Well, it can. But expanding a store’s offerings into categories like yoga, gymnastics and gifts holds both promise and peril for dance retailers.
Now more than ever, understanding and forecasting cash flow is one of the most useful management skills a studio owner can have.
Whether it’s to tap new sources of funding or get a break on payments for existing debt, a talk with your banker can help your business get through this cash crunch.
We want you to know that we are here for you. We’ll do our best to be a support in the weeks and months to come—bringing you news and business ideas you can use, links to business relief resources, and yes, inspiration and ideas from your fellow dance retailers and studio owners, on how to move forward.
On March 17, longtime studio owner Misty Lown hosted a virtual gathering of more than 130 dance industry leaders to discuss COVID-19: State of the Industry. Here are six takeaways from the presentation.