Course Title. Surviving the Tough Times Lauren Haas Amanfoh –President of Royalton Music Center,...

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Course Title

Transcript of Course Title. Surviving the Tough Times Lauren Haas Amanfoh –President of Royalton Music Center,...

  • Course Title

  • Surviving the Tough TimesLauren Haas AmanfohPresident of Royalton Music Center, Inc.Third generation owner

  • Our success

    Diversify create niches for your business

    Have the right gear buy & pay smart

    The community is key

  • 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

  • Right gear, Right nowStay current Dont be afraid to try new thingsLearn from mistakesYour decisions Failure: pianosVendor accountabilityYou are the vendors customer

  • Buy $mart!Tough times are the best times to buy Deals from vendorsUsed instrumentsGreen in more ways than one

  • 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

  • Rental how-toStart small - local schoolsTheir preferencesCustomize care kitsOffset instrument costs

    QUALITY rentalsThere is a difference!WorkhorsesBuild your reputation with directors and families

  • The Community is KeyLocal chamber of commerce and government Grow your business networkFunding County or state incentivesNAMM!

  • Be accessiblePerformancesLearning experience for studentEngage parents and familiesGroupsGive them an experience

  • Draw in new bloodBand & Orchestra ExpoThe Music ClassField trip & birthday parties

  • You cant afford NOT to AdvertiseLocalized means of advertisingYou choose who your ads reachDiversify your advertising avenuesEventsPrograms Donate - Sponsor PartnerThe City Mission

  • Be tough and

    Create multiple niches for yourselfHave the right stuff but pay for it wiselyThe community will love you back

  • The Joy of Music

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