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It is important to know at any age!

The key to maintaining your guitar teaching business is to increase your student 'retention rate' (how long students continue taking lessons with you). Once you know how to keep your students for longer periods of time, you will not need to keep finding new students just to replace the ones who have left in order to return to the same level of income. This will allow you to grow your guitar teaching business steadily without having to constantly worry about losing money due to decreasing student numbers.



and here is another

Most guitar teachers have only 1 or 2 ways of acquiring new students. Perhaps the most common method is advertising locally (posting flyers or placing ads in newspapers). So to recruit more new guitar students, most teachers either increase the number of ads they release, or change the ads to make them more effective. Let's assume that last year you were able to recruit 20 new guitar students. To increase this number, you publish more ads than before. As a result, this year you recruit 25 new students. Certainly this is good progress (a growth of 5 students or 25% per year), but you have only achieved linear growth. What if, in addition to advertisements you also focused on keeping your existing students longer, establishing joint ventures with music stores, and focused on converting a higher percentage of prospects into students? Most music teachers are completely unaware of how these elements can contribute to their guitar teaching business, and miss huge opportunities for MASSIVE growth!



and finally

Why Guitar Teachers Fail, Reason #5: Accepting Mediocre Guitar Teaching Skills.There is nothing more harmful to your reputation as a guitar teacher than continually offering mediocre lessons that don't get great results for your students. This is commonly what happens for teachers when they become comfortable going through the same processes every day without actively trying to improve their teaching skills. Compare this to other businesses where you could be sued/get into legal trouble if you are not providing the results your clients paid for, or claimed to be qualified for something when you really weren't. Of course, guitar teachers are not licensed in the same way as doctors, lawyers and other professionals. This leaves the door wide open for teachers who are truly unqualified and do not get real results for their students.