Greetings
I am about to retire this August and I am starting a piano studio to be operated out of my home in September. Yay!
I've just spent the last several weeks planning and setting up materials needed for studio operation such as a studio policy, brochures, business cards, fliers, newspaper ads etc.
I've done a lot of research on line as to other teachers' policies and one of the mistakes that many music teachers seem to make concerning the money aspect of music teaching, is that they charge and present their services to clients as an hourly fee instead of the concept of tuition.
An hourly fee is something one would pay for services such as baby-sitting, a fee for services rendered. Music instruction isn't like that at all; it should be viewed as an investment in one's learning and future development. Universities charge tuition not an hourly fee.
It has been suggested that if a teacher charges an hourly fee, more likely than not, they will be treated like a paid employee rather than a respected teacher. I believe it's all in the mindset on how it's presented to the parent.
Further to the concept of tuition, I have decided to charge that same amount
every month regardless of how many weeks there are in the month. Tuition is based on 4 weeks per month, twelve months per year, totaling 48 lessons per year.
As there are 52 weeks in the year, the other 4 weeks will accounted for with planned studio closures, (2 weeks at Christmas Break, 1 week at Spring Break and 1 week just prior to September's return to school.)
As far as summer goes, I agree with m1469 and I have adopted the same policy that the tuition paid secures the student's time slot, whether they wish to use it or not. Anyone dropping out for the summer months chance losing his or her time slot for the fall. New students enrolling during the summer or continuing students involved in the summer sessions can usurp those students who have dropped out. End of story.
I think, (having been a former high school teacher), that whatever policies and procedures you adopt for your studio, if it appears to be firm yet fair, parents will abide by them.
This is one site that was helpful in all aspects on the topic of 'Business Practices in the Private Music Studio'.
https://www.serve.com/marbeth/business.htmlWish me luck!
Cheers
allthumbs