We have been in the MBA tutoring space for more than 2 years now. Our focus areas and the challenges we face are different as time goes on. To give you a glimpse of what our plans for the year are and the challenges we expect, I post highlights from our most recent annual letter below.
MBA tutoring plans and challenges from GraduateTutor.com’s annual letter
I want to first take this opportunity to wish you a happy New Year and great success in your professional and personal lives in 2010. I have tried to briefly highlight below our focus areas and the challenges that we see for the year ahead as we continue to serve CFA, CPA & MBA students.
As I write our annual team letter, my strongest emotion is one of deep gratitude to each one of you who have been a part of GraduateTutor.com over the last few years. While we have all played instrumental roles in GraduateTutor.com’s success till date, I want to especially thank our tutoring faculty for their commitment and time with us. It is the strength of our tutoring faculty that distinguishes us from a host of other players in the market.
Plans for the year
- We want to continue serving students to the best of our ability. We believe that the best way to build our business is to build it one hour and one student at a time. We want all our interactions and activities to reflect this belief.
- Recruiting outstanding faculty to our pool of great tutors continues to be an area of focus. We are very selective in who we recruit and so if you know potential candidates, please do let us know.
- This year we also want to strengthen our existing university relationships and build new relationships. If you know faculty or administrators, do give us an introduction. We do reward introductions that turn into business with commissions.
Challenges
- This year, we have seen an increase in low priced and low quality competition. We expect this to increase in the coming months but will hold fast to our aim to provide high quality tutoring services. Our emphasis is on helping students learn. Our product is really knowledge and understanding which is far more valuable than solutions to questions.
- We also see a lot of unethical competition in the form of tutoring services that just provide homework and exam solutions. Once again we want to hold fast to our core values and do not want to do exams or assignments for students. We are well aware that with more universities going in for graded assignments and hybrid approaches to grading, this is a larger challenge and we count on you individually to take calls on what is right given our philosophy and our emphasis on knowledge and understanding.
- As we have grown, we are increasingly seeing online fraud. We have enlisted appropriate help and are learning to cope with and counter online fraud.