Privately-Operated College Tutoring Service

A college tutoring service located on the ARC campus offering hourly rates discounted for students. Highly selective tutors ensure quality tutoring for a variety of subjects. Competitive edge through attractive discounts and availability. Detailed analysis of the industry and target market. Professional executive team in place. Financial breakdown includes expenses for software, equipment, website, and employee salaries.

• Tutoring
• College
• Service
• Quality
• Competitive

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Uploaded on Feb 23, 2025 | 0 Views

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Presentation Transcript

1. TUTORING TUTORING CONNECTIONS CONNECTIONS Tetyana Chervenkova Joshua Ayotte Rima Hakim Allie Webb

2. BUSINESS CONCEPT A privately-operated college tutoring service located on ARC s campus Book by appointment or drop-in Hourly rates, discounted for students in host campus Buy as many hours as you want

3. COMPETITIVE EDGE Discounts will be highly attractive to students in the host college High level of availability Charge an hourly rate with no limit of hours Highly selective about tutors, well- compensated to ensure quality tutoring

4. INDUSTRY ANALYSIS The third-party instruction industry includes Academic tutoring Driving schools Professional education Industry Breakdown Exam Prep and Tutoring, $4,231,500,000 Other Schools, $4,296,600,000 Total:$9.3 billion Growth: 1.7% Driving Schools, $771,900,000 (IBISWorld, 2014)

5. TARGET MARKET ARC has a current enrollment of 33,440 students, and nearly 75% of them are part- time Likely to be working students Discretionary income Time-constrained Over 30, 18% Under 21, 56% (IBISWorld, 2014) Between 21 and 30, 26%

6. COMPETITIVE LANDSCAPE Highly fragmented market 58.8% of competitors have 5 or fewer employees Top 5 competitors make up 10% of the market, only two of these provide college level tutoring

7. Comprise 10% of Market Share

8. EXECUTIVE TEAM Tutoring Connections has a founding executive team of four professionals from diverse fields: Tanya Chervenkova Chief Executive Officer Joshua Ayotte Chief Personnel Officer Rima Hakim Chief Financial Officer Allie Webb Marketing / Administration Head All investing owners as well as the executive managers.

9. FINANCIALS SIGNIFICANT EXPENSES Computer Software . $5,000 one-time Equipment . $6,000 Website, Room Design, Licensing . $1,760 Total Employee Salary(2400 hrs/month) $28,800/month Additional Employee Expenses .$20,160/month Rent ..$1,000/month Other Reoccurring Expenses .....$ 900/ month one-time one-time

10. FINANCIALS INVESTMENT / FUNDS NEEDED Each Team member invests $15,000 $60,000 Family/Friends .. $10,000 Bank Loan . ..$20,000 Total Funds .. $90,000 Note: $20,000 Bank Notes will be paid in 2 years $40,000 Loan will be paid in 2 years $30,000 will be kept as Capital Stock

11. FINANCIALS BREAKEVEN POINT Demand Expected Revenue 1stthree month 1800 hours/week ..$43,200 Fall/spring semesters 2400 hours/week ..$57,600 Summer semester 1600 hours/week .$38,400 Reach at end of Month 5

12. THANK YOU! THANK YOU!