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  1. A

    Update about my teaching company

    STORY 
    Hello, just a (pretty long) update after the last threads I've posted over the last years. I'm a private online maths teacher at high school level in France. I've been stuck at 10-15k euros/monthly because I'm basically selling my time for money (went to 160 euros/h maximum and it became my...
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    A bit lost on how I should invest/plan my financial future (buying flat, investing, expatriation..)

    INVESTING 
    Yes that's a major question. Owning my living place is not my project at all. I would prefer renting permanently and buy several smaller rental properties instead. I don't feel confortable having so much of my net worth in just my living place. But I take this as a challenge to increase my...
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    A bit lost on how I should invest/plan my financial future (buying flat, investing, expatriation..)

    INVESTING 
    Yes we're not in a super hurry to buy. I think we'll wait two years, save as much as possible, and see if we can get some parental help + a small bank crédit. This way I can keep some cash and not be fully tapped out It makes the most sense I think and it's safe. Thank you a lot for your tips
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    A bit lost on how I should invest/plan my financial future (buying flat, investing, expatriation..)

    INVESTING 
    Okay thanks very much for your feedback. I also have a second question regarding other investments. What do you think about the ones I talked about in my first post ? " My plan would be: A> grow the company B> put the money in precious metals (if it gets much lower) and banks in various...
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    A bit lost on how I should invest/plan my financial future (buying flat, investing, expatriation..)

    INVESTING 
    We still need a bit more than 200K. I'm not yet at 30K. I would say after taxes, it's like 18K for now in total for us two. And we both spend something like 2/3K. So let's say 5K So 18K-5K = 13K saved every month. So still two years approximately. So in our situation, you think it makes...
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    A bit lost on how I should invest/plan my financial future (buying flat, investing, expatriation..)

    INVESTING 
    -Yes I agree that I might be too financially conservative. I'm fine taking risks as long as I feel confident in what I'm doing and that my decisions make sense -Well I just started from scratch 5 years ago when I started my freelance activity. The three first years of activity I was under 80K...
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    A bit lost on how I should invest/plan my financial future (buying flat, investing, expatriation..)

    INVESTING 
    no, should me more like 18 net since its French taxes ^^ But it will continue increasing over the years. I am also not a huge spender
  8. A

    A bit lost on how I should invest/plan my financial future (buying flat, investing, expatriation..)

    INVESTING 
    Hello, I need help brainstorming ideas about how I could invest. I live in France and am currently growing my freelance activity and I should reach 18k euros net /months in a couple years. I will have hundreds of thousands of euros accumulating over the years. But I am really unsure about how...
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    Teaching maths online in France and looking for ways to break a plateau and scale-up

    INTRO 
    I have enough demand for one-on-one lessons (very high converting rate and customers stay for at least one year. I teach 25/30 hours per week), but it's very slow for filling my group classes. There is a bottleneck there where I need to focus. How can I get more customers ? and what should I...
  10. A

    Teaching maths online in France and looking for ways to break a plateau and scale-up

    INTRO 
    I wanted to give a quick update. I read the Book "Who Not How" from Dan Sullivan a few years ago. And finally I thought again about it and it is helping me changing my mindset and procrastinating less. I really struggle acting when I don't know how to do something technically. It made my...
  11. A

    Teaching maths online in France and looking for ways to break a plateau and scale-up

    INTRO 
    (double post. I can't remove it)
  12. A

    Teaching maths online in France and looking for ways to break a plateau and scale-up

    INTRO 
    Yes, it can be easier and have bigger reach than traditional "zoom" meetings with bad connexions problems. It's good idea + gives ton of exposure (another problem of mine, since most of my customers come only from one platform where I am highly visible. If my visibility drops, it would be a...
  13. A

    Teaching maths online in France and looking for ways to break a plateau and scale-up

    INTRO 
    Agreed for selling videos (it will separate time from revenue a bit more than teaching 1-1) I also like to know how to do things, if I have to tweak something and not being fully dependant. (for example I can edit all my teaching resources with LATEX, but won't necessarily spend that much time...
  14. A

    Teaching maths online in France and looking for ways to break a plateau and scale-up

    INTRO 
    I 100% agree. I will teach only to high school students. In France the market is also huge, like in some Asian countries :) Bad grades in maths = very few choices for universities, and the level in high school keeps declining, so the parents are paying more and more private tuition to...
  15. A

    Teaching maths online in France and looking for ways to break a plateau and scale-up

    INTRO 
    By the way, a last question. When you miss a skill / Need someone to help you in some area where you are incompetent but that is crucial, how do you find and chose someone to help ? Upwork ? Or you just try to do the thing by trial and error, even if it's not at good quality level yet ? (seems...
  16. A

    Teaching maths online in France and looking for ways to break a plateau and scale-up

    INTRO 
    Hello, I wanted to give some feedback on where I'm currently at after your advice. My hourly rate is now between 160 to 200E/h. I make 150K per year and want to reach 250 as my minimum target. It's hard to further increase my hourly rate with individual lessons. I created my brand. And also...
  17. A

    Changing a freelance solopreneur into a corporation

    SCALING 
    Hello, I really don't know much about it yet. I teach maths online to French high school students as a freelancer and it's working well. (One to one and group lessons). I want to move abroad and in the process reduce my tax bills. Being a freelancer reduces my options since me and my...
  18. A

    Should I stay or should I grow now ?

    FEEDBACK 
    I will create the new structure in a couple months. I will try to generate 200/250kE next year :) Thanks for your feedback
  19. A

    Should I stay or should I grow now ?

    FEEDBACK 
    I agree. I always try to think of the next step to improve. There will still be growth during this 2-year phase though, even if I don't change the company status. -The hourly rate will increase. -I will polish my maths level, for some harder chapters where I need to study a bit more. -I will...
  20. A

    Should I stay or should I grow now ?

    FEEDBACK 
    A brave man would try to grow with option 2. A smart man might escape the administrative trap, and try to grow in one single bigger jump in two years. Hence the dilemma and trying to guess who's right

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