Should you incorporate your yoga studio business? It's really a personal, business, financial, and legal decision. It's a decision that has significant tax, legal and financial implications. Therefore, before you do anything, talk to a lawyer and/or accountant. Don't rely on information on the web, including this website and article. This article is written purely from personal … [Read more...]
Yoga Studio Location: Should I Use Retail Space for a Yoga Studio?
A yoga studio space conjures up images of stylish architecture such as a heritage building or swanky contemporary architecture. However, the fact is yoga studios need not be set up in such stylish buildings. Sure, it doesn't hurt if you locate a heritage building, but you don't have to disregard other types of locations such as strip malls, office buildings, and traditional retail store … [Read more...]
Yoga Studio Membership Guide: Pros, Cons, Why and How?
Ask any health club owner and they'll tell you that a large percentage of their revenue is from fixed monthly membership fees instead of drop-in fees. Why is it that many yoga studios derive a significant portion of their revenue from drop-in class fees instead of fixed monthly membership fees? Admittedly, yoga studio memberships are a little more complicated than health club membership … [Read more...]
Yoga Studio Design Tips
Yoga studio design refers to your color scheme, décor, and furnishings. You can do this yourself or hire an interior designer. I’m not an interior designer, but I’ll make some basic recommendations. The sky is the limit to creating a beautiful and functional yoga space. However, one must is hardwood or laminate (looks-like-wood), bamboo, or cork. Avoid linoleum, vinyl, marble, carpet, … [Read more...]
5 Ways to Incorporate a Yoga Studio – Pros & Cons of Each
Many yoga studios incorporate primarily for tax and liability reasons. Note that incorporating is not a reason to not get liability insurance. If you run a yoga studio that is not incorporated, but are considering doing so, then consider 5 options you have to incorporate your yoga studio. 5 Ways to Incorporate a Yoga Studio Do it yourself Hire an attorney or a law firm Use an … [Read more...]
Which Styles or Types of Yoga Should You Teach?
When making any business decision, it helps to do some research first and base your decision on research - both quantitative and qualitative. As a yoga studio owner, perhaps you struggle with which types of yoga your yoga studio should offer. Choosing yoga styles to teach can be a tough decision, but a STARTING point for deciding which styles of yoga to teach is to look at the demand for the … [Read more...]
Is there Enough Demand for Your Yoga Studio?
How to figure out the student demand for your yoga studio. Before you get excited about your benefit and start planning your features (or planning to implement your features in your existing studio), you need to ensure that there are enough people who want your benefit. If nobody wants your benefit, or so few that your studio wouldn’t survive, then you’ll need to choose a different benefit … [Read more...]
Yoga Prices: How Much Should You Charge for Classes?
As a yoga teacher or yoga studio owner, how much should you charge for yoga classes? Broadly speaking, there are 2 yoga class pricing options: Per yoga class (low, average, and high) Creative pricing options including packages and memberships. Cost per yoga class: Until you choose your yoga studio’s location and know your studio square footage and rent amount (or mortgage payment … [Read more...]