Okay, so we have considered all the requirements for starting a music production business.
The business operates to promote several Portland based bands, all with the common element of improvisation.
Industry Analysis The retail record industry is dominated by a few large corporations. Most labels take the shot gun approach to sales. They sign up lots of different bands and hope a few make it big. On the bands that are a commercial success, there are huge windfalls of profit to be made by the record corporations.
The Indie labels are similar, however, they are a bit more selective and do not always go for the most commercially viable bands. Products and Services Mt. Hood Records is a Portland based record label for a select group of Portland based bands.
Hood Records has adopted the business philosophy that for long term sustainable growth it will be more successful for the label to sign up just a few bands and promote them equally than to sign up a bunch and hope one is a commercial success, enough to float the rest of the bands.
This approach is quite appealing to a few bands. It provides the bands with the intimate and specialized focus of the label. The Business Model In order for this record label to succeed, a lot of sweat equity will be required will little to no revenue stream for the first year.
For many businesses this is quite difficult to swallow. Hood Records it helps that these realistic expectations have been established up front, and will not be an unwelcome future surprise. Additionally, the investors friends and family are aware of these parameters and have given their blessing.
It will take a lot of work to pull this off, but with reasonable expectation up front and the right management to execute on the business model, it will happen.
Hood Records has been founded and will be run by Hillary MacQuilliams. Hillary is a veteran of the music industry. Immediately after college Hillary went on tour with her own band South. To support this month-long regional tour, Hillary and the band started their own record label to release a studio CD for themselves.
Hillary recognizes that this experience was not an earnest attempt to make a record label work. It was more of a novelty to have started a label and released their own CD. After the tour the band broke up and Hillary enrolled into law school.
At graduation, law jobs were extremely difficult to come by. After no luck in her job search, Hillary began to consider something in the music industry because of her passion for music.
She began doing research and developed a business model that could, in the long term, be sustainable by developing a local, exclusive record label. This was the beginning of Mt. Sign at least five groups within the first three years.
Reach profitability within three years. Hood Records has been established to promote its bands and at the same time make a fair profit. Do not sign up too many bands, otherwise the effectiveness of promotion will be diluted. Work hard and have fun. Get the entire sample plan and everything you need to customize it for your business.
Download Business Plan Pro today! Purchase Business Plan Pro today and get Magazine and free business planning ebooks.Music Business General Information 1 General Questionnaire 5 Songwriters General Information 7 Record Keeping 8 Examination Plan 8 Audit Issues 9 Songwriters Questionnaire 11 Publishers General Information 13 Record Keeping 13 Examination Plan 14 Audit Issues 14 This music industry handbook will give the user an overview of .
Mt. Hood Records is a start-up home business that aims to become Portland's premier regional recording label. They will represent and promote local bands, produce, and distribute and retail music CDs. Edit this music recording producer business plan business plan to fit your business.
Make sure that you. are writing a business plan which best reflects you as an artist and your music. Just a reminder: Your business is your music, your band and all of the promotion. and marketing that you do for yourself so that you are successful in this industry.
GMT music recording studio business plan pdf - A business plan will help you to make the right projections for your recording studio business music recording producer business plan executive summary.
Mt. Hood Records is a start-up home business that aims to become Portland's premier. NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA MBA PROFESSIONAL REPORT Business Plan for the JABEZ Records By: .
If you are looking for a sample music studio business plan template, here is a business plan for starting a music recording producer business and free.