Dance Studio Swot Analysis

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Strengths SLT has outstanding staff relationships and friendships with adult students. Through these special relationships, she is achieving unique leadership, confidence, and great personality that are affecting her dance studio functions. Those dance studio functions are giving market studies and research since they are the major keys to uncovering needs. With these major keys, classes will certainly fill up. While these classes are filling up so quickly, she is acquiring financing and grant considerations for marketing new dance studios. With new dance studios being open soon in year 2020, SLT is finding unique resources for advertising through Internet advertising, mail advertising, sharing valuable information from other franchised Arthur Murray owners, global peers, and accolades from many ballroom dance competitions through winning students. The studio in Lake Mary, Florida is recently voted as number one studio in the state of Florida. SLT’s staunch commitment to expanding dance studios is not affected by today’s market conditions due to …show more content…

“Across industries, human resource managers have come to understand that satisfied employees have a great deal of influence on client satisfaction” (Wells, 2008). Inundated paperwork such as tax preparations, and filing certain documents with the major headquarters of Arthur Murray Studios are causing huge headaches for SLT. Tax issues for dance studio business is one area that SLT needs help preparing a dance studio business plan that is tax ramifications. Unfortunately, SLT is not a tax expert and is seeking help with such things as the specific structure of the business, the annual revenue stream and yearly budget. SLT has hired a qualified tax attorney to prepare a dance studio business plan as a step for expanding the

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