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A Sample Recording Studio Business Plan Template FREE

Are you about starting a mobile recording studio? If YES, here is a complete sample music recording studio business plan template & feasibility study you can use for FREE.

Okay, so we have considered all the requirements for starting a recording studio. We also took it further by analyzing and drafting a sample recording studio marketing plan template backed up by actionable guerrilla marketing ideas for recording studios. So let’s proceed to the business planning section.

The entertainment is a broad industry. This is because there are diverse things that you may be looking to start, and when you do start out, you can be sure to make good money in it. One of such genres of the entertainment industry is the recording studio business. This is one sure way to smile to the bank often and on.

Why Start a Recording Studio?

The recording studio business is a very rewarding one as you can be sure to meet the needs of new entrants into the music and entertainment business, as well as other people. The funds required to start this business on a large scale is still moderate compared to other high end industries.

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 hire the services of a business plan writer. On the other hand, if you want to broaden your horizon, then you may want to write the plan yourself. One of the advantages of doing this is the fact that you can learn on the job whilst you write it.

So, you will need to use an existing business plan to tweak yours. However, it is very vital that you have a rich idea about the various areas of your business, as well as what you want for your brand. Some of the things that are needed to be contained in your plan is the sales forecast, your marketing strategies amongst many others.

Here below is a business plan sample;

A Sample Recording Studio Business Plan Template FREE

  • Recording Studio Industry Overview

Recording studio business is indeed a thriving business that has loads of players making huge profits from the industry. One thing is certain, if a recording studio can successfully produce a major hit song / album or record songs for big time celebrity singers, it wouldn’t be too long before musicians and corporate organizations (for commercials and jingles) come calling from all over the United States and beyond.

No doubt the music industry of which recording studio business is a subset of is indeed a very large industry. Statistics has it that the global revenue of the music industry is estimated at about 15 billion U.S. dollars in 2013, and that is about the lowest revenue recorded since 2002; of course it is an indication that the recording studios need to become more creative and leverage on the changing tides in the world of technology.

Even the strong growth in streaming revenues was not enough to stop the music industry globally from experiencing income dropping below US $15bn for the first time in recent years in 2014. In the United States of America alone, there are about 4,917 legally registered recording studio businesses responsible for employing about 9,498 employees and the industry rakes in a whooping sum of $1bn annually.

Statistics also has it that in 2013 the three largest markets in the music industry, measured by the revenue they generated were the United States of America, Japan and Germany. Hence it is no surprise that the most of the leading recording studio brand who dominate the music industry in the globe are all headquartered in The United States of America.

Recent statistics from the IFPI revealed that overall global music production (recording studio inclusive) industry revenues dipped by just 0.4 percent last year – but that was enough to pull the annual tally down from $15.03bn to $14.97bn. The biggest offenders for the fall were an 8.1 percent decline in revenues from physical format sales (to around $6.89bn, according to MBW calculations) and an 8.0 percent decline in download sales (to around $3.56bn).Single track downloads declined by 10.9 percent in the year, while digital albums sales saw revenues drop by 4.2 percent.

The Recording Studio cum Music Production industry is indeed witnessing a steady growth over the years especially in developed countries such as the United States, Japan and even the United Kingdom. Though for some underdeveloped countries where piracy is still on rampage, the growth is a bit redundant.

One good thing about starting a recording studio business is that even if you decided to start it in the United States of America, your market will not be restricted to artists or business in the U.S.; the world will be your target market. Many thanks to the internet that has made the world a global village. All you need to do is to strategically position your recording studio brand on the internet and you will be amazed at the rate people interested in recording their music, audio books, or jingles for adverts will be calling you from all parts of the world.

Recording Studio Business Plan – Executive Summary

Crispy Clear® Recording Studio is a one stop and standard recording studio that is fully equipped with the latest technology in the recording studio industry. Our recording studio will be located in the heart of Inglewood, Los Angeles – California, U.S and we are positioned to work for a wide range of client ranging from individual music artists to corporate organizations such as branding and advertising agencies et al.

