grow-your-music-studio

28 Jun | 2023

Should you sell your studio or school?

Would it even be possible?

What questions should you ask?

This is the topic that we are covering today… and whether you want to sell or think it would be possible to sell… You should listen to this episode!

There are so many possible outcomes to your life’s work and career…

And this impacts your income, your retirement, and your legacy.

You do not want to leave this up to chance…

Therefore we offer 4 questions you should ask yourself about your studio business.

Answer these questions and you will have a lot more clarity about your future.

Click below to listen!

Or, check out the video version of the podcast:

Here’s what we cover in the episode:

Exploring vital questions prior to selling your studio.
Identifying the ultimate purpose of growing vs. selling your studio
Determining the duration of your role
Considering the stakeholders and their wants & needs
Setting financial goals for your desired outcome
Recognizing the benefits and takeaways from answering these questions
Strategies for creating lasting value beyond your ownership
Maintaining commitment towards achieving your desired outcomes

If you found this episode helpful… drop a like, share with a friend, or send us a message!

SPONSOR

This episode is sponsored by GroupLessons.com… The only group piano method in the world that allows students to enter a class or level up at any time. (No more scheduling headaches for you!). Visit GroupLessons.com to book a virtual or live demo and learn how we’ve helped hundreds of studios get parents on board with group piano lessons.

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Daniel Patterson

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.