Info on how to own a dance studio...?
I'm going to give you general common sense answers. I assume you are taking dance now at a dance studio. That is a good start, but if you want this to be your future career, I suggest that you try and get a part time job there now. If they aren't hiring try another studio or just simply volunteer. When you get to college, go to a college that has a very good performing arts program and major in dance. To graduate you'll have to take courses in multiple disciplines and that's prepare you. Also there will be advisors there that you can consult who will help you pick the right courses if you need help. Since your goal is to own a dance studio, you should take some business classes, you might want to take business administration your minor. After college, you can't just buy a dance studio and run one, you need training. So become a dance instructor and work at a dance studio. Learn alll you can and save your money. When you are ready, then you can strike at on your own. All goals take time and effort and have setbacks. Don't be discouraged and keep your eye on the prize and you'll make it. How much money can you make??? Well that depends on many things, where you set up shop, how much competition you have, whether you can market your studio well. Can this type of business earn you a living yes, will it earn you a living maybe. The bigger question is, will you be happy doing it while it earns you a living. Also, some people don't have what it takes to run a business, you might be happier working as a dance instructor for someone else, or teaching dance in a HS or college. It's too early to know one way or the other now. MY best advice for the near term is to get a job at a dance studio now or volunteer. if you can't get a job, i think that is your first step.
How can I own my own dance studio?
First off, what a fantastic goal to have. To be able to do what you love as an occupation is truly a gift, but it does take work - even if the work involves your hobby. Here are some essential steps to take:1. Become A Professional - if you aren't a pro yet, that's your first step. Think of this like Disneyland.You can love going there as a patron, but working there won't be the same experience.2. Trust the Process - whatever you are good at, and bad at, will be what your (eventual) school will be good and bad at. So trust the process. Everything you learn under the umbrella of being an employee is another learning experience that won't cost you big bucks to learn as the owner."The longest distance between two points is a short cut." 3. Expand your knowledge - A dance studio is partly run on dance ability and information, but it's largely run on people skills, and people development. Anything you can read now about Leadership, development, and business skills will go a long way to complement your dance training. 4. Try Everything - Don't ever ask your staff to do something that you've never done yourself. So right now is the time to try everything - competitions, demonstrations, teaching a record number of lessons, etc.5. Clarify your purpose - if your goal is to improve your dancing, then use the money to take as many lessons as possible. If your goal is to teach, then use the funds to take coaching, but costumes, new dance shoes, and invest in your career. If your goal is to develop teachers, to put their success ahead of your own, and to put people development on the same plane as dance development - then you're on the right path.Overall, this path is as exciting as it is scary. There aren't clear cut steps like many other professions. It's a business, it's a job, but if you have a chance to have those things merge with your passion - then it's worth the risk.
What is it like to own your own dance studio?
We founded Blues Dive STL because it turned out it costs almost as much to rent hardwood for an hour as it costs to rent it by the month. Year lease on a condo with a big hardwood living room floor and off we went.I wouldn't call it a studio, exactly. It was basically a co-op situation, people living there signed on knowing that teaching and dances would be taking place, and that those events were more important than the residents. We ran weekly dances there and taught there, but in general we worked pro-bono. The scene here isn't large enough to support a heavy monetization scheme, and we'd have risked alienating the poorer members of the community who were also some of the best dancers. We allowed other local dancers to use the living room to teach as well, when they couldn't find rentable spaces they could afford, or wanted to experiment with a class they thought no one might turn up for (imagine renting a studio space for hundreds of dollars and having one student turn up for the night. Urg.)In general it was a good experience. It was a lot more work than any of us expected, but we were in it for the dance. We had a lot of good nights and days there, and we learned a lot.A few things were less good than they could have been, but most of those things were more related to the co-op nature of the place than the dance studio nature of the place.
What should we look for when buying a dance studio?
