DANCE CLUB TO THE BEAT…… HERE ARE THE FEW THINGS THAT ONE SHOULD KEEP IN MIND TO RUN A DANCE CLUB BUSINESS • Shadow A Studio Or Owner You Respect • Do you know another studio manager that you respect or look up to? Love a local studio that’s on the other side of town or in another city? The best way to learn about starting a dance studio is to actually work at one. • If there's a local dance studio that has been around for a while, pick up some hours at their studio and gather notes. Or, find a studio manager you love and ask if you can mentor under them. 2. • Prepare For The Many Roles You'll Take On • Along with understanding the business, you'll also need a clear view of the different roles you will take on as the owner. • Beyond choreographing and teaching classes, you are the person who has to keep the many parts of the business running. Some of those roles include: • Dance studio manager: You'll make sure schedules and daily activities are running smoothly. You will need to be able to communicate what you want, what needs to improve, and ensure that your staff is focused on your goals. • Mentor: Every day, you'll embody the work ethic and attitude you expect staff members and students to take on themselves. • Entrepreneur: Your work doesn't stop when the studio opens. You will continue to grow and develop new studio plans. As an entrepreneur, you'll also be heavily involved in marketing, community outreach, events coordination, customer service, and much more. 3. • Build A Name For Yourself In Your Community • Usually, dance studio owners go into business confidently knowing they already have enough of a following to fill classes from the get-go. • If you do not have a big enough following yet, some ways to find more students include: • Offering dance services to local schools, gyms, and churches • Giving discounts for people who refer your classes to friends and families • Advertising for your classes at nearby businesses that are not competitors, but will have the clientele that would take an interest in dance (think yoga studios or daycares) • Sharing your personality and approach to dance on social media so others in your community can learn more about you This Photo by Unknown Author is licensed under CC BY-NC This Photo by Unknown Author is licensed under CC BY 4. • Create Your Dance Studio Business Plan • Your dance studio business plan is a document that lays out your business goals and how you plan to achieve them. • Company description • Market analysis • Products and services • Financial projections • Marketing overview 5. • Executive summary and company description • The executive summary should summarize your main business goals, vision, and core values. This should not be more than a few sentences. You'll likely have an easier time writing your summary last after you've covered all of the other details. • Following that, describe what sets your studio apart. This is typically what you will use to pitch your company when you are marketing it. It should include the services you plan to offer, the types of classes you'll have, and what sets you apart from other studios. This Photo by Unknown Author is licensed under CC BY-ND 6. • Market analysis • It's time to research your potential customers! Building a following well before you begin the process of opening your dance studio can help tremendously with this step. The more people who know you, the more likely you'll know what types of dancers will sign up once you open your doors. • In addition to researching the people who already know you, though, you will have to research your local market, potential customers, and competitors. This section should include all the details you gather about the size of the dance industry in your area and how you will fit into this equation. • Start off by listing the dance studios you will be in direct competition with and the number of students they serve. This will help you determine how many students you should bring in and define your pricing structure. This Photo by Unknown Author is licensed under CC BY •Thanks for watching • Made by Khyati Singh Roll no.20 Class -9th B