The vocational training industry in the UK is worth £914 million, with 700 institutes having trained more than 22,000 people. Based on the economic complexity index, the UK ranked 8th in the world with the most industrially diverse and stable economy, ahead of the US. Consequently, the UK creates a healthy demand for a highly skilled labour force, thus creating the immense potential for businesses, particularly in vocational training in the training and coaching sector.
This coupled with the international reputation of the UK’s world-class training and education institutes, which has drawn a huge number of international students, provides an ample opportunity for training and coaching businesses to thrive in both technical and services areas of the economy.
Although there are skills shortages in certain areas of the UK’s economy, the UK government and many private sectors are taking measures to revamp technical education and training. With their contribution, the training and coaching sector remains its charm to attract investment. The phenomenon is not only in blue-collar jobs but also in white-collar jobs. Providing training helps create opportunities in the sector.
Coaching includes the growing inhouse-methods with on-the-job training, in-house development programmes and coaching by line managers. It is essential to sketch a plan for your business ideas, venues, budgets and more before opening up a business. A business plan and marketing research help you understand more about the needs and requirements to maximise sales. Let us coach you before starting up a coaching and training business. Contact our business consultants for more information and services at Call +44(0) 203 637 6137.
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