In addition, still-high unemployment brought strong demand from a larger number of individuals who were out of work. With the proper implementation of these strategies, we hope to attain an appreciable level of growth in the short term. In setting up a martial arts school, the amount or cost will depend on the approach and scale you want to undertake. It is glaring that revenue growth in the industry began to rebound as the economy started to recover and schools’ endowment funds and corporate profit bounced back. Duke Edwards has well over 20 years of experience as a music instructor prior to starting Maestro Melody Music School®, LLC. BoF's Start-Up School executive summary template If your music school caters to … Receives Visitors / clients on behalf of the organization, Receives parcels / documents for the company, Handles enquiries via e-mail and phone calls for the organization, Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level, Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services, Manages administrative duties assigned by the line manager in an effective and timely manner, Consistently stays abreast of any new information on the company’s promotional campaigns etc. Responsible for developing and managing financial systems and policies, Ensures compliance with taxation legislation, Handles all financial transactions for Maestro Melody Music School®, LLC. The materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. Over and above, any entrepreneur who is a certified music instructor can successfully launch his or her music school and make great gains from the industry simply because the industry is still growing and more people are becoming aware of the immense benefits they stand to gain when the enroll in a music school. Clients will only enroll in your music school or hire your services if they know that you can successfully help them learn and practice various musical instruments of their choice effectively. A Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, and unemotional way. Ladysmith Black Mambazo Indigenous Music Academy 1 BUSINESS PLAN Submitted to: THE PROJECT MANAGER: INDUSTRIAL DEVELOPMENT ³&5($7,9( ,1'8675,(6´ Department of Economic Development 1st Floor The Marine Building 22 Gardiner Street Durban 4001 TEL: 031-2029673 Submitted by: URBAN-ECON: Development Economists P O Box 810 KLOOF 3640 FAX: 031-2029675 E-mail: durban@urban … Maestro Melody Music School®, LLC is a private registered business that will be owned by Duke Edwards and his immediate family members. We will ensure that we hold ourselves accountable to the highest standards by meeting our students’ needs precisely and completely. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Maestro Melody Music School®, LLC; Our core strength lies in the power of our team; our workforce. And then write a paragraph describing why you are qualified to run this business. As such, our areas of weakness have been identified to include ineffective marketing and a drop of 5% in revenue. This has helped us create a rich curriculum that meets the best standards available. A robust economic recovery is expected to endow consumers with higher disposable income levels, enabling them to spend more money on musical instruments training, particularly costly private lessons. A business plan offers you with guidance on the path to follow. What is your particular niche? This section provides an overview of the business plan. Advertising is one of the other tips that one needs to adhere to start an online business school. Website address 6. (Have you ever thought about that before?) We are well poised to take advantage of the opportunities presented to us. It is what some call the “elevator pitch”, which will briefly introduce your business. I will require a loan of up to $10,000 to start the business. Phone number 5. While expanding our business, we will engage in effective marketing campaigns too. This is the major reason why the services of music schools i.e. If you continue to use this site we will assume that you are happy with it. Our overall business goal is to position Maestro Melody Music School®, LLC to become one of the leading music school – brand in the industry in the whole of Palm Beach – Florida, and also to be amongst the top 10 music school brand in the United States of America and Canada within the first 5 years of fully running the business. Performs cash management, general ledger accounting, and financial reporting for one or more properties. This is where your business plan comes in. One of our major goals of starting Maestro Melody Music School®, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. This is so because when disposable income drops, the need for our services also declines. We will ensure that we work hard to meet and surpass all our students’ expectations as it relates to their goals of enrolling in our music school or engaging our services. The target market for a music school is broad and of course all encompassing. Figure out your teaching identity. Maestro Melody Music School®, LLC might be a new music school in Palm Beach – Florida, but we have a team that are considered experts in the music school industry, a team with excellent qualifications and robust experience in professional musical instruments trainings and practices. As a new music school in Palm Beach – Florida, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated music school industry; that is perhaps our major weakness. In addition, lower student-to-teacher ratios are thought to facilitate better learning environments and provide more personal attention to students. Threats to our music school will come in the form of a dwindling economy. We will also run a one – stop music store in same facility where our students and other customers can purchase authentic musical instruments and other related accessories. The outcome has been revealing and will enable us to re-strategize towards increased productivity. A formal business plan is a necessary counterpart to your passion for your business concept. The delivery of quality lectures is dependent on an experienced workforce. Also, with the remaining money, I will begin to purchase teaching method and piano repertoire books. Your full name 3. Programs that offer academic degrees, even if they specialize in fine arts are not included in this industry. Fliers, banners and business cards will be printed and distributed too. In 2016, 80.0 percent of the establishments have fewer than 10 employees. To better assess our performance, we hired a consultancy firm to help conduct a SWOT analysis. Below is the business structure we will build Maestro Melody Music School®, LLC on; Principal Partner / Chief Executive Officer: Musical Instruments Instructors / Coaches. I wish I … We provide group music theory courses and string changing services. We are well prepared for this and will be committing our time and resources to ensure we achieve our objective.eval(ez_write_tag([[300,250],'startupback_com-box-4','ezslot_2',146,'0','0'])); Within 8 years, we plan on expanding our reach to cover more areas (at least 10 cities) beyond Chicago. A market-feasibility study and business plan is a critical starting point and foundation for the development of your private school. It has been four years since we first opened our doors for business. Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of Maestro Melody Music School®, LLC. We have been able to critically examine the Music Schools industry – market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. We hope to open branches of our music school in other key cities in the United States and Canada and also to sell franchise in the nearest future. Now that you have decided to start your own music school, it is important that you sit back to create plans on how to raise start – up capital, how to attract clients, how to generate profits and how to run the business. Introduce our music school by sending introductory letters alongside our brochure to corporate organizations, schools, religious organizations, households and key stake holders in Palm Beach – Florida. As a standard and well equipped music school that is centrally located, we are ready to take advantage of any opportunity that comes our way. If you part of the people keeping tabs on the trends in the Fine Arts Schools industry, you will agree that the industry has developed a creative edge over the last half a decade. Don’t try to do everything in the first 5 years unless you have been fortunate enough to find a donor to fund the entire project. This is comparable with the education sector at large. So let’s proceed to the business planning section. 1. BUSINESS PLAN TEMPLATE For a start-up company 18/01/2012 12:33:19(GMT) ... Get started with your business plan – www.iplanner.net Executive Summary The purpose of executive summary is to summarize the highlights of the bizplan and to provide a brief snapshot of the company. It is glaring that revenue growth in the industry began to rebound as the economy started to recover and schools’ endowment funds and corporate profit bounced back. If you’re setting up a physical school, picking the right location is the … Get the Bplans newsletter: Expert business tips and advice delivered weekly. THEN, start meeting with publishers and song pluggers. Business Plan Template. In addition, the popularity of music in the United States will continue to drive demand for the industry’s services. We are also strategizing to limit such threats by diversifying our business operations. Invest in a solid financial house. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. Executive Summary The Northampton Academy of Music Theatre is an historic, renovated 19th century opera house, poised to make important changes in its programming, mission, and management structure as it adapts to the needs of a new century. Are you about starting a music school? It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources. Penetrating the top 10 will take a lot of work and dedication. Making a Detailed Business Plan. Weakness is a reality we have to deal with in our chosen endeavor. Maestro Melody Music School®, LLC is established with the aim of maximizing profits in the music school industry and we are going to go all the way to ensure that we do all it takes to attract both individual clients and corporate clients on a regular basis. This music school business plan sample has highlighted some of the key areas a good plan should have. Our competitive advantage as a music school lies in our ability to recruit the best. 1. Academy of Music Theatre Business Plan 1. This business plan seeks to expose the fruits of my compositional labour, both past and future, in a much more intentional and strategic way to the market, so that they can be experienced by more people, and bring in more remuneration and greater opportunities for future projects. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. Below are the sales projections for Maestro Melody Music School®, LLC, it is based on the location of our music school and of course the wide range of musical instruments training classes and related services that we will be offering; N.B: This projection is done based on what is obtainable in the music school industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same additional services as we do within same location. Maestro Melody Music School®, LLC will generate income by offering the following services; One thing is certain; there would always be corporate organization and individual clients who would need the services of professionals when it comes to learning how to play various musical instruments. The aim is to provide more capacity as well as purchase more equipment. Your business plan will describe your goals for the school, the reasons they are attainable, and how you plan to achieve them financially. The first thing you should do is to make some kind of a study, to find out if there is enough demand for music lessons in your location. We have some of the best crops of music tutors in the industry. We will offer a standard and professional music instruments training in a highly secured and conducive learning environment to all our students. Martial Arts School Business Plan; More Business Planning Help. We have a team that is considered experts in the music school industry, a team with excellent qualifications and robust experience in professional musical instruments trainings and practices. Basically, players in the Fine Arts industry offer instruction in the arts, including art, dance, drama, music and photography. I have a computer so that I may begin the recording studio, though this will have to be in the works for the time being. We are mindful of the fact that there are stiffer competitions amongst music schools in the United States of America; hence we have been able to hire some of the best marketing experts to handle our sales and marketing. As for the detailed cost analysis for starting a music school; it might differ in other countries due to the value of their money. We will ensure that we hire professional and licensed musical instruments coaches, and instructors to work with our students. You will also attach a copy of yo… On the other hand, as the economic recovery took hold, rising per capita disposable income drove consumers to increase spending on activities which including musical instruction, supporting revenue growth in the industry. Products include Beaver Creek Acoustic guitars, drum practice pad, music theory workbooks, method books, and Suzuki violin books. It synthesized knowledge from the fields of business, education, creativity and music. In addition, we will also offer special discounted rates to all our individual clients at regular intervals. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our services. The main strategies detailed in this plan centre around putting the finishing touches (revisions, editing etc.) That’s also about the time I decided the first business I would start after college would be a music school. Start my business plan. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. We are also in the music school industry to make profits and we will do all that is permitted by the law in the US to achieve our aim and business goal. to ensure accurate and helpful information is supplied to clients when they make enquiries, Working Class Adults / Corporate Executives. This will be incentivized to encourage them to do so. Thankfully, the economy is buoyant and doesn’t seem to be declining anytime soon. The steering committee is responsible for defining the schools strategic objectives and business plan as well as developing a governance structure for the school. If you are music inclined, you should start thinking of ways to benefit from the booming music industry, and one of the ways you can benefit from this industry is by starting your own music school. Our service offerings are listed below; Our company’s structure is not entirely different from what is obtainable in the music school industry, as a matter of priority, we have decided to create a structure that will allow for easy growth for all our employees and also, we have created platforms that will enable us attract some of the best hands in the industry. Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of projects. In setting up a martial arts school, the amount or cost will depend on the approach and scale you want to undertake. Touring Artist. U&Me Dance Executive Summary . As a matter of fact, in the bid of raising capital for your music school, you should first start with home tutors and then save up cash to rent a facility and buy all the required musical instruments. Going forward, the industry is expected to grow at an even faster rate. It is important to state that there is no establishment in this industry that has a lion market share. These include private lessons covering guitar, piano, bass, violin, drums, voice & band instruments. IBIS World estimates that the top four players account for less than 2.0 percent of industry revenue in 2016. We use cookies to ensure that we give you the best experience on our website. The industry is projected to grow at 1.3 percent annual growth within 2011 and 2016. Our overall business goal is to position Maestro Melody Music School®, LLC to become the leading brand in the music school industry in the whole of Palm Beach – Florida, United States of America, and also to be amongst the top 10 music school brand in the United States of America within the first 5 years of operations. Attend music concerts and related expos, seminars, and business fairs et al, Encourage word of mouth marketing from loyal and satisfied students, Place adverts on both print (community based newspapers and magazines) and electronic media platforms, Sponsor relevant community based events / programs, Leverage on the internet and social media platforms like; Instagram, Facebook, Twitter, YouTube, Google + et al to promote our brand, Install our Bill Boards on strategic locations all around Palm Beach – Florida, Engage in road show from time to time in targeted neighborhoods, Distribute our fliers and handbills in target areas, Contact corporate organizations by calling them up and informing them of Maestro Melody Music School®, LLC and the services we offer, List Maestro Melody Music School®, LLC on local directories / yellow pages. The name of your studio 2. Print out fliers and business cards and strategically drop them in offices, libraries, public facilities and train stations et al. You could also take your talents on the road and build a business as a touring … However, we’ll be finding immediate remedies by ramping up our marketing efforts.eval(ez_write_tag([[300,250],'startupback_com-large-leaderboard-2','ezslot_7',148,'0','0'])); The need for music lessons has seen a sharp increase over the last 5 years. Responsible for fixing prices and signing business deals, Responsible for providing direction for the business, Responsible for signing checks and documents on behalf of the company, Evaluates the success of the organization, Responsible for overseeing the smooth running of HR and administrative tasks for Maestro Melody Music School®, LLC, Designs job descriptions with KPI to drive performance management for martial arts instructors / coaches, Regularly hold meetings with key stakeholders (clients and member of the board) to review the effectiveness of the business Policies, Procedures and Processes. Music School Business Plan in Nigeria. Writing a Business Plan for a School of Creative Music Education This project was about writing a business plan for a unique school of music that fosters creativity and promotes fun in learning. That will give him an idea of whether you know what you need to do and if … Maestro Melody Music School®, LLC is set to make use of the following marketing and sales strategies to attract clients; We have been able to work with our branding and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. Entrepreneur, Real Estate Developer and Investor ; with a passion for your business plan and create rich. To hire our teachers from a larger chunk of the key areas a good plan should have reading publications... To spend in acquiring new skills in effective marketing campaigns at social functions for centuries and! Budgets, and instructors to work with our students get the Bplans newsletter: Expert business tips advice... ’ s also about the time I decided the first month is included in this step you!, budgets, and overall direction – i.e, players in the and! 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