tag:blogger.com,1999:blog-37872616.post1828493096818881437..comments2024-03-29T08:44:16.409+08:00Comments on BULLy the BEAR: Self analysis of tuition businessla papillionhttp://www.blogger.com/profile/01372278083694506953noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-37872616.post-25671596905467387422014-09-18T23:20:32.571+08:002014-09-18T23:20:32.571+08:00Hi SIR,
Wow, this is such a old post :) Haha, the...Hi SIR,<br /><br />Wow, this is such a old post :) Haha, the trademark I have is not in the materials. I can easily pass the materials to anyone. It's the unique way that I teach that makes me stand out lol :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-3680899397853016132014-09-18T21:59:19.989+08:002014-09-18T21:59:19.989+08:00Not sure whether there's such a thing as trade...Not sure whether there's such a thing as trademark or copyright in the sg tuition industry. If there is, then having some kind of TM in the teaching materials or teaching /counselling method could possibly help in the branding and marketing your tuition service and make it "stands out" from competitions. And as of any business, I am sure you have your USP (unique selling point)to keep it rolling. ;)Rainbowhttps://www.blogger.com/profile/17762360552800572152noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-19685648054213523382008-03-16T11:44:00.000+08:002008-03-16T11:44:00.000+08:00Hi sky,Long time no see :)Actually it wouldn't aff...Hi sky,<BR/><BR/>Long time no see :)<BR/><BR/>Actually it wouldn't affect it negatively because while parents would recommend good tutors to others, they wouldn't tell others specifically that this tutor is bad. Why? Because it's more of a norm, so that's nothing new. In other words, limited downside with unlimited upside potential :)<BR/><BR/>It's almost like the mythical hydra with many hands. If one hand got chopped off due to major screw up, there are still many other hands to spread. It's like a nuclear reaction. <BR/><BR/>But i'll still say this: Be very good in what you're doing, if not don't do it at all.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-63554005880594169342008-03-16T00:10:00.000+08:002008-03-16T00:10:00.000+08:00Hi Lp, interesting analysis on the tuition busines...Hi Lp, interesting analysis on the tuition business. Your argument is based on the assumption that the network effect would increase the reputation and value of the tutor. However, the network effect can also work against you. One major screw-up and bad impression left on the student or parent could ruin all the good work you have built up. Therefore, it is a double-edged sword. Well, I have been busy with work and sorting out my career plan, I do hope I would have more time to catch up with you guys and focus on my investment. See ya ard!skyalpshttps://www.blogger.com/profile/04284860300892133813noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-15590900499291860782008-03-15T00:17:00.000+08:002008-03-15T00:17:00.000+08:00Hi Grey,Thks for the vision you had for me :) To q...Hi Grey,<BR/><BR/>Thks for the vision you had for me :) To quote addidas advertisement: Impossible is nothing.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-13280459587754849482008-03-14T23:55:00.000+08:002008-03-14T23:55:00.000+08:00Let Grey propose a way to combine your 5 earning g...Let Grey propose a way to combine your 5 earning growth factors into a business strategy;<BR/><BR/>2 tutors could be equally extremely good, yet one is happy to be a self-employed, while the other has a more business bend;<BR/><BR/>So, you could make use of the network effect to increase your students and thus initially charge a higher price for new cases who've heard about your reputation;<BR/><BR/>Eventually, you could turn your reputation into a brand name, and then start a private tutor agency, that has your seal of quality, ie, your brand;<BR/><BR/>When you have the agency, you'll attract tutors who'd like to work with your agency, and you could select those who could perform up to the standard you think is necessary to uphold the reputation of your brand;<BR/><BR/>By then, you'd have acquired other's time and each tutor who work with you is like a pipeline of income, the more the merrier; <BR/><BR/>You could then deploy some of them to teach in groups and others for other styles of teaching;<BR/><BR/>After some years when your business system is well-established, perhaps you could even relinquish your role to a CEO hired for the purpose; Then your business will be able to operate without your involvement, and it'll be a major source of passive income;<BR/><BR/>When your passive income is huge and secure, you might even find time to become a private tutor, but this time, for fun;<BR/><BR/>After a while, you think bigger, and decide to lobby to the authorities that some certification is necessary to uphold the standards of private tutoring; The authorities are always happy to receive fees for issuing licence;<BR/><BR/>You could then propose to set the standards, and now your brand name is not only a famous seal of quality, but also the symbol of the standard to follow;<BR/><BR/>Of course all these takes work; That's why the CEO is hired; You'll only need to supply some visions from time to time;<BR/><BR/>30 years later, LP monopolized the private tutoring arena in Spore, and franchises are already booming all over the world;<BR/><BR/>A bit far-fetched yet not impossible;Greyhttps://www.blogger.com/profile/00803274842071036346noreply@blogger.com