Katie Benson School of Dance

Katie Benson had been working at a local dance studio for several years and was presented with the opportunity to purchase the business in a few years. In order to prepare herself for her new role, Katie wanted to learn as much as possible about running a business. Katie started by attending a First Step for Starting a Small Business seminar during the summer of 2007.

After attending the seminar, Katie met with her business consultant through the Lock Haven University Small Business Development Center (SBDC) to develop a plan of action to prepare herself to transform from employee to owner. She had been involved in the daily operations of the business for the past few years but needed a deeper understanding of all the roles she would be undertaking.

Katie stepped back and went through the entire process of assessing what it takes to start a business from the registration, accounting, planning and marketing aspects of the business. She felt this would help her prepare for the day when she took ownership of the existing business, or started her own dance studio.

Katie went through the business plan development process and wanted to evaluate the option of starting her own studio versus purchasing the existing establishment. With the assistance of her consultant, she created a detailed business plan narrative and comprehensive financial projections. Through the process, it became evident her best option was to purchase the existing studio and incorporate her ideas into the establishment. The seller was also offering zero interest financing for the project so she did not need to acquire bank financing. Katie officially took ownership of the studio in the summer of 2010 prior to registration. Due to the smooth transition orchestrated by Judy and Katie, the studio saw a record number of students enroll for the upcoming year.

In addition to the Miss Katie the business employs the former owner of the studio, Judy Hakes. There are 6 additional dance instructors working in either a full time or part time capacity. The Katie Benson School of Dance specializes in ballet, jazz, tap, hip hop, lyrical, creative movement and special needs dance classes. Lessons are available for all ages and skill sets.

    • katie benson 2
    • katie benson sod
    • katie benson sod 2
    • katie benson sod 3
    • katie benson
  • Previous
  • Next