Flamenco school with its own studio

Regular students of all ages, parents, and people booking workshops or private lessons.

Monthly or termly class fees, drop-in fees, workshop tickets, private lessons and sales of shoes, skirts and accessories.

• Advanced flamenco technique and teaching experience
• Running a small business, including budgeting and marketing
• Managing students, timetables and any other teachers

• Commercial lease terms and rent, so get advice before signing
• Check planning and building rules for your use, including fire safety and noise for neighbours
• Public liability insurance and employer's liability insurance if you hire staff
• DBS checks and a safeguarding policy if you teach children
• Check whether you need a music licence for playing music in classes and at events
• Income can dip in school holidays and summer

Startup costs are typically around £3,000 to £15,000, depending on the studio you rent, your fit-out and your insurance. These are estimates, so get real quotes for rent and equipment before committing.

Monthly revenue is typically around £1,500 to £7,000, depending on how many classes, workshops and private lessons you run and how many students enrol. The estimate assumes at least about 20 hours a week.

Check commercial lease terms and rent, planning and building rules including fire safety and neighbour noise, and public liability and employer's liability insurance. Also check DBS checks and a safeguarding policy if you teach children, and music licence needs.