18. Business Lessons from the Local Music Store with Dr. Christian Dean
Dr. Christian Dean holds a Ph.D. in Political Science and Government and for 27 years was a tenured full professor at Dominican University in San Rafael, CA. He is currently the owner of The Magic Flute, the county’s premier music store, a place he used to work when he was in college and purchased 30 years later before retiring from teaching.
If you ever wanted to know all the elements that go into a successful, local small business enterprise, Dr. Dean is the person you’ve been waiting to hear. His store not only sells musical instruments and sheet music but also rents instruments, repairs instruments, and coordinates music lessons involving over 25 local teachers.
He talks at length about many important aspects like:
- The importance of understanding basic accounting and budgeting
as well as revenue cycles
- The relationship between profit and cash flow
- The value of making hiring a year-round endeavor and making the investment in training staff properly
- Using marketing and community outreach to attract new customers
You are guaranteed to come away from this episode with information you can use!
Contact
Site: https://themagicflute.com/
Email: [email protected]
Also mentioned during the show:
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