Music production company business plan
Dja) will capitalize on the growing entertainment market across the world through the production and promotion of high quality entertainment. Located in miami, florida, the company will become highly profitable through the sale of pre-recorded music product, and ancillary profit centers. Dja will own and control the masters (master copies), copyrights and licenses of its product, which will enable dja to create immediate revenue streams while growing its music catalog into a multi-million dollar asset. 2 products & company has established four record labels to handle a variety of music genres including pop, rhythm & blues, alternative rock, jazz, gospel, urban and new adult contemporary. Selected over the past year, these highly talented veteran and debuting artists will enable dja to quickly penetrate the music will distinguish itself from other independent record companies through its marketing and promotional plan. Dja will utilize the success of its pre-recorded music to develop profit centers in independent distribution, merchandise and concert promotion. This provides dja the opportunity to generate revenue from the world’s largest music markets including japan, germany, the united kingdom and south has formed an experienced, award-winning management team. The years of experience maintained in both the business and creative sides of record company operations will enable dja to generate profitable revenue will generate over $5. These funds will be used to: a) establish corporate offices, b) maintain overhead expenses, c) acquire and secure artists, d) fund project production budgets, e) fund multi-faceted marketing and promotion budgets. Is a multimedia entertainment company, which will supply profitable, positive, audio and visual entertainment to a diverse, international consumer group. Dja is committed to wholesome entertainment across the board and firmly believes that quality palatable entertainment can be realized without compromising commercial is composed of three internal divisions: dja music, dja video, and dja ancillary. The company will compete and earn revenue immediately through the creation of several lucrative profit centers, beginning with pre-recorded music. Owning and controlling the rights to each of its albums will enable dja to grow its music catalog into a valuable asset, one of several-hundred revenue producing titles. Responsible for the cultivation of talent, the production of pre-recorded music product and its marketing, the success of dja music will lay the groundwork for additional dja profit record labels comprise the company’s music division. Contrasting the typical scenario in which a record company spends more money producing the music than they do in its marketing and promotion, dja will utilize a stable of experienced and resourceful producers to ensure the highest quality product within established production budgets. Additionally, its strategic alliances with distribution partners and its experienced management team lead to an advantage for the music and its associated labels will produce and release four projects from each label in each of the first two years of operations. A second phase consisting of sixteen productions for artist follow-up albums and newly acquired artists will begin in late the course of 2009, dja music’s artist and repertoire department will locate, assess and consider additional recording artists. Dja music has begun discussions with a variety of known recording artists who are interested in signing with dja music. 0 market analysis target market for dja records is very diverse, as the company has four distinct labels, which clearly target the intended market, based on listening preferences and music genres. Dja has distribution lines in the united states, japan, united kingdom, germany, and south america, and therefore target the citizens of those ndent labels have been described by knowledgeable music industry professionals as “the lifeblood of the business. Of the music industry’s market share, equating to sales of approximately $2 billion and 180 million u. Record business, which grossed four billion dollars in 1990, exploded to eight billion dollars in sales by the end of 1995, with a unit volume of 726 million records sold.
