You can finally open your full-time school, what do you do?

[RJCKarate]

I thought I would make this topic for two reasons.

Firstly, I've come into the chance that I might be able to acquire a venue which will allow me to have access 24/7. I currently run a school which teaches on Tue, Thu, Sun, private lessons and looking at another day to open general classes.

My school is self-sufficient and does not require any funds from my day job, however this is a job I am considering leaving at the end of the year, to take up something less time consuming (i.e. a 9-5, Mon-Fri job). For simplicity sake let's say the place I currently hire sets us back $50 a week to run 3 classes - this new place would be $100 (double) and would be accessible 24/7.

Secondly, If you had run into a similar opportunity, to open a full (or semi full) time school, at relatively low cost (say $250 USD p/wk) what would you do? Would you move from your current part-time night teaching to this, and what would you do to make sure the school was successful?

Take note that for this situation, I'm not planning on taking it on as a 9-5 job. The possibility would be to teach every night after 4pm, and any time on the weekend.

Hope this isn't to confusing, but just thought it'd be great to see what those who have been in this situation, have done, and what those that wish they could do!

Cheers,

[Lupin1]

I am all for people following their dreams. If it's looking like it's financially feasible for you to support yourself fully by doing something you love, I wouldn't hesitate. Do you have a waiting list for your current class? Would there be enough potential students to fill the extra classes? Of course you'll probably have to start advertising a little more, but if you think the market is there in your area, go for it!

[GeoGiant]

I would do it... why not? If the $$$ numbers work you would be crazy not to do it. If more of your focus was on teaching you could advertising more... more students... teaching becomes full-time.

[sensei8]

GO FOR IT! If the opportunity appears to be a viable one; then you'd be crazy to pass it up. When opportunity knocks; then answer it!

[bushido_man96]

I agree. You'll have good flexibility in setting up the training schedule, and would be able to do some focused training sessions, too.