Should you start an LLC right now?
If you’re hoping to earn extra income on the side, whether to supplement your existing salary or to completely replace your full-time earnings, creating a tutoring business may be appealing.
On the surface, it seems incredibly easy to start!
You make a flyer.
If you build it, they will come.
If you’re thinking of turning your part-time passion project into a full-fledged entrepreneurial endeavor, make these 10 decisions first.
ONE: Will you require prospective students to attend an introductory consultation before any sessions start?
Will it be free, and what will you go over?
As uncomfortable as it may be, you need to decide whether you’ll take on anyone who wants to work with you, or whether you’ll screen prospective students based on your pre-determined criteria.
Which students will most benefit from your skill-set and current level of expertise?
If you encounter a family with unrealistic expectations, will you still take them on as students?
Or will you let them know, upfront, that it won’t be a good fit?
I’ve tutored off-and-on, on a part-time basis for almost 20 years.
I’ve worked mostly for schools, small companies, friends and family, and Wyzant, but very rarely have I sought out students completely on my own.
When I’ve worked for companies, I haven’t always been able to meet the families first.
Learn their goals, expectations, and prior experiences. Develop common ground and build rapport. Continue reading “10 Decisions You Should Make Before You Create Your Own Tutoring Business”