Know Where Your Tutoring Business is NOW to Move it Forward
When you started thinking about building a tutoring business, your heart likely started beating a little faster thinking of all the possibilities! Having a tutoring business allows you to make an impact on the lives of students in the most powerful way. AND you get to create a life that works for you!
Then you start thinking of all the “stuff” you need to figure out. Suddenly, it feels like just a little bit “too much”, and you’re not sure what to do next. It can take time to decide what things to focus on NOW to propel your business to the next level.
Are you still considering launching your tutoring business? Read 9 COMMON MISCONCEPTIONS ABOUT STARTING A TUTORING BUSINESS!
Why You Need to Know Where Your Tutoring Business Is
Building a business can feel overwhelming until you focus on the right things! To focus on the right things, you first have to know exactly where you are, right now.
You were so excited when you began to imagine starting a tutoring business, but then things start swirling around your head…
- Websites
- Business cards
- Social media
- Contracts
- Policies
- Taxes
- Sole proprietor vs. LLC
- Renting an office
Do you need to do All. The. Things? Do you need to do all of them NOW?
We can’t do everything, but we can do the right things!
Successful business owners know which activities will “move the needle” on their business forward. Understanding what stage of business you’re in allows you to focus on the best action steps to take now. If you don’t you could end up focusing on the wrong things, which actually may delay reaching your goals.
Learn more about setting goals for your tutoring business. Read 5-STEP TUTOR BUSINESS GOAL-SETTING PLAN!
The Five Stages of a Tutoring Business
- Stage 1 Start-Up: You are ready or have just started to build the foundations of your business. You may just be starting, or maybe tutoring is still just an idea.
- Stage 2 Growth: As you transition from Start-Up to Growth, you have a steadier caseload of students and are starting to establish policies.
- Stage 3 Stability: You’re looking for ways to improve your workflow and business procedures. At the stability stage, you are fairly confident in your policies and routines for your tutoring business.
- Stage 4 Systems: Everything is running like a well-oiled machine. As you continue to tutor, you may begin to look for other ways to diversify your income. You may also spend more time in the community making stronger connections with referral partners.
- Stage 5 Scale: You are ready to scale your tutoring business and make more of an impact (and you’ve got the money to invest to do it!) This might look like hiring a team or pursuing additional opportunities.
Building a business is rarely a straight line, but more like loops, rises, and dips. Your tutoring business may be in any of these stages or in two at the same time as you transition between stages. You need to identify where your tutoring business is to plan for moving forward. So, what stage are you at in your tutoring business?
Now that you know where your business is, get laser-focused on the next steps to propel your tutoring business forward!
Grab the keys and get ready to begin your journey to a successful tutoring business! No need to spin your wheels, we’re here to help! Join us for a week of training and motivation delivered straight to your inbox!
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