Im 14 and i was wondering how i can start my own online tutoring business in plano, texas?

I am very mature.

The first step is to think through what you mean by "online tutoring business" and how you intend to implement it.

Will this mean creating your own website where students can log in and ask you questions about their assignments? Will your responses be made public or will it be in a secured website where only you and the student know your discussions?

Are you thinking of something like the services offered by SmartThinking http://www.smartthinking.com or GoMath http://www.gomath.com? If so, do you have the technical capability to create this type of website, or if not, do you have the resources to hire a web designer/programmer?

Are you thinking of using IM in your tutoring? You can forego the website and simply use IM as a tool for tutoring your clients?

Or are you thinking of the traditional type of tutorial service where clients go to the house of the tutor to be taught? If so, you need to think of insurance considerations with clients coming to your house to make sure that you are protected when something untoward happens when your customer is in your home.

GDI is your answer.

Its great to have ideas.The first step could be to get a tutor ,now its likely that at 14 you dont have any money to hire tutors soooooooo what you could do is have a tie up something like I will get you a student and u pay me 5% of the fee you recieve and 3% of fee from any referals from this student.Make sure the tutors you tie up with are good so you ahve a list of quality tutors.Now you could start with kids you know and who need tutoring and try and connect the wires.This may help you generate seed capital.Then maybe you can make a website etc etc.Ask your parents first.Remember you have to be way to smart to trust your parents at your age.But you seem mature.
Tutors may hesitate to deal with you but if your parents help you in exchange for better grades it will be easier.
Dont hesitate to ask more if your parents allow:)
All the best.