Math Teacher Adds Up The Profits At Champion Tutoring In Charlottesville, VA

Topics:
Small Business
Tags:
Finance,
Operational Accounting,
Sales,
Sales Strategy,
SCORE,
Teacher
Source:
SCORE

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Overview: School teacher Audrey Menard did her best every day to generate an appreciation and understanding of mathematics. But at the end of every class, she was overwhelmed by the number of students that asked her for extra help. She knew about education and believed in the importance of individualized tutoring, but she didn't know the first thing about starting and managing a business. MacDonald SCORE counselor gave Menard homework assignments such as checking out the competition, visiting potential office space and figuring out market potential. He provided her with assistance in all aspects of developing the business, including creating a business plan, developing a marketing and sales strategy and managing cash flow.

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