Safe Haven: Business Advice for Prospective Spiritual Retreat Owners

VARIOUS DAISIES ON BLUE BUBBLES Yoga is on the rise in America, with 20.4 million citizens participating in the practice as of 2012, according to the Yoga in America study conducted by Yoga Journal. This represents an increase of 29 percent since 2008, when only 15.8 million Americans partook in the activity. Like many a passionate yogi, you may view this surge in popularity as incentive to found your own spiritual retreat center. Keep in mind, however, that a retreat center is more than a place of relaxation—it's a working business and should be treated as such.

Non-Profit or For-Profit

Your first major decision involving your spiritual retreat center should not involve the type of yoga or decor. Instead, you should immediately determine whether the center will be a non-profit or for-profit venture. Keep in mind that the non-profit approach provides you with better access to start-up funds, although, as the Small Business Administration advises, this approach will necessitate an application for 501(c)(3) organization status with the Internal Revenue Service.

Not-for-profits are far more common among spiritual retreat business ventures, as this type of business is typically motivated by a "greater good" mission, as opposed to pure profit. However, for-profit retreat centers can also prove viable business ventures, particularly given the current popularity of yoga. Keep your future financial aspirations in mind as you make this difficult but important decision.

Seek Support Through Official Organizations

A number of organizations offer extensive support for small business owners, not to mention a full network of contacts. For example, with a membership base of 350,000, the National Federation of Independent Business offers everything from assistance with tax issues to useful webinars on a wide array of important topics. The American Apartment Owners Association may also prove useful, particularly if you take advantage of such AAOA resourcesas the property management page, where you can find advice on maintaining an enjoyable and fully compliant atmosphere.

Take Advantage of Tax Breaks

Through your association with various small business and property management organizations, you may come to realize that many start-ups rely on tax breaks in order to survive the very demanding world of modern business. But while it's fairly easy to identify the tax breaks available for, say, a local foods store or an accounting provider, yoga-related tax incentives are often far more obscure. Tax policies vary greatly from one state to the next, which is why you'll want to thoroughly research the legislation in your retreat's region. Fortunately, as a spiritual retreat center, you do hold an advantage over the standard fitness facility. For example, New York's Department of Taxation and Finance stipulates that yoga classes held in fitness centers with Pilates and weight training can be taxed, while locations solely dedicated to yoga are free of such financial burdens.

Spiritual Retreats - Summer 2015

Spiritual Retreats Magazine features resorts from around the world, helpful articles about health and wellness, and a calendar of events for you to participate in!

Ruby Crystal Fire Activation in Bimini - Bahamas

The Summer 2015 Edition showcases the “121212 Ruby Crystal Fire Activation” spiritual retreat in Bimini - Bahamas with multidimensional telepath healer, Irene Carzoli. On this retreat, you will enjoy white sand beaches and swimming in the Atlantic ocean. Irene will also guide you through a special metaphysical transformation of love, light, and joy. Check out the magazine to learn more about the 121212 Ruby Crystal Fire Activation and the legend behind this monumental event!

Read more: Spiritual Retreats - Summer 2015