Episode 302: Should You Start Fresh or Buy Existing? A Studio Owner's First Big Decision
What We Cover In This Episode:
Why your business model should match your personal strengths and tolerance for uncertainty [1:27]
The "Vision Test" and why a profitable studio might not be the right choice for you [2:18]
How to approach building hype for your new studio before the doors even open [7:55]
The specific risks involved when you inherit a studio's client base [8:49]
What to be aware of in terms of the hidden costs involved when purchasing a studio [11:27]
Why expanding nearby to a second locations requires an certain evolution of your business [27:19]
Final considerations in…
The skinny
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