CPTP126: Taking Care of Business with Todd Whaley

There's a global shift among piano teachers to start taking their studios more seriously. Many teachers are now taking care of their businesses and no longer see this as just a "hobby" or a side job. This is a profession.

And with that comes all the trappings a small business needs like invoices, expense tracking, efficient scheduling and fee structures. How can we handle all of it and still have time to improve our teaching and invest in professional development?

That's what Todd Whaley is here to help us with. We're going to reveal the biggest mistakes teachers make when it comes to the business of running a piano studio, and what you could be doing differently.

Transcript

If you'd like to download a PDF transcript of this episode, please click below.

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In this episode, you’ll learn

• Why you shouldn't be handling invoicing manually in your studio
• How many teachers are moving away from having teaching as just a "hobby"
• How offering different payment options helps you get paid faster
• What you should do to decide what your fees should be
• Why we shouldn't be getting involved in a race to the bottom
• How you can be kind to yourself when it comes to billing
• What software can do to improve tax time
• The biggest trend in the most successful teachers

Links Mentioned

• My Music Staff
• How to Set Up Monthly Billing

Today's Sponsor

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My Music Staff can do everything your private music studio needs. It helps you centrally manage your website, student contact information, schedule, invoicing and more.

Visit our website (www.mymusicstaff.com) to start your FREE 30-day trial today and experience all of the features that My Music Staff has to offer. No credit card is required to start your trial and there is no obligation to subscribe.

Thank you for Tuning In!

There are a lot of podcasts you could be tuning into today, and I’m grateful that you’ve chosen mine.

Whether you’re at the gym, on the bike or in the car, I know that you and your students will get lots out of what you learn in the long run.

Just make sure you try out some of the ideas before they get lost in the business of your next lessons!

Are you being kind to yourself when it comes to your billing?

Do you have automated systems in place? Do you sometimes make your fee structures more complicated than they need to be?