Posted in MGT 5985, MGT 5985 - Reflections

Key Takeaways from competitors.

The key takeaways I took from both my primary and secondary competitors were that some companies who are involved in tutoring business mostly take care of your major customer which shouldn’t be. A tutoring business is made of both the tutors and students but for some reasons the tutors are never fully compensated for the service that they give to this business, when truly it is really the tutors that are the body of this products, without the tutors they can face their main customers, the students. 

Another thing I took was that in general it is really difficult to start a business all on your own, I mean we all know that but really when the business is in motion, you start facing real life issues, you can’t handle the competitors, it is extremely difficult all on your own. The interviewer I spoke to made this sink in my head, because that is really the reality. I know people who do it all alone and they are doing extremely well but it is advisable as an entrepreneur to have open minds on building trust with other individuals who you believe will add value to the company and will be a great business partner.