In this episode, Neil discusses the importance of taking time to review and plan for the upcoming year in your tutoring business. He emphasises the need to step away from the day-to-day operations and dedicate a few days to reflect on the successes and lessons learned from the past year. Neil provides a structured approach to the review process, including evaluating strengths and weaknesses within the business, considering external factors such as the economy and competition, and setting specific goals for the next year. 

KEY TAKEAWAYS

• Neil suggests setting aside 2-3 days in a quiet location to focus on this task.
• Neil emphasises the need to review the past year and identify both successes and lessons learned. This includes reflecting on personal satisfaction, impact on clients or students, and areas of pride or dissatisfaction in the business.
• It's important to understand the purpose and mission of your tutoring business. You need to define your values and integrate them into every aspect of your business too.
• Neil suggests examining internal factors of the business, such as staff, products/services, systems, marketing, sales, purchases, and financials. Tutors should identify strengths to leverage and weaknesses to improve upon.
• It is also important to consider external factors, such as the domestic and global economy, legislation, the employment market, new products/ideas, competition, and marketing. Tutors should identify opportunities to take advantage of and threats to address in their business planning.

BEST MOMENTS

"Money is the byproduct of excellence." 

"What's the business's mission? What are we striving to achieve here, guys?" 

"Look at your competition. If they're good, they will give you great lessons on how you can do better." 

"Get the word out there. As the phrase goes, make it, then tell everyone." 

"Remember, you're just figuring out how to make you and your business even more awesome, aren't you?" 

VALUABLE RESOURCES

www.Neilcowmeadow.com

[email protected] 

HOST BIO

Neil Cowmeadow is a maverick peripatetic guitar teacher from Telford with over 19 years’ experience in the business of helping people. Learn how to start, grow and love your business with Neil’s invaluable advice and tips without the buzzwords and BS!