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April 27, 2015
This is a good question, because it depends on many things. The economy, the number of students who wil follow you to your own yoga studio, your working capital, and your business plan are all very important.
Priyah mentioned measuring demand for yoga in your area and she had great ideas. To take your classes to your own location, you need to be running on all cylinders. If you are reviewing all of Paul's stuff, he mentions a business plan, and takes you through all the steps.
Don't skip any steps. It is easy to get excited if you are getting a big tax return or have hit a sudden upswing in your finances. Make sure your partner is willing to share some of the finacial risk, because any business has risk involved.
For the record, Paul was happily teaching classes at Ocean State Fitness for years. It wasn't until they closed that he opened Aura Wellness Center. He took his entire membership with him and at the grand opening there must have been over 200 members.
He never wanted to leave Ocean State, but when the gym closed he had no choice. The reason i mention this is so you understand that if you have a good thing at someone else's gym, why leave? There is no risk being an independent contractor, but there is some risk involved in opening your own place.
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