There are several ways to add additional income streams to your teaching studio, but one of the most interesting ways is to open your own music store on a small scale and resell musical instruments, teaching materials and guitar accessories to your students. If your business is well-enough established, your guitar students can be […]
STG 106 : How To Make Your Taxes Less Painful
Benjamin Franklin once said “In this world nothing can be said to be certain, except death and taxes.” Tax season comes around every single year, and it’s a big source of stress and frustration for most small business owners, including guitar teachers. If you procrastinate and don’t do anything to prepare yourself for tax […]
STG 092: 12 Online Productivity Tools For Guitar Teachers
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https://media.blubrry.com/startteachingguitar/content.blubrry.com/startteachingguitar/STG092.mp3Podcast: Play in new window | Download | EmbedSubscribe: Apple Podcasts | RSS Today’s high-tech world has it’s ups and downs, but it’s a great time to be alive and teaching guitar lessons. There are more inexpensive tools available today to help you run a successful teaching studio than there have ever been in the […]
STG 080: The Pros and Cons of Self Employment
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https://media.blubrry.com/startteachingguitar/content.blubrry.com/startteachingguitar/STG080.mp3Podcast: Play in new window | Download | EmbedSubscribe: Apple Podcasts | RSS Being a full-time self-employed guitar teacher is a path to the kind of success and the kind of life many people dream about…but it’s definitely not for everybody. There are lots of reasons why it could be the best decision you ever […]
STG 063 : How Using A Budget Can Save Your Teaching Business From Total Destruction
Hands down, the biggest reason why every kind of small business goes belly-up (including guitar teachers) is because of MONEY. Not staying on top of your income and expenses can get you into all kinds of trouble, including tax problems, not being able to pay your bills and not being able to keep your […]
STG 053 : Accounting Basics For Guitar Teachers
Accounting and bookkeeping for your teaching business doesn’t have to be BORING or OVERWHELMING! It can actually be a valuable tool to help you grow and manage your business more effectively. In this episode, I’ll explain 5 key accounting concepts you need to understand to be able to speak your accountant’s “language”, 3 key financial […]
STG 043 : Four Key Business Metrics For Guitar Teachers
Do you ever feel like you don’t have any CONTROL over your teaching business? Almost like your driving down the highway with your EYES CLOSED…HOPING you’re heading where you want to go? Well, you don’t have to WONDER and GUESS any more! Tracking a few key BUSINESS METRICS for your teaching business will help you […]
STG 033 : Protecting Your Teaching Business With An LLC
In this episode, I’ll tell you all about LLC’s and other business entities you could use to protect your guitar teaching business from lawsuits and excessive taxes. There are TONS of benefits you can get by using a formal business entity to operate your teaching business, and also TONS of problems you can face by […]
STG 028 : Why 50% of New Guitar Teachers Fail
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https://media.blubrry.com/startteachingguitar/content.blubrry.com/startteachingguitar/STG028.mp3Podcast: Play in new window | Download | EmbedSubscribe: Apple Podcasts | RSSIn this episode, I’ll tell you why over HALF of all small business owners (including guitar teachers) FAIL within the first 5 years, and some things you can do to avoid joining the ranks of the “bottom 50%”. You don’t have to become […]
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