SoFlo Update: We Grew Revenue To $1.2M In 2021
This is a follow up story for SoFlo Tutors. If you're interested in reading how they got started, published over 5 years ago, check it out here.
Hello again! Remind us who you are and what business you started.
Hi! I’m Adam Shlomi, founder of SoFlo SAT Tutoring, an online SAT and ACT test prep company that works with high school students nationwide. After suffering a severe leg injury during my time at Georgetown, I started SoFlo from my bed and have been growing the organization for a few years now.
When I founded SoFlo, I was personally tutoring a few students here and there, which is a far cry from where we are now: in 2021, we doubled our student numbers and broke one million dollars in revenue with 58% gross margins.
Tell us about what you’ve been up to! Has the business been growing?
SoFlo’s revenue has increased by over 100% while still maintaining profitability, and we’ve started to place some side bets with different services like college counseling and math tutoring. Especially with more universities trending towards test-optional applications, diversifying SoFlo has become increasingly important to our growth and success.
I piloted a college admissions program in 2020 that helped 20 students navigate the complexities of college...
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
