I remember searching for premises to rent back in 2003 , feeling like we had the pick of the town, but of course budget restraints hold you back, and that in the long term is a good thing. The reality of monthly rent is soon upon you and the challenges are there every day to make the most of the space you have, and monetise the business to its full potential.
It was very exciting and a lot of fun, especially sharing it with a business partner who I was thrilled to be joining up with. Once the space had been chosen and we had worked out how much equipment was needed, we enjoyed the creative process of making the place ours.
If you are umming and aahhring about how to lay your studio space out, you may like this planner from Balanced Body Pilates.
Deciding on the business model is a big part of the process too and this article from Pilates Digest can help out, considering the idea of partnership programs. “An alternate option to high rents is to develop a partnership program within an existing facility, like a gym or wellness studio, a chiropractor or physical therapy office. There are many upsides to choosing this route over the traditional model of office/ retail space with a long term lease and added expenses.”
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