Music School Business Plan

Music School Business Plan-46
Ideally, you should teach in a quiet room, where other household members won’t interrupt or distract your lesson.This will make it easier for you and your student to focus.

Ideally, you should teach in a quiet room, where other household members won’t interrupt or distract your lesson.This will make it easier for you and your student to focus.

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Here are eight factors you need to bear in mind when setting up a successful music teaching business.

1) Make sure you create a business plan Before you plunge into the deep end and spend all your life savings on creating a top-notch music studio, you need to bear in mind several factors which can have an enormous impact on your business. While I believe you can make a success of almost any music teaching business providing you have the right marketing strategy, you should create a business plan to cover all the important issues.

If a student has paid for a block of lessons in advance it’ll make things easier as you won’t have to chase them for payment for missed lessons. “Lessons are billed in blocks of 10 and the fee is due in advance (by cheque or money transfer).

If you are absent, you will still be charged unless you give me 48 hours notice.

This also creates the right impression with your students.

Ensure you have a good computer, or tablet, with fast internet access so you can stream videos on You Tube.

Failure to make this clear in the beginning can make people take advantage of you and this will hurt your income.

I know some music teachers who are very relaxed about their payment terms, but I also know others who almost never does refunds.

So do you sit next to the phone and wait for it to ring? You need a solid marketing plan, one which you can work on each day.

Consistency and persistence are the key elements here, as it can take the time to establish yourself as the go-to guy for music lessons. Years ago, I taught a few piano students each week while I was studying at university.

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