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. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. 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. Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities. I wrote a post on Music Think Tank Open that was transferred to the main page (an honor in my book) called How to Write a Music Business Plan. Food and Farming. Advertise our music school in relevant entertainment magazines, newspapers, TV stations, and radio station. It’s a great way to organise all your thoughts and make sure you have everything in place before you start your business. Music courses are also very important for any educational institution as well, just like any other subject. When it comes to the music industry, there are various factors and issues to deal with. Below are the platforms we intend to leverage on to promote and advertise Maestro Melody Music School®, LLC; Generally, for musical instruments training classes, both per hour billing and flat fees on a weekly, monthly basis and contract applies. To survive in this world and the rivalry, musicians have to develop a good marketing plan, so that they can showcase their music in the best way possible. Payment via credit cards / Point of Sale Machines (POS Machines), Business incorporating fees in the United States of America will cost –, The budget for Liability insurance, permits and license will cost –, Acquiring a space or warehouse that will be converted into the music school cum studio and that can accommodate the number of students that will come to learn for at least 6 months (Re – Construction of the facility inclusive) will cost –, Equipping the music school cum studio (various musical instruments, studio floor, sound system, Flat Screen TVs, computers, printers, projectors, furniture, telephones, filing cabinets, and electronics) will cost –, Launching an official Website will cost –, Amount need to pay bills and staff members for at least 2 to 3 months –, Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost –, Generate part of the start – up capital from personal savings and sale of his stocks, Generate part of the start – up capital from friends and other extended family members. Opening of Corporate Bank Accounts various banks in the United States: Application and Obtaining Tax Payer’s ID: Application for business license and permit: Purchase of All form of Insurance for the Business: Lease a standard facility for the music school / studios: Generating part of the start – up capital from the founders: Design of Logo for the martial arts school: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Purchase of the needed musical instruments, furniture, office equipment, electronic appliances and facility facelift: Creating Official Website for the business: Creating Awareness for the music school in Palm Beach – Florida: Health and Safety and Fire Safety Arrangement: Establishing business relationship with vendors and key players in various industries. Our music school facility will be well – equipped with wood-sprung floors, a comfortable lobby with flat screen TVs, and a wide range of music instruments. We will ensure that we hold ourselves accountable to the highest standards by meeting our students’ needs precisely and completely. Here, write a paragraph stating why your business is going to succeed. Free Music Teacher Music Teacher Sample Business Plan for Music Teacher - Business Plan # 30922508540 The target market for a music school is broad and of course all encompassing. Responsible for preparing financial reports, budgets, and financial statements for the organization. 1.1 Objectives. Some of the threats that we are likely going to face as a music school operating in the United States of America are unfavorable government policies that might affect business such as ours, the arrival of a competitor within our location of operations and global economic downturn which usually affects spending / purchasing power. Not just that, it is customizable and covers basic music subjects. Maestro Melody Music School®, LLC is a client-focused and result driven music school that provides ease to learn and fully practice and experience at an affordable fee that won’t in any way put a hole in the pocket of our clients (students and organizations alike who would hire our services). 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. While I believe you can make a success of almost any music teaching business providing you have the right marketing strategy, you should create a business plan to cover all the important issues. Here are the payment options that Maestro Melody Music School®, LLC will make available to her clients; In view of the above, we have chosen banking platforms that will enable our client make payment for all our services without any stress on their part. 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. There are many proposal templates in Word available online for you to choose the best one out of the lot that will help you create the most effective proposal. Print out fliers and business cards and strategically drop them in offices, libraries, public facilities and train stations et al. The Fine Arts Schools cum Music Schools industry is indeed a large industry and pretty much active in countries such as United States of America, United Kingdom, Germany, France, Italy, Holland, Switzerland, Australia and Canada et al. Please note that the salaries of all our staff members for the first month is included in the expenditure. As for the detailed cost analysis for starting a music school; it might differ in other countries due to the value of their money. 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. We are quite aware that the success of any business lies in the foundation on which the business is built on, which is why we have decided to build our music school on the right business foundation. 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. It is easy to understand and follow. Depending on the picture you have in mind before considering starting your music school, you would require hard work, moderate capital and various training and certification before you can successfully establish your own music school. These could be the time of the show, the venue details are given by the client, so you have an idea of what to do, the genre of music you want to concentrate on, etc. Below is the business structure we will build Maestro Melody Music School®, LLC on; Principal Partner / Chief Executive Officer: Musical Instruments Instructors / Coaches. Lastly, our employees (musical instruments instructors and coaches) will be well taken care of, and their welfare package will be among the best within our category (startups music schools in the United States) in the industry. At Maestro Melody Music School®, LLC, our students’ overall best interest would always come first, and everything we do is guided by our values and professional ethics. The music business specifics you’ll want to address in this section are your web page, your social media plans, touring, radio promotion, press kit, what merchandise you’ll sell, what your logo will look like, etc. Make sure that you are writing a business plan which best reflects you as an artist and your music. Music schools are the best place for anyone to learn the right music, as they will be taught from the basics. The list below covers a wide range of businesses. In order to set up and run a successful music teaching business you should definitely have a business plan. