Parents in Singapore always want their children to pick up extra talents and hobbies out of their school curriculum.
Speech and drama studios are on the rise both in Singapore and throughout the world because they help both children and adults become more confident and creative. These places foster teamwork and communication skills, with an emphasis on self-expression and self-improvement.
If you want to open a speech and drama studio in Singapore, you need to plan for various things. You need dedicated teachers, with a good insight into the psychology of their customers. You need to invest in constantly training your personnel, and into offering them access to a reliable database of articles and materials that help devise proficient syllabuses and become better teachers. You have to plan your business for the long run.
Apart from that, a speech and drama studio requires a warm environment with a versatile setting. The chairs and tables need to be moved easily in order to accommodate different tasks, from acting to poetry recitation or formal-style debates. Better schools will also include mirrors in their classrooms to facilitate lessons better. Both students and teachers will be able to view their posture and learn to be more expressive.
Other than hiring good teachers and preparing materals, you have to take into account the salaries, taxes, advertising budget, and all the props you require, along with your insurance and cleaning. SBL Singapore also understands the importance of a good strategy that helps you turn a profit.
One year ago today we at SBL Singapore helped Mr Kevin Tan with his speech and drama studio. Mr Tan has a Bachelor’s Degree in Social Media and Communications from a top university in Australia and when he returned to Singapore, he worked as a PR officer.
When Mr Tan’s son was in primary school, he was the victim of bullying. This left him with an inability to express himself, although he was also in therapy. Using his communications knowledge, Mr Tan helped his son improve. He taught his son ways to manage his feelings and how to speak properly, how to carry himself and eventually, his son became more confident.
That’s when he decided to start a speech and drama club for introverted children and adults who need to learn how to assert their opinions and feelings in a calm, objective way. He was a sole teacher at first, but he came to us wanting to expand.
Mr Tan needed money for renovations, more personnel, and better access to training. He also wanted to offer a few scholarships per year for children with disadvantaged backgrounds. SBL Singapore had a good discussion with him before approving him of a business loan. With the business financing, he was able to expand his business.
With his studio finished, Mr Tan is now seeing better results and is happier with this job than with his old PR officer’s post.
SBL Singapore can also help you achieve your dreams. Our Speech & Drama Studio Business Loans are easy to personalize and affordable, helping you cover expenses such as:
- Props and copyrighted material, including music
- Renovations and repairs
- Access to articles and databases
- Scholarships for students
- Training for your employees
- Hiring employees
- Trips for students
Launched in February 2018, SBL Singapore aims to provide financial assistance to all companies including those in the Speech / Drama Studio business industry. We also gather mentors in the Speech / Drama Studio / Arts sector through our Coach-and-Go programme for our clients to attain more information and knowledge on business management. Our objective is to help local Singapore brands grow and enter the overseas market.
With a Speech / Drama Studio Business Loan, you pay for an inexpensive and reasonable rate of interest on monthly repayments, ensuring that you have enough capital to remain competitive and grow your business. In addition to funding, you will also obtain the mentor-ship and operation assistance that you require.
- Max Loan Amount$1,000,000
- Min Years to Qualify0.5
- Min. Annual Turnover< $100,000