Business plan for a tutoring service
While it has filled some of Bryan's spare time, he is now ready to concentrate on developing this business into a more efficient source of revenue while retaining the joy of teaching that attracted Bryan to the business.
Private tutoring sessions are available, as well as small group study sessions. Now, while one-on-one tutoring from a friend may be a cheaper way for a student to go, there really is an advantage to paying for tutoring. Increase revenue steadily from Year 1 through Year 3.
Love and care can not be found in any business manuals. Moreover, his personalized attention focuses on the specific needs of individual students. The majority of competition comes from one-on-one tutoring conducted by friends of the student. Although the company has informally existed for the last two years, operations have been informal, picking up students here and there.
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Residential areas are ideally the best regions to start a tutoring center because the tutoring center will then be easily accessible to most of the students it will be targeting. Since that time, the business has continued to grow as new students have entered the program and tutoring has expanded to undergraduate courses. A training model is employed that gives students a good deal of hands-on time during the session so they can learn by doing. Accounting and finance principles work the same whether revenue is in the hundred of dollars or hundreds of millions of dollars and whether the calculations are round numbers or not - for purposes of discussion it is easier to work with smaller numbers to teach the principle before applying the principle to complicated situations with large numbers. We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats. This unique problem solving approach taught to students provides a system to approach all topics that they encounter in school. The residential community consists of all types of people from varying backgrounds. Tutors By The Numbers intends to deliver on those expectations, with a thorough meeting and consultation between tutor, parent, and student, where a rapport is established between tutor and student, and the parent's mind is set at ease as to the successful techniques the tutor will bring to the table and how efficiently time will be spent. The detailed market analysis of our potential clients is given in the following table: Market Analysis. Finally, the services offered by the company are differentiated from competitors by the quality of Bryan's teaching. This remains the core segment, although other segments have been developing and show potential to provide the bulk of future income. Within this market segment there will be three subgroups: quantitative clients, non-quantitative clients, and international students.
The marketing strategy will also incorporate a networking focus where the Bryan's Tutoring is in close contact with the professors. Creating excellent word of mouth promotion of services - clients sell services to other students. Some of these undergraduate students began seeking help with their respective classes.
Tutoring services are also available to students from other programs including undergraduate classes and community college courses.
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