150 - Shannah Compton Game on Five Money Tips for Self-Employed Music Teachers [REBROADCAST]

Music Studio Startup: Helping music teachers thrive as entrepreneurs

MSS Entrepreneurs Hub + Mastermind

18:09

HR is no longer just about managing people—it’s about shaping the future of work. Jens Baier, BCG’s HR transformation expert, discusses how AI and shifting employee expectations are forcing companies to rethink talent strategies. From re-recruiting to upskilling employees, HR must adapt to a rapidly changing landscape. Learn More: Jens Baier: https://on.bcg.com/41ca7Gv BCG on People Strategy: https://on.bcg.com/3QtAjro Decoding Global Talent: https://on.bcg.com/4gUC4IT…

about a year ago 24:31

MP3•एपिसोड होम

Today’s episode is a rebroadcast of one of the earliest episodes of Music Studio Startup, but it has stood the test of time.

It’s worth noting that at the time of recording, my guest Shannah’s podcast was called “Millennial Money”, but the name has since changed to “Everyone’s Talkin’ Money.” Here’s the episode:

If you’re in the first few years of your career, money can be a complicated topic. You may be trying to balance bills and student loan payments while still investing in your business. On top of that, if you’re self-employed, you have to figure it out all on your own!

In today’s show, you’ll be introduced to Shannah Compton Game, a Certified Financial Planner and the host of the Millennial Money podcast.

A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode150.

Cohort starting 9/23: Music Studio Business Building 101

Business Finance for Music Teachers

225 एपिसोडस

#Theater #Entrepreneur #Arts #Business #Andrea Miller #Fluteteacher #Guitarteacher #Musicbusiness #Musicentrepreneur #Musicentrepreneurship #Musiclessons #Musicschool #Musicstudio #Musicteacher #Piano #Pianoteacher #Violinteacher #Selfemployed

Music Studio Startup: Helping music teachers thrive as entrepreneurs

150 - Shannah Compton Game on Five Money Tips for Self-Employed Music Teachers [REBROADCAST]

Music Studio Startup: Helping music teachers thrive as entrepreneurs

published about a year ago

साझा करें

MP3•एपिसोड होम

Today’s episode is a rebroadcast of one of the earliest episodes of Music Studio Startup, but it has stood the test of time.

In today’s show, you’ll be introduced to Shannah Compton Game, a Certified Financial Planner and the host of the Millennial Money podcast.

A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode150.

Cohort starting 9/23: Music Studio Business Building 101

MSS Entrepreneurs Hub + Mastermind

Business Finance for Music Teachers

225 एपिसोडस

सभी एपिसोड

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
162 - Business Travel and Conference Deductions for Music Teachers with Charles Harris, CPA 15:55

3 days ago15:55

15:55

With the MTNA conference right around the corner, we got Charles Harris, CPA back on the podcast to discuss tax deductions for business travel and attending conferences. We talk about common expenses associated with business travel, which ones are deductible and which ones aren’t. We answer questions like: Are meals 100% deductible when I’m traveling? Can I deduct my plane ticket it I pay for it with points? If my family is traveling with me, can I deduct their travel expenses? If I book a local hotel for a staycation and teach a virtual lesson while I’m there, can I count it as a business trip? A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode162 . FREE Webinar: Self-Employment Tax Crash Course Tax help for music teachers: MSS Tax + Accounting Services Join the Hub: MSS Entrepreneurs Hub + Mastermind…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
161 - Christina Whitlock on Embracing the Flexibility of an Independent Teaching Studio 40:05

14 days ago40:05

40:05

Today I’m talking to the Christina Whitlock - an independent piano teacher whose studio has flexed and changed many times throughout her career to adapt to what she wants and needs out of life and business in different seasons. If you are familiar with Christina and her podcast, Beyond Measure, you know she is a huge encourager for music teachers and you’ll get a huge dose of that in this episode. We also hear about some big changes she’s made in her own studio over the the last several years, how she rolled out the changes, what worked and what didn’t, what she’s learned about evaluating change, and more. A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode161 . Music Teacher Tax Prep and Accounting Services MSS Entrepreneurs Hub + Mastermind MSS Studio Launch Grant Competition Music Studio Business Building 101 Business Finance for Music Teachers Music Studio Startup Snapshot 009 – Christina Whitlock…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
160 - Alison Weiler on Not Teaching in the Evenings 36:09

5 weeks ago36:09

36:09

We’ve had a lot of tax talk on the podcast lately and I know that’s not everyone’s cup of tea. I get it. I promise we’ll keep it to a minimum today, but I do want to let you know about an upcoming webinar that I will be co-presenting with our CPA, Charles! Join us on Thur, February 6 for our Self-Employment Tax Crash Course. You can register for that at musicstudiostartup.com/tax . That’s it! That’s all I’m going to say about taxes. Let’s hear a good ol’, inspiring studio success story. I think a lot of listeners are going to relate to today’s guest. Alison had been teaching for a number of years, had a nice-sized studio, and was beginning to feel the drag of teaching into the evening hours. So she decided to do something about it. She set out to shift her schedule to more daytime hours. She successfully made that shift (with some genius networking strategies!) and the result was… not what she expected! Listen in to hear how Alison made (and continues to make) effective shifts in her studio and what she has learned along the way. A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode160 . 💰Register for the Crash Course in Self-Employment Taxes Feb. 6 at 11am Central MSS Entrepreneurs Hub + Mastermind MSS Studio Launch Grant Competition Music Studio Business Building 101 Business Finance for Music Teachers…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
159 - Tax Prep Service for Music Teachers - Q&A with Charles and Andrea 17:26

