1. Write a Business Plan – Outline the objectives, structure, and strategy of your business.
2. Secure Funding – Look into financing options such as bank loans or crowdfunding platforms.
3. Secure a Location – Consider size, zoning restrictions, and parking access when finding the perfect space for your studio.
4. Acquire Equipment – Purchase mats, blocks, straps, blankets, bolsters and other tools to equip your studio.
5. Hire Staff & Instructors – Find experienced instructors who can teach a variety of classes, in addition to administrative staff.
6. Promote Your Studio – Develop an online presence and market your studio through local channels such as newspapers, radio, television and community centers.
7. Set Up Policies & Processes – Create a customer service policy, payment options, class guidelines and other procedures to ensure an organized and efficient workflow.
8. Develop a Pricing Model – Establish a pricing structure that includes class fees, membership rates, discounts, and other offerings.
9. Consider Insurance – Look into insurance coverage for your studio in case of accidents or liabilities.
10. Open Your Doors – Welcome visitors to your studio and start teaching classes!