grow-your-music-studio

What if I told you that even school owners making nearly six figures per month still struggle with creating a simple budget for their school?

We recently ran a poll inside the Founders Forum (our program for school owners who want to grow a big school, and the number one question wasn’t about marketing, hiring, or scaling. 

It was this: How do I create and stick to a budget?

Most school owners avoid budgeting because they think it’s complicated. It’s not. It’s just unfamiliar.

But once you get this right, your business (and your peace of mind) will change forever.

In this episode, we give you a very simple checklist of actions to do and data to collect to build your first simple budget for your school.

Click below to listen to the episode.

Here’s what we cover in the episode:

• Most school owners are stressed by budgeting and don’t know how to do it
• 3 reasons not to keep a budget (and our answers to them)
• How do you start and stick to a simple budget?
• How to pull the right reports, analyze your numbers, and make smarter choices
• How to set up your “weekly financial review”
• Final wisdom… don’t get lost in the details! And celebrate your wins 🎉

If you’d like to drop us a note, ask a question, or inquire about growing your music school… You can do so by contacting us here.

You can help us out by leaving a review for us!

🎯 Want a Profitable Summer Without the Burnout?

Most studio owners bleed cash and energy every summer.

They run camps that don’t fill. Lose students. Take a hit to their income and morale.

Alyssa says: Enough.

In this free training, she lays out how to:

• Ditch unprofitable summer offers
• Focus on what actually drives revenue
• Take the summer off (yes, really)
• Or double your income if you want to go hard

It’s blunt. Tactical. Proven. We’ve run this playbook with our Accelerator coaching clients to GREAT success.

Here’s what to do:

💥 Watch the Summer Success Workshop Replay

Watch the full training + get Alyssa’s 4-stage summer strategy here:

👉Watch the Summer Success Workshop Replay

🎯 Then grab a $100 strategy session with Alyssa before the price goes up.

Would you like help building your summer or fall plan?

Alyssa is offering limited $100 strategy calls (that’s 80% off the regular price).

Book a session here

Sometimes the best strategy isn’t adding more.

It’s removing what’s not working.

Show Notes

Profit First, Mike Michalowicz | “What he does, actually what Mike does really well, I think as well as anyone, is he simplifies concepts. He takes something like a profit first budget and says, it’s this simple, here’s how you do it. And one of the things he suggests you do is create a separate account where you’re taking that 15 cents of every dollar and throwing it in automatic.”

Sponsors

SPONSOR – Big Music Games
Big Music Games provides fun with a clear purpose. Ear training and music theory for students ages 4-14. Level up your student’s ears & ignite their passion and motivation to practice with 15 levels of rhythm, melody, harmony and songwriting games. Join the tribe of teachers dedicated to improving the way the world educates the next generation of musicians. BigMusicGames.com/7FMS

SPONSOR – Piano Express from GroupLessons.com
Now’s the time of year to consider what programs you are going to be offering in your music studio this fall…
And if you are looking for a program that will:

• Increase student retention…
• Increase the number of your beginners that become intermediate students
• Help students go through their books faster (Proven! We did a study on this!)…
• Increase home practice time (Proven! We have years of data showing that this happens)
• And increase the profit in your studio (not just revenue)…

… Then you need to head over to GroupLessons.com, sign up for a free demo, and we’ll show you how hundreds of studios have easily started a new group program (sometimes in just a few weeks)… with little to no difficulty.

You can even begin our owner training for free (download our shopping list, and look through our teacher guides and method).

Click here for more information

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