6 weeks ago17:26

17:26

Charles and Andrea sit down to answer some of the questions we’ve been getting about our new tax prep services for music teachers ! Can I self-file taxes? What are the tax deadlines I need to be aware of? What is the mileage deduction? How does the mileage deduction work? A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode159 . FREE Webinar: Self-Employment Tax Crash Course - Thur, Feb 6, 2025 MSS Tax + Accounting Services Join the Hub: MSS Entrepreneurs Hub + Mastermind Q1 Mastermind Groups start Jan 27…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
158 - Charles Harris, CPA on Tax Prep Tips and FAQs for 2025 25:39

7 weeks ago25:39

25:39

Happy new year! For a lot of studio owners, January represents the beginning of tax season so I’ve got Charles Harris, a CPA, as our guest today to talk about all things self-employment taxes. We’ll cover a bunch of things including the earning thresholds for when you need to earn to start filing taxes and what to do if you did not earn a profit in your business this year (spoiler: it can benefit you to file anyway!). We’ll also talk about what’s different for the 2024 tax year and what we know (and don’t know) about expected changes for the 2025 tax year. Plus, we’ll share an exciting announcement about new services coming to Music Studio Startup this year and a new perk for Hub members! A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode158 . MSS Tax Prep + Accounting Services for Music Teachers Join the Hub: MSS Entrepreneurs Hub + Mastermind Q1 Mastermind Groups start Jan 27…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
157 - Noah Tretter on Enrolling Students from a Hut in the Swiss Alps 29:38

11 weeks ago29:38

29:38

If you've ever wished you could travel, but have told yourself that you can't take time off or it's too expensive or whatever, this interview will have you rethinking those assumptions. Today, I'm talking to a returning guest about how he has designed his studios, plural, to be able to take extended backpacking trips every year. We talk about budgeting for the trips, how he preps his students and teachers, and how he keeps things on track while he's away. Here's my conversation with Noah. A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode157 .…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
BOIR Filing Party Dec. 10 1:48

13 weeks ago1:48

1:48

A quick reminder that next Tuesday, Dec. 10 is our BOIR Filing Party. If you have an LLC and it’s been on your To Do list to file this report, join us! If you missed Episode 156 where I talked about the new BOIR filing requirement for LLC owners, you’ll definitely want to check it out. 📅 Register for our BOIR Filing Party on Tues, Dec. 10 MSS Entrepreneurs Hub + Mastermind Music Studio Business Building 101 Business Finance for Music Teachers MSS Studio Launch Grant Competition…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
156 - Invitation to Dec. 10 Event + Beneficial Ownership Information (BOI) Reporting Requirement 10:23

15 weeks ago10:23

10:23

Today’s episode is more of a public service announcement for studio owners who have businesses that are registered in the US. On January 1, a new reporting requirement from the US Treasury Department went into effect and it might impact you. I’m talking about the Beneficial Ownership Information Reporting rule or BOI Reporting requirement from the Financial Crimes Enforcement Network (FinCEN), part of the Corporate Transparency Act. Today I’m going to share what I learned in my research of the ruling. I’m going to go through this in a Q&A format that traces the path I took and the questions that came up for me as I determined whether or not I would be eligible and then what the registration process entailed. Hopefully it’ll help you jumpstart your own research. A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode156 . Disclaimer: I am not a lawyer and I’m not giving legal advice here. This is strictly for informational purposes and it’s up to you to ensure your business is in compliance with all applicable laws. 📅 Register for our BOIR Filing Party on Tues, Dec. 10 MSS Entrepreneurs Hub + Mastermind Music Studio Business Building 101 Business Finance for Music Teachers MSS Studio Launch Grant Competition…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
155 - Sean Murphy on Managing an In-School Studio of 100+ Students 30:14

17 weeks ago30:14

30:14

Sean Murphy is a saxophone teacher who managed to teach 112 students on a weekly basis by teaching in schools, during the school hours. In our interview, Sean shares his scheduling strategies, communication tips, and how he keeps his income up in leaner summer months. A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode155. MSS Entrepreneurs Hub + Mastermind MSS Studio Launch Grant Competition Music Studio Business Building 101 Business Finance for Music Teachers…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
154 - Christopher Maloney on Starting and Selling a Multi-Teacher Studio (Part 2) 42:14

