Posts Tagged ‘financial’
Let a Financial Whiz Handle the Numbers
Most studio owners are passionate about dance and teaching, not accounting or financial planning. “The dance side” of the studio, as we are wont to say, is what we love, and live for. “The business side,” however, is what we grudgingly plod through because it allows us to do what we love. From daily accounts receivable and accounts payable, to monthly account reconciliations, to marketing, to data entry, to preparing annual tax returns—the business side requires diligent attention if we want our studios to succeed.
Read More3 Teachers Talk “Competition Costs”
Taking students to competitions is an expensive endeavor. Explaining the costs involved to parents is important, and ensuring that parents follow through on their financial commitments can be difficult. Three studio owners devised plans for making the interactions surrounding competition costs as painless as possible, and they might work for you too.
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