So… you are considering opening a Yoga Studio…
Yoga poses and Studio Ownership require two very different skill sets. However keeping harmony and balance in either or both is key.
LOCATION
Where do you want your studio?
You might think that a busy retail space is ideal. This may help with drive by traffic, but do you actually NEED drive by and walk by traffic? A busy traffic location will COST MORE. Another thought you might consider is an IDEAL area with a “ready to tap” community of like-minded people. These days with Social Media Advertising, it is much eaisier to find other Yoga and Fitness Enthusients.
Minneapolis has a lot of unique unusual old warehouses spaces. These spaces would be much more afforable than a space on a busy high traffic area like Uptown Minneapolis. Also, on a side-note, I know a guy in Costa Rica that has a development and is wanting to add a Wellness Center to the complex. (Might be a great opportunity calling you)
MISSION
The big question of WHY are you opening a Yoga Studio?
Why are you wanting to open a Yoga Studio. Is it the money? Is it the lifestyle? Is it making a change in the world? Is it helping other people? Before you move forward, get REALLY CLEAR on your “WHY”.
SUSTAINABLE
Not just ecologically, but also the FINANCE of running the business and making is profitable. Are going to earn enough money to pay yourself well, and also pay your teachers and trainers well? Will you be doing Retreats and other events to increase your income. Will you be able to pay the rent and keep the lights and heat on?
PS: My friend Nick has a development in Costa Rica and wants to add a Wellness Center to his complex. Costa Rica is a very energy sustainable country. (and has no army) Kinda cool.
Do you want to LQQK into this further?
Let’s Connect!
BRAD ‘MagicBrad’ GUDIM