How to write a music business plan
File sharing has been curbed, but the internet has taken a key role in the music landscape. Recent figures show industry sales of more than 10 billion dollars, most of which has been generated industry has evolved considerably, and now digital distribution has become the primary method for selling music to consumers. Plethora of options are available to satisfy dja’s requirement for quality manufacturing and reproduction of compact discs. A working relationship with either of these companies will allow dja to readily expose its music products to the world’s largest music markets, while generating $8. Utilizing the latest web site technology, dja’s web site will be intended to advertise the company, announce and advertise new releases, sell company products and merchandise and offer e-mail communication. Furthermore, utilizing the latest technology, visitors to the web site will be able to sample music clips from dja’s artists. Dja will create space on its web site for each artist signed to the company. The chief marketing objective for dja’s pre-recorded music, video and programming products centers on the design and implementation of a strategy that will cost-effectively deliver that product to the intended target will be achieved through a marketing plan consisting of the following tools: publicity, community outreach, advertising, art direction, radio promotion, independent promoters, broadcast music videos, touring, retailer co-op advertising, motion picture tie-ins, alternate distribution outlets, internet, dance club promotions, mailings & telephone ering the onslaught of product released to the music/video market each month (1,200 new releases) worldwide, it is crucial to ensure the visibility of each project. With properly established budgets, dja music will generate large streams of profits from each of its projects. The marketing and promotion budget will be divided into twelve to fifteen-month campaigns, each consisting of three phases: “single” promotion through music video and airplay; media exposure through radio, television, and online; and full length album release and promotion. 5 strategic recording companies frequently invest in independent labels when confidence in the company’s roster and management exists. In these strategic alliances and joint ventures, the larger company may invest money to: a) assist in completing album projects, b) manufacture compact discs and tapes and c) assist with marketing and promotion music will utilize its distribution network to allow for the distribution of projects for smaller, independent record labels. A key factor affording dja the opportunity to capitalize on this is the company’s close, personal relationships with both cook distributing and the smith group. Partnerships with these companies will be dictated by the strength of company management, the quality of both their artist and product and the size of their marketing and promotion of the label vice presidents will be directly responsible for all of the functions within their particular label, including marketing/sales, artist development, publicity, promotion, artist relations, artist &repertoire, and creative services. Wherever possible and feasible, staff will be shared between labels in an effort to minimize unnecessary a profitable, reputable and stable entertainment e profitability and month-to-month positive cash flow by the end of l required fiduciary responsibilities to investment on the company to allow investment partners, founders and employees the opportunity to financially capitalize on dja’s dja reaches profitability and becomes a stable operation, several lucrative exit scenarios become viable. Dja may be acquired by a major record company, or the shareholders may liquidate their ownership positions through sale of shares to management or outside investors. Dove, a graduate of the smith center, in the business school at the university of florida, provides dja with a wealth of tangible business hertel, senior vice president (new river), provides an impressive blend of entertainment and general business which will be instrumental in leading new river. Currently, sean hertel is the director of gospel music, for share music, also located in tylor, senior vice president (sun), has developed a multi-faceted background with experience in finance and banking, in addition to comprehensive experience in the entertainment industry. Due to his experience in the jazz niche of the music market, max has developed a solid network of personal contacts with radio promoters, musicians, producers, and executives. These affiliations are invaluable to dja and will allow the company to make an instant impact in the marketplace. Qualified, experienced and talented staff has been selected to operate dja music and its associated labels. Staff members have honed their skills in the areas of project production, artist & repertoire, marketing and artist promotion.
This action can take place within eight years from will be used to establish corporate offices, maintain overhead expenses, acquire and secure artists, fund project production budgets, and fund multi-faceted marketing and promotion budgets. Based upon the intensity of dja’s marketing plan/budget for its projects, the following unit projections will be quickly attained and river – 250,000 units/ – 250,000 units/ – 125,000 units/ – 125,000 units/ will gross approximately $8. Revenue will also be earned from the sales of digital music through itunes and other online retailers. Initially representing less than 5% of the company’s revenues, the magnitude and scope of these areas will increase as dja and its artists’ reputations grow. The company will maintain a cash balance of at least nine months of operating expenses to ensure an adequate buffer for collecting receivables and unforeseen costs associated with this four years it is projected that dja will hold approximately $20 million in cash and liquid assets, with