How To Start A Tutoring Business and Keep More Of What Your Earn
How to start a tutoring businessWe have been “tutoring” in our home since March 2004. It has been rewarding seeing the very positive changes we have been able to produce in the lives of hundreds of students. The ages of our students have ranged from five to over forty years of age.Common Questions and ConcernsWhen we began to pursue the idea of starting a tutoring business, the following were some of the thoughts and questions that came to our minds:
Do I have to be a college educated teacher?
I don’t know enough about any single subject area.
How will I know if the opportunity I’m looking at is a good investment?
What books and materials am I going to use?
Where would I go if I need help?
How much money can I make?
Choosing The Right Subject AreaWhen you make a choice about the subject you will tutor, you will want to pick the subject with the greatest demand, won’t you? Of course! One way to measure the demand for tutors in specific subject areas would be to find out how many people are looking for tutors in those and other subject areas. That’s one of the methods we used to decide what subject area we should choose as our focus.Another way to help you decide on a subject area is to see how students are performing, based on state and national testing. Your state department of education may have some online statistics that will help with this question. The U.S. Department of Education is another resource that will help you understand the subjects in which students seem to be weak.Choosing an Effective Tutoring SystemI can tell you from our years of experience that you and your students will receive tremendous benefits from using a tutoring system. A well designed and tested system will allow you to confidently take your students through the entire learning sequence, from beginning to end.A well designed system is a combination of proven and effective materials, and a well organized process that tells you exactly what to do each step along a path that leads to success. In addition, a good system should include the training you need to become a recognized expert in the subject, even if you do not have a degree in the subject.Price versus CostHow much should you pay? What’s the difference between price and cost? Price is what you pay up front, whereas cost is the total cost in the long run. If you elect to go for a low up-front price, in the long run it can cost you dearly. You need to look for a good return on your investment over a reasonable period of time. Chances are a good investment choice that returns your investment in a few or several months time will give you a tremendous earnings and reputation advantages for years to come. Be careful and wise. You reap what you sow.Learn How To Keep More Of What You EarnTo maximize your earnings (i.e. how much you get to keep) you will want to pay the minimum tax required by the law. Congress has passed tax laws to stimulate small businesses and home-based businesses. What you need is direction from someone who continually studies those home-based tax laws, and writes their meaning in a way that you and I can understand them and use them properly. When you know the truth about tax laws, you can save thousands of dollars per year in taxes.
