Indian Tutorial Industry is a $40 Billion industry growing at a CAGR of 35%
Chandigarh is emerging as the education hub for the nearby regions. Students from Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, travel all the way to Chandigarh for tutoring. Indian Tutorial Industry is a $40 Billion industry growing at a CAGR of 35%.
The Tutorial Industry in Chandigarh has mushroomed over the years and is continuing to grow rapidly. There is huge potential for entrepreneurs who want to venture into tutorial business. If you are one of them, take note of these following points before starting a tutorial business in Chandigarh.
Licensing and Registration
If you want to start a small scale tutorial centre, there are no licenses required to be obtained. But, if your tutorial centre intends to be the size of an institution, you would need to get a trade license and pay tax for the revenue generated by the centre. If the financial gain of the centre exceeds 9 lakhs per annum, registration of the business becomes mandatory and service tax becomes payable within 30 days.
The tutorial centre should ideally be located in a central place. You can also hire commercial space, preferably a nice complex in the town or city. The Location factor does have a binding effect on the students. The reason for choosing the central location is that it will be easier for the students to reach the classes and will create natural publicity for the tutorial centre.
It is essential to have a big space so that the students can sit comfortably in the room. You need to have basic amenities such as chairs, bench, washroom, blackboards, fans etc. Students will be attracted to your tutorial if they have better facilities.
You can also keep all inspirational books related to your subject in your tutoring room. Moreover, it is also important to have at least one computer system in the tutorial centre. This will help you to maintain all the records efficiently.
One of the vital things to consider before starting a tutorial centre is to hire competent staff. The quality of your tutors will be deciding factor for the success of your business. Hire someone who is proficient in the subjects and also meet the requirements of students. You also need to hire people like receptionist, helping staffs, and watchmen etc to run your tutorial classes smoothly.
Promotion and Marketing
There is huge competition in tutoring sector. Thus, it is necessary to have a strong marketing technique. This is the most vital part of any business. Marketing helps in bringing more and more customers to the new tutorial centre.
You might seek the help of an agency to do it for you and besides, you can also do self-promotion through word-of-mouth and distributing pamphlets and leaflets near schools and colleges. The marketing strategy of the tutorial centre must be eye catchy.
Those who want to start their own business or take up franchisees can join in the FRO 2019, happening in Chandigarh on 19-20 January, to know more about the franchise business, financial advice, and business advice from the experts. Meet the investors personally and participate to change the small world of business.