a total assets equating to over $28 million. The majority of accounts receivable will be outstanding from the distribution company, which receives payment directly from retailers and will subsequently remunerate dja. The majority of the pre-recorded music product will be stored with the manufacturer and shipped directly to the distributor’s fulfillment/distribution centers. Artist royalties will be accumulated and paid bi-annually, in august and t production budgets – these vary depending on the genre of the project. Established relationships and affiliations in the industry enable dja to produce its projects over a ninety-day period, for approximately half the typical cost paid by a major label record company. Projects produced through new river and swell require $121,000, sun recording’s projects (inspirational/gospel) require $80,000 and urban projects (rap/hip hop) require $45,ing & promotion budgets – these vary depending on the particular genre of music. Marketing budgets will be expired through the course of twelve-month marketing d articlesmore from bike shop business apparel store business ia business cturing business food restaurant business tourism business a financial model for your annual income show marketing secrets for your small ing and sustaining business in a tough r topicsbusiness planning390business startup tips286marketing tips258general247management ideas222marketing & advertising tips145human resources133business strategy & tactics131. Tips to spruce up your ial statements short ss plans ss plans - volume company business entertainment plan for a record company is quite detailed. These labels cover spectrum of the music industry, from jazz, to ian music, to rock. The company already has established ties s artists in the industry, and plans to search for new artists ing & entertainment corp. Rec) will capitalize on the ainment market across the world through the production and high quality entertainment. Rec will own and control the masters (), copyrights and licenses of its product, which will enable rec immediate revenue streams while growing its music catalog into -million dollar 's chairman, samson rama, has created, produced and thirty albums throughout his career. The years ence maintained in both the business and creative sides of y operations will enable rec to generate profitable maintains strong affiliations in the music industry. This provides rec the opportunity to generate revenue world's largest music markets including japan, germany, kingdom and south company has established four record labels to handle a variety genres including pop, rhythm & blues, alternative rock, jazz,Gospel, urban and new adult contemporary. Selected over the past year, talented veteran and debuting artists will enable rec to ate the music will distinguish itself from other independent record h its marketing and promotional plan. Rec will utilize the success of -recorded music to develop profit centers in independent distribution,Merchandise and concert on conservative revenue projections, rec will generate over $n in sales revenue throughout fiscal 1997-1998, and $26. Corporate offices, b) maintain overhead expenses, c) acquire artists, d) fund project production budgets, e) fund ing and promotion budgets. A linked offering composed of common stock,Preferred stock and debentures is being offered by rec reaches the aforementioned levels of profitability, ive exit scenarios become realistic including the opportunity to ed by a major record company and, depending on investor preferences,The ability to liquidate ownership entertainment corp.
Is a multimedia entertainment company which profitable, positive, audio and visual entertainment to a diverse,International consumer group. Contrasting the typical scenario in which a record more money producing the music than they do in its marketing ion, rec will utilize a stable of experienced and ers to ensure the highest quality product within tion budgets. This, in conjunction with the financing and ary to stage intense, relentless marketing campaigns will impetus necessary to create "winning" products in is composed of three internal divisions: reed music, reed video, ancillary. The company will compete and earn revenue h the creation of several lucrative profit centers, beginning -recorded music [compact discs (cds), enhanced cds (sound &. Owning and controlling the rights to its albums will enable rec to grow its music catalog into a , one of several-hundred revenue producing talented group of individuals who have united to form this y, combined with industry affiliations and a highly esteemed directors, will catapult rec into the future as one of ry's leading entertainment companies. Rama has linked and placed projects and music titles following television networks and television and motion tion companies: jbn, txk, csc, global television, heavenly bloomfield . Carl lever, a graduate from the johnson center, in the college ss at the university of nevada, possesses a wealth of general business experience. Lever provides the essential to direct rec in daily finance, accounting and resource addition, a qualified, experienced and talented management team selected to operate reed music and its associated labels. Achieving success in all facets of record company operations, s of the management team have honed their skills in the areas t production, artist & repertoire, marketing and ion. This assemblage is poised to utilize ed skills to ensure the growth and profitability of music is rec's primary thrust for the first several years ions. Responsible for the cultivation of talent, the production -recorded music product and its marketing, the success of rec lay the groundwork for additional rec profit music and its associated labels strive to fully maximize the profit potential of each artist. As the widest music market, rec music personnel oned and selected several artists who will debut with ocean records is responsible for jazz and new adult contemporary