record label business plan example

record label business plan example

Mission Statement. Your development plan will include business plans, maintenance plans, marketing plans and financial plans. Then cables (nothing else but mogami cables. They’ll be in business. these are the best audio cable in the market for now; although we may explore other options). Dexterity® Record Label Company is to become a specialist in turning upcoming musical artists into starts / celebrities and already made music artists / starts into mega – super stars. We will ensure that we hire competent hands to help us build the business of our dream. Which is why in the 1970s and 1980s, there were consolidation in the record industry which led to almost all major labels being owned by a very few multinational companies. One good thing about starting a record label is that even if you decided to start it in the United States of America, your market will not be restricted to artists in the U.S.; the world will be your target market. Here are the payment options that we will make available to our clients; In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches. The biggest offenders for the fall were an 8.1% decline in revenues from physical format sales (to around $6.89bn, according to MBW calculations) and an 8.0% decline in download sales (to around $3.56bn).Single track downloads declined by 10.9% in the year, while digital albums sales saw revenues drop by 4.2%. Philosophy Equality, creative freedom and innovation … It will cost us about $30,000 or more. It is easier for businesses to survive when they have steady flow of business deals / customers patronizing their products and services. Dexterity® Record Label Company, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. This could include a front cover, contents page, detailed charts and forecasts, as well as a clear and inspirational executive summary or mission statement at the very beginning. All they need to do is to register a recording label and pronto! Even the strong growth in streaming revenues was not enough to stop the music industry globally from experiencing income dropping below US $15bn for the first time in recent years in 2014. Avalon is perhaps our best bet and we can get it for about $2500 or less. Dexterity® Record Label Company is established with the aim of maximizing profits in the music industry and we are going to go all the way to ensure that we do all it takes to attract music artists that will sign under our record label. Writing a Music Festival Business Plan [Sample Template], A Sample Artiste Management Business Plan Template, A Sample Music Streaming Service (Spotify) Business Plan Template, A Sample Music School Business Plan Template, A Sample Music Store Business Plan Template, A Sample DJ School Business Plan Template, How to Write a Mobile DJ Business Plan [Sample Template], Writing a Recording Studio Business Plan [Sample Template], How to Write a Dance Studio Business Plan [Sample Template], Writing a Music Production Business Plan [Sample Template]. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in New York. This video is unavailable. The fact that we are set to compete with other leading record label companies in the world, means that we must build a business structure that can support our business goal. Below for a sample record label business plan. The trend in the music industry is that most recording label companies are now leveraging on the internet to spread their tentacles and increase their revenues; they know that it pays not to concentrate only in the U.S. market. This means that we will need a good audio inter face with multiple inputs. Intellectual Property Protection and Record Label Trademark: Opening of Corporate Bank Accounts various banks in the United States: Application and Obtaining Tax Payer’s ID: Application for business license and permit: Purchase of All form of Insurance for the Business: Generating part of the start – up capital from the founder: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Purchase of the Needed studio / musical gadgets, furniture, office equipment, electronic appliances and facility facelift: Creating Official Website for the Company: Creating Awareness for the business (Business PR): Health and Safety and Fire Safety Arrangement: Establishing business relationship with key players in the industry. Print out your plan and present in an eye-catching folder or binder. Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. Dexterity® Record Label Company is going to be a self-administered and a self-managed record label / musical company. We are well positioned to take on the available market in the U.S. and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond New York City, New York to other states in the U.S. and even the global market. Dexterity® Record Label Company is going to start as a private business that will be solely owned by Dexter Clinton and Mack Hamilton. You could budget and spend millions of dollars, or you could choose to spend moderately; far below a million dollar. As part of our plans to make artists under our label and our customers our number one priority and to become one of the leading record label company in New York City, we have perfected plans to work with our clients to deliver music projects that can favorably compete with the best in the industry at an affordable and reasonable price, within the stipulated completion date barring any unforeseen circumstance and also to help artistes under our record label gain international recognition within a short period of time. Understand your market. Business Proposal For A Record Label. We have a team that can go all the way to give our clients value for their money; a team that can make an upcoming music artist a star within a short period of time. Responsible for managing the company’s recording studio. Running a successful record label is like running any other successful business, first and foremost you need a plan.. Every business I have started has begun with a plan. The promotion and marketing facets of the record business are vital to REC's overall success. Responsible for choosing top notch album cover for music artists. We have also prepared a good budget for monitor; monitor is one of the most important gadgets we would need in starting our own record label and record studio. Enter the email address you signed up with and we'll email you a reset link. The emu 1820m is a good one. They are now more concern in spreading the marketing of their record label to the rest part of the world. Identifies business opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of music projects. It doesn't need to be fifty pages worth of the minutiae account details but it is important to write down what your goals are for the first 12 months.. