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When is the best time to open a yoga studio?

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Parell

Forum Posts: 82

Member Since:
April 27, 2015

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February 27, 2008 - 4:18 pm

Hi Parell,

Best of luck with your plans. If your landlord becomes a partner, you are in a strong position and you will have a monopoly at this time, with another partner who is the only other yoga teacher in town.

It really sounds like a solid plan. Be careful about spending too much on fixtures, signage, or remodelling. It can become a noose around your neck in a start up business. Some yoga teachers spend so much that the cost of the start up haunts them years into the future.

At least, you didn't spend a fortune on yoga teacher training. I just met someone who spent 15,000 dollars on training in Toronto. It will not be paid off for 10 years. Guess what, she's teaching classes part time and working full time just to stay even with all of her loans, such as college, car, and an apartment.

Beware people - keep your spending and loaning down!

Peace,