Course Title. Surviving the Tough Times Lauren Haas Amanfoh –President of Royalton Music Center,...
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Transcript of Course Title. Surviving the Tough Times Lauren Haas Amanfoh –President of Royalton Music Center,...
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Course Title
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Surviving the Tough TimesLauren Haas AmanfohPresident of Royalton Music Center, Inc.Third generation owner
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Our success
Diversify create niches for your business
Have the right gear buy & pay smart
The community is key
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Be a nicheBusiness model multi-facetedLarger customer base Derive your income from multiple sourcesLessons!RepairsStep-up and Pro instruments When one door closes, another opens
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Right gear, Right nowStay current Dont be afraid to try new thingsLearn from mistakesYour decisions Failure: pianosVendor accountabilityYou are the vendors customer
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Buy $mart!Tough times are the best times to buy Deals from vendorsUsed instrumentsGreen in more ways than one
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Pay $martEarly pay discountsWeigh cost of financingInterest rates at an all time lowHuge savings 1 whole employees salary!Rewards credit cards & spiffsFree travelOffice suppliesHoliday party
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Rental how-toStart small - local schoolsTheir preferencesCustomize care kitsOffset instrument costs
QUALITY rentalsThere is a difference!WorkhorsesBuild your reputation with directors and families
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The Community is KeyLocal chamber of commerce and government Grow your business networkFunding County or state incentivesNAMM!
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Be accessiblePerformancesLearning experience for studentEngage parents and familiesGroupsGive them an experience
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Draw in new bloodBand & Orchestra ExpoThe Music ClassField trip & birthday parties
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You cant afford NOT to AdvertiseLocalized means of advertisingYou choose who your ads reachDiversify your advertising avenuesEventsPrograms Donate - Sponsor PartnerThe City Mission
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Be tough and
Create multiple niches for yourselfHave the right stuff but pay for it wiselyThe community will love you back
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The Joy of Music
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