(gentle music)
- [Narrator] As a teacher, your invaluable skillset
can earn money outside of the classroom.
Teachers and entrepreneurs both dedicate
hundreds of extra hours to their work.
Their careers orient themselves around growth,
and making a difference in people's lives.
There is no limit to the types of businesses
teachers could start.
For every business, there's a type of teacher
that can do the job, and do it well.
Consider these five business ideas
especially suited for teachers.
If you apply your training,
you'll find your abilities will transfer
to many more business ideas beyond these.
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Bookmobile.
As Stephen King says, "books are a uniquely portable magic."
Make books even more portable and accessible
by starting a bookmobile,
traveling through your state and selling books
to people who don't have regular access
to libraries or other resources.
The first documented perambulating library
was created by George Moore in 1857.
In 1905, Mary Titcomb became
one of the most famous librarians in history
when she started a book wagon
for the rural residents of Maryland.
Today, bookmobiles worldwide continue to stimulate
people's imaginations and thirst knowledge.
Hardback and paperback books
continue to dominate book sales,
outpacing e-books and audiobooks four times over.
There is also a rising interest
in new genres, authors, and self-published works.
Adult nonfiction books have grown in revenue
over 22.8% over the past five years,
and young adult nonfiction has grown
over 40% in revenue over the past five years.
Find venues where food trucks gather,
and contribute your own flair to the event.
Locate rural areas, senior centers, and child daycares
to supply these communities with novelty and inspiration.
Consider using biodiesel fuel, solar panels, or a generator
to reduce your carbon footprint
as you share knowledge and cheer with your community.
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Homeschool support.
Learning from home presents unique challenges.
Each child learns in their own way,
so having an understanding
for the vast number of teaching methods
is extremely valuable.
With an entrepreneur's creativity and resourcefulness,
both kids and parents can tackle homeschooling seamlessly.
The conversation around distance learning options
has grown louder,
making this business an important one to consider.
The number of homeschooled children
has been increasing at a steady rate each year.
Over five years starting in 2007, there was an 18% increase
in the number of children being homeschooled.
There are now over 2.5 million students who learn from home.
Consider ways you can provide supplies and resources
targeted at this ever-growing group.
The biggest modern innovation in education is e-learning.
Having your own business in this industry
could be as simple as running a website
where you offer online tutoring.
Consider selling bundled lessons on real-world skills,
which 81% of recent high school dropouts say
would've kept them in school.
If you're tech savvy, try your hand
at creating better e-learning systems and platforms.
Students and teachers need reliable support
while maneuvering online education.
To boost your childcare-based business,
consider offering subjects
that traditional schools cannot or do not have.
Home economics, nature activities,
and communication workshops can allow children
to exercise their brains while having fun.
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Team building.
According to Forbes, team-building
is the most important investment you can make for your team,
whether that be in business, family,
or other types of organizations.
This industry is a great fit
for those trained to manage large groups
while maintaining a collaborative environment.
Experts in this field can help companies
reach their greatest potential.
A recent study discovered that companies
whose employees feel deeply connected to their teams
achieve twice the net annual income
of companies whose employees lack engagement.
Building trust and cooperation in a team
encourages this kind of committed engagement.
More and more people are learning about
the effects of productive team building.
This market is expected to grow
at a compound annual growth rate of more than 7%.
That being said, team-building
can actually be counterproductive
if not handled expertly.
Almost a third of US office workers
dislike team-building activities.
This means there's so much opportunity for experts to build
more effective means of transforming relationships
in the workplace or out of it.
Team-building isn't just for corporations.
Any organization or group
could use a bit more trust and collaboration.
Someone with an educational or team-leading background
would be wonderful at coordinating group activities
that bond people together.
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Tour guide.
Tour guides are uniquely adapted in gauging a crowd,
preparing thorough research,
and conveying their passion for any given subject.
Tours can range widely in what they explore.
Local ghost sightings, adventure tours, boat tours,
hidden historical sites, geology tours,
wildlife tours, and many more specialties.
Tours can be one-on-one, in large groups,
or distributed through video and audio experiences.
Investment in the global tourism sector
is expected to expand from $814 billion in 2014
to $1.336 trillion in 2025,
and 12% of tourists indulge in guided tours.
Tours take a big slice of that multi-billion dollar pie.
After World War II, tours grew exponentially
with the development of mass transportation.
Nowadays, some tour operators
do small tour groups, or even virtual tours.
Context Travel, a tour operator
in over 60 cities across six continents,
has adapted and diversified
by launching Context Conversations,
virtual seminars led by the same scholars
who usually serve as the company's tour guides.
While the virtual tour business isn't measured specifically,
it's reported that the virtual reality industry
will grow to a $75 billion industry by 2021.
VR tours can capture an audience's complete imagination,
especially when they're unable to travel personally.
Creating distance tours also enables you
to run your business from home.
Try to stand out from other tours
by getting creative with the types of tours you provide.
If you give folks the odd details they crave,
you'll leave them with a lasting impression.
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Fact checking.
Without truth, information loses its value.
As one fact checking survey put it,
the line between journalism and other content has blurred,
making it more important than ever for all writers,
regardless of their platform, to verify their facts.
Anyone with a background in educational studies or research
has the resources, credibility,
and aptitude to be a useful fact checker.
Between sensational journalism
and muckraking of the early 1900s,
the world finally realized
it needed a more noble mode of journalism.
Time Magazine led the way
when they hired Nancy Ford in 1923.
From then on, this career grew
into a more professional industry year after year.
According to the 2019 Duke University Reporters' Lab Census,
44 fact checking organizations existed in 2014.
195 existed in 2019.
That is a 68.6% annual rate of growth in just five years.
Every type of publication
is in need of skilled fact checkers.
Think outside the box about who might need your services.
Fiction writers seek guidance
on how to build realistic settings,
script writers need their sources checked,
and historical societies could use dedicated minds
to cross-reference their archives.
Critically, textbooks and educational resources
require sharp-eyed fact checkers
to ensure that students are getting
the highest quality information.
This list is just the tip of the iceberg.
Small businesses are the lifeblood of every community.
We want you to be passionate and prepared
for a lifetime of entrepreneurship.
If you're looking for more inspiration,
we made some free tools to generate ideas,
find a name, and form your business.
Find free resources and guides at truic.com.
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