No matter what your focus is — dance, fitness, yoga, gymnastics, martial arts, or anything in between — your studio often lives or dies based on the day-to-day habits you establish early on. After all, it’s an incredibly competitive world out there for small businesses, and you need to take every conceivable step to ensure that your processes are as effective as possible. If not, you may be one false move from losing your market and wind up scrambling to stay afloat.
Thankfully, there’s a ton of information out there for studio owners like yourself to take in. In fact, sometimes there may be too much data, and you might find yourself struggling to digest it all. Not to worry though, because we’ve distilled down some of the most popular habits of successful studio owners into one concise list. While it’s by no means exhaustive, this should help you gauge whether or not you’re on the right track. Let’s begin.
1. They’re Organized
To lay the groundwork for future growth, be sure to keep your studio organized. Running a business involves a lot of management, from class schedules to billing systems. In order to keep yourself from burning out and maximize efficiency, consolidate these processes as much as possible. Then you’ll be able to more easily manage it all without having to stress, leaving you to focus on more creative ways in which you can build your studio’s reputation and attract more students.
2. They Use Technology
In the internet age, it’s no surprise that the strategic implementation of technology is a smart move. But with seemingly endless products and services out there to keep your studio operating at peak performance, we suspect you might be wondering where to turn. That’s where studio management software comes in. Such a system can help streamline virtually every area of your studio, from class registration to marketing. If you only turn to one bit of new technology, nothing will help you as thoroughly as a studio management software system.
3. They’re Frugal
While we don’t mean to imply that successful studio owners are particularly penny-pinching, maintaining a certain strategy and thoughtfulness with all your studio’s expenses is essential. Only invest your money in worthy causes that will contribute positively to your business. Moreover, this mindful approach should also apply to how you spend your time as well as other resources, such as your staff.
4. They Invest in the Future
In keeping with the frugal nature of your management style, plan ahead, and don’t be afraid to direct your profits towards the big picture. Whether this means overhauling some key processes or bringing in new staff members, it’s important that you don’t get so caught up in getting by that you neglect to anticipate future growth or areas of opportunity for you and your studio. Doing nothing is a surefire way for your business to stagnate and may actually wind up doing more harm than good.
5. They’re Open to Change
If something isn’t working, successful studio owners make no qualms about instituting a much-needed change. You need to follow suit. Be willing to shake it up and give your studio the chance to evolve over time. Only then can you discover what the future holds. That being said, always test any big changes when you can. That way, you can minimize risk along the way. Still, don’t slip into complacency, and do what you can to remain hungry and always searching for a better way to run your studio.
6. They See the Big Picture
It’s been an ongoing theme so far, but we’ll emphasize it once more. Running a studio, you will stumble, and you will fall along the way. Not every new road you travel on will wind up improving your studio. Yet, what will make it a success is your devotion to its long-term future. No matter what obstacles you hit, remain persistent in your vision, and keep your mission alive.
Get in the Habit
If you’ve just opened your studio or are still in the pre-launch phase, the above tips couldn’t have come at a better time. If you’ve been in operation for a while, however, you might wonder if it even makes sense for you to course-correct and implements what you’ve learned today. While it is best to form these habits upfront, it truly is never too late to start making them an integral part of how you run your studio.
You’ll instantly experience a difference once you embrace the habits we’ve discussed. You will certainly feel more confident about the future of your studio, and your students will ultimately reap the benefits of even your back-end decisions since the smooth operation of your studio will trickle down into a more efficient service for them. Don’t let another moment go by without evaluating your operation and setting the stage for future success.