Free calculator for dance studio owners
Can you afford to hire a new teacher?
A new teacher lets you add classes. The cost is per class from the start, and the tuition follows as the new classes fill.
Lowest cash, next 12 months
-
Cost before they pay off
-
wages paid before new revenue starts
Paid back by
-
month the hire covers its own cost
| Month | Without the hire | With the hire |
|---|
The starting numbers are an example for a dance studio. Replace them with yours.
The worked example
Here a new teacher costs $2,400 a month and starts bringing in $3,600 a month after 2 months. The business pays $4,800 before the hire covers a dollar of it.
How to make the hire safer in a dance studio
- Open new classes with a minimum enrollment before you staff them.
- Start new teachers at the start of a session, when families sign up.
- Pay per class taught while new classes build.
See every hire in your forecast
One Page CFO adds the hire to your 13-week forecast and shows the tightest week before you commit.