music business plan sample

, Have a response on your own site? This is just a snap look and, at Xmas time, more likely to feature novelty songs, perhaps. That you don't see the value in planning for those types of expediters? endobj That is what this and any other good financial plan is based on. on November 10, A Sample Music Business Plan - MTT - Music Think Tank. The best fictional stories are based on what exists now, as a good business plan should be. If you weren’t so sure before about how to make a business plan, well you are now. Writing a Music Business Plan is one of the first things you should do if you are planning on starting your own Music business. Free Music Festival Business Plan For Raising Capital from Investors, Banks, or Grant Companies! This is intended to gain investment funds on behalf of said artist, in exchange for a portion of the profits of the expected returns. If the thought of sitting down to create a music marketing plan makes you cringe, you’re not alone. I finally had a chance to skim through this. It all seems very substance-free. 5 0 obj Did Spotify Purge Indie Artist Music January 1, 2021?!? It was a bit fluffy like this one might end up and one of the MTT readers called me on it. !��'O���2C�� ^�CT��������9 The music comes first; music sales, merch sales, touring, selling stuff - these are obvious things. To summarize they say: - plans are fantasy, there are too many factors out of your hands to predict- start referring to your business plans as guesses- plans let the past drive the future- you have the most information when you're doing something, not before you've done it- they advise not writing a long winded plan, because it mostly ends up collecting dust or being constantly rewritten. Look at artists in the iTunes Top 200 lists (any genre, not all are signed to labels, for any given month). Will email you offline and post the results here. It is not just limited to the computer, but you can also download it on any electronic device with ease and make a plan … Every business plan is a bit like fiction. @Kevin - I'm sure there have been many plans made by many artists, but the idea that they are transferable just can't be proved. The word is the abbreviated pronunciation of "animation" in Japanese, where this term references all animation. We are mindful of the fact that there are stiffer competitions amongst music schools in the United States of America; hence we have been able to hire some of the best marketing experts to handle our sales and marketing. The 6% return is nice if you are a bank, but I want to know how I am going to end up owning a chunk of a $35M annual business two years from now! Not the end all be all or a guaranteed road to success. " Ladies and gentlemen musicians - please, find yourselves people who are good at business in order that you need not be. Music Publishing Company Business Plan Contents: 1.0 Executive Summary 1.1 Company & industry 1.2 Products And Services 1.3 Market Analysis 1.4 Strategy & Implementation 1.5 Management 1.6 Financial Plan 1.7 Funds Required & Use Of Funds 2.0 Company Summary 2.1 Company & Industry 2.2 Legal Entity & Ownership 2.3 Facilaties & Location Not sure why I'm expected to include this in the plan. �5����|�\��n��Йl�a�J�S� �k{��(s~�3 �d���g�"�����}W�I�Să�q�+�N�7������ׄ(4Csz�#:�Q�0�}�ydc�Of��Xk-R��K☯� ��~u�)��n�LH�\� Etc, etc.. Can this success be replicated? Offering any dry cleaning home delivery service has to first start with a detailed business plan. But what should you include in a record label business plan… You're correct. I wanted to those those questions out for readers here, but my two quick answers are--A) just start doing it (how else does anything get done), and B) incorporate metrics into the plan. If you want more samples for reference, you can go to dynamicbusinessplan for 3 more alternatives. Details on each of these plans can be found in previous posts and outlined in depth in my template, You don’t have to take my work for it however, there are tons of resources online that will tell you the same thing about business planning. Fuirthermore, (And I have always, always wondered this), how the heck can ANYONE project music sales for a startup act? I'll subscribe to this channel. Give a brief background history of your music business including the … I would never put $100K into something as risky as a band unless I was going to own a significant chunk (probably far more than 20%) of the entity that controlled all the rights and IP. Most of the one billion profit and x-billions turn-over, in other words, the business, is in London. Thanks again Justin. Polyphonic looks interesting. The list below covers a wide range of businesses. It synthesized knowledge from the fields of business, education, creativity and music. That should tell you that a business plan should be a living and breathing part of your business and updated as your wants and needs change. You will become focused. If you’re looking to develop a more modern business plan, we recommend you try LivePlan. Basically, players in the Fine Arts industry offer instruction in the arts, including art, dance, drama, music and photography. Please keep in mind that no two music business plans will be exactly the same. 1. Now, take your time to look at the following business plan examples and determine how you can start. That's a lot more than some can say. : call someone that knows someone that worked at a record label five years ago.). This business plan seeks to expose the fruits of my compositional labour, both past and future, in a much more intentional and strategic way to the market, so that they can be experienced by more people, and bring in more remuneration and greater opportunities for future projects. This is an outline of how you envision your recording career. I'm a huge skeptic myself and further more I've never been known for blowing smoke when it comes to the music business. Nice piece Kevin. Granted, they project a year end total of only $10,700 in total sales, which I suppose is realistic... but what are those numbers based on? Thus the point of the business plan to raise money.. Record label or not, it's still money + humans + an execution plan that's making it all work. Very interesting site and articles. I've personally seen businesses fail because they didn't plan. Look I'm not going to elaborate any further in this comment, but please feel free to ask more question here, via email, twitter or phone. Aren't they the groups that are supposed to be writing the plans? 