Setting up of tuition centre

[tamarind]

Instead of franchising, I would suggest that you do research on new teaching methods. Just google and find some western or japanese sounding names will do Then charge high fees. Parents will think that, since it is so expensive, must be good right ? I also think that parents are willing to try out new teaching methods to give their kids an edge.


Here's some teaching methods :
http://www.mentalfloss.com/blogs/archives/25926

Seriously, I have been thinking of setting up business in the education sector, and that's what I will do if I ever start on it.

[jamiechia73]

hi ivanlew, you seem very experienced… have you spoken to any franchise business before? which are the ones?

[jamiechia73]

As mentioned by Ivanlew, "Pro - teach is day care that provide tuition but I don’t think they allowed you to give extra lesson to earn more or utilize your place during weekend or at nite. " … is this allowed? do they have MOE licensing?

[jamiechia73]

mind sharing what’s the startup cost needed for kinderland?

[winth]

Hi,


My friend was a full-time tutor and was earning good money until he decided to open his own tuition centre.

He had set up his centre in one of the most prominent tuition hubs in Singapore. For the past 5 years, it was like hell for him. He couldn’t sleep well, suffered poor relationships with his family and barely had enough to spend, after deducting all the revenue to pay his teachers, rental, course materials, utility bills. In order to recoup his losses, he almost wanted to open another centre (for the hope of more revenue since he felt that his fixed cost should only increase marginally), but it was a blessing that he didn’t.

He finally gave up after 5 years, sold his tuition centre away and went back to full-time tutoring. We avoided this friend of ours for many years too as he kept coming to us for loans and all the lies he told us so as to hide away from his real situation. It was really bad.

In total, he loaned about a $100K from his mum over the past 5 years, plus his own savings and couldn’t recoup his losses.

Tuition centres might not be look like such a very lucrative business as it seems. And if you are not careful, you might end up with huge losses. Please think through carefully.

My 2c worth.

[Funz]

setting up a business is easy, sustaining it is a whole differently ball game altogether.


Like Tamarind, I suggest that you research and maybe try to bring in a new methodology instead of taking on any of the franchises. There after, look for an existing operation to take over, you will then have some revenue to cover rent and basic operational cost and also not have a gestational period. If all goes well, start franchising out your brand to others who are interested. That is where the big bucks are.

[jamiechia73]

it’s not really about the money… it’s for the love for children and the drive for education… i just met up with someone who took a franchise from a well-known education centre in singapore … seems to be doing quite well…

[skunk]

winth:

Hi,


My friend was a full-time tutor and was earning good money until he decided to open his own tuition centre.

He had set up his centre in one of the most prominent tuition hubs in Singapore. For the past 5 years, it was like hell for him. He couldn't sleep well, suffered poor relationships with his family and barely had enough to spend, after deducting all the revenue to pay his teachers, rental, course materials, utility bills. In order to recoup his losses, he almost wanted to open another centre (for the hope of more revenue since he felt that his fixed cost should only increase marginally), but it was a blessing that he didn't.

He finally gave up after 5 years, sold his tuition centre away and went back to full-time tutoring. We avoided this friend of ours for many years too as he kept coming to us for loans and all the lies he told us so as to hide away from his real situation. It was really bad.

In total, he loaned about a $100K from his mum over the past 5 years, plus his own savings and couldn't recoup his losses.

Tuition centres might not be look like such a very lucrative business as it seems. And if you are not careful, you might end up with huge losses. Please think through carefully.

My 2c worth.

sounds exactly like what i went through it was sheer hell.

[skunk]

jamiechia73:

it's not really about the money..

really? wow, why not make it free then?

[Ivanlew]

jamiechia73:

mind sharing what's the startup cost needed for kinderland?

If I remember correctly what my friend told me, it should be more than $100K including the royalty fees. KinderLand don't allowed you to setup at HDB block must be either shopping mall or landed property. If you choose landed property you will have to built an emergency staircase is a regulation and that staircase well cost you around $20k. Lot of money that you have to spend to setup child care. So tuition center is cheaper.