We also took it further by analyzing and drafting a sample small music school marketing plan template backed up by actionable guerrilla marketing ideas for music schools. A formal business plan is a necessary counterpart to your passion for your business concept. leading the development and implementation of the overall organization’s strategy. Ensures operation of musical instruments / equipment by completing preventive maintenance requirements; calling for repairs. This is the major reason why the services of music schools i.e. The industry is projected to grow at 1.3 percent annual growth within 2011 and 2016. However, we’ll be finding immediate remedies by ramping up our marketing efforts.eval(ez_write_tag([[300,250],'startupback_com-large-leaderboard-2','ezslot_7',148,'0','0'])); The need for music lessons has seen a sharp increase over the last 5 years. A well-constructed cancellation policy can save a lot of problems down … Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. Serves as internal auditor for Maestro Melody Music School®, LLC. We have a team that is considered experts in the music school industry, a team with excellent qualifications and robust experience in professional musical instruments trainings and practices. Okay, so we have considered all the requirements for starting a music school. In addition, the popularity of music in the United States will continue to drive demand for the industry’s services. Below is a list of the clients that we have specifically design our music school for; No doubt, the music school industry is indeed a very prolific and highly competitive industry. Phone number 5. 30% of this amount will be used as running costs. This business plan seeks to expose the fruits of my compositional labour, both past and future, in a much more intentional and strategic way to the market, so that they can be experienced by more people, and bring in more remuneration and greater opportunities for future projects. to ensure accurate and helpful information is supplied to clients when they make enquiries, Working Class Adults / Corporate Executives. Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy, Responsible for handling business research, market surveys and feasibility studies for clients, Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients, Develops, executes and evaluates new plans for expanding increase sales, Documents all customer contact and information, Represents Maestro Melody Music School®, LLC in strategic meetings. We will be running paid ads on radio, TV and print media platforms.eval(ez_write_tag([[300,250],'startupback_com-leader-1','ezslot_8',149,'0','0'])); Social media marketing is yet another option we seek to explore. Below is the business structure we will build Maestro Melody Music School®, LLC on; Principal Partner / Chief Executive Officer: Musical Instruments Instructors / Coaches. Maestro Melody Music School®, LLC will at all times demonstrate her commitment to sustainability, both individually and as a dance related training organization, by actively participating in our communities and integrating sustainable business practices wherever possible. Responsible for financial forecasting and risks analysis. Our intention of starting our music school is to help in individual and organizations learn music and how to play various musical instruments in a conducive and relaxing environment. Also, with the remaining money, I will begin to purchase teaching method and piano repertoire books. We are also strategizing to limit such threats by diversifying our business operations. This shows the importance of a business plan, because most threats or challenges are to be anticipated and plans put in place to cushion what effect they might bring to the business. To better assess our performance, we hired a consultancy firm to help conduct a SWOT analysis. U&Me Dance Executive Summary . First Fiscal Year                                           $1,000,000.00, Second Fiscal Year                                      $1,900,000.00, Third Fiscal Year                                         $5,800,000.00. This is where your business plan comes in. Choose Proper Location. Maestro Melody Music School®, LLC is a private registered business that will be owned by Duke Edwards and his immediate family members. Martial Arts School Business Plan; More Business Planning Help. It is glaring that revenue growth in the industry began to rebound as the economy started to recover and schools’ endowment funds and corporate profit bounced back. Website address 6. 1. Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Maestro Melody Music School®, LLC. Maestro Melody Music School®, LLC is fully aware of the modus operandi in the music school industry, hence adequate provision and competitive packages has been prepared for independent sales agents. Sustainability and Expansion Strategy, producing celebrities and “overnight” millionaires, business plan template that will help you successfully write, How to Be a Successful Trucking Dispatcher, 20 Tips for Buying Medical Transportation Vehicles for Sale, Providing instructions and training on music and how to play various musical instruments, Merchandise sales (musical instruments, equipment and other accessories). BoF's Start-Up School executive summary template Below are the sales projections for Maestro Melody Music School®, LLC, it is based on the location of our music school and of course the wide range of musical instruments training classes and related services that we will be offering; N.B: This projection is done based on what is obtainable in the music school industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same additional services as we do within same location. The Music Schools industry growth was hindered early in recent time as the recession set in and the economy slumped. (Have you ever thought about that before?) Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our services. In setting up a martial arts school, the amount or cost will depend on the approach and scale you want to undertake. Creating a Successful Business Plan (for the Artist) The following document was created strictly for those interested in understanding the different aspects of a business plan. In the next half a decade, the industry revenue is expected to further improve due to stronger investment returns from endowment funds and higher tuition revenue amongst other factors. Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. If you intend to go big by renting a place, then you would need a higher amount of capital as you would need to ensure that your employees are well taken care of, and that your musical school environment is conducive enough for the students to learn and to effectively practice martial arts. Performs cash management, general ledger accounting, and financial reporting for one or more properties. Start your own dance studio business plan. As for the detailed cost analysis for starting a music school; it might differ in other countries due to the value of their money. This amount will be spent on the provision of more classrooms, the purchase of equipment and the hiring of new music teachers. Invest in a solid financial house. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Maestro Melody Music School®, LLC; Our core strength lies in the power of our team; our workforce. In addition, we will also offer special discounted rates to all our individual clients at regular intervals. We have set out to ensure we include a wide array of products and services. We are well prepared for this and will be committing our time and resources to ensure we achieve our objective.eval(ez_write_tag([[300,250],'startupback_com-box-4','ezslot_2',146,'0','0'])); Within 8 years, we plan on expanding our reach to cover more areas (at least 10 cities) beyond Chicago. Depending on the picture you have in mind before considering starting your music school, you would require hard work, moderate capital and various training and certification before you can successfully establish your own music school. Maestro Melody Music School®, LLC is founded by Duke Edwards and his immediate family members. The process of developing your business plan will help you outline your goals and the methods by which you plan to reach them. Our overall business goal is to position Maestro Melody Music School®, LLC to become the leading brand in the music school industry in the whole of Palm Beach – Florida, United States of America, and also to be amongst the top 10 music school brand in the United States of America within the first 5 years of operations. We will offer a standard and professional music instruments training in a highly secured and conducive learning environment to all our students. We also have interactive learning options with in-room tablets. Prepare a business plan. Academy of Music Theatre Business Plan 1. These are the questions your business plan will help you answer. It synthesized knowledge from the fields of business, education, creativity and music. Our profitability lies in our capacity to increase patronage significantly. By using this as a template, you can avoid common mistakes made by many in putting a great plan together. I have a computer so that I may begin the recording studio, though this will have to be in the works for the time being. If you are part of the people keeping tabs on happenings in the Fine Arts Schools industry, you will agree that the industry has developed a creative edge over the last half a decade. We have made it as straightforward and comprehensive as possible for easy understanding. This has helped significantly in the training of well-equipped graduates who have turned out to be highly successful with their music careers. We use cookies to ensure that we give you the best experience on our website. musical instruments instructors will always be needed. Advertise our music school in our official website and employ strategies that will help us pull traffic to the site. This is where your business plan comes in. We are quite aware that to be highly competitive in the music school industry means that you should be able to deliver consistent quality trainings, your students / clients should be able to experience remarkable difference and improvement and you should be able to meet the expectations of your clients at all times. Generating Funds / Startup Capital for Maestro Melody Music School®, LLC. So let’s proceed to the business planning section. We are also in the music school industry to make profits and we will do all that is permitted by the law in the US to achieve our aim and business goal. You will have to figure out which kind works best for you! Clients will only enroll in your music school or hire your services if they know that you can successfully help them learn and practice various musical instruments of their choice effectively. It holds true for music … Maestro Melody Music School®, LLC is positioned to offer a wide range of musical instrument related trainings and practice to a wide range of clients ranging from kids to adults and to people who want to actively compete in musical competitions or who want to launch their musical career. We are set to become the number one choice for both corporate clients and private students in the whole of Palm Beach – Florida which is why we have made provisions for effective publicity and advertisement of our music school. At Maestro Melody Music School®, LLC we will keep our fees below the average market rate for all of our students by keeping our overhead low and by collecting payment in advance. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. One mistake to avoid is to teach in one linear way, with no variation. Our weblink will also be promoted through the creation of relevant content. We will ensure that we only hire people that are talented, qualified, honest, hardworking, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers). Look for people who have strong networks in the local area. It encapsulates the key points, ideas and objectives of your business in a short, concise statement that should be no more than a page. First and foremost, it is important to state that the music school line of business can safely be categorized under the Fine Arts Schools industry. As a business owner you will need to understand all aspects of your business in order to keep it running like a well-oiled machine. A market-feasibility study and business plan is a critical starting point and foundation for the development of your private school. Thankfully, the economy is buoyant and doesn’t seem to be declining anytime soon. We will also ensure that our students become experts when it comes to playing various musical instruments; we want to build a standard and well – equipped music school brand that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations). The report further stated that the industry is highly fragmented with a large number of small enterprises and nonprofit organizations; high concentration is not anticipated to change in the near future as additional schools open. Get the Bplans newsletter: Expert business tips and advice delivered weekly. Location plays a vital role in any school business. Email address The next section will be your statement of purpose. Some of the threats that we are likely going to face as a music school operating in the United States of America are unfavorable government policies that might affect business such as ours, the arrival of a competitor within our location of operations and global economic downturn which usually affects spending / purchasing power. This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. Include the following: 1. Aside from the synergy that exist in our carefully selected faculty members, our state of the art musical instruments and our strong online presence, Maestro Melody Music School®, LLC is well positioned in a community with the right demography and we know we will attract loads of individual and corporate clients from the first day we open our doors for business. These threats can be external or internal. Location, Location, Location. Making a Detailed Business Plan. These include private lessons covering guitar, piano, bass, violin, drums, voice & band instruments. However, this is what it would cost us to start a music school in the United of America; Going by the report from the market research and feasibility studies conducted, we will need over four hundred and fifty thousand (450,000) U.S. dollars to successfully set – up a small scale but standard music school in the United States of America. Having identified our weakness in the area of marketing, we are adopting a multi-pronged approach to improving our business presence. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. We are well positioned to take on the available market in the Music Schools industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our music school and our clientele base beyond Palm Beach – Florida to other cities in the United States of America. We are coming into the music school industry with a business concept and company’s profile that will enable us work with the clients at different learning stages and different status. We are aware that there are some clients that would need special assistance, we will offer flat rate for such services that will be tailored to take care of such clients’ needs. Your email address will not be published. We know that one of the ways of gaining approval and winning customers over is to equip our music school facility with state of the musical instruments and equipment and make our school environment welcoming and conducive enough for people to effectively learn how to play musical instruments. This means that the start-up can either be low or high depending on your goals, vision and aspirations for yo… The outcome has been revealing and will enable us to re-strategize towards increased productivity. The delivery of quality lectures is dependent on an experienced workforce. We are mindful of the fact that there are stiffer competitions amongst music schools in the United States of America; hence we have been able to hire some of the best marketing experts to handle our sales and marketing. If you are just starting one then you will probably be requiring funds. Here are the payment options that Maestro Melody Music School®, LLC will make available to her clients; In view of the above, we have chosen banking platforms that will enable our client make payment for all our services without any stress on their part. This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our market research and feasibility studies and we are enthusiastic and confident that Palm Beach – Florida is the right place to launch our music school. THEN, start meeting with publishers and song pluggers. Develop your strategic plan at the start, culminating in the later development of your business and marketing plans. Our marketing department will be responsible for managing this aspect of our business structure. Mailing Address 4. Before you design your business plan construct a steering committee for the school. Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products. We provide group music theory courses and string changing services. We will ensure that we hold ourselves accountable to the highest standards by meeting our students’ needs precisely and completely. Ballroom dancing has been alive at social functions for centuries, and Swing and Latin are the Waltz and Foxtrot of days gone by. Responsible for providing instructions and training on music and how to play various musical instruments, Handles merchandise sales (musical instruments, equipment and other accessories), Attends promotional events and competitions, Attends to any other task as instructed by the management, Identifies, prioritizes, and reaches out to new clients, and business opportunities et al. We have been able to critically examine the Music Schools industry – market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. A Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, and unemotional way. As a business, we’ve identified our areas of strength to be in the quality of our workforce and the depth of our curriculum. We will be creating social media accounts on all the major platforms such as Facebook, Twitter, and Instagram. Our competitive advantage as a music school lies in our ability to recruit the best. Statistics has it that in the united states of America alone, there are about 13,470 registered and licensed (accredited) music schools scattered all across the United States responsible for employing about 91,328 people and the industry rakes in a whooping sum of $4 billion annually. Responsible for preparing financial reports, budgets, and financial statements for the organization. Maestro Melody Music School®, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. In addition, lower student-to-teacher ratios are thought to facilitate better learning environments and provide more personal attention to students. Make sure that you are writing a business plan which best reflects you as an artist and your music. To start a private school, start with fundamental decisions like whether the school will be non-profit and what grade levels it will cater to. Maestro Melody Music School®, LLC is a standard, licensed, accredited and well equipped music school with state of the art facility and space large enough to contain about 50 people per – time. Here, write a paragraph stating why your business is going to succeed. Ensure that all our musical instrument instructors cum trainers and other staff members wear our branded shirts and all our vehicles are well branded with our corporate logo et al. This music school business plan sample has been written to provide the needed guidance. The Fine Arts Schools cum Music Schools industry is indeed a large industry and pretty much active in countries such as United States of America, United Kingdom, Germany, France, Italy, Holland, Switzerland, Australia and Canada et al. Defines job positions for recruitment and managing interviewing process, Carries out staff induction for new team members, Responsible for training, evaluation and assessment of employees, Responsible for arranging travel, meetings and appointments. Penetrating the top 10 will take a lot of work and dedication. As a new music school in Palm Beach – Florida, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated music school industry; that is perhaps our major weakness. In 2016, 80.0 percent of the establishments have fewer than 10 employees. At present, our music school can contain about 60 students. Before you start to act, it is very important to create a music teaching business plan. The target market for a music school is broad and of course all encompassing. We will ensure that we hire professional and licensed musical instruments coaches, and instructors to work with our students. Going forward, the industry is expected to grow at an even faster rate. As a standard and well equipped music school that is centrally located, we are ready to take advantage of any opportunity that comes our way. Attend music concerts and related expos, seminars, and business fairs et al, Encourage word of mouth marketing from loyal and satisfied students, Place adverts on both print (community based newspapers and magazines) and electronic media platforms, Sponsor relevant community based events / programs, Leverage on the internet and social media platforms like; Instagram, Facebook, Twitter, YouTube, Google + et al to promote our brand, Install our Bill Boards on strategic locations all around Palm Beach – Florida, Engage in road show from time to time in targeted neighborhoods, Distribute our fliers and handbills in target areas, Contact corporate organizations by calling them up and informing them of Maestro Melody Music School®, LLC and the services we offer, List Maestro Melody Music School®, LLC on local directories / yellow pages. Our overall business goal is to position Maestro Melody Music School®, LLC to become one of the leading music school – brand in the industry in the whole of Palm Beach – Florida, and also to be amongst the top 10 music school brand in the United States of America and Canada within the first 5 years of fully running the business. Your full name 3. We will also run a one – stop music store in same facility where our students and other customers can purchase authentic musical instruments and other related accessories. Maestro Melody Music School®, LLC might be a new music school in Palm Beach – Florida, but we have a team that are considered experts in the music school industry, a team with excellent qualifications and robust experience in professional musical instruments trainings and practices. Weakness is a reality we have to deal with in our chosen endeavor. Below is a sample music school business plan template that will help you successfully write yours with little or no stress. As a matter of fact, in the bid of raising capital for your music school, you should first start with home tutors and then save up cash to rent a facility and buy all the required musical instruments. We hope to open branches of our music school in other key cities in the United States and Canada and also to sell franchise in the nearest future. What does this actually mean? To achieve success, you must plan for it. Over and above, any entrepreneur who is a certified music instructor can successfully launch his or her music school and make great gains from the industry simply because the industry is still growing and more people are becoming aware of the immense benefits they stand to gain when the enroll in a music school. So also, it is trendy to find music schools as engage in the sales of musical instruments and other musical merchandize in other to generate more income for the business. 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