8rʶ�������d�WT'��eL�~.u"A��=9�뗚]��>31�3��X3�����-$e�}��u,��gm�g�6�64$ы��EzL*LZ�_�j���_��]�X��y�[�?�Xs ���N��/��]��|m���sϚƫk_Wf��ȸA�2��)�o��z-di��������2�|m٣��j|5ԥej�8�ɮe�E��7��[����Q�|�IM%ײ�xf)�|6\ k���`Ҳ��䍐. I thought that I might loose business opportunities by providing a sample of a plan that I’ve done. Agreed. A Sample Music Business Plan for Your Band. How did they get to where they are now? This sample of Music School Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Many of theses artists are making money, and not all of them are legacy artists, and not all are signed to major labels. Don't be sorry. Please remember that this plan is a sample. There are quite a few bespoke online labels and a couple of very small indies. << /ProcSet [ /PDF /Text ] /ColorSpace << /Cs2 8 0 R /Cs1 7 0 R >> /Font << Just look for a sample that suits your business and tweak it until it’s yours! What is different here is that the Northern Southerners have put it on paper in order to identify the holes in it. There are typically two reasons to create a business plan. Depending on your target audience (banks, investors, business plan competition), a business plan can be as simple or complex as you want it. That's just free-market capitalist speak gone mad. Music School Business Plan in Nigeria. Type of Business: Music/Entertainment . In Music Think Tank, Kevin English follows up on his earlier post on how to write a music business plan. Keep up the good work! The Business Plan Story: Starting Small and Building Up Business plans are a type of story. I guess I just don't see how "spend money on a publicist and promoter" equals a marketing plan. http://www.freebptemplate.com - music business plan outline So possibly the best plan might be not to bother with plans and just try to be the most exciting band in the world in the hope that 'money + humans + an execution plan', in other words, a label, or a production company, or a publishing or a management company take you on. But the thing is is that it was my first one and I had no idea how it played out in reality. I want to know what you are going to do to propel yourself to the moon.". He was a talented musician—a drummer who built a business around selling music rights for films and ads. Downloaded > 2,750 times #31 most popular download this week. Produce albums, merchandise, and tour. However, even if it did, my overarching question remains; how can ANYONE predict revenue or sales in this music industry for new products or artists? Keveleetmusic[at]gmail347-688-5383@eleetmusic. And then write a paragraph describing why you are qualified to run this business. What was/is (past, present, and future) their business plan? I thought I’d share those numbers with a little make-shift music business plan that I threw together and show you what you’re realistically looking at. MUNTINLUPA BUSINESS HIGH SCHOOL the BUSINESS PLAN 2. Are you "good" at music? And as the world of pop is full of similarly successful musicians who have had chaotic careers that they couldn't have possibly planned for, I would say, though there might possibly be exceptions (and I would love to hear about them - honestly, that's the point of my comments) who started off with a business plan as opposed to a dream and a riff, basically, success from chaos is the norm and to state otherwise needs proof. Musical composition (and arrangement) in the so-called classical tradition is the exclusive focus of this business plan. My Business Plan looks phenomenal. Half of my clients will make me sign a Non Disclosure Agreement and swear me to secrecy for good reason. He started from his dorm room at the University of Oregon in 1996; he sold his company, Rumblefish.com, for $27 million in 2015. How to Create Your Own Business Plan Basing on A PDF Template? Otherwise your plan was created in vein. Correct. Thanks for reading and asking some very good questions. Your business plan should set realistic goals, address any issues early on, and develop a clear path for the future of your record label. Just like any other business man or woman. I personally don’t understand that concept at all. Think of a business plan as a big budget. 4 0 obj Find 2 sample business plans here to help you launch your online business. Executive Summary • Although at the beginning of your actual business plan, the Executive Summary is always written last! If you need a Professional Business Plan I highly recommend Joorney. Having ample knowledge about the business is important. Investor = fan? 37 signals is a great company and the authors are very smart guys, but when I hear you say things like everything you PLANNED for you accomplished, it further underscores my point. It sounds like the boring business stuff, when you’d rather be spending your time on the fun, creative stuff. %PDF-1.3 For businesses, you have your business plan. Afrojack is connected to Spinnin' Records, a dance indie based in Amsterdam, so might also be discounted, although I'm not sure how big they are. Thats a perfect segment to point #1. Conversely they will also have to take an educated guess about how much money they will make. O1 Business Plan – Sample – Music. I'll respond to the only coherent sentences in your comment above, "Ladies and gentlemen musicians - please, find yourselves people who are good at business in order that you need not be.". Industry Overview. Download Music Festival Business Plan Sample in pdf. "You need to demonstrate that you are