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Below is an in-depth analysis and side-by-side comparison of Math Squared Education vs STEM for Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $18,550 - $39,300 | $49,500 - $83,650 |
Franchise Fee | $599 | $39,500 |
Royalty Fee | - | 7+% |
Advertising Fee | - | 2% |
Year Founded | - | 2011 |
Year Franchised | - | 2014 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | -Are you genuinely interested in STEM? -Do you understand the role STEM plays in today’s economy and society? -Are you active in your community and hungry to make a positive impact in young minds? -Are you self-directed, self-motivated and able to juggle through multiple priorities? -Do you have a strong desire to learn, grow and have fun in the process? |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | Yes/- |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | On-The-Job Training: 4 hours Classroom Training: 28 hours Additional Training: Virtual training |
Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | - | Ad Templates Social media SEO Website development Email marketing |
Operations | - | Number of Employees Required to Run: 1 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
In 1999, the founders of Math Squared, Henry Yang and Jean Tsai realized that most children were having difficulties with problem solving in mathematics and therefore started research about all kinds of math learning programs available. But they found a lot of programs were using the rote system and almost none focused on balancing computation, problem solving, critical thinking, logic, puzzle, geometry and other areas in math. In 2000, they gathered a group of professional engineers, psychologists, mathematicians and educators, in Silicon Valley, who have drawn upon their individual areas of expertise and collaborated to design this entirely new system of learning math for Pre-K to 6th grade. Since the company's inception, 15 centers have been established in the US operating with Math Squared's license program. To further their marketing efforts, they have collaborated with Smart Kids Corp for distribution of the licensees. The founder of Smart Kids, Perry Ho believes that math is more than just the computation; children should be able to think out of the box and be equipped to overcome further challenges. Perry has more than 10 years of working experience as a Program/Marketing Manager in AT&T Bell Labs. She has won the highest honor of Bells Labs President Award for outstanding work. She has been trained extensively by Math Squared trainer to become a Math Squared certified instructor. Perry has been a dedicated educator for several years.
STEM for Kids® provides educational enrichment in Robotics, Engineering and Computer Programming for children ages 4 - 14 through camps, afterschool programs, in-school field trips, workshops in schools and outside community spaces.