denverdeath
Joined: 21 May 2005
Location: Boo-sahn
|
 Posted: Fri Jul 06, 2012 12:02 am Post subject: |
 |
|
| LuckyNomad wrote: |
| denverdeath wrote: |
| Dodge7 wrote: |
| denverdeath wrote: |
we had one before that we decided to close.
sure, u can b profitable if u do things the right way.
tell the parents a flat monthly rate. 15-20 per hr would be 60-80 monthly - if ur located in a wealthier area, u'd probably consider 25 hourly to b obtainable, but don't assume that everyone will pay top dollar. get the money up front, always. if there's a fifth wk in the month, make sure it's an off one. if students miss, it's their problem. personally, would recommend 4 students, but u could probably push it to 6 if u have the space, and ur wife has the business sense, time, contacts, and desire to make things grow. always, realise that the mothers can send their kids to gukjae, or wherever, for not much more than a hundred monthly, and the kids go for around three hours a wk to those places.
regarding curriculum, it's ur choice; it's ur place. i'd recommend a text series. choose a good one, or three, with workbook for elementary, middle, and high school, or whatever ends up to b ur main clientele. yes, i would recommend a bit of gameplay. things like an xbox360, boardgames and interactive online games would definitely go over well, if they're used sparingly.
b aware that if u want to do things "properly", u have to register with the tax office and the ministry of education. the former will expect u to file ur taxes yearly. the latter will expect u to provide a clean crc, and, perhaps, a physical - not sure about their current requirements as we closed about two years ago.
best of luck & skill. |
So why did you close your business down? Did you have a lot of students? |
had enough students. however, was busy enough with my day job. and, with three of our own kids it made things more hectic than worthwhile. taxes end up being higher than u expect, too. |
What were the taxes like? How much did you make a year? |
u'd have to ask my wife(or check with the tax people) about the taxes as she's the one who was dealing with that stuff. i was usually making an additional 2.4 monthly from 40 students who came once a week. so, during the winter and summer vacations, i was doing that, plus working full-time at one of my former hakwons, plus had an extra 6-hr gig in the burbs @ 1.2 on saturdays, plus my regular pay from my college. eight-ten per month is easily possible doing that, but probably more like six-eight on a regular month. u can make a lot more if u want, but b careful of burning out. all the money's not really worth it. |
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
