where it seems vulnerable which might feel over the radar to some, but they can be backed by data.

Real results: Unlike study techniques which claim a mouthful and fail to show results on any day, abacus shows results in a proper fashion.

This means the consumers get real feedback and as a result they keep buying more.

Scarce competition: A business’ success is dependent to a large degree on the competition it faces.

In the case of abacus education, it is a level playing field.

There are no big corporations or companies involved that can monopolise the market.

It could almost be considered a perfect time for entry.

 

1-3. How to Begin Setting up an Abacus Learning Franchise

In this section we break down the process into actionable steps.

Let's get down to business, shall we!

Like any business venture, the first and foremost step is to budget out at least the following: the money you would be willing to lose on the project, the amount of risk you are willing to take and the most important one, how much time you are going to be giving in.

Next up is the fundamental research.

You need to research the market you will be capturing.

This will depend on your budget.

If you have a high budget, you are capturing on a national or international level and should be researching that.

If the budget is lower, you should be researching the relevant sections.

What exactly to research would depend on your products.

Are you selling abacus classes? Or just Abacuses? Or both?

Are you offering timed courses or indefinite length courses.

These questions can help you answer the ‘what to research’ question.

Nextly we have the entrepreneurial gathering.

This means you either pitch the idea to other people and form a collective partnership or company; or you be the sole proprietor in which case we can gather labour, land and capital and go to business.

Here we have provided a beginner level outline.

As the business grows, you will need to adjust accordingly.

 

Overall  
The field of abacus education is a crossroad of two rapidly growing industries.

Everybody wants a piece of the cake, but there is only a finite amount of the cake!

Early mover advantage is always rewarded.

We can therefore conclude that this business niche can be one of the most rewarding ones, provided it is run with due diligence and faith.

 

 

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