Business Values Newsletter last covered this sector in Issue No. 139, April 2017. Since this time, COVID-19 caused disruption to the industry. COVID-induced border closures in 2020, reduced international enrolments. General enrolments for face-to-face based courses were also significantly impacted due to social distancing. However, a longer term benefit of the pandemichas been an accelerated shift to online learning, thereby allowing course providers to reach wider audiences, reduce costs and increase profits. By 2023, record immigration numbers and increased government funding had led to solid industry growth.
However, changes to government funding and increased scrutiny, designed to improve the quality and integrity of education providers, is likely to see industry growth moderate in the short term. In the medium to longer term it is envisaged to remain in a growth phase as the Federal Government looks to provide resources necessary to upskill workers for the changing needs of the economy.
Your author has consulted with leading RTO business Broker Travis Latter, from Infinity Business Brokers. Mr Latter has been involved in the RTO industry for more than 23 years – initially in high level management of larger organisations, followed by ownership of RTO’s and in the last 8 years as a broker. He has sold over 130 RTO businesses all over Australia and is a highly regarded expert in the industry.
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