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How to get paid on time

If you have successfully moved from a per-lesson payment system to a tuition-based structure, 1 you may still be left with the challenge of parents paying on time. There are many ways to tackle this issue, so choose what works best for your business.   Prepay in full The most effective means of ensuring that payments come to you on time is pre...
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How often should I raise tuition?

​In the last article, we discussed how to determine a reasonable tuition and make sure that your studio is profitable. Once you've determined this and set your plan in motion, however, you can unknowingly sabotage your plan if you do not also plan to raise your tuition regularly. In any business relationship, knowing what to expect and when to...
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How to determine your rates and profitability

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Implementing a tuition structure that yields a consistent monthly income will ensure a comfortable income only if the chosen tuition rate is reasonable. 1 Whether you are just beginning to teach or have been teaching for decades, it is important to go through two evaluative processes regularly to ensure that your tuition rate is reasonable to you a...
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Views: What Factors Do You Consider When Setting Tuition Rates?

The World Around Us: News and Views Helen Smith Tarchalski, Editor Charging appropriate tuition rates benefits all involved. I told Lionel that this is going to be very expensive, so he must follow directions and practice a lot. Piano  lessons are very important to us, but we're not going to fool around when this kind of money is being investe...
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About The Piano Magazine

The Piano Magazine is the leading resource for pianists, piano teachers, and piano enthusiasts. We bring you informative, interesting, and inspiring ideas on all aspects of piano teaching, learning, and performing. The official name of Clavier Companion magazine was changed to the Piano Magazine in 2019.

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