Dear Aspiring Franchisee,
Thank you for being a part of our journey. 2023 was an exciting year here at Steamoji! We celebrated many milestones including:
- Opening our first US-based Steamoji Academies,
- Earning accreditation with STEM.org, and
- Expansion in our franchise network to over 25 Steamoji territories.
Since opening, we have led 63,312 Project Sessions, nurtured 6,709 Apprentices, and opened 15 new Steamoji Academies in Canada and the US.
This holiday season offers a great opportunity for reflection on our journey so far and the exciting path ahead. Enjoy this special edition of our newsletter!
[DEVELOPMENT OF STEAMOJI]
Hank harbored a vision – to future-proof his children. Recognizing a gap in both traditional schools and after-school education, Hank, driven by his background in tech and education, considered this endeavor his personal passion. In a collaborative effort with like-minded parents and experts, including TR Harrington, a marketing entrepreneur, and Mikhail Baiman, a business development expert, Steamoji was founded. The inaugural academy opened its doors in West Vancouver in 2019. Fast forward to today, with over 25 territories sold, Steamoji is on the brink of opening another 25 by the end of 2024.
Leading our tremendous growth, is VP of Development and Steamoji Co-Founder Mikhail Baiman. Today, he takes a moment to share insights into Steamoji’s strategic vision and commitment to creating a meaningful and profitable investment opportunity.
1 – Given the importance of technology in our franchise system, could you elaborate on how technological advancements are enhancing operational efficiency for franchisees, thereby maximizing the potential return on investment?
Mikhail: Our commitment to leveraging technology plays a pivotal role in enhancing operational efficiency for Steamoji franchisees. Technological advancements are seamlessly integrated into our franchise system, providing franchisees with cutting-edge tools to streamline operations. From robust learning management systems for optimized curriculum delivery to state-of-the-art communication platforms fostering seamless collaboration between franchise owners, staff, and parents, we prioritize technology as a catalyst for operational excellence. By embracing technology, we aim to maximize the potential return on investment for our franchisees.
2 – How will you continue to develop and implement support programs for franchisees, ensuring their success and, in turn, the success of our investors?
Mikhail: At Steamoji, we recognize that the success of our franchisees is directly tied to the success of our investors. Our support initiatives encompass a multifaceted approach, leveraging the latest technological advancements and industry best practices. We will continue to provide thorough training programs, ensuring that franchisees are well-equipped with the knowledge and skills needed to run successful Academies. Our support extends to operational aspects, offering guidance on efficient Academy management, technology integration, marketing support, peer networking, and regular performance reviews. As we strive to open another 25 territories by the end of 2024, our focus on comprehensive support programs remains unwavering, reinforcing our belief that the success of our franchisees is paramount to the success of our investors.
3 – What key performance indicators (KPIs) do you consider crucial in measuring the success of Steamoji franchises, and how does this translate into a secure and profitable investment for interested parties?
Mikhail: At Steamoji, we consider several crucial KPIs to assess the success of our franchises and ensure a secure and profitable investment for interested parties. These include enrollment rates, student retention, financial performance, academic achievement, franchisee satisfaction, brand recognition, operational efficiency, and technology adoption. Proven demand, financial viability, brand strength, a supportive network, adaptability, and innovation contribute to a secure foundation for investment, ensuring a transparent and data-driven understanding of the potential for success and profitability within our franchise system.
4 – Considering the evolving nature of STEM education, how is Steamoji prepared to adapt its curriculum and franchise model to stay ahead of the curve, and what does this mean for the long-term financial outlook for investors?
Mikhail: At Steamoji, we recognize the dynamic nature of STEM education and are committed to staying ahead of the curve by continuously adapting our curriculum and franchise model. Our agile curriculum development process, technology integration, collaboration with industry experts, flexible franchise model, continuous professional development, market research, and commitment to lifelong learning ensure preparedness for adaptation. The implications for the long-term financial outlook for investors include sustainable growth, market leadership, investor confidence, increased demand, and a positive and enduring financial outlook, positioning Steamoji as leaders in the field.
5 – How do you envision Steamoji’s expansion strategy for the upcoming year and beyond, and how will this contribute to the return on investment for potential investors?
Mikhail: As we chart the course for Steamoji’s expansion strategy, we envision a multi-faceted approach to propel growth and enhance the return on investment for potential investors. Our strategy includes territorial expansion, franchise network strengthening, innovative marketing initiatives, technology integration, educational partnerships, adaptability to market trends, and robust support programs for franchisees. The contribution to the return on investment lies in the comprehensive and dynamic nature of our expansion strategy, creating a sustainable and lucrative investment environment. The continued growth of Steamoji translates into increased brand value, wider market reach, and ultimately, enhanced returns for our valued investors.
[FRANCHISEE SUCCESS]
Since opening barely two months ago, Steamoji Kelowna has surpassed 60 monthly memberships – Congratulations Andriy and Yuriy!
Congratulations to our Franchisee of the Year, Bella at Steamoji Richmond Central! After just a few months of being open, Steamoji Richmond Central has exceeded membership targets and cemented itself as a cornerstone of the local STEM community.
We’re so proud of what Bella and the team has achieved and can’t wait to see them continue to grow!
[NEW ACADEMIES ALERT]
Steamoji Kirkland, our second US-based franchised location is now open and the Academy is absolutely stunning. We couldn’t be more proud – book your free trial today!
The Greater Vancouver Regional District (VGRD) is almost sold out: Prime territories are now in development and expected to open in 2024. Congratulations to Stephane (South Surrey & Surrey Newton), Owen (East Vancouver) and Millie (Vancouver Oakridge) on your new endeavor, and welcome to the Steamoji Family!
[NEW AT STEAMOJI]
Leaderboards are up! Now, all Academies display weekly totals by House Team and the top 5 Academies for the month. Apprentices earn Oji coins for every session they attend, both for themselves to spend in the Prize Station, and for their Academy’s House Team. This is Steamoji’s gamification in action.
To stay updated with our latest developments at Steamoji, join us on Facebook, Instagram, and LinkedIn. Thank you for your interest and continued support!
If you are ready to embark on a unique journey to join other mission-minded investors in living well by doing good, please do not hesitate to contact me and let’s get building!
Warm regards,
-Amadea
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