Have owned 17 studios over the yrs ( large and small) and managed many .
Do not be fooled by the fact that you are the only one. that word of caution is from empirical evidence.
First question-- did you market research the area ( basic ads, fliers ? )
Secondly-- how close is your nearest competitor ?.
Thirdly-- what price structure are you going to base your lesons upon ?
Most importantly-- do you have a part time receptionist, to take business calls, when you are not available , at your location ?
And-- of course-- what system are you using for teaching.?
This is a very basic outline you should consider, BEFORE entering into leases etc.
Caveat emptor-- I have a business degree and am highly qaulified in several genres-- do you know what that guarantees me ?-- Nothing !!
Plan ahead is the best advice in these early ( and later ) stages .
PS-- dont forget Insurance .