This section summarizes why Ace Haste Tutorial is potentially the right choice for business students who need assistance in their business courses to achieve excellent grades. At a very affordable service fee while focusing on student’s progress, the opportunity for growth in this business is great!
The Business
Ace Haste is a tutorial service provider that caters face-to-face and online learning of business courses such as Finance, Accounting, Economics, English, Marketing/Management.
Contact Information
Website: ranieltividad.opened.ca Email: rmtividad07@gmail.com
Located in 4702 Park Avenue Terrace, BC V8G 1W1
Structure
Sole Proprietorship owned by Raniel Tividad.
The Gap
Business students find hard times acing courses like Finance, Accounting, Marketing, Management and English and there are limited options that could cater their needs. I did some home-based tutorials in the past and I have seen the potential opportunity for this business as side hustle. I,the owner, have proven the credibility with my classmates and colleagues, thus it was easy for me to land students for my tutorial business.
Service Offerings
Ace Haste Tutorial can cater;
Face-to-Face Tutorial for Terrace and Thornhill residents.
Online Tutorials for other CMTN Campuses and residents in Northwest BC.
Competition in the Market
CMTN Tutor on Request (Available for students, but currently shorthanded).
Online Tutorial facilitated by North BC Government. (Limited courses offered).
Tutorax (Online and Home-Based Tutorial but high in prices and not readily available).
The Goal is to fill the gap that these major players cannot provide through the aid of effective marketing strategies as well as the connections in the community.
Target Market
Academically challenged business students residing in Terrace and other CMTN Campuses with the purpose of helping them learn in effective way and to achieve long-term success. It also targets middle to high income earners, specifically parents who can afford to pay for additional learning platform like tutorial.
Revenue Sources
Solely from tutorial service fees and profit sharing with hired tutors.
Additional long-term revenue stream: monetization from tutorial contents to be uploaded on YouTube.
Financial Projections
For the first year of operation, the owner will provide initial capital which will be retained or withdrawn at the end of year 1, while the net profits will sustain the business in year 2 and year 3.
Here is the summary of profit and loss projections.
Year 1
Gross Revenue: $ 11,030 Total Expenses: $ 2,242 Net Profit: $ 7,733.44
Profit Margin: 70.11%
Year 2
Gross Revenue: $ 19,310 Total Expenses: $ 4,414 Net Profit: $ 13,108.48
Profit Margin: 67.88%
Year 3
Gross Revenue: $ 30,340 Total Expenses: $ 12,101 Net Profit: $ 16,050.32
Profit Margin: 52.90%
Key Advantages
- Lower start-up costs.
- Minimal expenses.
- Opportunities are great.
- Potential students/clients are identified.
Commitment
Ace Haste Tutorial is committed to aid challenged students achieve success in their educational journey by providing excellent tutorial service offerings in business courses. The company is focused on student progress rather than profit because the owner is envision of providing assistance for a good cause.