It's all your business: collecting payments—past, present and future - Professional Resources

American Music Teacher, August-Sept, 2003 by Beth Gigante Klingenstein

Finances are an important part of our success in the independent music studio. Setting professional rates for our services is a vital first step to financial security. Then, it is important to devise a functional and efficient way to collect our payments. The method of payment we choose can impact our annual income. By choosing carefully, we can decrease our bookkeeping, free ourselves from the strain of uncollected payments and provide ourselves with a steady year-long income.

Beth Gigante Klingenstein, NCTM, has been an independent music teacher for twenty-eight years and is on the faculty of Valley City State University (VCSU) in North Dakota, where she also is the director of the VCSU Community School of the Arts.