A business may actually stimulate cash flow or larger sales by offering customers a discount. But strings should be attached to avoid losses.
College mathematics professor Steve Alemansour has tutored elementary, high school, and college students since 1989 through his company, Academy of Tutoring Professionals in Lake Forest, California. The business, while lucrative, is also highly seasonal. Steve typically charges $40, $45, or $50 an hour depending on the difficulty of the subject being tutored. Academy of Tutoring Professionals has more work than the staff of experts can handle after midterm grades come out and before final exams. But during the summer and early in the new term, revenues slow significantly. Read the rest of this entry »