Every year, around this time we start to work on our program for our student showcase. We have found this to be a great way not only to connect with other business owners but also a way to raise funds for scholarships. Even though we are not a non profit business we approach our scholarship fund as if we are. The funds that we designate for scholarships go into a specific account and once we give the scholarships out those funds are then transferred into the business checking account. Through the years I don't know of one studio that has not given out scholarships. Most of the time business owners just absorb the cost and call it a scholarship when in reality it really is a loss of profit. This way there really is money that will be used and you are in control because you know exactly how many scholarships you can give out. There is only so much money that you have and once that is gone that's it!
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Studio Owner Article
Self-help and Life Enhancement Tips for the Business Owner
Steve Sirico
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1580 Post Road Fairfield, CT