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Home | Studio Financials
 

Business and Financial

A large part of starting, running, and growing any business - including a dance studio - revolves around managing the financials well. In this department you'll find information on studio bookkeeping, accounting, insurance, payroll and more.

Make the Moves to Minimize Your Taxes
Make the Moves to Minimize Your Taxes Learn how to minimize your taxes and gain insight into your dance studio business. Now is the time to create a strategic plan and prepare your records. Whether you have had a great or rough year, there are moves to make to get the best return possible. Good records and financial goals are the foundation for your tax plan. With end of the year accuracy checks of your accounting, you can be confident and make informed . . . keep reading
How to Make it Easy for Students to Pay for Tuition, Costumes, Recital Tickets and More!
How to Make it Easy for Students to Pay for Tuition, Costumes, Recital Tickets and More! Paul Henderson along with his wife Tiffany, just opened their 8th studio in California! They have over 4,000 happy students, including 380 competitive dancers. He is also the founder of CostumeManager.com and co-founder of Twinkle Star Dance. In this teleseminar, Paul focuses in on his first rule of business, "never make it hard for your . . . keep reading
What Is Your Dance Studio Really Worth?
What Is Your Dance Studio Really Worth? Do you ever wonder what your dance studio is really worth? Are you an owner looking to sell your studio but are unsure of how much to sell it for? Or are you starting up and wondering what is a reasonable price to pay to buy an existing studio? In this teleseminar, Sean Dever, CPA, CFP, will share some valuable information to help you determine if your studio is operating as successfully as it could be. . . . keep reading
Student Registration Form Template
Student Registration Form Template This is a registration form template that you can customize for your dance studio. Modify and add to it as you prefer, it is a helpful tool and can save you time. Plus it includes some tips on how to word waivers and request signatures for policies and procedures at your dance studio. . . . keep reading
Present your Studio in the Best Tax Light
By: Jessica Scheitler
Present your Studio in the Best Tax Light Tax season is upon us! So what do you need to do to make sure you have all the right records in your file cabinet? Your goal is to be as accurate as possible and keep the necessary documents to . . . keep reading
Setting Up & Filling Your Classes: Strategies For Success
Setting Up & Filling Your Classes: Strategies For Success Studio owners all want to know one thing--how to get more students in class. One of the most important things to consider when trying to answer this question is the time slots you have your classes arranged in. Taking this factor into account will help make it easy for potential students to choose your studio when they are looking to take a dance class. . . . keep reading
How to Get Organized and More Productive Running Your Dance Studio Business
How to Get Organized and More Productive Running Your Dance Studio Business It's easy to get so busy with the day-to-day tasks of running a dance studio. Often this leads to overwhelm and frustration. In this teleseminar learn how to keep your website up to date, simply and easily. You'll hear how to utilize a planning calendar to keep you on track with important dates and deadlines, plus find out some free productivity tools that can save you time and money. . . . keep reading
How to Manage Your Cash Flow at Your Dance Studio Using Simple Systems: An Interview with a QuickBooks Certified Pro Advisor
How to Manage Your Cash Flow at Your Dance Studio Using Simple Systems: An Interview with a QuickBooks Certified Pro Advisor Having a system and structure in place to track your income, expenses, payroll, and more is critical in determining your success not only as a dance studio owner. Often times this task can seem overwhelming. In this interview you'll hear exactly what you could use to set yourself up for success when it comes to a bookkeeping system. . . . keep reading
Audio: Staying 'up' in a down economy
Audio: Staying 'up' in a down economy Kathy Blake shares ways on how to have your enrollment up during a down economy, how to keep your spirits up and stay focused on the big picture and how to turn out a great product and service for students and families at your dance studio during tough economic times. . . . keep reading
5 Dance Studio Business Do's and Don'ts:
By: Debbie Moulton
1. Charge what you're worth. First you need to do your research to see what your competition's tuition rates are. Based on that knowledge, charge what your products and/or services are wort . . . keep reading
To Scholarship or Not to Scholarship: Is Giving a Merit or Need Based Scholarship a Good Idea?
By: Kathy Blake
To follow in the model of traditional education, all scholarships are granted on either need or merit or both. Let's look at the pitfalls and solutions... . . . keep reading
Are You and Your Dance Studio Properly Insured?
Q: What kinds of insurance do I need? We live in a society where people are quick to sue and take advantage so be sure that you... . . . keep reading
Top 10 Secrets to Improve the Cash Flow at Your Dance Studio
By: Debbie Moulton
Managing your cash flow is absolutely crucial to your dance studio's well-being. Without cash coming in the door, you cannot pay your bills or your employees, and you will quickly go out of business. Here are 10 secrets to ensure that your cash flow is well-managed. . . . keep reading
3 Simple Ways to Handle the Pre-Registration Fears that both New and Experienced Dance Studio Owners Face Each Year
3 Simple Ways to Handle the Pre-Registration Fears that both New and Experienced Dance Studio Owners Face Each Year "I wonder if my students will return in the fall?", "I'm afraid I won't have enough students to meet my expenses!", "Will the economy have an effect on my enrollment?" Do you go to bed at night worried about these things? If so, you are definitely not alone. So how do you deal with the stress, anxiety, and concerns that both new and experienced dance studio owners face? . . . keep reading
Are You Ready to Open Your Own Dance Studio?
By: Erica J. Marcus
Are You Ready to Open Your Own Dance Studio? I sat down with Kathy Blake to interview her about just what it takes to stay motivated enough to maintain a successful dance studio for over 35 years. . . . keep reading
Implementing the Pay Grade Formula to Inspire Loyal Faculty
Studio owners often make a critical error in determining how to pay their faculty -- they pick an hourly rate and think that it is all a teacher needs to stay happy. Paying a teacher at a regular, . . . keep reading
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 TESTIMONIALS
"It's my #1 source for help, support, and knowledge on how to run a successful dance studio." - G.M., School of Dance, CA

“I just want to thank you for taking the time to share your words of wisdom for this industry. This is truly appreciated as a new owner of a dance studio.” - Gladys K.

"You have helped me and my new studio venture so much. I would not know what I would have done without your support. I just finished my student handbook and noticed last night that you have support for that as well. You really do know exactly what studio owners need!!" - C.M. Performing School of Dance, LA

This website has helped me organize my life and I love it! I really look forward to the forms, new cool marketing tips, and reading about how successful studio owners handle the different aspects of their studio operations. I just can't get enough! It's like you read my mind. When issues arrive with parents, students or with my staff, I feel like I am prepared to handle each situation because your articles have covered it all!" -S. Gonsman, The Dance Stop, CA