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3 Ways to Level Up Your Studio Policy

In today's episode, we're going to delve into the toxic norms surrounding how much you charge for your piano teaching services. This is a topic that many struggle with when setting rates or considering raising them. So, let's jump right in!

One of the toxic norms I frequently encounter is the belief that musicians should be motivated solely by their love for the instrument. I've had teachers and even potential customers express this sentiment to me. While it's true that most of us are driven by our passion for music, the implication that musicians shouldn't be paid well because they love what they do is toxic. This belief undermines the value of our services and can lead to burnout and dissatisfaction.

We often come across subtle or even blatant forms of this toxic belief in society. People may question how musicians make money or assume they shouldn't be compensated fairly. However, we don't have to accept this belief. It's possible to be motivated by our love for the instrument while also demanding fair compensation. We can provide exceptional value to our students and their families without undervaluing ourselves.

The second toxic norm revolves around the idea that music lessons should be accessible to everyone. While it's a noble goal, using this as a justification for undercharging is not sound logic. Let me paint two pictures to illustrate this point. In the first scenario, a teacher who charges below market value works long hours to maintain a full studio and ends up feeling exhausted and overextended. In the second scenario, a teacher who charges above average teaches fewer hours and has more time and energy to provide high-quality instruction. This teacher can also offer a few scholarship spots for those who can't afford regular lessons.

By prioritizing fair compensation, you can create a sustainable business model that allows you to have a lasting impact. Undervaluing your services doesn't serve anyone in the long run. Instead, find a balance that allows you to meet your financial needs while still making music lessons accessible through scholarship opportunities.

Lastly, the belief that money isn't an important part of the business is a toxic norm that affects many piano teachers. Even if you don't consciously think this way, your subconscious beliefs about money can impact your financial reality. It's crucial to actively work on your relationship with money and understand its role in your business. Prioritize tracking your finances, create profit and loss statements, and actively engage with your money.

By recognizing the importance of money in your business, you can gain control over your finances and make informed decisions. Working on your relationship with money will help you break free from limiting beliefs and create a prosperous business that aligns with your values.

In conclusion, it's essential to challenge the toxic norms surrounding how much you charge for your piano teaching services. By understanding your worth and valuing your time and expertise, you can create a sustainable and fulfilling career. Remember, you deserve fair compensation for the value you provide. So, let go of these toxic beliefs and pave the way for a prosperous future as a piano teacher.

I hope you found this discussion enlightening and empowering. Stay tuned for more episodes where we'll explore various topics to help you thrive in your piano teaching journey.

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