![]() When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. Using dedicated business banking and credit accounts is essential for personal asset protection. STEP 4: Open a business bank account & credit card Learn more about state sales tax and franchise taxes in our state sales tax guides. There are specific state taxes that might apply to your business. You can learn more about small business taxes in these guides: For example, some LLCs could benefit from being taxed as an S corporation (S corp). Small Business Taxesĭepending on which business structure you choose, you might have different options for how your business will be taxed. Learn how to get an EIN in our What is an EIN guide or find your existing EIN using our EIN lookup guide. If you would like to learn more about EINs and how they can benefit your LLC, read our article, What is an EIN?. You can acquire your EIN for free through the IRS website, via fax, or by mail. It's very important to secure your domain name before someone else does. When registering a business name, we recommend researching your business name by checking: If you operate a sole proprietorship, you might want to operate under a business name other than your own name. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our Piano Tuning Business Name Generator What will you name your business?Ĭhoosing the right name is important and challenging. Repeat business builds your reputation which allows you to charge higher rates. The most successful piano tuner will garner contracts from performing arts centers and music schools that require regular tuning and repairs for their instruments. How can you make your business more profitable? The average income for a piano tuner is around $35,000 a year. How much profit can a piano tuning business make? based on client base and the technician's expertise. Regular tuning takes anywhere from an hour to ninety minutes, depending on the condition of the instrument. However, many tuners will charge by the hour when tuning multiple instruments or while completing basic repairs. How much can you charge customers?Ī standard piano tuning service typically runs for a flat rate of anywhere from $100-$180. Your reputation among music professionals will dictate who calls you for service and how much you can demand for your service. There are no extra products to sell the customer, so your service must be top notch every time. Repeat business is the only way to make money in this industry. How does a piano tuning business make money? In-home piano tuning clients are less likely to call for regular maintenance for their instruments, but they will still generate a decent portion of your profit. These clients will have a multitude of instrument that will regularly require your tuning services. ![]() Your ideal clients will be music schools and colleges, public schools, recording studios, and performance venues. Other than the cost of fuel, occasionally you will want to replace your tools and you'll need to maintain a supply of felt, wire, wood and other accessories. You will need to pay for gas to transport yourself to clients. Ongoing costs are very low for a piano tuning business. What are the ongoing expenses for a piano tuning business? Basic training courses cost around $1,000, but proper training and certification are essential to market yourself as a piano tuning professional. You will need reliable transportation, but not necessarily a large van. While a good set of tuning tools will only cost you a few hundred dollars, piano tuning is really a skill that is built over time through repetition of the process. What are the costs involved in opening a piano tuning business? Luckily we have done a lot of this research for you. What are the startup and ongoing costs?.It will help you map out the specifics of your business and discover some unknowns. STEP 1: Plan your businessĪ clear plan is essential for success as an entrepreneur. Exploring your options? Check out other small business ideas. These steps will ensure that your new business is well planned out, registered properly and legally compliant. ![]() We have put together this simple guide to starting your piano tuning business. There is more to starting a business than just registering it with the state. Create your Piano Tuning Business Website.Define your Piano Tuning Business Brand.Get the Necessary Permits & Licenses for your Piano Tuning Business.Set up Accounting for your Piano Tuning Business.Open a Business Bank Account & Credit Card. ![]() Register your Piano Tuning Business for Taxes.Form your Piano Tuning Business into a Legal Entity.Start a piano tuning business by following these 10 steps: ![]()
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