Starting a GMAT tutoring business (in order to work from home) is a good decision when the appropriate plan is in place. It takes some effort to get started and build a clientele, but it is well worth it. Take the right steps to avoid common mistakes, and success will be yours.
Mistake #1 - Not Knowing What GMAT Means
First, it is important to know what GMAT means. Your potential students will expect you to know this basic information and it will help you to establish the trust needed.
You should be able to tell your students the following: GMAT stands for Graduate Management Admission Test. It is a standardized, computer-adaptive test (CAT). GMAT's are used to assess ability in math, English, verbal and written skills. The test is typically a prerequisite for those entering a graduate school business program, trying to earn an MBA.
Mistake #2 - Having No Experience
Attempting to become a GMAT tutor without ever having taken the test yourself is a mistake. Your own experience becomes your credibility, and students will look to you for your perspective. It is also difficult to teach something without a frame of reference.
You should be able to tell students how long the test takes, what your score was, what the highest score is and what the average score is. You should also be able to inform students where the test sites are locally, as well as test times and dates.
Mistake #3 - Lacking Teaching Desire
Becoming a GMAT tutor does require a certain level of desire to teach; it is a mistake to become a tutor without a passion for teaching. The bulk of your business will be spent teaching in order to build skill level and preparedness. Lack of passion and desire will be apparent and is not conducive to growing your business.
Mistake #4 - Not Offering Group Tutoring
One way to build your business is to offer group sessions. This makes it more affordable to students and gives you the opportunity to get the information to several people at once. Some people learn more effectively in a group experience because of what they gain from feedback and peers.
Mistake #5 - Not Catering To the Individual
On the other side of the coin, you need to take into consideration the needs and learning styles of individuals. There are advantages to providing individual tutoring, as well as group sessions. Some people are more successful and less self-conscious with one on one focus.
Mistake #6 - Ignoring the Business Aspect
Once you have decided to become a GMAT tutor, it's important to designate a certain amount of hours per week or month to building and maintaining your business. This includes the promotion of your business, the bookkeeping and the marketing aspects. You will need to determine where you will advertise, how you will bring in new business and how you will keep any current students.
Avoiding these mistakes will help ensure your success. Learning to adapt to the needs of your students will bring referrals (and your business will grow).