Use these “key performance indicators” to get the financial details on how your dance studio business is doing—and where you could make improvements.
Taking a customer-service approach with parents of your dance students allows you to let go of frustrations and create a satisfying customer experience that’s good for your business, too. A studio owner and a consultant offer tips.
Start well in advance, because not only will you be seeking new executive leadership, you’ll want to lay the groundwork for them to be successful. Here’s how Dance Place in Washington, DC, did it.
Tutu School founder Genevieve Weeks said yes to franchising her studio six years ago—and now there are 34 locations. Here’s how this business growth strategy works.
Buying a dance-studio franchise gives you a jump-start. A former dancer who owns three Tutu School franchises and a franchise consultant share their advice.
Whatever second (or third) act you’re ready to embark on, your legacy and financial security will be affected by the successor you choose—and the deal you make. Here’s how two dance studio owners navigated the passage.
Don’t keep your studio’s financial information solely in your head—or worse, a secret. That’s just one of the pieces of good advice this former studio owner and a business broker have to offer.
Right from the day you launch your dance studio (or any dance business, for that matter), it’s smart to understand the exit strategies open to you. A business financial expert outlines four options for any small business.
Finding the right space and negotiating the details of a commercial real estate lease is among the most impactful activities a small-business owner can take on. It’s also among the most dreaded. Working with a lease consultant who specializes in your industry (e.g., dance studios or brick-and-mortar dance retailers) can ease the pain.
That’s because this “lean” planning method is a no-fuss tool you’ll want to use to make sure your dance business can adapt and thrive.