Home Tuition Business idea!!

INTRODUCTION

Nowadays, education has become a very crucial part of every one’s life. It is difficult to survive without education, as education provides you the ability to write, read, understand thing. The education provides you to understand between right and wrong and that education to get better by attending schools and colleges. But there is one bigger issue creates here as schools have becoming only the commercial market and profitable business to earn money. this causes students to shift to online education and home tuitions for better learning and making their future safe.

As in this education sector, students have burden not only to pass the exams but also to score good and achieve good rankings in the school. For this they engaged their child into home tuitions. Also it helps to concentrate on students individually and doubt solving. This promotes home tuition business more rapidly to grow and make faster growth. Also, the business is on high demand. It requires very less efforts to settle the business and can be easily start setup with few students also. Tutors requires less in number at starting you can manage it with yourself too.

CASE STUDY

In this business of home tutoring we have to follow certain measures to allow profit to gather and make it worth the efforts. In this business people do certain things that are:

Open start up at home: If your home is quite big and arranging small room for the teaching purpose is possible, then you can use this idea. For this just have to make space for the start up to settle. It saves your rent amount.
Renting a place: If you are living in a metropolitan city like Mumbai where it is difficult to have a big home, you can rent a place nearby. Though you have to invest some money in it, but once starts profiting it doesn’t cost too high.
Hiring a tutor: if you have busy lifestyle, but though wanted to start side business .and didn’t want to engaged too much time, hiring a tutor is nice idea and that fellow also gets hire.
Opening as a side business: if you have interested to start a business other than your job, then this business is suitable for it to start as it needs no extra efforts to put.
Online home tuitions: those students who are unable to come and due to lack of time. Online tuitions are so perfect solution for it, even if you are living in different city or state.

BUSINESS IDEAS’S SWOT

Strength

As the name suggests you can start at your home and expand it then to commercial coaching institute.
In this business, you don’t need to follow any one’s order and rules, own boss.
In this you can scheduled appointments are schedules as per the convenience of one’s.
Very less investments have to made in starting this type of business.
This business is easy to start and easy to dissolve also.

Weakness

This business is target oriented type, as you have to complete the syllabus of students before exams.
This business demands your up dation often and on regular basis.
Awareness must be their for the sake of students future as you are the key to it.

Opportunities

This business can be started in your home if didn’t have any coaching centre near your locality.
Also, if you are the school teacher you can ask your class students to join your home tuition classes for extra preparation and learning.
This business can be done by side business also as if you have extra time left.
You can do it as part time also with doing studying for graduation or masters also.
A free house wife can also start this classes.

Threats

When similar type of business is started in your nearby location.
The syllabus of students keeps on changing and updating.
Students performance directly reflects during tuition and affects your reviews.

OPERATIONAL PLAN OF BUSINESS IDEA

To run the business of home tuitions and becoming home tutors these are the procedure and plans you have to keep in mind before starting and if started correct it:

The first step is how you are going to start the business; I mean what are your goals and planning regarding the same. If you find the answer then have to do planning according to that. If someone wants to start the business but didn’t have facilities for it like the place, so first thing before anything further planning’s they have to start searching for the place.

But while searching has to keep in mind about the location. That is location must be competition free or less competitive .it increases your chances of emerging.

The next point is kept in mind what type of students they are going to teach. If find answer then another question arises, are they able or that much qualified to teach them. Like if they have to make coaching of 11^th and 12^th class they must possesses the degree of bachelors or m aster in that relevant field. Otherwise have to hire professional.

The important plan then comes have to gather their study material and books. The books and material must be of latest edition or updated syllabus. The proper notes are the key point help in growing this type of business and students demand for it also.

The another yet important concept is nurturing environment for the study. You have to create your place or classroom as per the student’s favourability. They must be comfortable with the table, chair and furniture.

LEGAL NEEDS

As per the Indian Norms: