In the past you worked for a company and every month you got paid on the dot and things were okay - nothing special but you had no doubts. The boss drove up in his shiny new car; in the mean time you drove around in your ten year old clapped out box on wheels - noticeably he was doing fantastic compared to you. Absolutely it's time for a change; and the only person preventing you is yourself! Set-up your own dance school business immediately! Working your own dance school business is probably something you have thought about for loads of years; except what has stopped you in the past? It's clear that being your own boss may be the hardest thing you ever do, but think of the rewards.
Being the boss means making hard decisions each day, except they are your decisions and, unlike when you toil for others, you in reality get to make them! Sometimes, and particularly in the dance school area these decisions have to be made lacking all the info you need and you will gain experience rapidly.
Be meticulous when operating your own business - for certain you want to make money, but not at all costs. What are the costs of business compared with just being a worker? You have more accountability to yourself, your relatives and staff if you have any - they are all reliant on you for their economic sanctuary. Scary! Running your own business repeatedly means working longer hours and you may not make any money from working those long hours where previously you may have got paid per hour/day. A guaranteed salary!
However the large bank balance helps!
For your own personal respect; imagine the feeling you have compared to being in a routine job or no job at all. It's a lot unproblematic to get out of bed in a morning knowing you are constructing a business for yourself and your folks; your not doing it for your boss - who you might not even be fond of.
We live in a big world; their are hundreds of dance school businesses - but they aren't all identical; as a new businessman/woman it is your occupation to run your business the finest way you see fit by your experiences you have acquired in life so far.
Hardly any people start their own business - most people do not have that "daring do". The question is do you have it? Are you motivated to turn out well in business as well as in life?