TUTORING BUSINESS PLAN SAMPLE TEMPLATE
Do you love tutoring or have been a tutor before or doing it presently? Do you know that starting a tutoring business doesn’t have to be capital intensive? Do you think you can make $50 an hour without even stepping out of your room?
Indeed, all you have to do is let your brain do the walking by setting up an online tutoring business. The idea of tutoring and getting paid is: hatching the eggs of knowledge you possess into the birds of profit.
Tutor clients vary from students preparing for professional exams, international exams, to students who need aids with their assignments. Some tutors earn an average income of about $100 per hour.
The exciting part of starting an online tutor service is the painting of the realization that one can actually import the process of tutoring from the limited physical classrooms to the virtual and wider cyber classrooms.
This provides the possibility of an expert African mathematics tutor delivering lectures to a Danish student on algebra. Also the flexibility of conducting tutorials online is one advantage that can hardly be over-emphasized.
The following are necessary considerations, and factors that would have to be addressed in order to open the business of online tutoring.
I will hammer on the four basic and important points that would constitute the pillars of making money from the venture and they include:
Tutor Your Way to Profits: How to Start Your Own Online Tutoring Business Model
1. Necessary Skills
It is of course grossly important that you have a fairly strong familiarity about the subject you intend to tutor. Your success as a freelance tutor is grossly dictated by this factor as one major promoter of any business are great testimonials.
The enthusiasm to teach must be avalanche. You must be zealous about your duties as a tutor; your success would depend on your diligence and uniqueness in this profitable education based business idea.
Bad communication corrupts good manner but good communication keeps clients wanting to get to know you more. It is important that as one who intends to venture into an internet-based tutoring company, you should have good communication skill.
You must keep in mind that the advantage that face-to-face tutors have over online tutors is in this area, so you must do well to bridge up lapses in this area. You have to be reasonably responsive.
You should be a good listener, even to the silence of gestures. You should deduce a student’s problem and always attempt to solve them. This you can do by asking questions or giving assignments at the end of a tutorial.
Encouragements must constantly flow from you to your clients in order to develop them and keep them in line to learn. You know, Einstein once said, “I do not teach my students, I only provide the environment in which they can learn”.
In order to reasonably personalize your small tutoring business video interaction, it becomes necessary for you to have the teaching tools. One basic tool for doing this is Skype. This application also have other benefits like sharing of files, use of emoticons to add flavor to the tutorial, and even sharing the screen for smoother conversation.
In order to replace the usual classroom boards, we use apps like Scribblar as virtual blackboards with equivalent utility. Other apps exist like IDroo, AWW, Realtime Board, and Sketchlot, most of which works in tandem with Skype.
You also need apps tools like TutorPanel that would play administratively the roles of scheduling tutoring sessions, automating billing and payment receipts, as well as session reminders. Another software that performs this duty is Teachworks.
Dropbox is another powerful file hosting tool that plays the important role loosening the knot of file sharing between you and a client. Some tutor brands adopt the strategy of giving tutorials via a Youtube channel. We have the likes of Fermilab and Khan Academy. You could delve into using such approach.
The platform offers chat and tutor efficient environment for a tutor to discharge his duties, with aids like information regarding international curriculum and ease to connect with clients who desire your service. Some renowned platforms include;
So you would have to sign up with any of these platforms to commence your sojourn through the tasking yet viable business of tutoring online.
4. Target Audience
It is important for online tutoring business ideas to have a good market strategy and plan. You must put in writing how you intend to reach and maintain your clients in your online tutoring business plan. I’ll highlight some strategies that you could possibly adopt:
• Blog/Websites — This could facilitate your tutoring business in that it can serve an avenue to showcase and advertise your expertise. Probably you could post links in possible blogs and sites where you could fetch potential clients. Then importantly it should be Search Engine optimized, though this could be reached as you go on.
• A good way is to register with popular online tutoring directories; they make it possible for potential students anywhere in the world to locate you, even without much effort. Example of such establishment is My Private Tutor.
• Use of email marketing softwares like AWeber and Mailchimp to disburse emails to potential clients whose email directory you can have within your possession.
Hopefully this article has exposed you to the basic necessities in starting an online tutoring business; if you have got the intellectual and extra wits, it’s a powerful shot.
