Over and over again I see studio owners neglecting a really important part of their business and that’s knowing about their finances.
I know, I know you have an accountant for this but if you’re wanting to be the go to studio in your area then you need to start planning for profit in your business.
Today on The Studio Success Formula podcast I invited Jessica Scheitler onto the show. Jessica is the queen of numbers. She works with studio owners everyday to get them more profitable but more importantly ensures that they are across the numbers in their business so that they can keep moving forward.
I met Jessica at The Dance Teachers Summit in NYC in August and knew I had to get her on the show. In our chat we discuss:
- The mistakes studio owners are making when it comes to managing their finances.
- The crucial financial statements you need to know in your business (there’s only a couple).
- The best fee model to use in your studio.
- Tips on decreasing your expenses.
Take 30 minutes out of your day and give your attention to this interview. It will surely get you thinking differently about how you run your business!
Links and resources in this episode: