| Are you ready to learn how to start and run your | | | | tons of business plans a year so you have to step it |
| own record label? Well, every business owner needs | | | | up and notch and prove to them you know how to |
| one important thing in order to start their own | | | | start and run your own record label. |
| business and that is a business plan. A business plan is | | | | On to the actual business plan. First, you have to |
| important for not only yourself but it is a necessity if | | | | write your executive summary. This is the most vital |
| you want to get any type of financing or solicit | | | | part of your proposal because it is the first thing |
| investors. If you have never written a business plan | | | | people read and it is a mini version of the bigger plan. |
| then I am going to give you a step by step | | | | What kind of company is it? What is special about it? |
| instruction on how to start an independent record | | | | Who will work for you or manage it? How much |
| label beginning with the plan. | | | | money do you need and where are you planning on |
| Alright, so now you know the first step in how to | | | | spending it? This is where you demonstrate to your |
| start a record label, a business plan. Your business | | | | audience that you know how to start a record label. |
| plan needs to be simple, yet professional. Let's begin | | | | A table of contents is not necessary but it definitely |
| with your audience. As I mentioned before, a | | | | adds a bit of professionalism to the report. Next you |
| business plan is for you and the people who may | | | | need to write a company description and describe |
| finance your business. | | | | your product. Do you already have some bands or |
| First you have your "angel" investors. These are the | | | | acts in mind? This is where your ideas can shine. |
| people who, such as a mom, dad or wealthy friend | | | | Now, the following sections will be a bit harder to |
| or family member. Even if you have a personal | | | | write but are crucial to verifying that you know how |
| connection with these people, you will still need to be | | | | to start an independent record label. You will have |
| professional in approaching them and your business | | | | your market analysis, marketing plan, operations plan, |
| plan is your key. You have to convince them that | | | | financial plan (the dreaded budget) and the |
| you know how to start and run your own record | | | | appendixes which will be where you would include |
| label. | | | | resumes, promotional materials and things to that |
| Once you get your angel investor out of the way, | | | | effect. |
| the next people you will have to convince you know | | | | Now you are one step closer to starting the record |
| how to start an independent record label will be the | | | | label you have always dreamed of. It's up to you |
| venture capitalists. These guys are going to be a little | | | | now to write a business plan that convinces |
| harder to impress than good ole mom and pop. | | | | everyone that you know how to start and run your |
| These guys are going to expect respect, | | | | own record label. |
| preparedness and professionalism. They probably see | | | | |