The Pros and Cons of Starting a Private Tutoring Business
Summer may be the perfect time to start a small business as a private tutor. This is a great business idea for teachers or anyone with teaching experience and exceptional knowledge in a specific area. Successful tutors also have a passion for helping others.
The Pros of Starting a Private Tutoring Business
While many private tutors are successful on a part-time basis, supplementing their regular income, private tutoring can also make a great small business.
Here are some of the reasons that tutoring may be the business for you:
- There will always be students who can benefit from individual help.
- Start-up costs are minimal.
- You can teach anything as a tutor, from math, to exam prep, to piano.
- You can build upon relationships you already have in your community.
- Word of mouth can help you grow your business at a fast pace.
The Cons of Starting a Private Tutoring Business
Potential challenges of starting a private tutoring business can include:
- You may face increased liability if you conduct tutoring sessions in your home.
- It can be a challenge to line up enough business to carry you through school breaks.
- You need to be exceptionally patient and work will with children.
- When you do a good job, your clients may not have a need for your services any longer.
- You need well-rounded knowledge and experience.
- You may be competing with the school's own tutoring program or recommendations.