growing popularity and profitability of these music genres y product supported by solid promotional and marketing budgets. Tion capabilities lower production costs enabling projects to ted at one-third the cost of projects in the other music allows rec to recoup its investment and realize profits with a records is designed and created to produce and promote gospel recordings. Is at the helm of this record label, and brings affiliations and ished network in the christian music realm. Growing in strength over past years, christian music has become a profitable ive launching ground for new music and its associated labels will produce and release ts from each label in each of the first two years of operations. Phase consisting of sixteen productions for artist follow-up newly acquired artists will begin in late the course of 1997-1998, reed music's artist and ment will locate, assess and consider additional recording music has begun discussions with a variety of known recording are interested in signing with reed majority of the reed projects will be produced at brandy recorders, vegas. Additionally, each of rec's ents have a production background which will ensure the delivery y product on cturing & distributing. Plethora of options are available to satisfy rec's quality manufacturing and reproduction of compact disc, cassettes . A working relationship with these companies will allow rec to readily expose each of its ts to the world's largest music markets, while generating. It is crucial marketing plan for each new release is in motion several weeks product is completed in will employ multifaceted promotional strategies for its es including: hiring regional independent record promoters ng radio promotions, internet sites, broadcast videos, dance ions, in-store/co-op promotions and promotions to the general h print, video and television support the sales of pre-recorded music, reed video will produce e music videos for each album released by the company. Ations in the video sector of the industry allow the company e top quality video productions while minimizing budgets. At , music videos will be created for 3-4 songs on the album which released as "singles", as a prelude to the full e.
Reed music will contract with independent record promoters ace with radio station program directors and music video ors. Public relations firms will be hired to publicize and recording video & television is established initially to -recorded music products through the production of broadcast . Understanding and capitalizing on the close relationship and video entertainment will quickly propel rec's products ast music ng radio in terms of the most powerful promotional tool -recorded music sales, broadcast music videos are a crucial ensuring successful product launches. Videos will d to appeal to the target audience of the particular has created relationships with several firms for the production videos. Specifically, psb productions and lighthouse are two e production companies that have submitted demo reels and concepts to reed. Having pledged support of reed's mission,These companies have offered below market fees and full use of their ast music videos will be distributed to such networks as telereed,Bono, abcorp. Independent record and video promoters will be gain maximum air time and exposure for company videos and rmore, these promoters will work to gain exposure for videos -traditional music settings such as: bank lobbies, department stores,Airplanes, stadiums, retail establishments and other public third division of the company, reed ancillary will be responsible onal business opportunities related to the sale of . As the company grows and matures, diversification into e generating opportunities will occur through reed music will utilize its distribution network to allow for bution of projects for smaller, independent record labels. Partnerships companies will be dictated by the strength of company management,The quality of both their artist and product and the size of ing and promotion independent distribution division of the company will be sed over a three-year period with four independent projects buted in 1998, six projects in 1999 and twelve projects in 2000. Lucrative profit center for reed, merchandising opportunities will d upon and around company artists and products in concert venues outlets, t merchandise (t-shirts, sweatshirts, hats, programs, posters,Buttons, etc. Rec has onships with merchandise managers involved with many national ises and arenas around the merchandising strategies will be coordinated and planned with ance of advertising agencies and public relations firms. Nonetheless, rec will work to make inroads in company is preparing to design and release a line of reed casual wear,Including such items as shirts, hats and jackets. Distribution to mainstream apparel also be a related means to increase exposure for the company artists, reed and promote several live concert shows a month. Of the music industry'g large budgets for project production and marketing, companies have had to be more resourceful over the years. Furthermore, independents cannot the occasional "big hit" record, but rather ished and grown music catalogs to provide streams of growing a music catalog it is imperative to compile a reliable group s, who are dedicated to producing quality music. This enables y to steadily increase the number of unit sales for a over a two to three album recording companies frequently invest in independent labels ence in the company's roster and management exists. In gic alliances and joint ventures, the larger company may to: a) assist in completing album projects, b) manufacture and tapes and c) assist with marketing and promotion gh independent distribution channels (johnson, wallace and cordoba). Record business, which grossed two billion dollars in 1970,Exploded to four billion dollars in sales by the end of 1978, with a of 726 million records and cassettes sold. The chief marketing objective for