profit & loss, little switch yoga 2023

I am so proud to say – and so glad to UNIQUELY say it! – that I am sharing my Profit & Loss report for little switch yoga here at year end.

To be honest, I have never seen another yoga teacher or studio do this.

As usual, I’m a bit of a trailblazer!

Now.

I am not sharing this to receive business or financial advice.

I am sharing this, to give you further insights as to what I’m building!

Little Switch will turn one year old, in about a month and a half.

Even though I’m not yet making a living wage, I am very happy with how it’s going.

Please do read on, as this will orient you well to my vision!

***

2023

REVENUE for little switch yoga:
$2,674.00

YOGA EXPENSES
Rent, props (including a large investment for blankets and blocks), insurance, registration, print materials, and professional development:
$1,850.96

TIPS
$117.00

NET PROFIT BEFORE TAXES (my wages including tips): $940.04

# of classes taught for little switch (57)
+
# admin hours (85.5)
=

hours worked: 142.5
number of student-hours served: 250

—————

$ per hour: $6.60


(I did not include gas, my yoga clothes, tea and food in my Expenses this year)

I know what some of you might be thinking.

“If you aren’t yet making a living wage yet, why are you offering free yoga*?”

First you should know: in my work for Ompractice, I DO in fact get paid a living wage. The numbers above, are reflective of my LOCAL yoga group. What this means is, my total yoga earnings are helping keep my spirits up as I try to build something self-sustaining here in the Harbor.

But it’s true, when it comes to my local practice I’m not paying myself first. 

Not yet!

I am giving yoga scholarships, and it is also true that I am purchasing props as well (rather than paying myself).

You may have also noticed I am not purchasing the cheapest props out there.

For instance, instead of buying polyester blankets (like you’ll find in most studios), I bought 100% cotton. I am using cloths I made myself, instead of disposable wipes. That kind of thing.

THIS IS ALL BY DESIGN, BY INTENTION.

I am creating a sustainable, joyful community.

It takes money and time but it really, REALLY takes a lot of thinking, designing, and polling of my students, that kind of thing.

I’m proud of myself (and grateful to my partner) for keeping these records through 2023.

And I am REALLY proud of what I’ve built for the funds I’ve had.

In fact, most entrepreneurs don’t make ANY hourly wage in their first year!

I’ve done this WHILE building something fantastic. You only have to come to class – or share tea afterwards – to see what I mean.

I have a stellar reputation, a wonderful community, and in 2023 I always have had at least one student in my class (whew!) – 

and I have carefully created an amazing prop library, WHILE paying rent to a local, independent business owner!

That said –

It’s time to move into 2024!

How you can help:

At this time, I don’t need advice on how to market, or how to price, or what types of yoga to host and when.

I could use THREE things from you – and all three will help me a great deal!

1. Please sign up for my emails (and make sure to opt in)! This is one of the best ways you can help me. (Make sure to READ your emails, too!)

2. Share about me to local press and in local Facebook groups!

3. keep your eye out for a space for me to rent. I am looking for a large room (NOT looking to build a whole studio). I love the space I am in, but the hours available to me are very limited.

***

Thank you – so much – for reading!

And thank you for supporting Little Switch Yoga!

***

* Just so you know – I call classes either no-cost, or scholarship. I do not like the use of “free” because unfortunately, this tends to devalue the practitioner and the expertise. Nothing against anyone who uses that word “free” – it certainly is far, far more eye-catching! – but I just don’t. Thank you for understanding!

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