Microsoft Word - Sample Business Plan

SampleBusinessPlanforMakingLearningFunTutoringService

BusinessDescriptionMakingLearningFunTutoringService:

Offersalessintimidatingapproachtotutoringwhileencouragingkidstoseehowlearningmathand

readingcanbefun,byprovidingfuninteractivetutoringlessonsforschool‐agedchildren,betweenthe

agesof7to14.Thestudent‐to‐studentapproachallowsstudents

tofeelcomfortable.Thetutoring

servicewillbelocatedinJacksonville,FlandprovideservicestoresidentslocatedintheWestsideand

Mandarinareas.

DescriptionofServiceandOperatingHours:

MakingLearningFunTutoringServiceprovides servicessuchasconsultations,assessmenttesting,and

one‐on‐oneorsmallgrouptutoring

sessions,testreviews,studyskills,andassistancewithFCATtesting

preparation.

Tutoringcanbeprovidedeitheratschool,alocallibraryorthestudent’shome.Hourswillbeafter

schoolbyappointmentbetween2:30pm‐5:30pm.Weekendappointments areavailableataslightly

highercost.NosessionsonSundays.Appointmentscaneither

bemadebyphoneoronthewebsite.

Therewillbeabrokenappointmentfeeforno‐showsand/orcancellationsmadewithlessthen24hours

ofnotice.

Marketing:

MakingLearningFunTutoringServicewilluseflyersastheprimaryresourcetomarketourservices.

Aftergettingpermissionfromthe

schoolprincipalswewillhangflyersatlocalschoolsandprovide

additionalflyerstotheguidanceoffices.Wewillalsoadvertiseourservicesduringschool

announcements.Sincetutoringwilltakeplaceatlocallibraries,flyerswillalsobelocatedonthe

communitybulletinboards.Ina dditiontoflyers,anothermarketingtool

willbeamonthlyrafflefora

freehouroftutoring.Rafflebowlswillbelocatedatthelibraryandtheschoolfrontoffice;studentscan

entertheirnamesforthedrawingthatwillbedoneattheendofthemonth.

Theflyerswillbedesignedbythestudents 

andsincewewillbeofferingserviceswithintheschool,we

havebeenallowedtomake50copiesforfreeonceamonth.Utilizingalocalofficesupplystorefor

additionalcopiesi.e. OfficeMax,OfficeDepot,Kinko’sorStaplesweplantospendroughly$60foran

additional200copies.



MakingLearningFunTutoringServicewillpayalocalstudentforwebdesignandmaintenanceof

website,withastart‐upfeeof$75andmonthlymaintenancefeeof$35.

Competition:

DirectcompetitionwillcomefromothertutoringcenterssuchasKaplanTutoring,SylvanLearning, and

HuntingtonLearningCenterwith

someofferingSundayhours.TwoadvantagesofMakingLearningFun

TutoringServicearetheabilitytotraveltothestudent’sschoolorhomeandparentsdon’thaveto

worryaboutleavingworktopickuptheirchildandtraveltoatutoringcenter.

MakingLearningFunTutoringServicedoesnotintendtocompetedirectlywiththesecenters,but

provideparentsandstudentswithalowcoststudent‐to‐studentapproach.

Management:

MakingLearningFunTutoringServiceisownedbythreestudentsinthemathclubatBonaparteHigh.

Werangeinagefrom16

‐18yearsoldandarerankedwithinthetop5%ofourclass.We’vemaintained

straightA’sinallofouradvancedmathandscienceclassesandtwoofushavebeentakingcollegelevel 

mathsinceourjunioryear.Wehavebeentutoringstudentsatourhighschool

forthepasttwoyears.

Anassignmentinoneofourbusiness/financeclassedwastodevelopabusinessplan.Thissparkedthe

ideaofmakingmoneydoingsomethingweenjoy.

Thebusinesswilltrackclientsbyusingspreadsheetsandsign‐informswhenmeetingwithstudents.

Eachtutorisexpected

tomaintainatleasttwoongoingclients.Whennewstudentssignuptherewill

bearotatingschedule,unlessastudentrequestsaspecifictutor.

Finance:

Ourclientswillbecharged$20perhourwithaminimumtwohourcommitmentmeetingtwiceaweek

twotimesamonth.Additionalsessions

maybeneededdependingontheresultsoftheassessmenttest.

Eachtutorwillput20%oftheirfeescollectedbackintothebusinessforexpensessuchassupplies,

advertising,andwebsitemaintenance.

$20anhour@2hours=$40

Student#1=$40persession2xaweek=$80x2twicea

month=$160

Student#2=$40persession2xaweek=$80x2twiceamonth=$160

Total=$320amonthpertutor



INCOMESTATEMENT:MakingLearningFunTutoringService



EstimatedRevenue:(permonth) $960($320x3tutors)

Expenses: ‐

WebsiteMaintenance $35

OfficeSupplies‐paper,pencils,etc $20

Books $30

Advertising/Promotions $60

Other $30

TotalExpenses $175

A.NetProfit $960

B.Taxes+Expenses(100+175) $275

C.NetProfitAfterTaxes $685($685/3=$228pertutor)

