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.
Dance retailers know that cleanliness is a key tactic in their visual merchandising strategy, but with the disquieting spread of coronavirus, it’s also an essential ingredient to keep your staff and customers healthy.
Change is unavoidable in today’s business environment. Sometimes you initiate the changes; sometimes they’re beyond your control. But one thing you can successfully manage is the way you communicate about them. Arts consultant David Gray tells what he’s learned from experience about managing the message.
Customers keep coming through the doors, and you’re continually reordering pointe shoes and leotards. Does that mean your business is profitable? That you’re growing? These eight key financial numbers will tell you how you’re really doing.
Use these “key performance indicators” to get the financial details on how your dance studio business is doing—and where you could make improvements.
There are many good reasons that might trigger a decision to move your dance business. If you need to get out of a lease early, consider these options.
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.
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.