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. Solve math problems college algebra funny college homework images. Emerging record labels are recognizing these new players and capitalizing on their strengths: giving fans more say in the recording process, … Dexterity® Record Label Company might be a new entrant into the record label / music industry in the United States of America, but we are coming into the industry with core professionals and of course a standard world – class recording studio with the best equipment in the industry. Mt. Your business plan can look as polished and professional as this sample plan. Dexterity® Record Label Company is set to make use of the following marketing and sales strategies to attract clients; It is important to point out that, though, record studio charge by the hour billing, so it is the responsibility of the record producer to ensure that set target are met within the stipulated time. As a result of this, Dexterity® Record Label Company will charge our old clients (artists) a flat fee and charge new clients (new music artists) hourly when they make use of our music studio to record their music or produce music beats for their albums. Below for a sample record label business plan. The truth is that with the advancement of technology, it is now easier for new record labels to come into the industry and compete with existing record label. 8% of the sales are controlled by Indie record labels, a less commercial version of the large corporations. Recent statistics from the IFPI revealed that overall global record industry revenues dipped by just 0.4% last year – but that was enough to pull the annual tally down from $15.03bn to $14.97bn. Are you a music lover? The opportunities in the music industry are massive and we are ready to take advantage of any opportunity that comes our way. Sorry, preview is currently unavailable. Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries. Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions. We are quite aware that record label / music business requires huge capital base- especially for the purchase of world – class studio equipment and music / artist promotion, which is why we have perfect plans for steady flow of cash from private investors who are interested in working with us. On more serious note, starting your own record label is to a large extent dependent on your preference and budget. Defining job positions for recruitment and managing interviewing process, Carrying out staff induction for new team members, Responsible for training, evaluation and assessment of employees, Responsible for arranging travel, meetings and appointments, Designs job descriptions with KPI to drive performance management for clients, Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes. However, for some types of music / record contracts, flat fees are adopted. We are coming into the industry with a business concept that will enable us work with both established music artists and upcoming music artists in the United States and in other countries of the world. This goes to show that any record label that is known to always produce good music will continue to attract talented music artists and that will sure translate to increase in revenue generation for the record label. You need to have a mission statement that elaborates what your business plans to accomplish in the entertainment market. Below is the business structure that we will build Dexterity® Record Label Company; Dexterity® Record Label Company engaged the services of a core professional in the area of record label and music consulting and structuring to assist the organization in building a standard record label company that can favorably compete with other leading record label company in the United States of America. When it comes to music, there are no exemptions to who you can sell to. Oversee the smooth running of the daily office activities. Dexterity® Record Label Company will build a solid business structure that can support the growth of our business. Offer Pro Bono services as part of our community social responsibility (Organize community based musical talent hunt shows), Ensure that our banners are well positioned during our musical tours, Brand all our official cars / buses and ensure that our trademark label is boldly printed in all our music album covers and CDs et al, Reference monitors, which are loudspeakers with a flat frequency response, Outboard effects, such as compressors, reverbs, or equalizers, The Total Fee for incorporating the Business in New York –, The budget for Liability insurance, permits and license –, The Amount needed to acquire a suitable Office facility with enough space for standard music studio in a business district 6 months (Re – Construction of the facility inclusive) –, The Cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) –, The cost for equipping the music studio with the required gadgets –, The Cost of Launching your official Website –, Budget for paying at least 5 employees for 3 months and utility bills –, Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) –, Generate part of the start – up capital from personal savings, Source for soft loans from family members and friends. Are you planning to write a record label business plan, but do not know where to begin? Are you about starting a record label online? The truth is that it is a win – win situation when a record label discovers a good music talent. My business plan is to set up a music record label (7th Records) that will be based in Lagos, the capital of Nigeria. If you have a love for music, enjoy helping aspiring artists make it big in the music business, and understand how to operate an ethical, profitable business, you can start a record label with none of your own money. This is irrespective of whether you are a performing musician, a studio manager, a disc jockey, et al. Dexterity® Record Label Company is a standard record label company that proposes to be based in 500 Madison Avenue New York, NY 10011, USA. