Contact with Successful Studios

When you join a billing service you are joining a network of like-minded business owners. The studios that use these programs are interested in being more successful. That's why they do it. By joining you tap into that community. Many billing services have ways of allowing their clients to maintain contact with each other, sharing experience, and learning from one another.

Bookkeeping Simplification

When you collect tuition at the studio you have to enter each student's payment individually into your bookkeeping. By hiring a billing company you can decrease this to one entry per month. This depends a little on how the billing company is set up, but a good one will be able to collect the tuition for you and then deposit it in your account in one, or two (or however many you need) deposits.

Your tuition income can literally be decreased to one entry. Then, if you need to go back later and find specifics about payments for individual students you can always do that. It's your billing company's job to track that for you.

More Time

Automating your tuition saves you time in more ways than you might first imagine. How many hours a month do you and your staff spend collecting tuition, doing data entry, or following up on late payments? How much time does it take to prepare bank deposits, drive to the bank, and wait in line? What could you do with those hours instead?

This is by far the most valuable reason to automate your tuition billing. If you lose money you can always earn or borrow more. If you lose time you NEVER get it back. That's time you could be developing your programs, marketing your classes, or just spending time with family and friends.

You probably got into the studio business because you love teaching. If you're like me you are passionate about your particular art and want to help others feel that passion. You probably didn't get into the business because you love being a bill collector. Make the best business decision you have in a long time. . . automate your tuition billing!

Mago Lauritzen is the owner of a successful studio and the marketing director for CompeteServices.com, a dance studio tuition billing company. Compete Services provides dance studios with tuition billing services, free management software, and business consulting. Their services help owners run more organized and profitable studios. www.competeservices.com