Below are several situations I’m sure you’ve had to face–about ways to collect lesson payments, including for missed or cancelled lessons–I look forward to your ideas and hope you find these thoughts of interest.
Six or 7 years ago, someone introduced me to the expression, “it’s all about the Benjamins.” I suppose it wasn’t obvious to me because I almost never have an occasion to notice whose face is on the hundred-dollar bill, but yes, it’s Ben(jamin) Franklin.
Business people are sometimes stereotyped as cold-cash-minded, but really, any way you make a living is a business. As in any business, music teachers have to attract and keep students (“customers”), collect money, and pay the bills.
Of course, most musicians don’t go into music thinking “it’s all about the Benjamins.” In fact, popular wisdom says that there’s only one way for a musician to end up with a million dollars: start with 2 million!
But we have to learn about collecting money consistently and with respect, and setting up policies that are reasonable but make for good relations. How would you handle some of these situations?
A student called me today to say her son is sick. Policies say she should pay for his lesson because she gave less than a day’s notice. It did create a hole in my schedule but this parent is ostentatious about her poverty and yet considers lessons important enough to pay for them. Would you charge her for the lesson?