This week I had the opportunity to give a virtual guest lecture to the Vocal Pedagogy class at Shorter University. My friend, their professor, had asked me to come in and talk about what it takes to run a successful studio. So I came up with my Top 5 Tips – aka, my quick-and-dirty advice … Continue reading Top 5 Tips for a Successful Studio
Yes, now I am going to talk about and compare Music Teacher’s Helper and My Music Staff If you’re a MTH or MMS fan, I’m sorry. I think these programs both try to be a “Jack of All Trades”—but the rest of the saying also applies: they are “Master of None”. They do a … Continue reading Studio Management Tools for Independent Music Instructors
It takes me about 2 hours per month to do all my bookkeeping and billing. I have a studio of about 30 students that I run from my home. How long does it take you? If 2 hours a month sounds like heaven to you, it’s time to choose (or change) your accounting program. What … Continue reading Accounting Software Survey for Music Studios
If you’re a geek like me, tax prep time is your favorite time of year. Just kidding. I’m fairly certain I am one of the few self-employed music instructors out there who actually enjoys putting stuff together for my taxes. The reason I enjoy it is because I like to be organized and I have … Continue reading Choosing an Accounting Program for Your Studio
Or, Do You Know What You Don’t Know? I’m a really lucky girl. I have a really awesome mom and dad who were independent business owners for most of my childhood. My dad is also awesome because he has quite possibly the most meticulous and well organized finances that I know of. He is SO meticulously … Continue reading Finance and Accounting 101 for Music Teaching Studios
Here’s a brief list of the things that come to mind when I think of the “Business End” of things: Business end of a skunk (the stinky part) Business end of a scorpion (the pokey part) Business end of a dog (the bitey part) Business end of a snake (the poisonous part) Business end of … Continue reading Managing the “Business End” of a Music Teaching Studio
I know what you’re thinking, “You’ve got to be joking. Retire? ME?” You may feel like a retirement plan is a total non-sequitur for you as an independent music teacher. Maybe you’re pretty sure that the only retirement plan you can afford is to have your kids take care of you when you’re old. I’m … Continue reading No 401(k)? No Problem!