Once you have become certified as a yoga instructor, you will have a variety of options at your fingertips. You can work at an established club teaching classes. You can take private clients and teach them yoga in their homes. However, one of the most lucrative ideas is to start your own club. Opening a club requires more than simply finding a space and some clients. You will also need to do some business related things. For instance, you will need to write a business plan, get club insurance quotes, and decide how much to charge for classes.
To write a business plan, you will need to think about all of the incoming and outgoing expenses that will be involved in your club. For instance, you will need to consider the cost of renting your space, whether or not you need to hire staff, and other costs like insurance premiums. In order to figure out how much money you can afford to spend on any of these things, you need to predict how many students you will start with. Try to speak with interested students and ascertain how many of them will be able to take classes. Then, you will understand how much potential income you will have.
After you have estimated how much revenue you will have from incoming students, you will need to start estimating your expenses. You will need to look at the rent of various studios in your desired area. You will also need to contact a few different insurance companies. They will be able to give you club insurance quotes. You cannot safely run a club without coverage. If someone gets hurt and they take you to court, you will need to be able to pay for your attorney and court fees. If they win their case, you may be required to pay even more money.
Finally, you will need to figure out how much to charge for classes. Yoga studios all over the country run on different models. Some of them charge a flat fee for a month’s worth of classes. Other studios charge from $10 to $50 for a session. In order to ascertain what you should charge, you should look at what the other studios in your city cost. You should try to keep your prices competitive with theirs.
Starting your own yoga club can be a stressful experience. However, if you ensure that you have taken good care of all of the relevant legal and financial matters, the experience will be less stressful. You need to write a business plan with all the information that you have. To estimate your expenses, you will need to get quotes about the price of studio rental as well as club insurance quotes. To estimate your income, you will need to figure out how many students you will have and how much they will pay you. These simple steps can mean the difference between having a successful club and having a club that never even gets off the ground.