Starting a business alongside current employment

45012168

Hi everyone.

I'm not so business savvy so require some start up advice. I am currently working part time as a tutor at a college and have a background in teaching and supporting learners within community settings. For some time now I have been thinking about setting up my own education institute and then deliver courses similar to what I teach at the college, like ESOL/essential skills etc.

I may possibly have the venue and all the qualifications/skills required for this however I have no clue how to go about it. Of course I will start off researching and I am really interested to know if there is any government funding available for community based learning/quals? We provide the above courses for free to students so I know there is funding available but would this only be for established organisations?

I am also considering tutoring so any advice in terms of getting started, financial support, how to set up a educational establishment etc would be great. By the way, I cannot get a business loan because my credit has been quite poor for some time and I am currently building it but have some years yet before its good (past defaults).

Thank you.

Rudess

45012168 said:

Hi everyone.

I'm not so business savvy so require some start up advice. I am currently working part time as a tutor at a college and have a background in teaching and supporting learners within community settings. For some time now I have been thinking about setting up my own education institute and then deliver courses similar to what I teach at the college, like ESOL/essential skills etc.

I may possibly have the venue and all the qualifications/skills required for this however I have no clue how to go about it. Of course I will start off researching and I am really interested to know if there is any government funding available for community based learning/quals? We provide the above courses for free to students so I know there is funding available but would this only be for established organisations?

I am also considering tutoring so any advice in terms of getting started, financial support, how to set up a educational establishment etc would be great. By the way, I cannot get a business loan because my credit has been quite poor for some time and I am currently building it but have some years yet before its good (past defaults).

Thank you.

Important thing for you to consider, even though it's difficult, is calculate what do you think will be your income from this business, and then accordingly either set-up a limited company or be self-employed. The best thing is to ask advice from an accountant.