Hmmm... a business rival eh? 
I'm a full time tutor (ex-MOE teacher) myself. I
give tuition in 'A' level Chemistry, 'A' level Biology, 'O'
level Chemistry, 'O' level Biology.
Singapore, being the No.1 paperchase-kiasu country in
the world, naturally has one of the most
competitive education industry (both public and private, all
levels up to tertiary) in the world as well... approximately
on par with Japan, Korea, HongKong, etc.
Being in the education industry (specifically tuition
services) therefore, has its pros (lots of customer demand)
and ironically consequently, its cons (lots of
tutors!).
You may have read the recent Straits Times articles
on the "Super-Tutors", which I read with a mix of amusement and
mock horror - "Aww shucks! now that the secret is out, all the
current MOE teachers (drawing 3k+) will quit to become
super tutors (20k?!?!)! More rivals for me! hmmmph!!! (just
kidding)"
But of course, it's not quite as simple as that. It all
boils down to what you really want to do with yourself, with your
life, what you will be happy, satisfied, and
fulfilled with. Though if you're considering a career as a
teacher with MOE, I'd say go for it - even if you decide to resign
from MOE, at least you'd have tuition services as an option - you
will NEVER starve to death in Singapore (unlike if you tried other
professions and industries instead... economy is hard, unemployment
is high).
Being an MOE teacher is an iron rice bowl for this
reason - you can always give tuition later, after you
resign or retire from MOE. Not every tutor will earn
20k, of course. But be grateful that you can put food on your table
when many Singaporeans don't even have enough money to pay their
electricity bills, water bills, phone bills, medical bills,
etc.
Sad, the ever widening rich-poor income gap. There are
77 thousand millionaries in Singapore as of 2008, and yet (at
least) 77% of Singaporeans are suffering from poverty. Singapore
has one of the worst Gini coefficients in the world.
So... Mr Business Rival... go get ur own! Hmmph!

Hehe, just kididng lah... I'm such a nice person so
here's a tip for you and all tutors : visit Bras Basah complex
(between Bugis MRT and City Hall MRT) and obtain the latest
Prelim Papers of all the JCs for your relevant subject(s). Then
make photocopied booklets of these for your students to
use.
