Starting a Tutoring Business:

I decided to start a turoring business after working as an attorney for 20 years, I started looking around for consulting jobs such as legal consulting on business law. Thru an acquaintance, I learned that tutoring will be a big business.

The size of this industry may be impressive at first. Tutoring accounts for 11 billion from the GNP.

First, register your business by obtaining a business license, a DBA business name registration, a federal tax ID number and a state employer ID number. If you sell any tutoring materials such as scratch pads and pensils, you may also want to obtain a seller's permit. Go to www.businessnameusa.com to obtain these permits.

After you decided this is for you, starting with a plan is the next step.

Even though I started several businesses with out a business plan, a plan containing the following information may help you start.

What exactly will you by providing as a help to tutor?
Who are my target customers and how will I get in front of them. Don't make the mistake of not servicing a client because he leaves just a few blocks further than you would like.
What is the tutoring location will be? Staring from home may be a good idea to save money in the beginning.
Who will my employees be as far as tutors and office clerks?
In what way will I take my company to the next level each time it grows?
In what way will I project a tutoring business image?

In April, 2011, I decided to take a shot at this business by sending students to do the tutoring. So I contacted the University to find some students. The students went into clients home and tutored client's children in several disciplines including algebra, reading etc. The income was at least stunning: $100,000. For someone that just started, that was great enough to get me interested to doing it more in the future.

Here are some dos and don'ts.

Find out what you can do and whether this business is for you.

If you can do tutoring and start up a tutoring business the rest is the desire to do business as an owner of the business. If you just want to get out of a 9-5 job, perhaps that is not for you. You need to be hotly interested in starting your own business.

 Once you define the elements of your plan, execute it.

Register your business by obtaining a business license, a DBA business name registration, a federal tax ID number and a state employer ID number. If you sell any tutoring materials such as scratch pads and pensils, you may also want to obtain a seller's permit. Go to www.businessnameusa.com to obtain these permits.

Open a business checking bank account with the DBA certificate.
Start your marketing and advertising: Get some mailbox flyers and Craigslist. The good thing about tutoring is the very little start-up costs. Ask clients to refer you and do a good job so you can grow from the word of mouth.
Get business cards.
Set up communications with an 800 number. You should have an asnwering service.
Have a professional voice mail by hiring an answering machine.
Prepare a legal contract for tutoring services. You could find a samle contract and then revise it.

Be optimistic

Even if you generate a small amount of income in the begining, keep at it! Keep on making those marketing calls, save money keep afloat till you take off!

You will need to first, register your business by obtaining a business license, a DBA business name registration, a federal tax ID number and a state employer ID number. If you sell any tutoring materials such as scratch pads and pensils, you may also want to obtain a seller's permit. Go to www.businessnameusa.com to obtain these permits. 

 Be frugal with business spending

Don't go biserk with spending money for advertising and office furniture or overpaying your employees. For example, start from home instead of leasing commercial space, advertise in the internet instead of the yellow pages, and hold your spending untill you really need to

Set your price.

First lesson should be to charge for your time and your employees time. Most services charge between $30 to $70 per our for tutoring depending on the type of tutor and his education. For example, Alexander the great had Aristotle for tutor and I imagine Philip the King and father of Alexander probably paid Aristotle a great amount of money for that. So don't be afraid to charge a high fee for tutoring services. In addition, you will always ask your clients to pay you in advance for at least 10 or 20 hours of tutoring.