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April 27, 2015
So your take on a town of 20,000 would be that there is not going to be enough of a base to support a full time studio. This is what I see you writing.
I appreciate your help.
I know it is not a lot of money to invest and I already have the space. I think recouping the investment would be relatively easy. Maybe I should clarify what kind of information I'm after.
I read in another thread about all the benefits of Paul's course marketing materials. I've gotta' say he sounds like he has put a great deal of thought into building a business that makes money. It also sounds like he freely gives this information to those willing to take one or more of his courses; if it is not already included in the course materials provided.
So that all sounds wonderful.
I really need to talk to someone that has a successful yoga studio in an environment like I originally described in the post above.
My priorities are thus:
1) I want to sleep with my wife every night & have breakfast with my kids.( at least I think I do!)
2)I want to enjoy what I'm doing (you pointed this out in your post; it is vitally important).
3) I want to make enough money to sustain my current lifestyle. (which is not all that extravagant).
I know the rent I pointed out in the above post is not that much so it maybe sounds pretty desirable to someone who has a studio that costs them $500 per mo (or $1000). I have know concept of what it would cost to open a studio in a large city. What is important here is even if the rent is free, if very few people come, I cannot make a go of it. I really need to concentrate elsewhere if this will not work for me as a viable option to leave my job and move home again.
So maybe it is not the money invested as much as it is the time invested to reach the goal of living at home.
I think for me the challenge may be finding someone who puts forth the effort to have a successful studio in the environment I described in my earlier post. Maybe there isn't one. That statement may be my answer!
All I know is after paying off $40,000 in debt from my last venture; I have a healthy dose of skepticism about going into another one. I'm getting to old to pay off those kinds of mistakes. That being said, at heart I am an entrepreneur. I like working for myself.
Thanks, and Happy Holiday's to you both.
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