#048 The Business Mindset

What this episode covers

THINK LIKE A BUSINESS PERSON  Neil takes us through the key points that all tutors need to follow to make sure your tutoring operates successfully as a business. The points are an invaluable checklist for any tutor, listen in to find out more. KEY TAKEAWAYS Developing your business mindset is key but in tutoring, the business side is usually a poor second to the technical skills and knowledge of what we all teach and do. Profit is not a dirty word - there is nothing wrong with making money from your passion and art. Spend time with others who are making money as these are people who you can aspire to. Get serious about your business – give the same amount of precedence to your business as you give to your area of expertise. It’s not serious – it’s a game, it’s not personal but know the rules of the game and a playful mindset will see you through and keep you positive. Everything is a test – if everything is working for you, you’re getting it right if not test a different business model or different advertising Keep learning – work harder on yourself than on your business it’s the hallmark of greatness. If you look through history, continuing to develop skills and knowledge is a feature of everyone who is successful. Develop routines – lots of teachers have a chaotic approach but a routine is a more professional approach to your business. Build systems - set the time aside to build some systems, a crib sheet for doing the banking, a system for cleaning up the teaching space. The more systems you have the less you have to carry around in your head. Know your numbers - you must know the revenue, costs and profits for your business. If you are not monitoring them how will you know how to improve? When you work, work hard - extract the most from your time because it can be very well-paid hard work or ok paid hard work. Play as hard as you work - I work long hours but I love what I do. Celebrate life – if you’re getting paid for doing what you love – you’re one of the luckiest people alive... BEST MOMENTS ‘I don’t want to guess about my business’ ‘The time not face to face with students is a drag on my time’ ‘Find time to read, to keep your knowledge up to date’ ‘Every guitarist has a bag of tricks’ ‘I will work for 7 or 8 hours a day across the same time slots, that’s my routine a daily routine is key’ ‘Keep testing it’s a neutral process’ ‘Get your business head on you can do it’ VALUABLE RESOURCES https://www.amazon.co.uk/Weird-Things-Guitarists-Do-Misconceptions-ebook/dp/B01M2YRARG/ref=asap_bc?ie=UTF8 https://itunes.apple.com/gb/podcast/the-tutor-podcast/id1369191372?mt=2 www.Neilcowmeadow.com ABOUT THE HOST Neil Cowmeadow is a maverick peripatetic guitar teacher from Telford with over 19 years’ experience in the business of helping people. Learn how to start, grow and love your business with Neil’s invaluable advice and tips without the buzzwords and BS! CONTACT METHOD Email: [email protected]

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