My Short Term Survival Update
The last week has been a little stressful with respect to the music school I help manage. I suspect yours has been too?
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With a decade of experience running and supporting children's enrichment activities, we aim to provide some valuable insights here for you.
The last week has been a little stressful with respect to the music school I help manage. I suspect yours has been too?
Here is the content of a recent email to our YourVirtuoso customers covering my recommendations for dealing with your current business challenges based on my experiences helping your fellow music studio owners with YourVirtuoso questions, and being on the management team that transformed the studio my wife founded 30 years ago into an online music school - all in a matter of days. Please comment and keep the discussion going so we can all continue to learn from each other...
If you are running a music studio, music school, dance school or indeed any other childrens enrichment establishment you need to be on the lookout for this SCAM. I have seen it several times at our studio, and know of one of our music studio customers who lost several thousand dollars to one just like it.
Thinking through all the actions, and potential pitfalls, involved in running your own music school or studio can be daunting - especially for a teacher new to running a business.
While individual lessons have generally been paid on amonthly basis, because group classes have set schedules and durations, the most common form of payment has been "Up Front", or a deposit and balance at first class.
Music and Dance studios that have adopted online registration love the fact that they can fill classes without spending all their off-hours (or hiring admin staff) entering family, student and payment information in their record keeping systems.
PO Box 888
Cary, NC 27512