As you organize your financials and pricing strategy, you should also look ahead for your personal savings and retirement. Running a Moo Duk Kwan® studio can create a long-term career for you as an instructor and business owner. Retirement income originates from several options:
* Stock investments
* Tax deferred investment accounts
* Commercial Real Estate – owning the building you’re teaching out of
* Rental Real Estate – Condos, homes, apartments to rent
* Other investments
You should start retirement savings early and plan for it in your business plan for your studio. It is highly recommended that you engage with a professional financial advisor as you start your studio in order to learn of all the options available to you.