19 weeks ago42:14

42:14

Today’s podcast episode is part 2 of a two part conversation with a returning guest. Christopher Maloney was on the podcast last year to talk about founding Practice Warriors, an online practice program aimed at teen and adult students. You can hear that story in Episode 132 . In that conversation, Christopher mentioned that he had formerly owned a multi-teacher music studio, which he sold. That was too big a topic to get into in our last conversation, but I knew I wanted to hear that story, so I’m grateful to Christopher for making the time for another interview. In the first part of the interview we hear the startup story and Christopher’s take on the 5 things he credits for the success of his studio. Teaser: his wife, Christina, has a PR background and you can hear that influence in the out-of-the-box marketing strategies they used to launch the studio. In the second part, which you’ll hear next week, we get into the numbers and money side: we talk about startup costs, how they priced lessons, how they financed the building, and how they eventually sold the studio. You’ll hear us talk a lot about “equity” in this episode, I’ll unpack that a bit in my recap, as well. It’s not something that gets talked about very much in the context of music studios, but I think it’s an important concept for business owners to get familiar with, so we’re going to talk about it. A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode154 .…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
153 - Christopher Maloney on Starting and Selling a Multi-Teacher Studio (Part 1) 39:18

21 weeks ago39:18

39:18

Today’s podcast episode is part 1 of a two part conversation with a returning guest. Christopher Maloney was on the podcast last year to talk about founding Practice Warriors, an online practice program aimed at teen and adult students. You can hear that story in Episode 132 . In that conversation, Christopher mentioned that he had formerly owned a multi-teacher music studio, which he sold. That was too big a topic to get into in our last conversation, but I knew I wanted to hear that story, so I’m grateful to Christopher for making the time for another interview. In the first part of the interview we hear the startup story and Christopher’s take on the 5 things he credits for the success of his studio. Teaser: his wife, Christina, has a PR background and you can hear that influence in the out-of-the-box marketing strategies they used to launch the studio. In the second part, which you’ll hear next week, we get into the numbers and money side: we talk about startup costs, how they priced lessons, how they financed the building, and how they eventually sold the studio. You’ll hear us talk a lot about “equity” in this episode, I’ll unpack that a bit in my recap, as well. It’s not something that gets talked about very much in the context of music studios, but I think it’s an important concept for business owners to get familiar with, so we’re going to talk about it. A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode153 . MSS Entrepreneurs Hub + Mastermind Music Studio Business Building 101 Business Finance for Music Teachers…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
152 - Bradley Kunda on Learning and Leading for a Shared Vision 43:38

23 weeks ago43:38

43:38

Today's conversation is one about being a lifelong learner, managing competing priorities and finite time, and aligning a team to work towards a shared vision. Most of us can probably relate to at least some of these things from our roles as teachers and studio owners, but my guest today is neither a music teacher nor a studio owner. Today I’m talking to Bradley Kunda, a musician and Product Owner for the popular music notation app, MuseScore. Being on a software team, Bradley brings a really different perspective to these topics that I think you're going to enjoy and learn a lot from. Here’s my conversation with Bradley: A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode152. MSS Entrepreneurs Hub + Mastermind Music Studio Business Building 101 Business Finance for Music Teachers…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
151 - Jenica Nevala on Bold Promotions and Growing a Multi-Teacher Music School [REBROADCAST] 16:57

24 weeks ago16:57

16:57

For the first time in two years, we’re forming a cohort of teachers to go through Business Building 101 together! Join today at musicstudiostartup.com/BB101 You’ll get weekly video lessons to complete whenever it’s convenient and you can join the live office hours to get personalized help and hang out with other teachers in the cohort. Today’s mini interview comes from Jenica Nevala, a music school owner who already had a few years of studio-building under her belt before she joined the Business Building 101 cohort. During the program, she made some significant changes in her policies that have made her business more sustainable and she later ran a bold promotion that brought in 10 new students in a week. A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode151 . Cohort starting 9/23: Music Studio Business Building 101 Community: MSS Entrepreneurs Hub + Mastermind Course: Business Finance for Music Teachers…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
150 - Shannah Compton Game on Five Money Tips for Self-Employed Music Teachers [REBROADCAST] 24:31

25 weeks ago24:31

24:31

Today’s episode is a rebroadcast of one of the earliest episodes of Music Studio Startup, but it has stood the test of time. It’s worth noting that at the time of recording, my guest Shannah’s podcast was called “Millennial Money”, but the name has since changed to “Everyone’s Talkin’ Money.” Here’s the episode: If you’re in the first few years of your career, money can be a complicated topic. You may be trying to balance bills and student loan payments while still investing in your business. On top of that, if you’re self-employed, you have to figure it out all on your own! In today’s show, you’ll be introduced to Shannah Compton Game, a Certified Financial Planner and the host of the Millennial Money podcast. A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode150 . Cohort starting 9/23: Music Studio Business Building 101 MSS Entrepreneurs Hub + Mastermind Business Finance for Music Teachers…

Music Studio Startup: Helping music teachers thrive as entrepreneurs

1
149 - 2024.Q2 Recap with Cindy Hsu 26:58

26 weeks ago26:58