Setting up of tuition centre
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I was reading this thread from the beginning and found it to be very interesting. Most interesting are the very diverse success and failure stories. Thought it may be useful for me to contribute something here. Basically the skills set to be a successful entrepreneur are different from that needed to be a very good tuition teacher. To run a successful business like a tuition centre, one has to be good in marketing, finance, interpersonal skills in managing other tutors, innovation, etc. In other words, multidisciplinary management skills. In fact it should not be surprising that the more successful entrepreneur is not a good tutor at all. Having said that, it does not mean that someone who is a good tutor cannot develop to be a successful entrepreneur. If the person is willing to learn the new skills required, then chances of success are better.
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Anyone interested in setting up a tuition centre in the east?
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meinteel:
Anyone interested in setting up a tuition centre in the east?
If I have the cash, why not?
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Anyone still interested in running a enrichment centre can check this website for the takeover of the schools;
http://www.michaeltan.com.sg/LearningCentre_mikeProperty.htm -
senseimichael:
meinteel:
Anyone interested in setting up a tuition centre in the east?
If I have the cash, why not?
It doesnt cost a lot to set up a tuition centre
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Hi,I am interested in giving Science tuition to Primary & Secondary levels,does anyone interested to join,so that we can focus on English,Science & Maths tuition to neighbourhood needy children at affordable fees.I have a friend who is specialized in English.We can approach through CC/RC .If you are interested E-mail me.
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I heard that the profit margin is slim? Anyone can advise?
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Ja3:
I heard that the profit margin is slim? Anyone can advise?
It depends on location, on the qualifications of the teachers, and whether the parents are willing to pay if you are running a \"boutique\" centre. I agree that the margin is not terribly fantastic for a \"grassroots\" tuition centre. -
It really depends on your centre’s reputation. Some centrex charge as low as $10/hour while others as well as $35/hour. Student numbers per class vary from as little as 4 to around 15.
Most centre are working on a reasonable margin from a business perspective but there are quite a few on low margin mainly because they either,
1. Trying to build up student base/reputation
2. Teachers in the centre are not ‘highly qualified’ -
There are some people who think that setting up a tuition centre is an easy job with a potential for high income. It may be true only for the very successful enrichment centre who found their niche in this market. It is a fallacy that tuition Centre was anything but easy. I had a friend who was passionate about teaching and went gung-ho into it with another 2 partners at a shopping centre. After a year, she had to shut down the tuition centre and their relationship had soured as a result. She told me they had irreconcilable differences where it comes to collection of school fees and operating the centre. They are also always comparing as to who did more to deserve the profits, if there were any at all.
When my friend was retrenched from her managerial job, she ended up working in temp/ contract positions to provide for her family. Then suddenly one day, she told me that she is going to set up a tuition centre with 2 partners whom she barely know and it was the passion to be her own boss and help nurture the next generation that made her determined to enter this joint venture. Her family gladly invested 5 figure sums into her new partnership.
She shared with me some of her unpleasant experiences. There were students who misbehaved during lessons and was always disrupting the classes and vandalizing her premises. She subsequently realised they were rejects from other tuition centres. There were also children with ADHD and their parents would usually blame her for not improving their results. She gathered from some parents that they had many tutors before but to no avail.
There are some kids who had tuition at other tuition centers besides her tuition centre, and their results were always bad. They usually stop when their results didn’t improve much after a few months and she had to find new students again or live on a lower income. Some parents refused to pay her the school fees even after their children had utilized their security deposits. She also had to deal with parents who forced her to conduct remedial lessons at her own cost when their children could not attend the lessons because of CCA or other personal activities. There is one parent who demanded her school fees back after 4 lessons because her child failed the prelim paper. It was unfair to my friend to be judged for her child’s performance based on just 4 lessons. I don’t think anyone can understand how she felt unless they had been through it all. Because she isn’t the confrontational sort, she refunded the school fees, short of breaking into tears in front of the parents who treated her abusively.
Usually she had to chase students for their school fees after every month. Most of them would forget to tell their parents and most parents didn’t bother to keep track of the lessons given. Only a few of them were prompt in giving her the school fees every month. She was even got scolded by some parents when she reminded them of the school fees. Her cash flow is so tight that she needs to use her own salary to pay upfront the rent, utilities, her teachers, stationary and the materials. What’s more, she has other 2 partners who don’t seems to put enough energy in running & marketing the centre and they had depended on her and demanded their profit sharing every month.
To conclude, I find the tuition market to be very unstable and volatile one. Nobody would want to be in this trade if there is a better alternative. It is the same scenario for taxi drivers and insurance agents.
With stiff competition from tuition centers, I cannot tell whether they are good or bad for anyone to venture into if they do not understand the tuition market well. But then, if running a business is so easy, then anyone would be rich, simply by quitting their jobs to run their own tuition centers.
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