Jan. 15, 2015
Dear Cathy:
Both of my children, a boy and girl ages 11 and 13, are excellent in math. What businesses should I be encouraging them to open that can help pay for their entire college education? Math Wiz Kids in Boston
Dear Math Wiz Kids:
The goal is to create a business that will solve a problem. If your children are good in Math, Science, Reading or English, they need to open their own tutoring businesses which can eventually branch out and become a learning center especially a tutoring business specializing in math.
Because 60% of students that graduate from high school today read at a 6th grade level and because many students are only doing math at a 4th grade level, tutoring services or learning centers will always be hot businesses. Financial educators are desperately needed today along with bookkeepers and accountants since most small businesses don’t have any idea how to keep their books.
Remember some parents only spend 15 minutes a day with their children so many need tutors for their children. Most children start reading in daycare at 3 years old. If a child does not start to read by the first grade at age 5 or 6, then they are already behind. Your children can specialize in Math, Science, Reading, English or some other specific area.
Your children can build the tutoring business or learning center and eventually franchise it all over the U.S. similar to the “Sylvan Learning Centers.” For more business ideas read the book “The New CEO: 185 Easy-To-Set Up Businesses for Youth and Adult Entrepreneurs” which can be read by 12 year olds and above.
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