Running your own dance studio is truly a labor of love. After all, many who pursue this business participate in dance themselves. From teaching children, youth and even those in their golden years, there are many classes that can be offered that can make your venture a lucrative one. However, like any business, it is important to consider what protections need to be put in place so that your passion project doesn’t turn into a stressful situation. By making it a priority to sort out all necessary paperwork, licensing and dance studio insurance, you can focus more on the artistic and educational side to your business.
A Comprehensive Checklist
Before delving straight into exciting tasks such as finding teachers, organizing classes and advertising your business, it’s important that the basics are addressed first. This includes the following:
- Planning for overhead and running costs
- Client database and payment tracking system
- Special needs compliance
- Dance studio insurance
While it can be easy to be swept away by the prospects of providing a creative outlet for the community and planning performances to entertain crowds of all sizes, ensure that you prioritize what needs to be done. Regardless of exceptional credentials and talent, at the end of the day, it is a business that can only stay afloat if managed properly.