Good luck. If you`re a good teacher, establish rapport with your students & get your name out there, you can do well. It can even be a home-based business which really cuts down on expenses.
To give you an idea of what you can charge, I`m in Chicago & the math tutor my daughter used 2 years ago charged $100/hour. The range for ACT tutors is $90-$240/hour.
I think what can be charged depends a lot upon where you`re located. A gal I know ran a tutoring service in a small town in MI & she charged lots less. The ACT tutoring quotes differed because of the instructors` experience & when class was held.
I`d get in contact with schools in your area, PTA, etc. You also want referrals from past customers. When our daughter felt she needed math help, she asked her friends if anyone was using a tutor & who they liked.
Be careful on bringing in a partner. A partner can be inspiring and a shoulder to lean on. But it is just like a marriage - and a business divorce is no walk in the park.
Know exactly who you are "marrying", and consider being "single" as long as you can. Being a sole equity owner has its benefits, especially the sole equity part.
Hey nettie ... this is a great idea... and m sure with proper measures and step by step approach, in the right direction can help you a lot... building a positive reputation is the most important thing and what counts here from a teachers end is providing “BEST” of there knowledge... and the word will spread by itself.... Good Luck