When running a martial arts school, you do not want to depend solely on the revenue you earn from your core program. Instead, you want to create multiple streams of revenue, just as most other successful businesses do.
First, when you create multiple income streams, your school will be much stronger and more stable. You’ll be in a far better position to weather bad economic conditions, shifts in the market, seasonal fluctuations and competitors’ challenges. If your only source of revenue is your main martial arts program then you’ll really feel the pinch if that martial arts program suddenly declines, for some reason.Read more