The remaining 5% is a hodge podge of record labels. record label business plan sample pdf 150, and if you plan to employ a public relations PR company, you should set.Create a business plan to start your new entertainment production company. And then all other things would fall in place as it were. Responsible for handling high profile clients and deals, Responsible for fixing prices and signing business deals, Responsible for signing checks and documents on behalf of the company, Evaluates the success of the organization, Responsible for drawing up contracts and other legal documents for the company, Advise artists and the organization accordingly before signing any musical artists under the company’s label. 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. They are now more concern in spreading the marketing of their record label to the rest part of the world. When it comes to acquiring a computer, we just have to budget for high end computer designed for such purpose. Mt. We will ensure that we give all artists under our label good value for their money, time and talent; these are part of what will count as a competitive advantage for us. Academia.edu no longer supports Internet Explorer. In the early years of the recording industry, record labels were just the leverage any music artistes need to become successful in the music industry. Responsible for recording and producing music and jingles for music artists and clients. 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. 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. Technology and the internet which of course is a major tool for the advancement and gains achieved in the music industry can also poses a threat to the industry. Dexterity® Record Label Company will be owned majorly by Dexter Clinton and Mack Hamilton. Your business plan can look as polished and professional as this sample plan. 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. Below for a sample record label business plan. The music label will help promote the recording artist and the recording artist also will give publicity to the record label. They’ll be in business. Then cables (nothing else but mogami cables. 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. 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%. Basically, it is not expensive starting a record label company in the United States of America. At Dexterity® Record Label Company, we will keep our fees below the average market rate for all of our clients by keeping our overhead low and by collecting payment in advance. Monday the 23rd Matthew. Mission Statement. Record Label Marketing offers a comprehensive look at the inner workings of record labels, showing how the record labels connect commercial music with consumers. This has been written based on our experiences with the plan proving to be successful for a labels growth and development. Understand your market. Record label business plan financial projection sample sources of income 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. The development led to CDs production to flow through a handful of sources, with the majority of the sales going through the “big three” record labels. Statistics has it that in 2013 the three largest markets in the music industry, measured by the revenue they generated were the united states of America, Japan and Germany. Record label business plan sample. What Does It Take to Start a Record 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. 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. The company’s main focus is in finding and developing, marketing and promoting female artists and their products. Are you a music lover? Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Responsible for managing the company’s recording studio. 8% of the sales are controlled by Indie record labels, a less commercial version of the large corporations. As a new record label company, it might take some time for our organization to break into the market and attract some well – established music artists to sign under our label; that is perhaps our major weakness. The promotion and marketing facets of the record business are vital to REC's overall success. Sources of Income; 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. We have been able to work with brand and publicity specialist to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. 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]. Oversee the smooth running of the daily office activities. Facilitates and coordinates strategic sessions. A music label with a large follower on social media platforms can easily promote artists under their label. 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. Well, there is no need to worry. Take for example a grant proposal created by an individual or an entity to convince an institution to fund a project to address issues in a community. Sample business plan for a record label. Hood Records music recording producer business plan products and services. You could budget and spend millions of dollars, or you could choose to spend moderately; far below a million dollar. But Euphonix is great (especially with is sweet sounding preamp and on board compressors). Thank you for purchasing the Record Label Business Plan Template. Record Label Business Plan Template Important: This document is uneditable, so you’ll need to create a copy in order to use this template as a guide and edit it for your own business plan. Our mission as a record label is to build a business that will help our clients achieve their highest dreams within the shortest time possible and to be listed amongst the top 10 record label companies in the world. 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. Those who already have a thriving business in the musical scene know that talent is very key in making it big. In addition, we will also offer special discounted rates to start – ups, nonprofits, cooperatives, and small social enterprises who engage our services to help to produce musical jingles for advert purposes. It will be a corporation whose major focus will be to capture the very talented but financially handicap artists/bands. The factors that is responsible for encouraging entrepreneurs to start their own music recording label is the fact that they can easily become an instant celebrity on the global stage if they can successfully produce a world class music artist. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Dexterity® Record Label Company; Our core strength lies in the power of our team and the state of the art music studio equipment that we have. Our aim of starting this business is to work in tandem with both established and upcoming music artist in the United States of America and other countries of the world to help to launch their musical career or take their musical career to the next level as the case maybe. It is easier for businesses to survive when they have steady flow of business deals / customers patronizing their products and services. 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. Dexterity® Record Label Company will generate income by offering the following services; One thing is certain when it comes to music; music never dies and the demand for good music will continue to grow. Avalon is perhaps our best bet and we can get it for about $2500 or less. Helps to decide the order the songs will play in throughout the album (i.e. Visitors to the web site will be able to sample music clips from DJAs artists.May 16, 2014. Responsible for choosing top notch album cover for music artists. The Record Company Music Label business plan startup and operating course, provides an extensive set of template, example and sample documents for starting and running a Record Company Music Label business and contains lectures on how to customize them. 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. For example, give a … Generating Funding / Startup Capital for Dexterity® Record Label Company. For mixer, we will opt for the Euphonix or any other brand of our choice. Below is the sales projection for Dexterity® Record Label Company, it is based on the location of our business and other factors as it relates to record label start – ups in the United States; N.B: This projection is done based on facts and figures that are obtainable in the music industry. 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. This video is unavailable. If the music is good it wouldn’t be too long before it trends on a global stage. This plan for a record company is quite detailed. 