Studio Owner Job Description – Belly Dancing
Many people enjoy belly dancing lessons and participating in performances. After gaining experience in teaching and performance, you feel you are qualified to open a business. Do you want to open a studio in a home environment or do you want to rent a commercial space?
There are many great reasons to teach at home; however, zoning regulations may not allow it. During the early stages of starting this business. It is to your advantage to use an attorney for legal advice.
Find a location in a commercial zoning area that provides a safe area for student parking. Rent or lease a former studio or select a space that can be configured to meet classroom needs.
An important consideration is money. Most small businesses need a minimum of five years to be successful. There are many startup costs and unexpected expenses that arise during the first year of business. Will your bank account be able to cover these expenses when the income from the school cannot pay the obligations and your salary?
We love this art of dance and want to share our knowledge with others for an affordable price. You need business education. Obtaining capital is the priority for owning a business.
Teaching is a part of generating income for the school. Other means of money production hold additional funds for safe operation. Make a list of all the businesses to make money. Calculate the number of students to ensure stable income. List other ventures to supplement basic income?
Maintain a savings account and insurance to cover unexpected needs and emergency expenses.
It is important that you invest with personal money and recognize your ability to generate other income. Don’t borrow money. It can help as a temporary solution, but it will add to an ongoing debt.
Traditional lenders like banks view the entertainment industry as high risk and will say “no” to a loan. Using credit cards will add interest rate debt.
Avoid borrowing money from family and friends. They are often the last to see their money returned and hurt feelings and loss of friends will prevail.
You are in the people business. Keep them happy. Other methods to support your business are original ideas, solutions, and business knowledge.
Summary: Work your brain to think outside the box with creative ideas for making improvements to increase students’ ability. Accounting, contracts, and record keeping are done on a routine schedule. Dancers do not find these daily tasks, regardless of whether they are fun or exciting, but their personal emotions, do it. If you ignore the financial details, how will you know if you are making a profit or a loss? You need to know the money spent and received.