Do you have a Business Plan in place in
order to run a successful company
which allows you to make a FULL TIME income
from your music?
A document that summarizes the
operational and financial objectives of a business,
and contains the detailed plans and budgets
showing how the objectives are to be realized?
In plain English, a document that
shows you and potential funding sources
that you have carefully thought out how you plan to
operate in order to make your
Music Business venture
A SOLID SUCCESS?
If your answer is NO...
It's Time
To Get Down To BUSINESS With The
Record
Label Business Plan
Completely Editable
Template
Written And Updated For
2010!
Some Components From The Plan Include...
Mission Statement.
This
section helps you define the general purpose of
your music company, stating the main reasons it
is in business, while it also serves as a
reminder to the public and the employees within
your company what you and the founders envision.
General business purposes are mentioned here.
Yours could be to dominate the Music industry offline
and online across the world by producing and
promoting high quality entertainment products.
You can also add any additional goals for your
music company such as
becoming active in charitable activities, etc.
Executive Summary.
This part summarizes the main highlights of your
business plan, including what products and
services you plan to provide. Important
facts such as projected sales and profits, the
number of unit sales, profitability and the keys
to your companies success are mentioned here.
This section also allows you to highlight any
important information that you would not want
anyone including potential investors to
overlook.
The Management Team.
This component of your
record label business plan identifies
the individuals
operating in key positions within your company,
and what their duties and responsibilities will
be. In addition
here is were that person's educational, business
experience, and significant accomplishments will
be highlighted which they will in turn
bring to the table in order to contribute to the
success of your music company.
Music Industry Analysis.
This
provides an overview of the music industry and
recent changes, including mentions of digital
music sales versus Compact Disc sales, single
track downloads versus digital album sales, and
other relevant up to date information that is
important to be included in your music business
plan.
Marketing & Promotion. This
is an actual blueprint to work from or customize
as it presents detailed marketing and
promotional strategies from the initial release
of music product, to subsequent releases. Some
areas covered are promotion to Radio, television
and video networks off-line and online with
proper timelines and sequence in place, setting
up interviews and public performances for the
artist in support of the release, up to date
strategies for creating demand online and
off-line, and more...
The Financial Plan.
One of the most important components of a
Business Plan is The Financial Plan section.
This part includes a Projected Balance Sheet
with yearly totals, Music Project Production
cost sheet, Projected Statement of cash flow,
Break Even profit analysis, Use of funds
statement, and all other parts that make up a
detailed financial plan for your company.
+ Many Essential Parts That Should Be
In Your Music Business Plan Including...
A Mission
Statement, Executive Summary, Company
Description, Personnel, Recording of the music,
Manufacturing, Distributing Off-line,
Distributing Online, Marketing and Promotion,
Music Videos, Distribution For Other Labels,
Merchandising, Concert Promotion, Industry
Analysis Of Independent Labels, Music Industry
Sales Volumes - CD Versus Digital Sales,
Marketing Goals And Objectives, Marketing
Promotion Strategy, Radio Promotion, One Year
Sales Campaign, Dance Club Promotion, Public
Relations, Print Advertising, Charity
Involvement, Internet Music Marketing
Strategies, Marketing Summary, The Management
Team, Marketing And Sales, Publicity, Promotion,
Artist Relations Department, Artist And
Repertoire Department, Creative Services
Department, The Financial Plan, Project Balance
Sheet Yearly Totals, Music Project Protection
Costs, Projected Statements Of Cash Flow,
Projected Balance Sheets, Break Even Profit
Analysis, Use Of Funds Statement, And
More...
Here's a Small Sample From the
INTERNET MUSIC MARKETING STRATEGIES Section...
In response to the growing popularity and
necessity for a presence on the Internet,
[MY RECORD LABEL] will create and
design an internet presence for itself. Thewebsite will be intended to advertise
the company, announce and advertise new
releases, sell company products and merchandise,
and offer e-mail communication to visitors,
customers and fans. Furthermore, visitors to the
web site will be able to sample Music and Video
clips from ourartists. Management has secured a
domain name for the site of which the URL is
www. [MY RECORD
LABEL]
.com. On this website wewill create space for each artist
signed to the company in order to allow the
visitor to learn more about our artists. In
addition, each artist will also have their own
website allowing for a more intimate experience
for the fan.
Blogging [MY RECORD LABEL] will be setting up a blog for the company, and also for
each individual artist. Blogging about our
company and our artists will be another ideal
way to create new fans and come in contact with
people from all parts of the world. Since we
will also be discussing certain topics within
the genre or the general music industry as a
whole, such diverse people who will visit from
different countries and cultures may have
different viewpoints and will wish to discuss
it. Therefore, this will open the opportunity
for a great deal of discussion and debate, which
in turn will make the blogging site more
interactive and sticky as people will more
likely come back often.
Continued...
Here
Are Some Things You Can Do With The Plan...
Gather Those
Scraps of Ideas, And Put Them Into Your Business
Plan.
Customize This
Editable Professional
Business Plan To Suit Your Goals.
Submit
Your Plan To investors
And Other Financial Sources
For Funding.
Start And Operate
A REAL Music Business!
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(c) 2010
Record Label Business Plan
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