Music School Business Plan

Ideally, you should teach in a quiet room, where other household members won’t interrupt or distract your lesson.

This will make it easier for you and your student to focus.

I would finish my lectures and then drive across town to teach in their homes.

And full of enthusiasm to start earning some money, I accepted every student who approached me for piano lessons.

Ok, so I was still a student, living at home with mum and dad. If you spend 2 hours in total to teach a 1-hour lesson, it means you could teach 2 lessons in the same time if you did it in your own studio.

And it wasn’t as though I had a wife and two kids to support. It’s something you should think about very carefully as the amount of income you could be missing out on soon mounts up. If you’re teaching a child, some parents want you to teach in their home so their son/daughter feels more comfortable.You could even offer a small discount to encourage your students to pay for a group of lessons.Make it clear that prices are subject to review on an annual basis.Get clear step-by-step instructions and expert tips on how to build your business plan.Whether this is your first plan or you are an experienced business plan writer, it's fast and easy to create a business plan with these easy to follow instructions.If I am unable to teach a lesson for any reason, I will make up the lesson (if not I will issue a refund)” This policy shows there is some compromise between you and the student.You are showing you’ll make up lessons if you are absent and they should give you sufficient notice if they are away.A well-constructed cancellation policy can save a lot of problems down the line if a student becomes unreliable and you start missing out on income.Write a policy and give it to your student during or before your first lesson.Here are eight factors you need to bear in mind when setting up a successful music teaching business.1) Make sure you create a business plan Before you plunge into the deep end and spend all your life savings on creating a top-notch music studio, you need to bear in mind several factors which can have an enormous impact on your business. While I believe you can make a success of almost any music teaching business providing you have the right marketing strategy, you should create a business plan to cover all the important issues.