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Written by Sifu Jason
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Monday, 10 September 2007 |
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Starting up a new starting is always tough; you have to put up a significant amount of cash, and hope to make it back fast enough to stay in business. The biggest expense for most martial arts schools is rent, and my school is no exception. The problem with many martial arts businesses in particular is that although the rent you pay gives you access to the building for all hours of the day, the money generating hours are typically much more limited: ~4 hours or less most days, with some days not generating any revenue at all. To combat this problem, I decided to sublet out space from a Yoga/Pilates studio (Inside Out Body Therapies). Because my peak hours of business are in the evenings, and their's are throughout the day (extending into the early evening), my sublet rent is very low; they essentially convert time that isn't generating revenue into a source of revenue. Consequently, my total overhead is very low, and I was able to turn a profit in the first month. For a new, small school, this has been a great arrangement that I encourage other aspiring instructors to explore.
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