About this guide
If you want to make the jump from part time teaching to a full time career as a guitar teacher, this guide is for you. For most people this is a significant decision to make and requires careful thought to ensure that you make the right choice. This guide will discuss all the points you need to consider before becoming a full time teacher. We will show you how to set yourself up so you will have enough income as well as room for growth in the future.
Working out the minimum income needed
The first thing you need to consider is whether it's possible for you to make enough money teaching guitar full time to support yourself. Even if you have a spouse that earns an income, it's worth considering what would happen if they were unable to work and you had to be the sole provider. Considering worst case scenarios like this will ensure that you never run into the problem of not having enough money to survive.
As a starting point, you need to figure out what the minimum amount you need to earn is to survive. This gives you the absolute bottom at which you can consider teaching guitar full time. If you realize you won't be able to earn this amount, it's not wise to leave your current job. Let's have a look at a case study to figure out this number.