Industry Analysis & Industry Trends
The Dance Studios industry mainly seen upward growth movement since 2008, save for a recessionary drop in 2009. Strong growth will continue through 2018, buoyed by the popularity of dance shows in the mainstream media and higher disposable income. However, the industry will face challenges in health clubs offering dance classes and a decrease in leisure time.... purchase to read more
Industry Report - Starting a New Business Chapter
The initial capital costs of establishing a school in this industry are minimal because a dance studio can often rent a space in an existing dance hall or convert a space with minimal expense. Although established dance schools often use sizeable studios, a new operator teaching smaller classes will not face immense start-up costs. Furthermore, studios often rent premises and major equipment (e.g. sound-systems) as required.
The development of a reputation is the most notable, though unofficial, barrier to entry. Many potential students rely on the reputation of a school and its teachers when deciding to enroll in classes... purchase to read more