Writing a Business Plan for a Yoga Studio
Over the past 20 years, yoga has become a way of life for many people. The balance of physical activity with spirituality has drawn a number of people to practice this ancient discipline. As such, Deutsch and Thomas has worked with a number of entrepreneurs that have a specific expertise in yoga in regards to developing their own yoga studio. We are familiar with how these businesses operate by not only receiving fees on a class by class basis, but also creating my membership programs to produce highly recurring streams of revenue for the business. These businesses often generate ancillary stream the revenue from the sale of yoga mats, water, apparel, and related products. The financial model we use that is specific to a yoga studio has a number of line items that showcases the sales of each type of service and product offered by the business. We are also familiar with all the underlying operating expenses especially if independently
contracted instructors are going to be hired for the yoga studio. All the work we do is done specific to the needs of each of our clients, and we can work very closely with you to develop the business plan specific to you were operations.
As with all the work we do, Deutsch and Thomas provides its clients with a five-year financial model that features a profit and loss statement, common size income statement, cash flow analysis, balance sheet, breakeven analysis, as well as a business ratios page. We also provide all the necessary research specific to the yoga industry also showcasing the economy as a whole. Deutsch and Thomas always provides all the local market research as a relates to taking a look at the population size, annual household income, and competitive issues that will occur once a business launches its operations. We also develop a full-scale advertising and marketing plan that showcases how your yoga studio will reach potential customers within your market. This includes not only traditional print and advertising but also the use of social media and online boost the visibility of the business. The overwhelming key that we focus on within the business plan is
the economic viability of the business. We can provide you with two copies of the business plan, one that is appropriate for financial institution as well as when it's appropriate for investors so that you have all your financing options open to you.
If you're interested in having a professionally written business plan for your yoga studio, please feel free to contact us anytime at 646-216-9844 or through the contact us form on this website.