Make The Moves To Minimize Your Taxes

We are in the holiday season and that means we are only a month away from the end of our official tax year.  Now is the time to create a strategic plan so you can make any necessary changes before the year ends.  By preparing your records now, you will be able to affectively minimize your taxes, not to mention gain insight into your dance studio business.

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Your Year End Review

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How You Follow Up Will Make A BIG Difference To Your Bottom Line!

What happens after you receive a phone call from a prospective customer requesting information about your school? Do you send out a brochure and schedule? Then, what do you do next? I have found that most small businesses especially dance schools do nothing after that. There is no continuing dialogue. Think about how much money you spend just to get someone to call your business through your different marketing plans. If the only thing you do is send them information that one time without any follow up, then you will probably lose money in the long run.

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Dancers Community Service

As we shift into the holiday season, things can get extremely hectic. Many studios and dancers are involved in Nutcracker or other holiday performances. It is easy to get caught up in the hustle and bustle of it all; but it is also a good time to take a moment and reflect on the year drawing to an end. I encourage my students to do the same. Not only does it make them realize how far they have progressed but also helps them to be grateful for any and all accomplishments. I suggest to my dancers that they make two lists, one that shows all the good things that have happened during the year and then one that shows what they would like to accomplish in the New Year. Writing things down always seems to be a good idea. It seems to solidify to a person where they are in their life. I do not confine these lists just to dance but to each person’s personal life too. These lists are as confidential as each individual wants them to be, if they want to share their thoughts they are welcome to do so but there is no requirement for anyone. I also do not limit these lists to my students, I make them too! I have found that it really helps me. From time to time when we are feeling pressured and overwhelmed by all that is going on around us, it is sometimes helpful to look at these lists and feel good about your passage in life.

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