So I've been 'umming and ahhing' for a while now about the best way to solve my studio's big current problem: lack of student registrations.
And I think my best bet is to bite the bullet and try to buy the studio.
That's right I'm going to buy a studio.
A studio.
At 26.
To say that I'm scared is an understatement... I've only been teaching 6 years (3 not including college training!) and the only business knowledge I have is whatever I can find on Google and my own common sense.
BUT I have a lot of the latter and although I am young I've got a lot of helpful friends full of advice.
Now I just have to a) successfully get permanent residency in Canada (it's been sent off now comes the nervous waiting part) b) get my business plan and finances sorted and most importantly: c) persuade my boss and her parents to sell me the place.
The last part could be the trickiest... others have tried to buy it before to no avail. I'm hoping that given the situation we're in that we can figure something out. I love this little studio and I do NOT want to see it die. My boss has the wisdom and experience and I have the dedication and innovation... hopefully we can put our skills together to make PCSDance the studio of the future!
***Watch this space***
;)
hey don't know if they have this in Canada but in Australia you can slowly take over companies on year at a time so it starts like you own 30% they own 70% 1st year then you own 45% they own the rest etc.
ReplyDeletethe other thing that might work in a dance studio to make money is Zumba (www.zumba.com/), yoga etc. the more people who know the staff/ set-up the bigger the word of mouth spread.
good luck
http://lifedefiningheights.blogspot.com/
Thanks! Yeah I don't think they have that here but it's a good idea!
ReplyDeleteI might try taking up Zumba. My friend in a studio across Island does it and it's really popular so I think I'll train up in that after I'm done my CDTA and ISTD Cecchetti exams next summer :)
We'll see if I can even take it over. Right now I'm thinking of dividing my time between here and Van as well so I can build up my choreography career. Lots of options, nothing quite decided yet!