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. The music sector is always experiencing unending competition. 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. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner. Ensure that all our musical instrument instructors cum trainers and other staff members wear our branded shirts and all our vehicles are well branded with our corporate logo et al. Ensures operation of musical instruments / equipment by completing preventive maintenance requirements; calling for repairs. Tutoring Service Business Plan Plan Outline Close Start your plan. To help you with that, avail of our premium Music School Business Plan template that you can instantly download anytime, anywhere, at any device. This shows the importance of a business plan, because most threats or challenges are to be anticipated and plans put in place to cushion what effect they might bring to the business. First and foremost, it is important to state that the music school line of business can safely be categorized under the Fine Arts Schools industry. Take for example a grant proposal created by an individual or an entity to convince an institution to fund a project to address issues in a community. Defines job positions for recruitment and managing interviewing process, Carries out staff induction for new team members, Responsible for training, evaluation and assessment of employees, Responsible for arranging travel, meetings and appointments. Maestro Melody Music School®, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. We also took it further by analyzing and drafting a sample small music school marketing plan template backed up by actionable guerrilla marketing ideas for music schools. There are several models for creating business plans and as such, this is only one possible model. With this presentation you will deliver dynamic and make your presentation interesting and unique. Execute your vision for music through the use of the above template that is very useful to create the best proposal for your 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. My safe download promise. Our marketing department will be responsible for managing this aspect of our business structure. Business plan templates offer step-by-step instructions and prefabricated slides for your executive summary, company overview, financial plan, and more. In addition, we will also offer special discounted rates to all our individual clients at regular intervals. 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. As a standard and well equipped music school, Maestro Melody Music School®, LLC offers a wide range of musical instruments trainings and practice hence we are well trained and equipped to services a wide range of clients (both individual clients and corporate clients alike). Take away the guesswork out of the budgeting for your business with the help of the above template, which is fully editable and can be customized to meet your needs and preferences easily. 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 is a private registered business that will be owned by Duke Edwards and his immediate family members. These are the questions your business plan will help you answer. Your full name 3. The above template is a music proposal, where the organization is open to the ideas of others so that they can make the class an interactive session. We will ensure that we hire professional and licensed musical instruments coaches, and instructors to work with our students. 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. The payment policy adopted by Maestro Melody Music School®, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America. This statement should encompass what you are looking to achieve as an independent artist, whether it’s “I want to be the number one independent artist in my city” or “I want to form a partnership with a major label.” Our mission is to provide affordable professional and highly effective music trainings and services to a wide range of clients that cuts across different divides. 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. Make sure you have a neat and tidy workplace for every student who comes through your front door. 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. Perfect for those wanting to create a document that serves as a road map that provides directions so your music school business can plan for its future and help avoid bumps on the road. This could also be used for those music companies that sing at a variety of events and maintain the professionalism and dignity of music through this. FREE Music Lesson Plans Template by Music With Ms Jamie from music teacher lesson plan template , source:www.teacherspayteachers.com. No doubt, the opportunities in the music school industry is massive considering the number of individuals and corporate organizations who would want to learn music and how to play various musical instruments for various reasons. Email address The next section will be your statement of purpose. How-To-Videos; Sample Business Plans. Maestro Melody Music School®, LLC will at all times demonstrate her commitment to sustainability, both individually and as a dance related training organization, by actively participating in our communities and integrating sustainable business practices wherever possible. These threats can be external or internal. 1. 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. The event marketing plan enables musicians to popularize their content without using tiresome techniques that may require them to remain on their toes. 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. We focused on the real topic use. Downloads are subject to this site's term of use. 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. However, this is what it would cost us to start a music school in the United of America; Going by the report from the market research and feasibility studies conducted, we will need over four hundred and fifty thousand (450,000) U.S. dollars to successfully set – up a small scale but standard music school in the United States of America. 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. In setting up a martial arts school, the amount or cost will depend on the approach and scale you want to undertake. 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. Use friends and family to spread word about our music school, Post information about our music school and the services we offer on bulletin boards in places like schools, libraries, and local coffee shops et al, Placing a small or classified advertisement in the newspaper, or local publication about our music school and the services we offer, Using referral networks such as agencies that will help match students and corporate clients with our music school. Download free business plan templates and find help and advice on how to write your business plan. Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products. Every business faces a threat or challenge at any part of the life cycle of the business. The following are goals and objectives of U&ME Dance for Year 1 through Year 3 : Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. 16. The Music Schools industry growth was hindered early in recent time as the recession set in and the economy slumped. leading the development and implementation of the overall organization’s strategy. At this point it continues as a supplemental venture to my 26 hour per week employment as a church musician, and yet, artistically speaking, it has always been the most important musical activity to me of all those in which I am involved. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Palm Beach – Florida. Our music school will be located in – between a well – populated residential estate and a business district in Palm Beach – Florida, United States of America. If you intend to go big by renting a place, then you would need a higher amount of capital as you would need to ensure that your employees are well taken care of, and that your musical school environment is conducive enough for the students to learn and to effectively practice martial arts. Responsible for providing instructions and training on music and how to play various musical instruments, Handles merchandise sales (musical instruments, equipment and other accessories), Attends promotional events and competitions, Attends to any other task as instructed by the management, Identifies, prioritizes, and reaches out to new clients, and business opportunities et al. Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions. A music business proposal becomes effective if you incorporate the following tips to making a business proposal with or without the use of a business proposal template: To attain the goals you want for the career of your artists and the growth of your music business, you must generate a music business proposal that would showcase the strengths of your entity. But if your aim is just to run a music school where you will just train people to acquire the basic skills of playing any musical instrument of their choice, then you need not bother to go through the stress of applying for license; in fact, you can even start the music school in your house. Our goal is to grow Maestro Melody Music School®, LLC to become one of the top 10 music school brands in the United States of America and Canada which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Palm Beach – Florida, but also in other cities in the United States of America and Canada where we intend opening branches of music school. The above template will you a gist of the things that need to be added in the proposal, mainly those details that are requested by the client. Our intention of starting our music school is to help in individual and organizations learn music and how to play various musical instruments in a conducive and relaxing environment. Website address 6. 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 music industry is notable for producing celebrities and “overnight” millionaires on a global scale, but one thing about this industry is that it appears that we have less number of music schools to carter for the growing number of people who choose music as a career. The report further stated that the industry is highly fragmented with a large number of small enterprises and nonprofit organizations; high concentration is not anticipated to change in the near future as additional schools open. In addition, lower student-to-teacher ratios are thought to facilitate better learning environments and provide more personal attention to students. Maestro Melody Music School®, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured music school that can favorably compete in the highly competitive music industry in the United States and the world at large. 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. This contributes to a low level of market concentration in the Fine Arts School industry. 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. Phone number 5. Use any of the above word proposal templates, or any on our website to make the best one that suits your liking. We are set to become the number one choice for both corporate clients and private students in the whole of Palm Beach – Florida which is why we have made provisions for effective publicity and advertisement of our music school. In this step, you define your business and state your qualifications. Duke Edwards has a Degree in Music from New York School Arts and he can perfectly play over 7 musical instruments. This template provides a business plan outline with sample questions, tables, and a working table of contents. Find 4 sample business plans here to help you launch your health and beauty business.. 14. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. Depending on your target audience (banks, investors, business plan competition), a business plan can be as simple or complex as you want it. This template has been used by universities such as Princeton and Babson to teach entrepreneurs how to start businesses. 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. 2) Set up your studio correctly. Maestro Melody Music School®, LLC is founded by Duke Edwards and his immediate family members. Available in various file formats, you can now save yourself a great amount of time by simply clicking the download button! Advertise our music school in our official website and employ strategies that will help us pull traffic to the site. A music class is always an elaborate affair whether you are teaching at an elementary level or the high school students. 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. We will offer a standard and professional music instruments training in a highly secured and conducive learning environment to all our students. Proposals are carried out to achieve a certain objective or goal. The necessary details for the in-person contact have to be mentioned. This is the major reason why the services of music schools i.e. Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. Performs cash management, general ledger accounting, and financial reporting for one or more properties. Maestro Melody Music School®, LLC is going to offer varieties of musical instruments trainings and related services within the scope of the music schools industry in the United States of America. Principal Partner / Chief Executive Officer, Client Service Executive / Front Desk Officer. It was a bit fluffy like this one might end up and one of the MTT readers called me on it. Download Free Version (DOC format) Download the Start-Up Pack for $27. For those of you who haven’t read my previous posts on this topic, I’ll briefly bring you up to speed. 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. Certain sample courses have to be followed by the music trainer so that he/she can teach the students perfectly. Get as detailed as possible; your plans may change once you begin to execute, but if you have a blueprint, your chances of success will be much higher. The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. 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. 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. Our vision is to build a highly competitive and effective music school that will become the number one choice for both individuals and corporate organizations in Palm Beach – Florida and in other cities in the United States of America and Canada where we intend opening our branches or selling our franchise. Sustainability and Expansion Strategy, producing celebrities and “overnight” millionaires, business plan template that will help you successfully write, How Non Profit Organizations Benefit the Society/Community, Providing instructions and training on music and how to play various musical instruments, Merchandise sales (musical instruments, equipment and other accessories). We will also offer our musical training services a little lower that what is obtainable in the industry so as to generate enough revenue to run the business. In addition, the popularity of music in the United States will continue to drive demand for the industry’s services. 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