Well I will start by saying I do not know much about dance studios but I do know about buying a business, so probably some of the same principles apply.Firstly no one sells a good business.Only pay for the value of the tangible assets.Never ever take over the Ltd company or partnership or whatever entity it is as you never know what debts or tax liabilites you are getting.Goodwill is pretty much worthless, it will just leave you with a black hole in the balance sheet later.If you do not know much about dance studios get someone along who does or take a job in one.Look at the accounts yourself going back at least three years and make a detailed balance sheet.Have a look what car(s) the owners drive and where they live.My experience of buying a business and nearly buying two others taught me a great deal. My first ‘aquisition’ lasted 2 years before I saw why it had been sold and I lost 45,000 GBP and learned a lot. After that I did my proper due dilligence two other times and found out that the businesses were worthless.Good luck
What Should I Name My Dance Studio?
Puttin on the Ritz Center Stage (no dance) Strictly Dancing Tap your feet The Studio The Company Dancers Anonymous Dancique (city/town) Dance Academy Dance Off Dance On Dance Magnificat The Dancer (Your Name/city/town)Studio for the Arts and Dance
How can I start my own dance studio?
Starting up your own dance studio might seem daunting, but following a sound business plan will help you ensure that you do it correctly. When you don't have ballet class that day you just want to dance, you can still create a ballet exercise routine just for you. It's not as ideal as attending class but it sure beats missing out on doing ballet altogether. Plus, it's private and won't cost you as much as classes. Dance Studio Business Plan Template step-by-step guide shows you that you don't need a ballet class to still dance. It is essentially a road-map of the route you intend to steer your new studio down. It projects three to five years in advance and detail how you want to grow your business. Use this guide to familiarize yourself with the essential parts of a ballet studio business plan so you can get on your way to opening the school of your dreams.
How hard is it to open your own dance studio?
How hard is opening a dance studio?Funding is always the most difficult part, followed by a robust business plan and marketing plan if it’s going to be a commercial for-profit establishment.The technical aspects of setting up a dance studio is known art - sufficient sq. footage, resilient flooring, equipment, sound/noise isolation, and of course competent instructors.
I want to start my own dance studio but what do I need to do that?
You don't have to major in dance to own your own studio - however, it definitely helps. If you're planning on running, owning, managing, advertising, etc all by yourself, I would load up on the Business classes: - Marketing (for your advertising and networking) - business management - business law (need to know about LLCs & liability) - accounting would be helpful (taxes, bills, bookkeeping) It may be in your best interest to create a business plan. I am currently working on mine for my dance studio in my area. Because without a business plan, and assistance from a lawyer, you'll find it hard to get a decent loan to pay for your mirrors, hardwood/marley floors, barres, etc. Thats the last thing I wanted to do, b/c I just wanted to teach dance, no deal with all the business aspects...however, you cannot have a successful business without some preparation.... - read some business plan books, and start one of your own - speak with a lawyer (liability purposes, are you going to have employees working there etc) - speak with a loan officer if you are needing to make huge decor/construction changes - lease a building to start with, before purchasing. rent is easier than mortgage and property taxes. - check out other studios in the area to get an idea of classes & pricing - continue with dance education yourself - NETWORK!! meet people who can "do things" - and make sure you have a client base of students, a loan officer is going to need to know that he'll get his money back for the risk, and students help! Hope this helps!
Why should I open a dance studio?
This will seem weird, but this is more of a business question than just a dance question.For example, you can absolutely love everything there is to love about Disneyland.That doesn’t mean that you’d be a great employee there, and it certainly doesn’t mean you’d love running the place.If dancing is your love, then a dance studio is your Disneyland…. and you need more than just a love of an activity to make it your business.You need to be passionate about developing people, and not just your dance skills.Why?Because when it is done right, you are the beacon in someone’s dreary world. You are the producer of the real life version of a feel good movie, and you get the opportunity to pay forward all of the wonderful things dancing has done for you, and deliver it at scale to a far greater audience.