How to Raise Your Teaching Salary

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So often, when talking to my music teacher colleagues, we lament how difficult it is to make a living as a music teacher. Teaching during after school hours each week day limits our working hours, and you can’t raise your rates every single year without driving yourself out of business! So how do we as… Read more »

What if…

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What if you injured your hand and couldn’t play your instrument? What if you developed a chronic illness? What if you were diagnosed with cancer and needed months’ long treatment? These are questions no one wants to face. Especially, small businesses or those who work for themselves. Health insurance is expensive and disability insurance even… Read more »

Maximizing Your Studio’s Earning Potential

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One of the challenges in scheduling piano lessons is that most of my clients are school aged children.  This means that by the time a student gets out of school and over to my home studio it is typically 4:00.  Most school aged children–especially the younger ones I tend to work with–are at their best… Read more »

Tax Time

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At this time of year, I have taxes heavily on my mind. Perhaps you, too, are busy preparing your 2011 returns before that dreaded April date, or maybe you’re way ahead of me and have already taken care of everything. While being a self-employed studio owner can be a bit of a pain come tax… Read more »

Taking Risks

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This past spring, I decided to take a bit of a risk with my studio. I’ve taught private piano lessons for about nine years.  Since having a child two-and-a-half years ago, I’ve kept my studio relatively small.  I only accept twelve private lesson students, since I like to be a mostly stay-at-home mom.  In March,… Read more »

Four ‘Asks’ To Grow Your Studio

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Now is the time to take active steps to add students for your teachers. Acting now gives you time to implement solutions based on what responses you get to ‘The Four Asks.‘ What are these mysterious questions? 1. Ask teachers if they want more students. It’s possible your teachers would like to expand the number… Read more »

Dress (Your Studio) for Success

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Looks Matter! This is a tough time for the economy and parents are often looking for ways to trim expenses… sometimes that may mean cutting the lessons and classes that support your business.What can you do to retain and add clients, because you “stand out from the crowd?” Let’s think for a moment about how… Read more »

Save Money! Manage Your Inventory

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Inventory is a part of many studio operations. Knowing more about retailing can help your bottom line. In many cases your students need supplies, uniforms or equipment. Let’s  focus on ways to control overhead and maximize use of finances. Outsource entirely It’s ideal to have a local vendor willing to stock items. How can you… Read more »