Performing arts franchises have long been a source of inspiration and creative expression, enabling people to combine their entrepreneurial spirit with the joy of nurturing young talent. However, amidst the appeal of this industry, several myths and misconceptions have clouded the perception of investing in a performing arts franchise. In this article, Andy Knights, CEO of Stagecoach Performing Arts, debunks these myths and sheds light on why prospective franchisees should consider taking the leap into business ownership in the children’s performing arts sector.
Myth 1: Performing arts franchises are only for artistic people
One of the most common misconceptions is that you need to be a seasoned performer or have a deep artistic background to invest in a performing arts franchise, but this could not be further from the truth. While a passion for the arts is undoubtedly beneficial, running a franchise requires a combination of business acumen, leadership skills and a drive for success. In fact, many successful franchisees come from diverse professional backgrounds, bringing their unique skills to create thriving performing arts businesses.
Myth 2: Performing arts franchises only teach performing arts
Another prevailing myth is that performing arts franchises cater exclusively to aspiring actors, singers and dancers. While nurturing talent is indeed a core component of what we do, performing arts franchises offer much more than that. Our programmes provide a comprehensive approach to education, fostering creativity, confidence and communication skills in children and young adults. This broad appeal allows franchisees to tap into a wide demographic, including parents seeking holistic development for their children.
Myth 3: Performing arts franchises are seasonal businesses
Performing arts franchises are often perceived as seasonal businesses, with income heavily dependent on school calendars. However, successful franchisees have found ways to diversify their revenue streams and create a year-round business model. By offering additional programmes such as summer camps, workshops and other student events, franchisees can generate consistent income throughout the year. Furthermore, partnerships with local schools and community organisations can provide a steady flow of students and engagement, ensuring long-term sustainability and profitability.
Myth 4: Performing arts franchises do not create profitable businesses
Our franchisees at Stagecoach are Principals, not teachers, enabling them to focus on managing their business and leverage the robust support systems and pre-packaged resources that allow them to focus on growing their business and maximising their earnings. This support includes comprehensive training programmes, marketing materials, operational guidance and ongoing assistance from experienced professionals in the industry. With these resources, franchisees can concentrate on scaling their business and building a solid customer base rather than dealing with the day-to-day responsibilities of creating lesson plans or managing administrative tasks.
Moreover, children’s performing arts franchises have the potential to grow into multi-school businesses, expanding their reach and revenue streams. Franchisees can establish additional locations, hire talented staff and replicate this successful business model in new territories. This scalability allows franchisees to surpass their previous employed roles and achieve incomes far exceeding their expectations.
Myth 5: Franchises stifle creativity and individuality
Some may fear that investing in a franchise means sacrificing creativity and individuality. However, when properly structured, performing arts franchises provide a framework that fosters creativity rather than stifling it. At Stagecoach, we encourage our franchisees to infuse their unique style and ideas into their schools while benefiting from our tried-and-tested programmes and resources. This balance allows franchisees to create a vibrant and distinctive environment that reflects their own vision while delivering the core educational benefits of our programmes.
Investing in a performing arts franchise offers a rewarding opportunity for individuals seeking to make a positive impact while running a successful business. By dispelling the myths and misconceptions surrounding these franchises, prospective franchisees can make informed decisions about their entrepreneurial journey. With the right combination of passion, business acumen and support from an established franchise, the potential for success in the performing arts industry is within reach.