Hi, all.I am considering starting up a tutoring business with a fellow teacher. The tentative plan is to concentrate on recruiting certified teachers as tutors, since so many of us tutor for extra money as it is, and we would like to market ourselves using the certified teachers as a perk (I have several teachers in my family, am active in my local teachers` union, etc, so recruiting should not be an issue). This idea stemmed from having a lot of students asking me where they can find tutors, me wishing I could legally offer my own services, and wondering where to recruit students to tutor outside of my own school.Some of my questions:-I know the overhead to start up would be minimal, but what sort of liability insurance and such would I need?-What are the disadvantages of doing this with a partner as opposed to on my own? She is fantastic at recruiting and marketing, and I question my own personal abilities in that area, and my strengths are more of the business end of things (web design, HR, etc). Is it critical to outline a growth structure in advance, to head off potential issues, or is that getting ahead of ourselves?-What do you think the best rate structure would be? Should we incorporate our fee into the hourly rate, or simply charge a placement fee?I suppose I need to do some research on the legal side of getting started, etc. I`m at the "I have an idea, now what?" stage, so thanks in advance if you actually read this entire post!
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To give you an idea of what you can charge, I`m in Chicago & the math tutor my daughter used 2 years ago charged $100/hour. The range for ACT tutors is $90-$240/hour.
I`d get in contact with schools in your area, PTA, etc. You also want referrals from past customers. When our daughter felt she needed math help, she asked her friends if anyone was using a tutor & who they liked.
Know exactly who you are "marrying", and consider being "single" as long as you can. Being a sole equity owner has its benefits, especially the sole equity part.ObsidianLaunch2007-8-12 0:13:2