The retail record industry is dominated by a few large corporations. 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. 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. 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. This plan for a record company is quite detailed. If YES, here is a complete sample record label business plan template & feasibility report you can use for FREE. We will also ensure that our excellent music production / top class music speaks for us in the market place; we want to build a standard record label company that will leverage on word of mouth advertisement from satisfied clients / artists. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. 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. If the music is good it wouldn’t be too long before it trends on a global stage. Helps to decide the order the songs will play in throughout the album (i.e. We have been able to critically examine the business consulting market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The global revenue of the music industry is estimated at 15 billion U.S. dollars in 2013, and that is about the lowest revenue recorded since 2002; of course it is an indication that the record label industry needs to become more creative and leverage on the changing tides in the world of technology. Hood Records is a new, Portland, Oregon based record label. Below are the platforms we intend to leverage on to promote and advertise our record label company; Here is some of the key equipment and musical gadgets that we would need to set up our record label company; The cost of setting up a recording label company to a larger extent has reduced from what it used to be; many thanks to the advancement of technology and perhaps the internet. My business plan is to set up a music record label (7th Records) that will be based in Lagos, the capital of Nigeria. We will work towards becoming one of the largest managers of reigning musical artist in the United States of America and other parts of the world with musical album hits back to back in the music industry. Avalon is perhaps our best bet and we can get it for about $2500 or less. Did you know that even if you do not have an appealing voice to sing and make money that you can still make money from the industry? We know that if we implement our business strategies, we will grow our record label / music business beyond New York City, New York to other states in the U.S in record time. Once the album is ready, then the marketing team will go out to market and promote the album, Identifies, prioritizes, and reaches out to new partners, and business opportunities et al. No doubt, hourly billing for music studios is a long – time tradition in the industry. Next, provide an overview of each of the subsequent sections of your plan. Understand your market. Essentially, this is the area we are looking towards spending our start – up capital on; Going by the report from the research and feasibility studies, we will need about $300,000 to set up a small scale but standard record label company in the United States of America. 12 stereo pairs minimum. The company plans to produce artists on four separate record labels. Our business goal is to grow our record label to become one of the top 10 record label company in the United States of America, which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the U.S but in the world stage as well. Explain to them the type of record label business you are operating and the status; for example, are you a startup or do you have a record label that you would like to grow. Fearless is a record label that strives to create equal opportunity for female artists in the music industry. Watch Queue Queue Record Label Business Plan Sample >> Essays cheap Totally went above and it was accepted without papers with unique record label business plan sample Positive reviews in the for free. They’ll be in business. Thank you for purchasing the Record Label Business Plan Template. Many thanks to the internet that has made the world a global village. Below for a sample record label business plan. Part of what the business consultant did was to work with the management of the company in conducting a SWOT analysis for Dexterity® Record Label Company. The company’s main focus is in finding and developing, marketing and promoting female artists and their products. We are mindful of the fact that there is stiffer competition amongst record labels in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing. 8% of the sales are controlled by Indie record labels, a less commercial version of the large corporations. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. Responsible for sourcing for music talents and grooming them, Responsible for coordinating music tours for the company, Assists in writing music lyrics for music artists, Handles any other responsibility as assigned by the Chief Executive Officer. We are aware of this which is why we have decided to offer a wide range of music services and also to work with both upcoming music artists and well established music artist. They are the group of people that are that are ready to music career. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. All it takes to gain recognition in the music industry is to nurture a world – class music artist under your label. From past experience, no artist wants to sign a contract that will enslave them. Christians generally will prefer gospel music, older people naturally prefer countryside music and highlife, youths prefer pop, reggae, rhythm and blues et al. Our intention of starting our record label company is to make profits from the music industry and we will do all that is permitted by the law in the US to achieve our aim and ambition. 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.
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