Benjamin Franklin once said; “Investing in knowledge pays the best interest.” Well, we couldn’t agree more! As governments cut cost and spend less and less on education, it falls to parents to pick up the slack. While fewer teachers, poor pay, bigger classes and a reduction in resources reduce the efficacy of educational institutions, competition in the job market grows every year. That’s why private tutoring is one of the fastest growing industries in the world.

In fact, Forbes Magazine predicts that the private tutoring market will surpass $102.8 billion by 2018. And, with no end in sight to the education cuts, this figure is sure to continue growing exponentially. The wonderful thing about investing in the private tutoring market is not only is it a multi-billion dollar high-growth industry, it also means that investors are providing families in need with real assistance.

“It’s one thing to make a dollar, it’s another to make a difference,” says Frank Milner, President of Tutor Doctor which is one of the leading in-home tutoring franchises with over 400 franchise territories in 14 countries. Tutor Doctor was also voted the number one at-home Tutoring Franchise worldwide by Entrepreneur Magazine, received the Child’s Magazine’s Parents Choice Award 2010 and 2011 and received an award as one of the Top 50 Franchises for Minorities by the National Minority Franchising Initiative.

On what makes Tutor Doctor such a successful franchise, Milner had this to say: ““Franchise success is directly tied to the success of the franchisee, that is why we are 100% focused on helping our franchisees succeed.”

And it makes sense too! The kind of tutoring service that gets parents to drop kids off at a class means that kids who aren’t doing well in a classroom situation are merely being subjected to more school. With the in-home tutoring model, students get one-on-one personalized tutoring that is tailored to their particular needs and parents see wonderful results instantly. Not only do grades improve, but children grow in confidence too. Franchisees not only enjoy the benefits of working in such a high-growth industry, they also get the personal reward that comes with leaving a real legacy of helping to build your community and the families in it.

In-home tutoring franchises also have very low overheads as they don’t have a traditional shop front. They go to the homes of their students so that already overworked parents don’t have another activity to add to the busy family schedule. Franchisees have all the freedom that comes with owning their own business with the convenience and work/life balance that comes with working from home.

The in-home tutoring field is one well worth watching for those who want to invest in a franchise with a very bright future.