Commercial Leases, Building Your Team, and Long-Term Business Relationships [7FMS Ep. #104]

by Daniel Patterson

 

In December of 2023, we invited some of our coaching clients to join Nate and I at Brooklyn Music Factory.

We recorded this entire day… which included a Q&A, a tour, and parts of the “hangout” time.

We are going to be releasing some of this footage as podcast episodes throughout the early part of 2024.

Today’s episode is the first release of some of this footage.

In this episode, Nate talks about the most important lessons he’s learned in negotiating commercial leases, building a team of professionals to assist you, and how to negotiate successfully.

Not only that, several of our clients contribute helpful advice and “lessons learned”, as well.

This is a really unique episode and I would recommend watching a little bit of the YouTube video so you can see what the inside of Brooklyn Music Factory looks like!

Click below to watch or to listen to the episode.

 

 

Or, check out the video version of the podcast:

 

 

Here’s what we cover in the episode:

  • How to master commercial leases and negotiations for your music school
  • Who do you need to help you with your lease?
  • Financial prep + crafting a lease negotiation strategy
  • How to pitch a lease negotiation
  • Forecasting your future: long-term success of commercial leases
  • Getting clear on your numbers
  • What a landlord is looking for from a music school
  • Leveraging relationships in the negotiation process
  • Nate and Melanie’s lessons learned (from experience)

We are going to be releasing more from this Q&A in a few weeks… stay tuned!

If you’d like to book a free call to discuss scaling your school or overcome business challenges you are experiencing, you can do so by answering a few questions here.

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Daniel Patterson is a private teacher, writer, and marketing consultant for music schools. He began teaching in 2004. He co-founded and led marketing operations for a summer music camp that sees over 200 children each summer.

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