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!
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Check out our free trainings and resources on school marketing, group lessons, and using AI in your music school:
growyourmusicstudio.com/free
Get updates and FREE workshop invites from Nate and Daniel:
growyourmusicstudio.com/7fms
If the podcast has been helpful to you, leave a review here:
growyourmusicstudio.com/7fmsReview
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SPONSOR - Big Music Games
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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
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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!