First things first: your new teaching studio is a business, and you … 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. I will require a loan of up to $10,000 to start the business. Use friends and family to spread word about our music school, Post information about our music school and the services we offer on bulletin boards in places like schools, libraries, and local coffee shops et al, Placing a small or classified advertisement in the newspaper, or local publication about our music school and the services we offer, Using referral networks such as agencies that will help match students and corporate clients with our music school. 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. Mailing Address 4. We will ensure that we work hard to meet and surpass all our students’ expectations as it relates to their goals of enrolling in our music school or engaging our services. Fliers, banners and business cards will be printed and distributed too. The steering committee is responsible for defining the schools strategic objectives and business plan as well as developing a governance structure for the school. 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. This will be your blueprint of how your school is going to start and operate over the next 5 years. There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good. Penetrating the top 10 will take a lot of work and dedication. There are many business plan models you can work with ranging from a one page "lean canvas" to 100 pages of complex questions. 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. The music industry is notable for producing celebrities and “overnight” millionaires on a global scale, but one thing about this industry is that it appears that we have less number of music schools to carter for the growing number of people who choose music as a career. Weakness is a reality we have to deal with in our chosen endeavor. Our marketing department will be responsible for managing this aspect of our business structure. Business Plan Template. The target market for a music school is broad and of course all encompassing. Executive Summary The Northampton Academy of Music Theatre is an historic, renovated 19th century opera house, poised to make important changes in its programming, mission, and management structure as it adapts to the needs of a new century. BoF's Start-Up School executive summary template Your full name 3. A robust economic recovery is expected to endow consumers with higher disposable income levels, enabling them to spend more money on musical instruments training, particularly costly private lessons. Include the following: 1. Our service offerings are listed below; Our company’s structure is not entirely different from what is obtainable in the music school industry, as a matter of priority, we have decided to create a structure that will allow for easy growth for all our employees and also, we have created platforms that will enable us attract some of the best hands in the industry. Programs that offer academic degrees, even if they specialize in fine arts are not included in this industry. U&Me Dance Executive Summary . And then write a paragraph describing why you are qualified to run this business. In addition, lower student-to-teacher ratios are thought to facilitate better learning environments and provide more personal attention to students. Touring Artist. Go Straight to Your Target Market by Tapping into Local Schools. Our competitive advantage as a music school lies in our ability to recruit the best. This content will be shared on all our social media handle to attract visits. Your email address will not be published. This is comparable with the education sector at large. We offer a wide range of courses including single-course programs where our students are given the very best and get to learn in a serene atmosphere. If you continue to use this site we will assume that you are happy with it. Okay, so we have considered all the requirements for starting a music school. Generate a larger chunk of the startup capital from the bank (loan facility). It holds true for music … 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 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. 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. This means a greater number of people are more interested and open to take music lessons. A formal business plan is a necessary counterpart to your passion for your business concept. Principal Partner / Chief Executive Officer, Client Service Executive / Front Desk Officer. Email address The next section will be your statement of purpose. Tempo Studios is a standard and licensed music school located in Chicago, Illinois. Your financial house MUST be made of a strong foundation. We will ensure that we hire professional and licensed musical instruments coaches, and instructors to work with our students. This contributes to a low level of market concentration in the Fine Arts School industry. At present, our music school can contain about 60 students. Required fields are marked *. 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. 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. Responsible for fixing prices and signing business deals, Responsible for providing direction for the business, Responsible for signing checks and documents on behalf of the company, Evaluates the success of the organization, Responsible for overseeing the smooth running of HR and administrative tasks for Maestro Melody Music School®, LLC, Designs job descriptions with KPI to drive performance management for martial arts instructors / coaches, Regularly hold meetings with key stakeholders (clients and member of the board) to review the effectiveness of the business Policies, Procedures and Processes. 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