rec's , video and programming products centers around the design entation of a strategy that will cost-effectively deliver t to the intended target will be achieved through a marketing plan consisting of the : publicity, community outreach, advertising, art direction, ion, independent promoters, broadcast music videos, touring,Retailer co-op advertising, motion picture tie-ins, alternate s, internet, dance club promotions, mailings & ing goals & that each project achieves and sustains a "top ten". On industry music e and promote four singles and accompanying music videos, on to each full length cd/cassette; creating revenue each album e rec's three phase marketing & promotion independent record promoters in each of four separate e teams of publicists to coordinate print advertisements, s' public t and assist non-profit organizations, charities, and te advertisement space for non-profits on all rec in rec's recording artists for participation -profit and implement music education programs for community ing/promotion ering the onslaught of product released to the music/video month (1,200 new releases) worldwide, it is crucial to ensure lity of each project. The marketing and promotion budget will be divided to fifteen-month campaigns, each consisting of three 1 begins with the creation of music videos for approximately from the new album project. Heavyweight medium for record so many changes occurring in the radio/video industries - the sale stations for tens of millions of dollars, for instance, along fragmentation of radio formats and escalating success of video,Promoters have been forced to realize that they are in a business and ore approach their jobs in a far more business-like manner than ional.
Bombarded by new song and es each month, program directors are inclined to assist those they are familiar and ndent music will utilize the services of outside radio promoters. Most independents lves and focus within a specific music music has created a network of independents who will be hired ace with radio stations. Measurable criteria will include some of the following: position obtained, number of weeks on the charts on which ied position was music's independent promoters will focus their efforts ion on reporting stations. A reporting station is one that /magazines and tip sheet publishers telephone each week to recordings were and are planned to be programmed. It is presented public in the form of a chart which shows such information as position, previous chart position, artist, record label, ast music promotion of pre-recorded music is inextricably bound to tv issions of music, including conventional tv, cable, pay-cable satellites. Sales are increased immediately when music is linked entertainment, whether the medium is a movie musical, a ast or a music video. Broadcasts and cable companies now of video shows, and their impact on record sales is clear; only increase record sales, they break new acts, and prolong the of new addition to canvassing radio stations, independent record also devote substantial time securing airplay for music ry tv and similar outlets guarantee huge national exposure, just radio. Reed music will place heavy importance on music videos,Considering the national and international reach of these networks. Public relations personnel ction with the artist's management will create and plan ional tours which will be directed toward the particular . Results from ties will provide crucial information in a timely fashion, company to tweek (re-mix) a recording if necessary. Furthermore, expects to increase sales by promoting music videos of new be played in the clubs. Talk" and hear the music on the radio are more inclined a music store to make a ising campaigns will concentrate on the types of exposure n designers have mastered in the realm of advertising. With a mass consumer product such as music, it is feasible to ied target segments by placing advertisements in mass -magazines and advertising will be cooperative with the store and reed . Y the high expense, several reed music releases will be pushed ad, thus pulling down the "cost-per-thousand" release. Reed will initiate print trying to coordinate advertising with the promotion of ances by a reed a pillar of the company, community outreach will play an integral both the company and artist positioning. To this end each reed be aligned with a specific charity or community ting the company's philanthropic desires, ipation will enhance public image while generating exposure e for chosen specifically, a page inside each compact disc will be devoted to y or non-profit organization. Furthermore, reed entertainment will lend additional these charities through corporate fundraising opportunities ons from company a crucial function, proper art direction can greatly enhance of a product, lending added power to the promotion and gies. This will minimize rec overhead maintaining the highest level of er/co-op ional distribution channels into music related retail rec the opportunity to reach retail outlets throughout the will closely coordinate product launches and utilize butor's clout with retailers to design specific enhancing advertising and marketing presence within ishments. These strategies will focus on isements, in-store advertising opportunities, print, radio sion co-op such strategy to be implemented once the company has several the market, will be presenting retailers with the opportunity to attractive reed aisle end-cap display in ishment. An established national network, this channel provides ent vehicle for the distribution of gospel and picture will submit songs to motion picture studios as an additional means e promotional support for company projects. Latest web site technology, rec's web site will be intended ise the company, announce and advertise new releases, sell ts and merchandise and offer e-mail communication. Furthermore,Utilizing the latest technology, visitors to the web site will be able music clips from rec's artists.
