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Business Proposal for a Tutoring Agency

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Business Proposal for a Tutoring Agency
Table of Contents
Executive Summary 4 The Market 4 The Services 5 Promotion and advertising 5 Management 6 Future plans 6
1. Description of the Business 6 1.1. Mission 6 1.2. The key factors 7 1.3. Goals 7 1.4. Scope of the business 7 1.5. The company 8 1.6. The owners 8 1.7. Legal and regulatory frame of the company 8 1.7.1. DBS Checks 9
2. Business opportunities 10 2.1. The driving forces 10 2.1.1. Experience 10 2.1.2. A rising market 11 2.1.3. Better return on investment possibility 12 2.2. Potential Customer 12 2.3. Competition 13
3. Marketing plan and Strategy 13 3.1. Initial essentials 14 3.1.1. DBS checks 14 3.1.2. Registration and licensing 14 3.1.3. Company Address 14 3.2. Objectives of the Business 14 3.3. The Unique Selling Proposition (USP) 15 3.4. Pricing 16 3.5. Promotion and Advertising 16 3.5.1. Word of Mouth 16 3.5.2. Sales Promotion 17 3.5.3. Social media marketing 17
4. Operations and Processes 19 4.1. Background of the owners / employees 19 4.2. Personnel plan 19 4.3. Dealing with the start up 20 4.4. The process of value creation 20 4.5. Diversity management 21 4.6. Services offered 22 4.6.1. One to one tuition 22 4.6.2. Group session 22 4.6.3. GCSE revision courses 22 4.6.4. Online services 22 4.7. Future operations 23
5. Technological consideration 23 5.1 Future online plans 24 5.1.1. Website 24 5.1.2. Distance learning via video conferencing 24 5.2 Communication 24
6. Financial Consideration 25 6.1. Estimated initial / fixed costs 25 6.2. Other Costs 26 6.3. Expected Revenue 26
References 28
Appendix 31

Table of Figures

Figure 1 Social Feedback Cycle

Figure 2 Estimated (fixed) Cost for Year 1

Figure 3 Expected Revenue for Years 1 and 2

Executive Summary

The proposal is for a tutoring company based in the East London area in the UK.



References: 1. Smith, H. (2012): Learn Small Business Startup in 7 Days, Wiley, Milton, QLD, AUS, p 2 2 3. Lesonsky, R. (2001): Start Your Own Business: The Only Start-Up Book You 'll Ever Need, Entrepreneur Press, Irvine, CA, USA, p 24 4 5. Pinson, L. and Jinnett, J. (2006): Steps to Small Business Start-Up: Everything You Need to Know to Turn Your Idea Into a Successful Business, Dearborn Trade, A Kaplan Professional Company, Chicago, IL, USA, p 2-3. 6. Henricks, M. (2001): Grow Your Business, Entrepreneur Press, Irvine, CA, USA, p 152. 7. Burk, J. and Lehman, R. (2004): Financing Your Small Business, Sphinx Publishing, an Imprint of Sourcebooks, Inc., Naperville, IL, USA, p 21. 8. Martin, V. (2006): Managing Projects in Human Resources, Training and Development, Kogan Page Ltd., London, GBR, p 11. 9. Reeves, R. (1961): Reality in Advertising, Knopf, New York, NY, USA 10 11. Hundekar, S.G., Appannaiah, H.R. and Reddy, P.N. (2010): Principles of Marketing, Global Media, Mumbai, IND, p 103 12 13. Assenov, I. (2012): Social Media Marketing and the Hospitality Industry: Evidence from Thailand. 6-7 Sept 14 15. Weintraub, M. (2011): Killer Facebook Ads: Master Cutting-Edge Facebook Advertising Techniques (2nd Edition), Sybex, Hoboken, NJ, USA, p 2. 16. Adler, L. and Sillars, R. (2010): Linked Photographers’ Guide to Online Marketing and Social Media, Course Technology / Cengage Learning, Boston, MA, USA 17 18. Volkmann, C. K., Tokarski, K. O. and Ernst, K. (2012): Social Entrepreneurship and Social Business: An Introduction and Discussion with Case Studies, Springer Gabler, p 106 19 20. Price, R. W. (2004): Roadmap to Entrepreneurial Success: Powerful Strategies for Building a High-Profit Business, AMACOM Books, Saranac Lake, NY, USA, p 45. 23. Fagg, H. (January 19th, 2013): New Disclosure and Barring Service (DBS): What it means for private tutors, http://www.thetutorblog.com/tag/crb/, accessed 10 August 2013 24 25. Burns, J. (2 August 2013): Private tutors boost grammar chances, suggests survey, http://www.bbc.co.uk/news/education-23547666, accessed 7th of August, 2013 26 27. Aug 17th 2013: Private tuition Premium economy, The Economist (British Edition), http://www.economist.com/news/britain/21583707-private-education-becoming-more-egalitarian-premium-economy, accessed 20th of August, 2013 28 29. http://www.hometutorsdirectory.co.uk/EastLondonTutors.html, accessed 09 August, 2013.

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