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1. Tell us more
about your company and your journey.
Our company
name is The Circle home tutors, and we are a team of two behind this. Our
journey started with taking very few home tuitions, we did not advertise on any
platform, and we grew just because of ‘word of mouth’ marketing.
We basically
connect students and teachers, and we, as a platform, enable home tuitions. We
find the right match between students and teachers by taking a few factors in
consideration like locality, syllabus and grade of the students. Firstly, we
provide demo classes to students and learn from parents whether the demo class
was impressive and relevant to the subject material and if yes, then we discuss
the fee structure with the parents and convert these leads into customers.
This
was the first thing we started as partners and the company was running really
well, during this pandemic situation the company was falling down as we
couldn’t give home tuitions due to the strict lockdown rules, so then we
thought of something new to stay on the field and we started with online summer
camps and this idea worked really well, and we received a lot of positive
feedback and a huge number of enrolments for these online summer camps. Right
now, we are also working on and planning on conducting online workshops for
art, calligraphy, public speaking and many more which are not taught in school.
2. How did you
come up with this idea and go about executing it?
Me and my
partner, who is also my beloved friend was taking home tuitions, and we thought
why not take it up to the next level, when we discussed this with our
other friends, they were very much interested in joining the company and were
looking forward to helping us expand the business. We started spreading the news
through sending brochures around our close circle and they helped us reach
others through WhatsApp and Word of mouth.
3. What has been
your biggest challenge that you faced and how did you overcome it?
We grew
successfully by facing a lot of challenges but the biggest challenge was to
provide security for teachers and students as we are not a registered company
yet. Parents and teachers were finding it hard to trust each other, and we came
over this by asking for a copy of the identification card of both the teachers and
the parents along with their children’s identification proof before conducting
the classes and we used to accompany the teacher for the first time, i.e.,
during the demo class to analyze whether it was a safe place for teachers to
take up classes, basically here, we used the technique of ‘judge a book by its’
cover’.
We also faced another challenge as we are not registered, parents used
to sign up and take up classes for their children but used to refuse to pay at
the end of the month, we came through this by maintaining a good professional
relationship with the parents and we were asking them the sign along with the
date, the record of classes conducted each time they took up a class.
4. What do you
think are the most important qualities of a successful entrepreneur and what
are the factors for running a business successfully?
We believe
that the qualities of an entrepreneur are based on the type of business he/she
is invested in and we also would like to say that these qualities are the
factors which make the business successful. For us, the most important
qualities were Patience, Transparency, professionalism and work ethics matter a
lot. We have been loyal and honest to teachers and parents. We also give a lot
of importance to parents providing feedback as it helps us improve
professionally and personally and we implement the right things after accepting our
mistakes.
We also had to make a lot of compromises, we had to know what to
prioritize at what time, and as our business is a start-up, we had to keep
nurturing it and prioritizing it to help it grow.
We maintained
transparency in the matters of the commission that we collected which was a part of
the whole fee. Patience was the key to
our successful start-up, in just 5 days we got enrolments of 150 teachers but
when we rolled out forms for enrolment of students, the response wasn’t the
same we had to wait and have patience while we wait and we did not let the fear
destroy our dream, and we rather built more confidence during each day of the
waiting period.
5. What are your
tips for the first time and aspiring entrepreneurs?
The tips are
to be patient, transparent and respectful to the clients and customers
irrespective of their background. We would suggest the aspiring entrepreneurs discuss their ideas with their family and friends and collect help and ideas
from them. Another important and crucial tip is to never make your best friend
your business partner as your friendship might ultimately get affected by the
business or vice versa because you try to overcompensate one with another and
it negatively affects your business or friendship, and you would lose one
amongst the two.
If you are taking up the risk to do business with your best
friend, over time, you’ll understand the negative impacts of it. We also suggest
you be loyal and honest to your clients and partners as it is the base for
a successful and healthy business. We also suggest you give back to
society by tieing-up with NGOs and volunteer along with them, we as a company
do it, and we do it for self-satisfaction and not for publicity.
Amidst all of
this, it is very much important to give your 100% time towards the start-up and
expect the same from your partners, it is important to respect each other and
when your partner does something wrong, it is important to confront them,
listen to their side of the story and correct them and is important to share
the profits according to the investment of time and money.
6. How can one
overcome a hurdle of lack of funds when starting up?
We would
suggest you to try to reduce the investments and overhead costs or plan a start
with zero investment. When we started up the risk of going under loss
financially was very low as we started with zero investment and this also
helped us in getting better support from our family and friends.
Interview by - Chaitra
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