Management has secured name for the rmore, rec will create space on its web site for each artist the company. The success of this kind of -up will be based upon the suitability of the recordings mailed, already established rapport between our promoters and the radio/ promotion and marketing facets of the record business are vital 's overall success. 100 million of revenue for major record companies throughout his the creative side of the business, mr. Lever, a the johnson center, in the business school at the university of nevada,Provides rec with a wealth of tangible business lever - chief operating/financial hout the past several years, mr. He has worked with over sses in arizona, assisting with accounting and financial analysis as the creation of marketing and business plans. Working closely with ment of several russian service and manufacturing companies, assisted in creating marketing plans for companies which ed under the communist rmore, mr. Lever has honed and developed many of his business the general manager for a multi-location dry-cleaning ically, his duties included company-wide operations management,Financial services and franchise development. Clayton gorman provides an impressive blend of entertainment l business which will be instrumental in leading ocean. Currently, is the director of gospel music, for t-dog music, also located hout his career, mr. Todd richard has developed -faceted background with experience in finance and banking, on to comprehensive experience in the entertainment an employee with new sound productions (new york), mr. It was with ence that todd founded the salt group, a company which and theatrical productions. The company also manages ele in the genre of christian g in the realm of christian music, todd has developed a cadre ations. 000 units within the past five graduation from scom, manley honed his musical skills while ide and recording with various jazz groups. Cont has taught several high school music ing his proficiency with woodwind instruments to promote music to his experience in the jazz niche of the music market, manley ped a solid network of personal contacts with radio promoters,Musicians, producers, and executives. These affiliations are invaluable and will allow the company to make an instant impact in music following is a description of the key roles and ed to the daily operations of reed of the label vice presidents will be directly responsible for all functions within their particular label. Wherever possible le, staff will be shared between labels in an effort to ssary sible for selling the company's product to wholesalers ers. Include scouting for talent, locating songs,Pre-production functions such as providing creative input, ers, planning budgets, etc. Production functions such as , determining album sequencing of tracks, recommending singles,Monitor mastering and manufacturing, creating excitement within the & repertoire administration/production department handles the clerical aspects related to a&r ises various administrative activities. These e planning and monitoring budgets, examining studio bills, reports, ordering references and parts, collecting information copy and packaging, monitoring and reporting on contractual options,Copyrighting works for a single or album and obtaining department is primarily responsible for creating and ing campaigns, including developing marketing concepts, creating ing graphic art, creating editorial copy and designing. Point-of-sales" stimuli posters, banners and has developed a sound, conservative financial plan which provides rs, investors and employees the opportunity to lize. The following paragraphs provide valuable details and the figures which comprise the ial goals & e overall positive cash flow within the 1st quarter of required financing through private placements throughout ze the aging of accounts advantage of prompt payment discounts offered by in a net profit percentage of 25% beginning in or beat target budgets for project production, promotion ate overhead se the manufacturing cost per unit (cds) to under $h volume conservative projected sales l required fiduciary responsibilities to investment e interest payment to holders of debentures (12. 13% dividend to investors holding preferred on the company to allow investment partners, founders ees the opportunity to financially capitalize on reed'in balance sheet attractiveness for potential iers and to typical industry financial to all required federal and state laws in all aspects of ute an employee profit sharing financial rationale accurately describe the various assumptions se the pro forma income statements, statements of cash flow e sheet.
