“It’s not how much you make… it’s what you keep that counts.”
So, often we focus on the growth and increasing revenue.
But – some schools have a spending problem and don’t even know it!
In this “fun-sized” episode, we explore every music school’s 8 largest expenses…
And give practical guidelines on what you should be spending in those categories.
When you get these 8 categories under control, you will increase your profit margins by default.
And that’s the difference between being strapped for cash… or being able to take time off, save for retirement, or take that vacation you’ve always wanted to take!
Click below to listen to the episode.
Or, check out the video version of the podcast:
Here’s what we cover in the episode:
This episode presented the categories and spending percentages…
But, perhaps you need help in getting your school to match these categories.
We have helped schools 5x-10x their revenue (not a typo)…
Put hiring systems in place…
Train their team better…
And solve their marketing and lead problems for good.
Let us know how we can help you!
On Thursday, December 7th, Daniel is hosting a FREE workshop that will prepare your music school for 2024.
If you’d like support and training on creating an action plan for your school in 2024…
You are going to want to register for this workshop.
In this workshop, you will:
A replay will be made available but only to those who register.
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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
Would you like to start a group piano program in your studio… but are concerned about the logistics, the setup, and (most of all) the response from your studio families?
Don’t be scared!
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).
Don’t let an imaginary “boogeyman” keep you from making a profitable change in your studio!