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Your Studio Should Act Like a Business Too

Jackrabbit is built on the belief that every studio owner needs to adhere to good business practices or they simply aren’t going to be able to prosper as business people and fuel their life’s passions.

In fact, it was our founders’ passion to make the business end of running a studio so effortless and cost-efficient that owners can focus more on their passion than their finances.

Your studio is a business. So it makes complete sense that the same business practices that work in the corporate world will also work for your studio.

Dance-Teacher Magazine’s Rachel Rizzuto shared her thoughts on this a few months ago in an article entitled “Everything I Ever Needed to Know I Learned in Corporate.”   She breaks the corporate “lessons” down into several factors that include bill collections, budgeting, building ahead, professionalism, start-up attitude, and growth.  She interviewed three women – a former accountant, a brand manager and an investment banker – to create a diverse base for the article.

One of the best ways to jump start good business practices is by using software.

  • Financial organization and automation helps you to more accurately, rapidly and professionally execute standard processes for the accounting functions.
  • Highly organized and informed organizations can respond to change without missing a beat.
  • Management reports and tools provide an understanding of your financial position so that budgeting, growth and planning for the future can actually be accomplished.

Once software is in place, owners can unleash energies on the strategies, artistic strengths and creative ideas that will give students a better experience and make the studio unique.

Wondering if you can afford class management software? Read more here.

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