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. State University is becoming the first one that knowing that your paper everything they comprehend. List our business on yellow pages ads (local directories), Attend relevant international and local music expos, seminars, and concerts et al, Create different packages for different category of music artists (clients) in order to work with their budgets and still produce top notch music for them, Leverage on the internet to promote our business and to sell or music, Encourage word of mouth marketing from our loyal and satisfied clients, Place adverts on both print and electronic media platforms, Sponsor relevant TV shows and radio programs, Maximize our official website to promote our business. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. Responsible for developing and managing financial systems and policies, Ensuring compliance with taxation legislation, Handles all financial transactions for the company, Serves as internal auditor for the company, Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level, Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services, Manages administrative duties assigned by the manager in an effective and timely manner, Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. ... Mt. Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products. Dexterity® Record Label Company will at all times demonstrate her commitment to sustainability, both individually and as a record label, by actively participating in our communities and integrating sustainable business practices wherever possible. Record Label Business Plan – Financial Projection Sample. This means that we will need a good audio inter face with multiple inputs. Responsible for overseeing the smooth running of HR and administrative tasks for the organization. All it takes to gain recognition in the music industry is to nurture a world – class music artist under your label. 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. 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.. Most labels take the shot gun approach to sales. FirstBrilliant Pop RecordsGroup is a new Record Label, concept , Record Label business. Are you about starting a record label online? Different genre of music appeals to different group of people. Part of the factors that can influence the start – up cost of a record label is the amount needed to rent or lease a facility, the cost of the equipment you would need and the money needed to brand your business et al. 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. Dexterity® Record Label Company will build a solid business structure that can support the growth of our business. LABEL MARKETING PLAN Below you will find a brief marketing plan devised for record labels who release consistent releases. When it comes to purchasing microphones and head phones, we will go for Neumann u87; it will cost us about $2000 or more. 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. Home〉Business Plan〉Record Label Business Plan Template Free By Luella W at September 21 2020 17:47:24 When you sit down to compile all of the elements of your business plan, make sure you have each section able to stand on its own merits. Over and above, our target market cuts across people of different class and people from all walks of life. 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. Responsible for mixing and producing beats and sounds for our clients; mix the songs into the final version for the music album. When you set up the structure and take the time and steps to put those plans in place from the beginning, you will have a … Identifies business opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of music projects. Here's is How to Write a Business Plan BUSINESS DESCRIPTION. It is easier for a record label to attract influx of upcoming artists if the record label is well established and recognized. Business Proposal For A Record Label. We have made provision for a Yamaha monitor; it is simply one of the best we can get in the market. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. The Evolution of Business Models and Marketing Strategies in the Music Industry, NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA MBA PROFESSIONAL REPORT Business Plan for the JABEZ Records, Selling Out: Musicians, Autonomy, and Compromise in the Digital Age, The forms of value creation in music intermediaries-Intermediation and disintermediation in the music industry. to ensure accurate and helpful information is supplied to clients when they make enquiries, Receives Visitors / clients on behalf of the organization, Receives parcels / documents for the company, Handles enquiries via e-mail and phone calls for the organization, Handles any other duties as assigned my the line manager. 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. All they need to do is to register a recording label and pronto! 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 $200,000 from our bank. However, for some types of music / record contracts, flat fees are adopted. We will ensure that we hire competent hands to help us build the business of our dream. But when it comes to sourcing for recording artist to sign on to your record label, you will probably get a good catch from the 16 – 35 age bracket. Ensures operation of studio equipment by completing preventive maintenance requirements; calling for repairs. The following steps will guide you through the process of writing a business plan. We have been able to critically examine the business consulting market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. They are the group of people that are that are ready to music career. Philosophy Equality, creative freedom and innovation … Works directly with clients in a non-advising capacity, such as answering questions, scheduling appointments and making sure all training concerns are properly taken care off. If YES, here is a complete sample record label business plan template & feasibility report you can use for FREE. The level of competition in the record label industry is on the increase as the years roll by. In between the sentences you will find sections such as [$xx.xx] or [Name] etc. Record label that are just starting out would have to go out there to search for music talents that can help launch them out. Performs cash management, general ledger accounting, and financial reporting for one or more properties. Part of the team responsible for selecting the songs that will be promoted and the songs that will be sold as singles. Our key sustainability and expansion strategy is to ensure that we only hire competent employees, create a conducive working environment and employee benefits for our staff members. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in New York. 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. Provides historical reference by developing and utilizing filing and retrieval systems; recording meeting discussions; maintaining transcripts; documenting and maintaining evidence. 8+ Music Business Proposal Templates – Sample, Examples Proposals are carried out to achieve a certain objective or goal. From past experience, no artist wants to sign a contract that will enslave them. This is irrespective of whether you are a performing musician, a studio manager, a disc jockey, et al. 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. Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments. 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. This Template is designed in professional business plan format and includes components such as a MISSION STATEMENT, EXECUTIVE SUMMARY, COMPANY DESCRIPTION , INDUSTRY ANALYSIS , MARKETING & PROMOTION, THE FINANCIAL PLAN and much more. these are the best audio cable in the market for now; although we may explore other options). Make your plan look and feel professional. The business proposal for record label document is a plan that shows how you can make money with a record label that signs, records, and promotes new acts, typically within one or two defined musical genres and within one region of the world. Dexterity® Record Label Company is a standard record label company that proposes to be based in 500 Madison Avenue New York, NY 10011, USA. Record labels provide an opportunity for musicians from all genres to showcase their vocal and performing talents. Well it is important to note that most upcoming artistes or even establish artists ensures that they engage the services of an entertainment lawyer to help them negotiate the terms and condition of the contract. Owning a record label is basically about helping recording artists release their music album or singles to the general public and the process starts with agreeing on a deal or contract and then writing out the music lyrics before entering the studio to start work. Good example is the famous 2012 dance pop single – the ‘PSY -gangnam style’ from far away South Korea. This duo have been able to cut their teeth in the musical industry both at national level and international level. 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