Mike shares his journey into education and starting his own tutoring business. He discusses the state of the tutoring business in Canada and worldwide, highlighting the challenges in the public education system and the growth of private education. Mike also talks about the Chinese mainland community's investment in private education and the potential for India to capitalize on the changing landscape in China. He criticizes China's policy of restricting private tutoring and emphasizes the importance of open societies and access to quality education. Mike discusses the potential for white people to be interested in coming to India for business opportunities, similar to what happened in China. He highlights the challenges of cultural and linguistic expertise, as well as the need for local political connections. Mike shares his plan to visit India and network in person to overcome these challenges. He also expresses his belief in the power of India's democratic system and the potential for India to become a global leader in education. Mike discusses the problems in the US education system, including the lack of meeting standards and the increasing inequality caused by technological advancements. He shares his long-term vision of turning ACE Education into a non-profit and providing speech and debate programs to every student in India.
Key Takeaways
The public education system in Canada and other countries faces challenges such as low teacher pay and large class sizes, which drive the growth of private education and tutoring businesses.
The Chinese mainland community, particularly in British Columbia, plays a significant role in the tutoring business, investing in their children's education to secure their future success.
China's policy of restricting private tutoring, particularly with foreign involvement, is seen as a mistake by Mike, as it limits opportunities for students and hampers the growth of the industry.
India has the opportunity to capitalize on China's policy change and develop a vibrant tutoring industry, attracting foreign expertise and investment.
Open societies that prioritize access to quality education and embrace diversity tend to succeed and develop rapidly. India has the potential to attract white people for business opportunities, similar to what happened in China
Cultural and linguistic expertise, as well as local political connections, are key challenges for foreigners doing business in India
Mike plans to visit India to network in person and overcome these challenges
India's democratic system and focus on individual freedoms make it an attractive model for the future
The US education system is facing problems such as not meeting standards and increasing inequality due to technological advancements
Mike envisions turning ACE Education into a non-profit and providing speech and debate programs to every student in India
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