New Yoga Studio Struggles to Stay Afloat: What Would You Do?

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Demetre of Xintaropoulos

Highly recommended
Physical Therapy of Woburn
6 Questions answered
Answered on January 12th, 2021

I feel your pain. My clinic didn't shut down, but my staff requested to be furloughed, except for my receptionist. So, she worked in the morning, and I treated all my female patients then. After she left, I stayed by myself and treated the male patients. We saw maybe 10 people a day, compared to the 30 we normally would see with full staff. But hey. that was 10 bills I was getting out, that I otherwise wouldn't. My landlord was of no help. So, I opened Mon/Wed/Fri and athletic trainers who were locked out of their gyms, would use the gym at my clinic on Tuesday/Thursday/Weekends. All my patient info is electronic, and other files were easily locked away in our secure cabinet. They brought their own disinfectant, but I disinfected everything every morning anyway. From that, I brought in extra revenue and even got patients from the people who worked out there. So, If you are slow, and another yoga instructor who has an existing clientele just needs a space, sublet it to them. Take you monthly rent, divide by 30, and whatever that amount is, is your base for rental. So if it's 50 dollars a day, say add ten dollars for utilities, and there you go. You rent it 10x a month, that's six hundred dollars towards your rent.

1 Reply

Jan 19th, 2021
You have a mind that will take you far, you don't just sit and wait for the better thing to happen congratulations. Have you ever thought of adding a plan b to your business? I may have that plan that you could use for yourself and then offer it to your clientele and other people who are using your place. I call it residual income do it once and get paid forever. message me. Marge and Lee Carter
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