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Smart Stewardship

By Tracy Bauer


Do you run your business, or does it run you? Get out of the rat race by focusing on strategies, not tasks.

 

School owners often feel like there’s barely time to breathe once the school year starts. They’re teaching classes, dealing with parents, fixing equipment, cleaning the studios, holding auditions, choreographing dances, collecting tuition, coordinating performances, ordering costumes . . . the list goes on and on. It’s amazing how many responsibilities they take on. However, if you’re the kind of studio director who tries to control and be a part of every aspect of your business, then your business is controlling you and not the other way around.

 

There is a big difference between a business owner and someone who is self-employed. People who are self-employed are often busy six or seven days a week at all hours of the day and night. They deal with every detail and decision and can’t seem to find much time for anything other than work. Many studio owners fall into that trap. Smart business owners, on the other hand, make top-level management decisions, focus on strategies to make the studio more efficient and profitable, delegate responsibilities, and know that if they took a week or two off the studio would run fine without them. These people not only run more successful businesses, they are also free to live their lives. They work smarter, not harder.

 

Successful entrepreneurs don’t just work in their businesses, they work on them. You cannot be teacher, costumer, choreographer, producer, director, receptionist, office manager, and marketing director all by yourself and expect your business to grow. People who try to do that either burn themselves out or drive their schools out of business because they can’t afford to keep them running. Therefore, even if you have what seems like an endless “to do” list, it is imperative that you focus on long- and short-term goals for your school.

 

You may be surprised to discover that by making time for high-level decisions, particularly about marketing strategies, you can spare yourself many of the tasks that are consuming your time. That’s because effective marketing brings in customers, which gives you the financial freedom to hire quality people to support you. It also gives you the freedom to expand, make improvements, and dismiss delinquent customers. You can delegate and trust others to do plenty of administrative tasks if you train them properly. However, you should be in control of your marketing strategy. Only you can ensure that your vision for the school gets communicated properly to your current and prospective clients.

 

It is easy to get caught up in the daily details of running a studio, but as a business owner you must make marketing a top priority if you want your school to grow. So put aside a day, a morning, or a couple of hours every week or two for brainstorming, planning, and reviewing results. Close your office door, take no calls, and forget the pile of tasks on your desk and the messages that demand a response. They will still be there when you come out. By finding time to work on, not in, your business, you will be on your way to financial success.

 


Excerpted from Tracy Bauer’s Definitive Guide to Dance Studio Marketing  

 

 

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Contact: Goldrush, P.O. Box 2150, Norton, MA 02766,

Phone: 888-i-dance-9, 508-285-6650, Fax: 508-285-3179,

Email: Goldrushdance@aol.com


Copyright 2006 Goldrush Magazine, a division of the Rhee Gold Company and Gold Standard Press, LLC. Goldrush Magazine and Goldrush Online is published twelve times annually. No contents of Goldrush Magazine and Goldrush Online may not be duplicated in whole or in part without permission of the publisher. Inclusion in the Goldrush does not imply endorsement by Goldrush or its employees

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