Timeline for Opening a Martial Arts School: A Comprehensive Guide
Opening a martial arts school is an exciting venture, but it requires meticulous planning and preparation. Here is a detailed timeline to guide you through the process, ensuring a smooth and successful opening.
180 Days Out
Begin to Develop Your Business Plan
- Visit resources like Martial Arts School Business Plans to find information and examples. Work on this daily and refer to it often.
Choose a School Name
- Select a name that is short, memorable, and easy to understand. Avoid using your style in the name; consider using your city or region.
Important Considerations in Choosing a Name
- Avoid using your name if you plan to sell the school.
- Avoid using your city if you plan to expand to multiple locations.
Secure The Domain Name For Your School
- If the exact domain isn’t available, consider alternatives like www.DiscoverKungFu.com.
Forget About the Yellow Pages
- Utilize the free listing, but focus resources on developing a strong website.
170 Days Out
Choose an Accountant and Attorney/Solicitor
- Ensure they specialize in small business owners.
Choose Your Business Structure
- Decide on Sole Proprietor, Partnership, S or C Corp, or LLC. Ensure articles of incorporation include a hold harmless clause.
File for Tax IDs
- Have your attorney file for your Federal Employment Tax ID and your accountant apply for State Tax IDs.
Apply for Business Credit Cards
- Use them strictly for business to build credit and reward points.
Open a General Bank Account
- Use this account for rent, utilities, and clearing credit card statements.
Obtain a Merchant Account
- Set up a system to take credit card payments for early enrollments and online sales.
Open a PayPal Account
- Convenient for quick online transactions.
160 Days Out
Complete Your Business Plan
- Finalize business structure, name, and location.
Create a Marketing Plan
- Emphasize Low Risk Marketing strategies that cost little or nothing.
Begin to Develop Your Curriculum and Belt Ranks
- Work on this element well in advance of opening.
Hire a Logo Artist
- Professional logos are crucial; consider using platforms like 99Designs.
150 Days Out
Start Location Shopping
- Use a Location Evaluator to choose a good location.
120 Days Out
Prepare Emergency Financing
- Ensure your credit is clean and request credit line increases if necessary.
Shop for a Good Sign Maker
- Start the creation process early.
90 Days Out
Sign Lease
- Ensure your attorney reviews every step of the process.
Begin Build-Out
- Negotiate build-out strategies and review school layout examples.
Order Telephone and Utilities
- Forward calls to your home or cell until opening.
Order Business Cards and Stationary
- Use your MATA Office Depot Purchasing Card for discounts.
Order and Mount Your Sign
- Display banners and window art to keep the community updated.
Obtain Permits and Licenses
- Ensure you meet all local business operation requirements.
60 Days Out
Write Your Sound Bites
- Develop compelling 30-second answers to questions about your school.
Join Chamber of Commerce
- Utilize this free method to network with community leaders.
Get Professional Liability Insurance
- SFIC is recommended for martial arts schools.
45 Days Out
Finalize Belt Requirements
- Ensure exam programs are realistic and manageable.
Create The First Class Schedule
- Avoid scheduling too many classes initially.
Create a Media List
- List local editors, TV, and radio producers with their contact information.
Create a Demo/Speech Target List
- Research potential organizations interested in martial arts demonstrations.
30 Days Out
Order Logo Items
- Patches, T-shirts, and sweatshirts take time to create.
Start Researching Office Equipment
- Find the best deals on computers, desks, copiers, and phones.
Review Your Marketing Plan
- Focus on getting one qualified lead per day and memorizing benefit descriptions.
Get Credit Cards with Reward Programs
- Use one card for all merchandise purchases and pay it off monthly.
Establish a Wholesale Account
- Set up accounts for student uniforms and training equipment.
20 Days Out
Write First Media Release
- Announce your school, offerings, opening date, and contact information.
Write Sales Presentation Materials
- Prepare tuition sheets, program descriptions, and school brochures.
Create a List of Maintenance Processes
- List daily, weekly, and monthly tasks unrelated to marketing and retention.
10 Days Out
Mail First Media Release
7 Days Out
Call Media to Follow Up
Call Prospects
- Start scheduling appointments for intros.
Make Yourself Visible in Uniform
1-3 Days Out
Practice and Role-Play
- Role-play phone calls, intros, tours, and enrollment conferences.
Opening Day
Relax
- You are well-prepared and ready to succeed.
This timeline ensures that all aspects of opening a martial arts school are covered, from initial planning to the grand opening. By following this guide, you can establish a successful martial arts school that is well-prepared to attract and retain students.