DanceStudio-Pro Blog

The average healthy profit margin for a small business is between 7% and 10%, depending on the sector. For example, a dog grooming business would likely have a higher average profit margin than a restaurant as food service is notorious for its razor-thin margins. How do your small business’s profits compare to this benchmark?

While the answer to that question will depend on many factors, from the age of your business to the products and services you offer, it’s worth considering ways you can boost your profits. Implementing other revenue streams in addition to your core offerings is a great way to secure more revenue and improve your financial security. 

To help you get started, we’ll walk through a few ideas you can employ to start bringing in more money, whether you run a dance studio or a local gym. Let’s begin!

If you have upper-level, high-school-age dancers training at your studio, chances are that some of them will want to continue their study of dance in college. Whether they’re planning to major specifically in dance or pursue a related performing arts discipline like musical theatre, they’ll likely look to your studio’s team members—their longtime instructors—to help them prepare for college auditions.

Although many colleges moved their auditions online for the 2020 and 2021 seasons due to the COVID-19 pandemic, virtual auditions are still prevalent in the performing arts landscape. They’re more accessible and cost-effective for applicants and more streamlined for programs. So, you’ll need to adapt your strategies for preparing your students for college auditions to the virtual space.

In this guide, we’ll provide tips and tricks for your team to help your students prepare for the following aspects of virtual college auditions:

• Applying to Performing Arts Programs
• Organizing Their Audition Schedules
• Choosing and Rehearsing Repertoire
• Promoting Self-Care During the Audition Process

How exactly you apply these tips will depend on your students’ needs and the programs they’re applying to. However, framing your process around these general guidelines will set your dancers and team up for success. Let’s get started!

If your business is looking to raise support in your local community, it may be worthwhile to turn to corporate social responsibility (CSR). Small businesses and those with tight budgets may have doubts about their ability to get involved in philanthropy, but with the right CSR program, you’ll find being a good corporate citizen is shockingly achievable. 

But what is the right CSR program for your business? To answer this question, we’ll dive into seven of our favorite, impactful ideas for making a difference in your community. First, however, we need to make it clear just what we mean by CSR and how it differs from philanthropy.

When it comes to running a successful dance studio, your team knows that you’ll need all hands on deck. However, even with everyone on your team working diligently towards your goals, you might find yourself overwhelmed with everything on your plate.

If you own a small business, you’ve probably heard of the concept of corporate social responsibility (CSR). Focusing on CSR not only drives positive social change, but it also boosts your reputation as a company that holds itself to high ethical standards and cares about the community it operates in.

In a world as vast as the internet, carving a distinctive path for your small business isn't just a choice—it's a necessity. However, with so many businesses vying for attention online, it can be difficult to make your presence known. 

Whether they’re choreographing dances for your upcoming recital or working on your social media marketing, your employees provide a lot of value to your dance studio. To show employees you appreciate their hard work, you need to develop a strong employee recognition program. 

According to recent surveys, nearly 75% of Americans believe that it's essential for companies to make the world a better place. But how can businesses make this worthy aim a reality? 

Running a dance studio involves many moving parts. From processing your students’ tuition payments to communicating important updates to your community, your studio likely has its hands full. Rather than overwhelming your staff, streamline your operations by upgrading your tech stack with apps for dance studios.