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Tip of the Week #57
"Live daringly, boldly, fearlessly. Taste the relish to be found in competition - in having put forth the best within you" - H.Kaiser One emotionally charged aspect of being a dance studio owner is on the subject of 'the competition'.
Usually the questions and worries come in the form of: --> What are they doing that I'm not? --> How many students do they have? --> Are my teachers better than theirs? --> Do I offer the best schedule or programs? --> Am I marketing and getting my name out effectively? Here are three things you can focus on to shift your mindset about the competition and keep doing what you do well. 1. Better YOUR best, not someone else's. Without competition in business, there would be little impetus to strive for excellence in the products and services we offer. However, when the competition becomes nasty, mean-spirited, and driven by an out-to-get-you mentality, the only person who suffers is the one engaging in that behavior. No one else can be you: except you. Learn, grow, and stretch yourself to continually improve your skills and deepen your knowledge: whether it's a live conference, reading a book, learning online, coaching, training, mentoring, or self-study, pick what resonates with you. The greatest investment you can make is in bettering your best. 2. Surround yourself with like-minded, positive people who want you to be successful. I get it, really I do. The studio owner across town may not be raising a glass to celebrate with you. But without having a community of people in your life who support, encourage, lift you up, feed your spirit, cheer you on, and believe in you, then where is the joy and fun in that? Life is too short to spend it any other way. Make it a priority to get connected to colleagues and other business owners who truly stand for your success and give you sound advice when you need it most. 3. Know why you get up every day and do what you do. I read a great blog post this morning by Chris Brogan, he reminded readers to keep telling their story. We forget to do that, and often we lose sight of our own history and why we do what we do. Knowing your why is one of the most essential parts of being a business owner. Because after we pay all the bills, there has got to be more. Your competition can't tell your story, they can take your source of joy or reason to get up every day. Get crystal clear on why you're working as hard as you do and why you give so generously. Once you shift your mindset about the competition, you can take action in a way that produces results and gives you joy in running your business.
Ask the Experts: How can I build enrollment to make a profit? How can I build enrollment to make a profit? Great question! That's the topic Kathy Blake and Suzanne Blake Gerety address in the March issue of Dance Teacher Magazine. What's your question about building enrollment? We'd love to hear from you. http://dance-teacher.com/content/how-can-i-build-enrollment-make-profit Liability Protection 101: Answers to Frequently Asked Questions about Insuring Your Dance Studio What do you need to know to properly insure your dance studio? We gathered some of the top questions that dance studio owners and teachers have when it comes to insurance for their business. http://www.dancestudioowner.com/insurance.html
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