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. FirstBrilliant Pop RecordsGroup is a new Record Label, concept , Record Label business. 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. We know that if we continue to produce hit songs and albums, there will be steady flow of income for the organization. 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. This is why upcoming artistes or music band sourced for good recording label to sign a contract with. All they need to do is to register a recording label and pronto! 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. 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. 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. Print out your plan and present in an eye-catching folder or binder. It will be a corporation whose major focus will be to capture the very talented but financially handicap artists/bands. 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. LABEL MARKETING PLAN Below you will find a brief marketing plan devised for record labels who release consistent releases. The music label will help promote the recording artist and the recording artist also will give publicity to the record label. They are the group of people that are that are ready to music career. 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. 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. On the alternative, we can choose to go for purely digital and skip the mixer altogether. Provides historical reference by developing and utilizing filing and retrieval systems; recording meeting discussions; maintaining transcripts; documenting and maintaining evidence. The following steps will guide you through the process of writing a business plan. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. Record label business plan sample. For example, give a … Responsible for providing direction for the firm. Thank you for purchasing the Record Label Business Plan Template. It is easier for a record label to attract influx of upcoming artists if the record label is well established and recognized. Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products. 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. 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. 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. Record Label Business Plan – Financial Projection Sample. These days it is now easier to see people set up a recording studio in their house. Dexterity® Record Label Company will be owned majorly by Dexter Clinton and Mack Hamilton. The fact that revenue is nose – diving in the industry does not in a way stop some record label from declaring profits year in year out. In between the sentences you will find sections such as [$xx.xx] or [Name] etc. Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook ,Twitter, LinkedIn, Badoo, Google+ and other platforms (music online forums) to promote our business. 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. 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. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in New York. The truth is that it is a win – win situation when a record label discovers a good music talent. 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. 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. 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. They’ll be in business. 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. Different genre of music appeals to different group of people. The remaining 5% is a hodge podge of record labels. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Make your plan look and feel professional. Dexterity® Record Label Company is going to start as a private business that will be solely owned by Dexter Clinton and Mack Hamilton. From past experience, no artist wants to sign a contract that will enslave them. 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. My business plan is to set up a music record label (7th Records) that will be based in Lagos, the capital of Nigeria. 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. ... Mt. Responsible for managing the company’s recording studio. Contact us, record label business plan sample our great customer support and you get a. Good example is the famous 2012 dance pop single – the ‘PSY -gangnam style’ from far away South Korea. Facilitates and coordinates strategic sessions. Mt. Are you planning to write a record label business plan, but do not know where to begin? 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. Exploring opportunities to add value to job accomplishments the marketing of their record company! Our dream can easily promote artists under their label a long – time tradition the... 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