PRIVATE TUTORING BUSINESS PLAN EXAMPLE
Here is a sample business plan for starting a home-based learning center.
It takes more than knowing how to impart knowledge to start a business. As a business owner, knowing how to properly manage an organizational structure is of the essence. Hence managing a business is entirely on a different level when compared with being under the employ of an organization as a tutor. Being a tutor can be very challenging, as you would have to ensure that the information you are trying to pass across is properly received. A tutor is only as successful as the knowledge passed across. Running a tutoring business will have to combine this attribute in addition to being a manager.
For persons planning to start an online tutoring business, this tutoring business plan sample will come handy as you need to know how to design one of the most important documents for any business venture. This guide will provide you with the needed assistance in drafting your own unique plan. As evident in the title, this is only meant for guidance purposes only.
The Headline Tutors is a tutoring service based out of San Diego, California. It offers a vast array of instructional services in the woodwork and electronic repairs sector. These services are offered at very affordable rates to clients from different walks of life and we accept clients with no background at all in these fields. Our students/clients typically range from the total novices to those with an appreciable knowledge on these areas who are a bit rusty and would love to brush off on some memory as well as learn the newest trends.
Our team of experts/professionals are ever ready to commit themselves to imparting their vast experience and knowledge in these fields into teaching willing clients about the tricks of the job and professions. These fields, especially woodwork has witnessed a surge in interest from a diverse group of people from different professions with absolutely no link to furniture making or woodwork. This is where the opportunity lies as we offer very practical approaches to learning, as well as a learning-friendly environment where students/clients are comfortable without distractions.
The Headline Tutors is a partnership entered into by childhood friends Jimmy Stuart a professional carpenter with over 30 years of experience in the woodwork industry and Mr. James Miller, an electronic repair expert who has spent 25 years working with electronics giant Philips. These have come together to start a business where they plan on combining their skills to teach people willing to learn.
There is a growing demand for the services of woodwork experts as well as electronic repair engineers. This has largely been driven by the innovations that have characterized these industries. With the rising costs in electronic gadgets and furniture, people are increasingly tending towards learning to seek the services of experienced technicians and carpenters to fix their furniture and electronic gadgets. This is more so due to the fact that fixing a faulty electronic product is cost-effective than having to buy a new one. The only difference here, however, is newer technology which may attract users to prefer buying new products.
Hence the demand for professional electronic repair and woodwork experts is on the rise. This is good for our business as we seek to provide the needed training, which will be accompanied with the necessary certifications after having been exposed to quality training.
Products and Services
For our woodwork department, the services on offer include tutoring on how to make wooden toys, varieties of bookcases, baby cradles, boxes, fruit bowls, blanket chests, as well as home pieces of furniture such as settee, beds, chair, tables, shelves and many more. Our electronic department will offer to tutor on repair of TV sets, radios, gym equipment, hospital equipment and many more, as most of these work on the same principle.
This business will be financed from two main sources that include savings set aside for this purpose by Messer’s. Jimmy Stuart and James Miller amounting to the sum of $300,000.00, while the sum of $700,000.00 will be raised from loans obtained from financial institutions where the duo are both clients/customers.
At Headline Tutors, we have a projected sales forecast which has been arrived at by conducting a 3- year quality survey on the forces of demand and supply in the furniture and electronic repair markets. This has revealed a lot of prospects for your business as we will witness a steady rise in our revenues. The chart below summarizes these findings;
- First Year $380,000.00
- Second year $700,000.00
- Third Year $1,500,000.00
While there are several tutoring services doing a good job, an advantage we have over these are our niche specific areas of specialization. This allows for greater focus and a streamlined effort channeled into achieving the desired impact. By choosing the two areas to focus on, we will offer more depth in tutoring and our clients will be the better for it as there are lesser distractions and they will only focus on what they are supposed to focus on.
Our Keys to Success
At Headline tutors, our keys to success include the creation of an excellent learning environment for the student that allows for maximum learning while also providing a work-friendly environment for our instructors to better express difficult concepts for better assimilation. Also, our crop of instructors will be carefully chosen from the best in their respective fields. These would be persons with a passion to impart knowledge and experiences they have gathered over the years.
This is an outdoor and home tutoring business plan sample you can work with to achieve the best results with your business. The business plan is one of the most important documents necessary for success in business. Hence it is important that you give it due attention.