Just as important as tracking the money coming in, is tracking the money heading out the door. Even if you just have a few students and it’s just some sheet music here and a pencil case there, it all adds up.
In the template in module 2 of this course, we’ll look at a few key expense areas:
Once you get there, you can adjust these and add new ones if you like. But these 4 categories should get you started on making your guesstimate.