Problem#1 Financial Impacts
Problem #1 Understanding the Spectrum of the Financial Impact I’ll try to keep this one short. Regardless of what type of studio you have, sub 2500 sq ft, 2500 -7500 sq ft or +7500 sq ft, Mostly private, mostly group, social, competitive, OR for professional teachers- Your business is going to go down. Let’s try to define the situation first before we throw out a bunch of solutions. Example 1. Let’s say you only teach rich students. You may be all right, but let’s look at your base. If I own a stack of apartment buildings, more than 1/2 of…