Some low-cost start-up ideas

Tutor

What is it?
Additional tuition that provides children and young people (from primary to A-level) with one to one or few to few attention they can't get in school or college. Tutoring can take place either in the home of the tutor or that of the child, generally after school though sometimes daytime for sixth form students

What's the appeal?
This is a profession that is ideal for people who need to be at home for certain times of the day - for example people with children. It can be operated from home - although by travelling to your clients you can increase your appeal and income

What skills do I need?
You must be have a comprehensive knowledge across the complete range of your subject. This means being at least one level in advance of the level you are tutoring. It isn't essential that you are a qualified teacher but having some teaching experience can reassure parents

What does it cost?
At home, you will need a room with desk and chairs this shouldn't cost you - as long as you can be undisturbed, you can use a dining room table. You will need access to that year's syllabus (around £2) and sample exam papers (50p - £1) and a range of up to date relevant text books (£10 upwards)

What can I earn?
Lessons are generally charged by the hour. Fees vary across the country and for different levels but you might charge between £15 and £20 at home plus a few extra pounds for travel

Any red tape?
There are no specific regulations - although if you register with tutoring agencies to get your business started you will need to adhere to their criteria and they will check your background

Prospects for growth
This isn't a big money business but it can easily be built up into much more than a part time one - if you are prepared to work at weekends and longer evenings

Tips for success
Keep up to date with the curriculum. And as word of mouth is so important, make sure get on with your pupils and that they get better grades than predicted.

Pros
Good extra source of income that can be made as much or as little as you have time for.

Cons
The work ties up your evenings and is physically tiring because it is intensive.