In all cases, these assumptions follow a will generate the majority of its revenue from the sale -recorded music product. Initially than 5% of the company's revenues, the magnitude and scope areas will increase as reed and its artists' of goods sold is comprised of: artist/producer royalties, ies and product manufacturing (cds, cassettes). The majority of -recorded music product will be stored with the manufacturer d directly to the distributor's fulfillment/s. Onships and affiliations in the industry enable reed to produce ts over a ninety-day period, for approximately half the typical by a major label record company. Video masters, s/copyrights, zational expenses, ities and stockholders' ing line of t portion of current stockholders' t production following budget addresses all relevant costs involved with album project. Guest performers & production hed three bedroom apartment, see income for apartment, catering, transporting artists and advance/artist wages. 250 per/artist per/ documenting computer, midi, recording and mix for activities in order to keep accurate records of time for e of financial prudence and the keeping of the labor codes american federation of musicians and the american federation sion and radio musicians/studio ed lead ed lead of digital master digital audio -audio cassette 1/2" analog fees for mixing k/photos/cd k (compact disc cover, booklet, disc). Line of cash flow from flow from investing se of equipment, ts of patent/copyright t of production t of long-term ts of organizational cash flow from investing flow from financing ings on long-term ts on long-term ent of line of of common of preferred se of cash flow from fin. Line of cash flow from flow from investing se of equipment, t of patent/copyright t of production t of long-term t of organizational cash flow from flow from financing ings on long-term ts on long-term ent of line of of common of preferred se of cash flow from , end of the ted statement of cash , beginning of the income (after taxes). Increase) in ca, decrease in ing line of cash flow from flow from investing se of equipment, t of patent/copyright t of production t of long-term t of organizational cash flow from flow from financing ings on long-term ts on long-term ent of line of of common se of cash flow from , end of the ted balance ty and equipment. Video masters, s/copyrights, zational expenses, ities and stockholders' ing line of t portion of long-term current ed earnings, sotckholders' ven/profit following calculations determine the breakeven point in units projected production, and marketing expenses. Production production marketing & promotion marketing & promotion production/marketing production/marketing cturing expense, cturing expense, e less e less /producer royalty, 11%. A professional, well-written business plan is the best place to start when setting up your own independent record to start your own independent label? Find out more about record label in a business plan should set realistic goals, address any issues early on, and develop a clear path for the future of your record label. A solid business plan is also essential when you come to secure loans or new investment in the what should you include in a record label business plan? For starters, it should include:An overview of your business you’ll earn/spend potential you’ll measure ’ve created a free-to-use record label business plan template, to help budding entrepreneurs get started writing their plan. You can access the template below, but before you dive in, you can scroll down a little further to learn more about some of the topics you’ll need to record label business plan your free record label business plan ant: this link will take you to our 'view only' business plan on google docs. To create your own editable sure you're using a desktop computer to easily view & edit the to start a record should a business plan for a record label include? Make sure to sell yourself and demonstrate your ’ll need to write an executive summary – in other words a short, inspiring pitch designed to showcase and create interest in your business. Your opportunities could be any events or deals you’ve already secured, while threats could be strong competition from other labels, or a limited music scene in your local area. You’ll want to plan at least 1 to 3 years ahead, explaining your fundamental goals and how’ll you achieve ’s also important to demonstrate how you’ll measure your achievements by identifying your key performance indicators (kpis). Will you be taking on any staff or partners to help you run the business?
If you already have a financial history, make sure to set it out clearly and make realistic projections for the term, short term & contingency plan. Good way to sum up your business plan is with a short-term, long-term and contingency plan, to demonstrate foresight and the ability to adapt to new challenges. Print out your plan and present in an eye-catching folder or tand your marketdemonstrate a clear understanding of the music industry and your target market. Your financeswhether you’re in it for the money or not, understanding your financial limitations and objectives is extremely important, especially if you’re hoping to grow and develop your label, or attract investment now or in the ’t forget to access the free record label business plan template above and get started writing your own business you have any questions about your business plan we’ve not covered here? Let us know in the comments and we’ll get to back enable javascript to view the comments powered by introduction to music royalties in the it worth playing open mic nights? Must-have apps for musicians and to make beats: the to reach more fans with your facebook band to record drums on a a music video: how to commission a director.