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Record Label Business Plan – Executive Summary Sample

Are you about writing a record label business plan? If YES, here is a sample attention grabbing record label business plan executive summary, goals, mission and vision statements, product/service description and management structure that will surely attract investors.

  1. Executive Summary
  2. Market Analysis
  3. SWOT Analysis
  4. Financial Projection
  5. Marketing Plan
  6. Marketing ideas & Strategies

Record Label Business Plan – Executive Summary Sample

Dexterity® Record Label Company is a standard record label company that proposes to be based in 500 Madison Avenue New York, NY 10011, USA. Our aim of starting this business is to work in tandem with both established and upcoming music artist in the United States of America and other countries of the world to help to launch their musical career or take their musical career to the next level as the case maybe.

Our Head Office will be located in New York City, but we will have our branch offices in major cities in all regions of the United States of America – with the first two years of operation we would have set up our offices in the following locations; Las Vegas, Los Angeles, Dallas, Texas and Boston.

Dexterity® Record Label Company is going to be a self-administered and a self-managed record label / musical company. We will work towards becoming one of the largest managers of reigning musical artist in the United States of America and other parts of the world with musical album hits back to back in the music industry.

We are quite aware that record label / music business requires huge capital base- especially for the purchase of world – class studio equipment and music / artist promotion, which is why we have perfect plans for steady flow of cash from private investors who are interested in working with us. We can confidently say that we have a robust financial standing and we are ready to take on any challenge that we encounter in the industry.

As part of our plans to make artists under our label and our customers our number one priority and to become one of the leading record label company in New York City, we have perfected plans to work with our clients to deliver music projects that can favorably compete with the best in the industry at an affordable and reasonable price, within the stipulated completion date barring any unforeseen circumstance and also to help artistes under our record label gain international recognition within a short period of time.

Dexterity® Record Label Company is to become a specialist in turning upcoming musical artists into starts / celebrities and already made music artists / starts into mega – super stars. Dexterity® Record Label Company will at all times demonstrate her commitment to sustainability, both individually and as a record label, by actively participating in our communities and integrating sustainable business practices wherever possible.

Dexterity® Record Label Company will be owned majorly by Dexter Clinton and Mack Hamilton. This duo have been able to cut their teeth in the musical industry both at national level and international level. They have appreciable year of experience working with some of the leading international record label companies in the United States of America prior to start their own record label company.

  • Our Product and Services

Dexterity® Record Label Company is going to offer varieties of services within the scope of the music industry in the United States of America. Our intention of starting our record label company is to make profits from the music industry and we will do all that is permitted by the law in the US to achieve our aim and ambition.

Our business offering are listed below;

  • Music Recording
  • Music Video Shoots
  • Promotion of Music Artists / Music Tours
  • Sound Production
  • Studio Session
  • Production of Jingles for Organizations
  • Marketing and Sales Music
  • Managing of Music Artist
  • Setting up of Recording Studios for Clients
  • Sell of Musical Equipment
  • Music Consulting Services

Our Vision Statement

Our vision is to help upcoming music artists to become stars and to help established music artists to become mega – super stars

  • Our Mission Statement

Our mission as a record label is to build a business that will help our clients achieve their highest dreams within the shortest time possible and to be listed amongst the top 10 record label companies in the world.

  • Our Business Structure

The fact that we are set to compete with other leading record label companies in the world, means that we must build a business structure that can support our business goal. Dexterity® Record Label Company will build a solid business structure that can support the growth of our business. We will ensure that we hire competent hands to help us build the business of our dream.

Below is the business structure that we will build Dexterity® Record Label Company;

  • Chief Executive Officer
  • Entertainment Lawyer / Legal Secretary
  • Talent Hunt Manager
  • Studio Manager
  • Music / Record Producer
  • Sound / Recording Engineer
  • Admin and HR Manager
  • Marketing and Sales Executive
  • Accountant
  • Front Desk Officer

Roles and Responsibilities

Chief Executive Office:

  • Responsible for providing direction for the firm
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for handling high profile clients and deals
  • Responsible for fixing prices and signing business deals
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Reports to the board

Entertainment Lawyer / Legal Secretary

  • Responsible for drawing up contracts and other legal documents for the company
  • Advise artists and the organization accordingly before signing any musical artists under the company’s label
  • Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
  • Produces information by transcribing, formatting, inputting, editing, retrieving, copying, and transmitting text, data, and graphics; coordinating case preparation.
  • Provides historical reference by developing and utilizing filing and retrieval systems; recording meeting discussions; maintaining transcripts; documenting and maintaining evidence.
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.

Tour Coordinator / Talent Hunt Manager

  • Responsible for sourcing for music talents and grooming them
  • Responsible for coordinating music tours for the company
  • Assists in writing music lyrics for music artists
  • Handles any other responsibility as assigned by the Chief Executive Officer

Studio Manager

  • Responsible for tracking hours during studio session and billing clients.
  • Responsible for managing the company’s recording studio
  • Part of the team responsible for selecting the songs that will be promoted and the songs that will be sold as singles.
  • Handles any other responsibility as assigned by the Chief Executive Officer

Music / Record Producer

  • Responsible for recording and producing music and jingles for music artists and clients
  • Part of the team responsible for selecting the songs that will be promoted and the songs that will be sold as singles.
  • Helps to decide the order the songs will play in throughout the album (i.e. the songs’ track numbers).
  • Responsible for choosing top notch album cover for music artists
  • Handles any other responsibility as assigned by the Chief Executive Officer

Sound / Recording Engineer

  • Responsible for handle any sound related job for the company; helps achieve certain specific sounds or feelings to portray through that matches with the lyrics.
  • Responsible for mixing and producing beats and sounds for our clients; mix the songs into the final version for the music album.
  • Part of the team responsible for selecting the songs that will be promoted and the songs that will be sold as singles.

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of studio equipment by completing preventive maintenance requirements; calling for repairs.
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Designs job descriptions with KPI to drive performance management for clients
  • Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
  • Facilitates and coordinates strategic sessions.
  • Works directly with clients in a non-advising capacity, such as answering questions, scheduling appointments and making sure all training concerns are properly taken care off
  • Oversee the smooth running of the daily office activities.

Marketing and Sales Executive

  • Once the album is ready, then the marketing team will go out to market and promote the album
  • Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
  • Identifies business opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of music projects.
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients and music artists
  • Develops, executes and evaluates new plans for expanding increase sales
  • Documents all customer contact and information
  • Represents the company in strategic meetings
  • Helps to increase sales and growth for the company

Accountant

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the company
  • Serves as internal auditor for the company

Client Service Executive

  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

Front Desk Officer

  • Receives Visitors / clients on behalf of the organization
  • Receives parcels / documents for the company
  • Handles enquiries via e-mail and phone calls for the organization
  • Distributes mails in the organization
  • Handles any other duties as assigned my the line manager
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