Are you a teacher who hasn’t been able to return to work since having your child? Do you have a degree in science and know you can ignite passion and understanding of your subject in others?
Starting out as a tutor could be a great way to earn some extra money and you get to decide how and when you work and from where.
As with all business endeavors, there is a need to do some research into the intended field before actually making the commitment to start the business entity.
Several different factors should be carefully considered before you start:
1. Find your niche
Yes, you have the required degree(s) to teach your chosen subject but who do you plan to teach? Will it be secondary school students or adults learners? Tutoring services like Geek School, for example, specialise in helping children pass their 11-plus exams.
2. Assess the competition
Like with any business venture, you have to check the competition. Are there other tutors in your area? Can you match or beat their prices? Is there a service or level of teaching they don’t provide that you can tap into?
3. Where will you teach?
Tuition can take place in the comfort of your own home or you can go to your student. If you choose the firmer, be sure to take out the right business insurance to cover yourself for any accidents etc.
4. How much and how to charge
Having a steady flow of income and knowing when you expect that flow is crucial to the success of your business.
Some tutors charge upfront for a month – students are less likely to drop out at short notice this way. Others charge cash on the day with a fixed cancellation period so that they can fill in any gaps if someone pulls out.
Will you take cash only, cheques and/bank transfers? These are all things you must consider.
The following guide will talk you through more factors you should consider in a tuition service: