Yoga Studio Business Plan Template (Page 4 of 4) in pdf

Yoga Studio Business Plan Template Page 4

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MindBody

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ZenPlanner

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What’s the daily cost of doing business?

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How many days can you be in business before running out of liquid capital?

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Have you registered the business yet?

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How long is the registration and inspection process going to take?

Financial Factors

What to Put Here:

Running a yoga studio can be a very profitable endeavor. However, you need to be prepared to endure some

losses before you start turning a profit.

In this section, lay you the details of your financial plan. Figure out every expense that you’ll have. Don’t tie

in personal expenses, those are separate from the business. Visualizing the financial outlay of opening a

yoga studio will be help you better understand the (educated)risk you are taking.

Questions to Ask Yourself:

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How do you plan on making a profit?

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Class fees? Personal training? Supplement sales? Certification classes?

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What is your monthly financial goal?

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How many months can you sustain business before you’ll need to turn a profit?

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Use the Yoga Studio Financial Excel Spreadsheet for this one.

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How much money are you willing to spend on starting your studio?

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Will you be providing all financial capital or will you be seeking outside investors?

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If using personal money, are you putting yourself/family in financial danger?

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If you decide on investors, what interest rate are you willing to pay them?

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What’s the maximum you are willing to LOSE in this venture?

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Not all businesses succeed. Be prepared to cut your losses if your business fails.

Yoga Studio Business Plan Template Page 4