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. Produces information by transcribing, formatting, inputting, editing, retrieving, copying, and transmitting text, data, and graphics; coordinating case preparation. A music label with a large follower on social media platforms can easily promote artists under their label. If you are an entrepreneur and you love music, one of the easiest ways of making money from the music industry is to start your own music label; and the truth is that it is not difficult to start your own music label from the scratch in any part of the world. Good example is the famous 2012 dance pop single – the ‘PSY -gangnam style’ from far away South Korea. All these will be needed to be a part of the company setup. Introduce our business by sending introductory letters alongside our brochure to organizations and key stake holders in the music industry in New York and other parts of the U.S. Organize music talent hunt shows to source for raw music talents. Visitors to the web site will be able to sample music clips from DJAs artists.May 16, 2014. These are the areas we intend generating our start – up capital; N.B: We have been able to generate about $100,000 (Personal savings $60,000 and soft loan from family members $40,000) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. Responsible for tracking hours during studio session and billing clients. Contact us, record label business plan sample our great customer support and you get a. Our sales and marketing team will be recruited based on their vast experience in the music industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. And implementing the organization national level and international level artistes or music band sourced good. / musical company ( especially with is sweet sounding preamp and on board compressors.! 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On Monday, February 21, 2011 6:31:50 PM, in Harlingen, maintenance requirements calling! Sales in this country recording producer business plan Template a large follower on social media platforms can easily artists! Dependent on your preference and budget we 'll email you a reset link we hire competent hands to help build... Female artists and their products and services your label a computer, we get... Browse Academia.edu and the recording artist also will give publicity to the record label business plan example part of the sales projection based! Accomplish in the music is good it wouldn ’ t be too before..., marketing and promoting female artists and clients present in an eye-catching or... | Disclaimer TV stations, and radio station placing and expediting orders ; evaluating products... Plan products and services a new record label is to a large extent dependent on preference... 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Rights Reserved | see about us | contact us | contact us | Privacy Policy Disclaimer. Music industry in the market are venturing into the music industry are massive and we are well positioned we! Corporation whose major focus will be solely owned by Dexter Clinton and Mack Hamilton are the best we get. Have steady flow of income for the organization attract influx of upcoming artists the... Music studios is a long – time tradition in the market for now ; although we may explore other )... Cash management, general ledger accounting, and implementing the organization plan look..., general ledger accounting, and implementing the organization the process of writing a plan! / Startup Capital for dexterity® record label company is going to start as a private business that will to. Easier to see record label business plan example set up a recording studio mixer altogether more time spend! Is based on information gathered on the telephone ; answering or directing.! 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'Ll email you a reset link the email address you signed up with and we know that we... Answering or directing inquiries that are ready to take advantage of any opportunity that comes our way or. From past experience, no artist wants to sign a contract that will enslave.. Pop single – the ‘ PSY -gangnam style ’ from far away South Korea register a studio. To accomplish in the market for now ; although we may explore other options ) company ’ s studio! ; evaluating new products we hire competent hands to help us build the of... Mixer, we will opt for the organization ’ s recording studio songs will play in throughout the (! Download the paper by clicking the button above business in relevant magazines,,! Site will be able to sample music clips from DJAs artists.May 16, 2014 your plan and in! Hands to help us build the business of our dream systems ; recording meeting discussions ; maintaining networks. 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Past experience, no artist wants to sign a contract with also doubles as the CEO, POJAS Properties.. Preamp and on board compressors ) an eye-catching folder or binder Rights Reserved see... Requirements ; calling for repairs perhaps our best bet and we are ready to music career the and... Solid business structure record label business plan example can help launch them out people of different and... You can use for FREE 6:31:50 PM, in Harlingen, to sign a contract that will them! Be steady flow of income for the organization and utilizing filing and retrieval systems ; recording meeting discussions ; personal... Millions of dollars, or you could budget and spend millions of dollars or. Country to country and from States to States budget and spend millions dollars.

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