Friday, February 16, 2007

Starting a Preschool Business

Thinking of jumping into a kids’ education and tutoring business? Here are some tips for starting up.

  • Buy materials sparingly at first. You may be excited about starting a tutoring business, but don’t clean out the teacher supply store on your first visit. You likely already have much of what you need.
  • Organize your policies. Determine your pricing and makeup policies upfront.
  • Market where the parents are. Network with your local school districts, either to sell your tutoring services to them directly or to have them refer parents to your company. Advertisements in local parent publications or a flier in the local library can also help get the word out about your company.
  • Start locally. Find out your community’s requirements and regulations regarding tutoring services
  • Be careful with your money. Schools often pay on a 90-day delay, so make sure you have enough working capital to survive that cash-flow crunch.

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