If you’ve been teaching guitar lessons for a while and you’ve reach a certain level of success, the question of moving into commercial teaching space is always in the back of your mind. If you’ve outgrown your home studio and it’s time to move up, should you RENT that new commercial space or should you BUY it? That’s the million-dollar question! There are lots of important things to think about before you pull the trigger if you want to make the right decision.
In this episode I’ll give you the most important pros and cons of renting (and buying) your own commercial teaching space. I’ll also give you some good tips on how to know if you’re really ready to make a commitment to owning your own commercial real estate or not. It’s not as easy of a decision as you might think. I’ll wrap things up with several key criteria you can use to make your final decision and get the timing just right. Even if you don’t anticipate moving into commercial studio space anytime in the near future, this information will help you be ready when the time is right.
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