Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period. There are approximately 6, people employed by the industry.
Insurance documents Lease agreement Label a section Business Profile and explain the business end of your recording studio to potential investors, partners and loan officers. Create a new section, People Profiles, and include individual profiles of the people involved with your recording studio.
Note their special skills, experience, knowledge or education relating directly to recording or business.
Using only facts, no rhetoric, demonstrate you are capable and dedicated to running a profitable recording studio. Label a section Office and Communications Budget and calculate a budget for the business end of your studio.
This budget can be a simple list including office space, telephones, laptops, bookkeeping software, fax machines and anything else involved in the business end of your recording studio. Label a new section Equipment and Media Budget and include all expenses for recording equipment and construction and other costs for the actual recording aspect of your business.
This budget can be a simple list of expenses, including consultants, sound reinforcement, hardware, software, mixing decks and anything else in the studio. Include budgets for and brief descriptions of each piece of equipment.
Label a new section Licenses, Permits and Business Name. Include information on the zoning for your place of business, licenses required to do business and the name you will do business under. If you intend to have employees, acquire and include an employer identification number EIN from the Internal Revenue Service see Resources.
Label a new section Insurance and list any insurance costs associated with your studio.
Create a section named Premises and provide technical data about the physical space and costs of your business. Include the dimensions of your office and the studio space as well as any plans for expansion. Also include the costs of your studio space as a percentage of profit, your lease sign-off if you have one from the landlord and copies of any zoning confirmations you have.
Label a new section Accounting and Cash Flow and address your start-up balance and income projections for at least six months. Include a monthly, detailed breakdown of your income versus costs, accounting for the daily expenses of running your business.
Describe how income from recording is processed, collected and accounted for and also the procedures for payment of your employees, including yourself.
Label a new section Financing and demonstrate the origin and destination of any start-up money. A flow chart showing any start-up investments, government assistance or business loans, and how they are to be spent, works best. Create a section for your Marketing Plan and explain your scheme for advertising and marketing your recording studio.Mt.
Hood Records music recording producer business plan executive summary. 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.
Starting a business requires that you have a working business plan and you will need to do just same with the recording studio business. Be that as it may, you will need to .
Under the current operation at Riverbank Studios, recording & rehearsal facilities are offered to people aged on two weeknights (Tuesday & Thursday evenings) totalling to just five business hours each. Jul 10, · What should I include in my business plan to opne a studio, I'm doing this to recieve a loan from a bank.
Free Recording Studio Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below.
Mt. Hood Records music recording producer business plan executive summary. 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/5(52).