You've gotten a lot of good advice on this thread. You need to make sure that the business part is right. No matter how good your classes are, if you're not running the business right, you'll lose everything.
Make sure you talk to a lawyer, an accountant, go to the SBA office and see what resources they have (where I'm at, they offer free business classes as well as helping you with loans and other things).
Learn how to use Quickbooks
You'll want to form either an LLC or an S-Corp (the lawyer & SBA can help you with that decision).
Talk to a commercial real estate broker. A site like loopnet.com can help you do some basic research, but a broker will have access to far more information about what spaces are available to lease and how much they'll cost. Just FYI, most commercial retail/warehouse type spots charge the tenant for property tax and common area maintenance fees in addition to rent.
Read these books:
- E-Myth Revisited
- Negotiate the Best Lease for Your Business
- The Conversion Code
- The Pumpkin Plan
- basically anything by Mike Massie (maybe start with Profit-Boosting Principle, though I found his book about setting up a rotating curriculum to be the most helpful)
There are about 9460178 Facebook groups for martial arts school owners. Look into them. If you go on one or two, you'll probably get added/invited to more. They're often run by equipment supply companies or people selling coaching programs, so take the things you see with a grain of salt, but they're also useful and can provide good support.
Keep in mind that starting a school will take longer, cost more money, and require more work than you could ever expect. Whatever you're thinking, double that. Maybe triple.
Make sure you talk to a lawyer, an accountant, go to the SBA office and see what resources they have (where I'm at, they offer free business classes as well as helping you with loans and other things).
Learn how to use Quickbooks
You'll want to form either an LLC or an S-Corp (the lawyer & SBA can help you with that decision).
Talk to a commercial real estate broker. A site like loopnet.com can help you do some basic research, but a broker will have access to far more information about what spaces are available to lease and how much they'll cost. Just FYI, most commercial retail/warehouse type spots charge the tenant for property tax and common area maintenance fees in addition to rent.
Read these books:
- E-Myth Revisited
- Negotiate the Best Lease for Your Business
- The Conversion Code
- The Pumpkin Plan
- basically anything by Mike Massie (maybe start with Profit-Boosting Principle, though I found his book about setting up a rotating curriculum to be the most helpful)
There are about 9460178 Facebook groups for martial arts school owners. Look into them. If you go on one or two, you'll probably get added/invited to more. They're often run by equipment supply companies or people selling coaching programs, so take the things you see with a grain of salt, but they're also useful and can provide good support.
Keep in mind that starting a school will take longer, cost more money, and require more work than you could ever expect. Whatever you're thinking, double that. Maybe triple.