Established November 6, 2015: As I composed the first Shivatree Yoga teacher training program, I decided how to address the finances of teaching yoga in a simple way which I have adopted as an official declaration of Shivatree Yoga’s mission:
I will put price tags on most every event that I offer. HOWEVER, I DO NOT WANT TO TURN ANYONE AWAY because of financial constraints…the only exception is for retreats, which I’ll get to in a moment. For example, teacher training is $2,500 but if you can honestly only pay a portion of that, PLEASE attend the training. Pay what you can, and in some instances perhaps we can negotiate a partial trade. I would rather have five deeply engaged people in the program and meet costs rather than two people who were able to pay in full.
DO NOT feel embarrassed by offering what you are able to pay…I’m a yoga teacher…we have often lived paycheck to paycheck, I washed clothes in the bathtub for a couple months upon moving to the big island, we camped on our property for over a year, and we are in the process of completing our tiny home. I’m not embarrassed to admit that; just remember, the yoga teacher is usually the poorest person in the room, so have no shame! =)
So why are retreats an exception? Because by offering discounts or trades I am paying out of pocket, which I cannot do…I have to reserve a certain number of rooms in advance and make a deposit without having any guarantee that those rooms will be filled. If more than the minimum number attend, there is a profit; if we meet the minimum, I break even; if the minimum is not met, I’m throwing up because I lost a big chunk of money. Ha. Will I keep hosting retreats regardless of the profit? YES!
Why? Because retreats provide a rejuvenating respite from daily life, one that refuels you in a way that allows you to go back into your daily routines with more energy, enthusiasm and gratitude. I don’t see it as a vacation and I bet most previous participants would agree, it’s a time devoted to self-care.
By the way, it is really helpful and essential to have EARLY deposits and RSVPs to retreats, otherwise I may not be able to afford the deposit by the required deadline (unless there are consistent profits from retreats), which is often four to six months in advance! I know it’s really hard for us here in Hawaii to make early commitments because we tend to go with the flow. With that in mind, I’ve also written another financial policy which is this:
For retreats, trainings or deposits exceeding $100: When you submit a deposit for a program or event, if something arises to prevent your participation, you may use the non-refundable portion towards any future class, workshop, training or retreat with Amanda. If you submit more than the non-refundable portion (or event doesn’t declare a non-refundable portion) in advance and cannot participate, the remaining balance will be refunded to you within 30 days AFTER the event concludes.
For pre-paid classes under $100: You may apply the payment towards a different event OR a request a refund to be returned within 14 days following event.