| Starting a tutoring company is straightforward | | | | methods . Consider calling all the guidance |
| process that requires a few steps for success. | | | | counselors in your local school district. Let them |
| You must determine your structure; plan for | | | | know about your services. Email teachers who |
| insurance and layout a solid marketing plan. With | | | | specialize in the area(s) that you tutor in. Contact |
| shortages in both teachers and tutors this | | | | any home school organizations within your area. |
| industry is only expected to expand. | | | | Post your services on Craig's List. Post your |
| Your first step is to determine if your tutoring | | | | service on-line with Yellow Book. Demand for |
| company will employ other tutors or if you will be | | | | tutoring services is often high in early September |
| the sole tutor for the company. If you plan on | | | | and early January, so start your company close |
| having other tutors work for you, then you may | | | | to these months. |
| want to consider hiring them under the | | | | Finally, don't be afraid to ask for help. There are a |
| independent contractor status. Having tutors | | | | lot of larger and well established tutoring |
| under the independent contractor status will help | | | | companies out there today. A call to a senior |
| reduce your liability, reduce payroll costs and help | | | | member of their management can help clarify |
| simplify your business. The IRS has a bullet point | | | | questions and keep you on track. The Small |
| list of what classifies an independent contractor. | | | | Business Administration can also be a great help. |
| Reducing the exposure to lawsuits is a critical | | | | When I started my tutoring company I contacted |
| factor to any successful business. I suggest start | | | | the SBA. I was assigned an MBA student who |
| up tutoring companies' form under Limited Liability | | | | helped me with my business plan. They also sent |
| Company (LLC) structure. This helps to create a | | | | me to an attorney who specialized in business |
| level of protection to help shield your personal | | | | start-ups. The meetings were all free and the |
| assets. The LLC will also provide tax benefits that | | | | information was invaluable. |
| your CPA can explain in full. Once the LLC is | | | | Demand for tutors is expected to rise over the |
| established you will then need to properly insure | | | | next decade. Significant budget cuts re occurring |
| your business. If you are a teacher your union will | | | | at over 50% of public schools nation wide. This is |
| often have access to insurance riders that can be | | | | creating a void in after school programs that |
| as low as $20.00. | | | | tutors can actively fill. The tutoring industry can |
| Once your business is insured and you have an | | | | be challenging but with a solid plan in place you can |
| established LLC, you can start to market your | | | | succeed. |
| services. Initially, try to market using low cost | | | | |