What kinds of things should I consider before renting my studio out for workshops or other types of contracts?
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Hi Joy. In addition to the very good information already given, I’d say that FIRST and FOREMOST before you even go down that path, I would make sure that you have two things in hand: 1. rock-solid liability insurance to hold such events at your studio, and 2. an iron-clad contract with the potential lessees. Risk management (anticipating and avoiding foreseeable risks) when you’re inviting others to use your facility is a MUST in my opinion!
Good luck!
LaRue, CSCS
www.lecfitness.com
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