Know Your Tutoring Business Numbers - Revenue, Gross Profit, Expenses, Net Profit

👇 MORE of how I can help:

✨ S O C I A L S
I give even more tutoring tips and advice on TikTok and Instagram: @imlisatran

✨ A B O U T M E
👋 Hi! A few of you are new here so I thought I'd introduce myself ☺️

I'm Lisa (hehe). I'm in my early 30s, though I'm often told I look like I'm in my young 20s (and I never get sick of hearing this 😂).

I started tutoring English when I was 19, just after high school. Who knew that I'd still be in the tutoring business TWELVE+ years later? **mind blown**

Tutoring was SO incredibly rewarding and fulfilling that I moved into it full-time when I was 24. I fell in love with tutoring so much that I ended up quitting my career as a pharmacist after only 11 months on the job. Skip ahead to 3 months later, I was fully booked out and was already rejecting new students who had been referred to me.

I felt so bad for saying 'no' that I ended up hiring my first tutor. Within 6 months, my team had grown to 5 tutors, and within a couple of years, I had 50+ tutors on my team!

It's been a rollercoaster of a journey. I've been awarded Anthill 30under30, Victorian Younger Achievers Finalist, spoken at TEDx, and been blessed with so much more.

Not going to lie, business is HARD. That's why I want to share my learnings and experiences with you, because I wish I had a tutor mentor who could accelerate my path to success, rather than struggling through all the mistakes I made during my journey. Lisa's Study Guides, my tuition and study guide business has made 1 million+ over the last 2 years, and I've just started my second business, Tutorboss, helping tutoring business owners build and scale their businesses.

✨ N E X T S T E P S

Timestamps:
0:00 Intro
01:22 Why knowing your numbers in your tutoring business is important
03:41 Understanding your tutoring business numbers
07:48 Numbers you need to know to grow a tutoring business sustainably
12:55 Money emotional intelligence

[hocuspocus]

Thank you for the insight. Much Appreciated.

[haneul_ssaem]

Oh my ive been looking for this today and this video just showed up

[hiyo]

Love your vids Lisa, very informative!

[eliazulayu]

You just got to 🥰 her, thanks for all the great info !!! when are you coming to Israel ?!

[princebaraabrakasa]

Good day, I am from Nigeria in Africa and am looking forward to starting a one on one(group) tutorials in the University, early next year whilst they are beginning a new session.
I have plans on expanding by actually bringing in other tutors after running it alone for a while.
What I want to know is how can one negotiate payment with the tutors I will bring in(percentage wise)?
What is the fair percentage that they should be paid from the students that will enroll due to my own sourcing?

[haneul_ssaem]

Do you have any SOP for your tutors or your company?could you please give us example?im also building my tutoring company and since im not talented in business 😅 im really struggling

[powellh]

Hi Lisa I am a tutor of 10 years, always gone solo and been missing some skills to feel confident to start growing a real business. I’ve just watched four of your videos and I’m hooked, you’re offering a lot of good stuff in these videos. Thank you and you’ll definitely be hearing from me more.

Best, Powell.

[LisaTran]

Are there any important business numbers you struggle to understand?

[chevbradford]

This is the part of my day I always enjoy. You are late to the party = *promo sm*!