Hazardi172
Blue Belt
Everyone is earning interest with time, unless they are mismanaging their finances?
2 Hour Intro to Wing Chun Class
- Thread starter wingchun100
- Start date
Everyone is earning interest with time, unless they are mismanaging their finances?
Hazardi172
Blue Belt
Entirely untrue. There are almost no personal checking accounts (and few business checking accounts) that pay any interest on deposited money in the US. And even Savings accounts pay a trivial amount, such that the amount a person would add to their finances over a year of delaying payments by 1-3 weeks (as opposed to paying monthly) would be less than $0.10. And then you factor the time and effort of managing paying twice a week for a year, rather than once a month (transferring the money from Savings each time), and they've spent at least an hour of their time to earn those ten cents.
You still haven't explained why. Martial arts aren't a religion. It's a skill. If someone teaches painting, science, automotive repair, physical education, or any other topic, they should have the option of making money. The same holds for martial arts, and always has.I think a good idea with science classes, but a bad idea with martial arts classes
Hazardi172
Blue Belt
Because there's not a short-term storage method that provides any significant interest.Why would anyone have their money in place not earning interest
Hazardi172
Blue Belt
I tend to think that martial arts is full of frauds, and that there are very few decent teachers. Given this I feel that personal trust and lack of a financial motive is very important. Plus there are so many easier and better ways to make money than teaching MA- in the end why bother, better to do it for the love
Hazardi172
Blue Belt
I can teach
- 200 different throws. If I just charge $10 each, that will be 200 x 10 = $2,000.
- 50 different forms. If I just charge $50 for each form, that will be 50 x 50 = $2,500.
Sometime I think to treat MA as "retail business" is not a bad idea.
A: I also want to learn counters for "hip throw".
B: I can teach you 10 different counters. That will be $2 each. But if you want to learn all 10 counters, I can give you for $16.99.
All irrelevant to the person teaching martial arts, putting in their best effort, and setting aside a lot of their personal and/or professional time for it. I make next to nothing teaching (probably less than nothing), but I have no problem with those who earn a living at it. I'm not willing to teach kids (almost necessary) nor that many evenings (absolutely necessary) so I'll never support myself on martial arts. Others have a higher level of commitment to the activity of teaching, and they should be paid commensurate with that.I tend to think that martial arts is full of frauds, and that there are very few decent teachers. Given this I feel that personal trust and lack of a financial motive is very important. Plus there are so many easier and better ways to make money than teaching MA- in the end why bother, better to do it for the love
I've been living in the US for 46 years. I've been working with banks for 25. Want to tell me where I'm mistaken?I think you are mistaken
If only it worked that way, eh? Instead, I teach an hour an make a few dollars. In my case, all of those end up going back to new stuff for the students to play with.I can teach
- 200 different throws. If I just charge $10 each, that will be 200 x 10 = $2,000.
- 50 different forms. If I just charge $50 for each form, that will be 50 x 50 = $2,500.
Sometime I think to treat MA as "retail business" is not a bad idea.
If you don't want your students to learn, you will teach them new material everyday and never review it.
MA teaching can also be like car service. You can have
- oil change,
- 20,000 miles maintenance,
- ...
You can charge different fee for different service.
A: I would like to polish and enhance my "single leg" again.
B: That will be $4.99 for polishing and $5.99 for enhancing.
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Hazardi172
Blue Belt
Depends who you want to teach really. The way you set it up determines who will come.
People should be paid depending upon how others value what they do. Making a business of MA is inviting lowered standards, low quality students, and so on. Depends what is most important to you, how you choose to do it.
Hazardi172
Blue Belt
Not really on the martial talk forum
I am sure if you put your very experienced mind to it you will think of a way
Again, you're making assumptions not supported by research, nor by my experience in the US. Your assumptions, as you've said, are based upon your experience. That's experience elsewhere. Cultural differences actually matter.
As for your attitude that running a business is a bad thing, tell that to a doctor. Tell him he's cheapening what he does and inviting lower standards by earning a living.
You've being arrogant. You don't know an answer that can counter mine.Not really on the martial talk forum
I am sure if you put your very experienced mind to it you will think of a way
OP
OP
wingchun100
Senior Master
I found a place that offers the insurance for $350 per year. Someone on one of the other threads directed me to them.
OP
OP
wingchun100
Senior Master
I don't really need much in the way of equipment. Maybe 2-3 pairs of focus mitts. Since the place I am renting would not be exclusively mine, I would not install anything like a wooden dummy or anything like that. Also, not for nothing, but since there is an MMA class there, I would also be able to share some of the gear they already have there.
Hazardi172
Blue Belt
I don't think that running a business is a bad thing, just that running a martial arts teaching business is often a bad thing. MA very different to medicine because results are difficult to measure for most people in normal lives.
Again the charging method makes a big difference to the kind of person you attract in MA classes. Depends what you want really.