taking some of the significant risks off the table.". It’ll help ensure you’re not playing off-key as you develop your business strategy. I had a few business courses in school so I thought I knew a little bit, at least enough to set the rough outline, but this article (as well as the comments and critiquing!) Brian Frankewww.brianfranke.com@bfrankemusic (Twitter)www.brianfranke.com/thinkingaloud (music blog), Of course I remember you. If running a business was as easy as having an idea and going for it, we’d all be rich. They all have other groups and org's supporting them in various ways, because of who they are, from radio stations to the patriotic British public. Your full name 3. Name of Business in this Example: Nightclub X . << /Type /Page /Parent 3 0 R /Resources 6 0 R /Contents 4 0 R /MediaBox [0 0 612 792] Open it in Word or Excel (or another program that can display the DOC or XLS format), edit it, and print your personalized business plan. This Music Business Plan can serve as a starting point for your new business, or as you grow an existing enterprise. It's possible, but unlikely. If you're looking for a tool to walk you through writing your own business plan step-by-step, we recommend LivePlan, especially if you're seeking a bank loan or outside investment and need to use an SBA-approved format. Eventually, you settle in on how you hope to make money. Sample Business Plan for Acme Management Technology 1.0 Executive Summary By focusing on its strengths, its key customers , and the company's underlying core values, Acme Management Technology will increase sales to more than $10 million in three years, while also improving the gross margin on sales and cash management and working capital . You have to know how many fans, shows, and digital downloads you need in order to become profitable. Of course, there might be a whole different picture in the States; with its tradition of decent-sized, locally based labels with support from large radio stations in the area, the impetus and infrastructure might be in place to facilitate smaller crews in a release. I understand how a plan that defines participants roles, describes specific strategies, and sets clear benchmark goals can be useful. It would be foolish to think that none of this was planned. Kevin, I'm glad the topic of music business plans has come up, because I've been trying to wrap my head around them for a while. No one has found that thing from my knowledge. culture freak (change your mind later). For those of you who haven’t read my previous posts on this topic, I’ll briefly bring you up to speed. It seems to me like things either catch heat, or they don't, and it usually comes down to who is able to work their media connections best and get the most exposure. One, I thought that I might loose business opportunities by providing a sample of a plan that I’ve done. The first comment was, “Would have been stronger with a template or sample.” I got pissed off and created a template. Afrojack and Yolanda be Cool, you could easily put the latter in the novelty bracket, depending on your POV on Europop. Cheers. What's the unique, unusual, inventive, off-the-charts thing (strategy) that you are going to employ that's going to put you on the map and keep you on the map? I'm simply sharing what I know with the people who have asked. Its about time someone stepped up to the plate to take advantage of the scaling of independent musicians. A plan not only provides you with a framework for growth, but also takes a closer look at the details of your business; ones that are typically over looked without a business plan. Include the following: 1. Music is emotional, I know, but businesses aren't. You can keep on dreaming and believing that one day all of your musical dreams will come true. (I don't intend to come off as a jerk - its hard to ask critical questions online without sounding like one). figured that was pretty coherent... how about: these are three examples of very successful artists, none of whom, on paper, would seem to have had a viable business plan. Why is a music business any different? Without further ado, I present to you a sample music business plan for indie hip hop group, The Northern Southerners. All rights reserved. Cover Page Intro Paragraph: In the following pages you'll find a business plan written with the intention of soliciting investment funding for a new nightclub/bar venue. If you don't have the money to record, market, distribute and promote you cannot proceed. In the whole of Scotland (pop: 5 million) there's hardly a publisher, very few management companies, one serious, specialist PR company (although I think they may have just moved to Brighton). As presented on the proposal templates in DOC format samples, the following are the essentials in writing a music business proposal: Executive Summary – Present an overview of your company’s core values stated in the mission and vision. ����}�Mɨ�{���8��� A CEO has to manage everything from personnel to product development and marketing to distribution and accounting. In this step, you define your business and state your qualifications. The biggest mistake artists make when it comes to procuring financing for their music ventures is the lack of a business plan. The roads were slick from an early snow shower that turned to freezing rain. Download Music Festival Business Plan Sample in pdf Professional OGS capital writers specialized also in themes such as nightclub and bar industry business plan , karaoke business plan , business plan for internet radio , drive in theater business plan , starting a music venue business plan , business plan template for summer camp and many others. This post is purposely in direct contradiction to that section in ReWork for two reasons: 1.) The answer is clear to me. Writing a Business Plan for a School of Creative Music Education This project was about writing a business plan for a unique school of music that fosters creativity and promotes fun in learning.