How To Utilize Business Plan Canvas For Success In The Music Business. Hence it is no surprise that the most of the leading music production company who dominate the music industry in the globe are all headquartered in The United States of America. There are several models for creating business plans and as such, this is only one possible model. First, you need to clarify your vision and craft a mission statement. It’s a bad idea to try to appeal to everyone. When it comes to music production, there are no exemptions to who you can market your services to. There are multiple options out there for a business plan framework. The music sector is always experiencing unending competition. Music Business Plan in Nigeria. 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%. We have a team that can go all the way to give our clients value for their money; a team that can make produce world class musical sounds. Clarkson Dempsey has an MBA from University of California while Bradley Jackson is a certified SOUND engineer. You should be able to go all the way to promote artiste that signs under your recording label. He straddled the line between art and commerce better than anyone I know. 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. Set yourself a very specific timetable and make yourself accountable to someone else, even if you are not seeking investors and just doing this for yourself. Clarkson Magic Finger® Music Production Company is set to make use of the following marketing and sales strategies to attract clients; Clarkson Magic Finger® Music Production 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. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. A key segment of the June 29 th to July 1 st hosting of the seminar focused on the development of a good music business plan. This duo has been able to cut their teeth in the musical industry both at national level and international level. Thanks for this informative information. The concert business is big and this live music venue business plan will help to elaborate strategies to be used to attract artists. What is the gender breakdown, age, and geographical location of your fans generally? Although starting a music and production company requires moderate start – up capital, but it is indeed a very profitable venture to go into especially if you live in an urban area, where the demographic composition has enough young adults within the age range of 16 – 35 years. Find something that works within your budget. They have appreciable year of experience working with some of the leading international music production companies in the United States of America prior to start their own music production company. These days it is now easier to see people set up a music production studios in their house. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Los Angeles – CA. We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with other players in the United States and throughout the globe. You can take advantage of opportunities and protect against threats, but you can’t change them. Help decides the order the songs will play in throughout the album (i.e. Although we intend starting out in Los Angeles – California, but we plans to have active presence in major cities both in the East Coast and the West Coast; we will position our agents to in strategic cities in the United States to help us source for music production deals. This is a one page summary of your business plan that includes an introduction, a description of your project/goals, an account of the funding you have and/or are seeking, and a synopsis of your plans for implementation. Here are a few suggestions on how to make a business plan as a musician. Facilitates and coordinate strategic sessions. Responsible for providing direction for the business. Ensures operation of studio equipment by completing preventive maintenance requirements; calling for repairs. Create a Music Website. In view of that, we have created strategies that will enable us reach out to various corporate organizations and individual who we know will our services. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. Business / Plan Templates / 15+ Music Marketing Plan Templates – Word, PDF, Google Docs. 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. The better your estimates are of income and expenses, the easier following your plan will be, so be thorough! Now that you have made up your mind to start a music recording and production company, you are expected to sit down and map out strategies on how to a raise start – up capital, how to run the business, as well as how to make profits. © 2019 Disc Makers Blog. Write a business plan for your album release! The biggest mistake artists make when it comes to procuring financing for their music ventures is the lack of a business plan. The Music production industry is indeed witnessing a steady growth over the years especially in developed countries such as the United States. Products and Services. Clarkson Magic Finger® Music Production Company will be owned majorly by Clarkson Dempsey and Bradley Jacksons. Responsible for choosing top notch album cover for music artists. 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