Crispy Clear® Recording Studio is not just going to be engaged in the recording music for musicians, but we will also open our doors to corporate organizations who would want to record jingles for advertisement purposes and also authors who would want to record their audio books and other related works. Our business goal is to work towards becoming one of the leading recording studio brands in the whole of Los Angeles and in the nearest future compete with the leaders in the industry not only in the United States but also in the global stage.

We are not ignorant of the fact that building a standard and world class recording studio from the scratch requires huge capital base especially for the purchase of world – class studio equipment (music production gadgets) et al, which is why we have perfect plans for steady flow of cash from our business partners with interest in our line of business. 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.

We will ensure that all our employees are selected from a pool of talented and highly creative people with ears for good music in and around Los Angeles – California and also from any part of the United States. 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.

At Crispy Clear® Recording Studio our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Crispy Clear® Recording Studio is owned majorly by Clement Boston and Claire Boston. Clement Boston is a certified sound engineer and he has over 15 years of experience in the music industry working for two of the world’s top recording studios. His wife Claire Boston will be the administrative head of the business. She has an MBA from University of California and she has occupied senior managerial roles before joining her husband to start Crispy Clear® Recording Studio. This duo have been able to cut their teeth in the musical industry both at national level and international level.

  • Our Product and Services

Crispy Clear® Recording Studio is going to offer varieties of services within the scope of the recording studio cum music production industry in the United States of America. Our intention of starting our recording studio in Inglewood – Los Angele is to make profits from the recording studio industry and we will do all that is permitted by the law in the US to achieve our aim and business goals.

Our business offering are listed below;

  • Music Recording
  • Sound Production
  • Studio Session for clients
  • Production of Jingles and Soundtracks for Organizations
  • Setting up of Recording Studios for Clients
  • Production of Audio Books
  • Sell of Studio and Musical Equipment
  • Music / Sound Consultancy and Advisory Service

Our Vision Statement

Our vision is to become the number one choice when it comes to recording studio in the whole of Los Angeles, California.

  • Our Mission Statement

Our mission is to build a world class and well equipped recording studio that will become the one of the most preferred choice for both music artists and publicity and advertising agencies especially those that are involved in the production of jingles and soundtracks in the United States of America

  • Our Business Structure

The success of any business is to a larger extent dependent on the business structure of the organization and the people who occupy the available role. Crispy Clear® Recording Studio will build a solid business structure that can support the growth of our recording studio business. We will ensure that we hire competent hands to help us build the business of our dream.

The fact that we want to become one of the leading recording studio brand in the industry in the whole of the United States of America makes it highly necessary for our organization to deliberately build a well – structured business from the onset.

We will work hard to ensure that we only attract people with the right mindset to help us achieve our business goals and objectives in record time. Below is the business structure that we will build Crispy Clear® Recording Studio Company;

  • Chief Executive Officer
  • Entertainment Lawyer / Legal Secretary
  • 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:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Responsible for providing direction for the business
  • 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 signing checks and documents on behalf of the company
  • Evaluates the success of the organization

Entertainment Lawyer / Legal Secretary

  • Responsible for drawing up contracts and other legal documents for the company
  • Advise artists and the organization accordingly before recording their music album or singles
  • 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.

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.
  • Handle 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
  • Facilitate and coordinate strategic sessions.
  • Work 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
  • Ensures 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 centre, 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
  • Distribute mails in the organization
  • Handles any other duties as assigned my the line manager

Recording Studio Business Plan – SWOT Analysis

Crispy Clear® Recording Studio engaged the services of a core professional in the area of music consulting and business structuring to assist the organization in building a standard recording studio company that can favorably compete with other leading recording studio brands in the United States of America.

Part of what the business consultant did was to work with the management of the company in conducting a SWOT analysis for Crispy Clear® Recording Studio. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Crispy Clear® Recording Studio;

  • Strength:

Our core strength lies in the power of our team and the state of the art recording studio equipment that we have. We have a team that can go all the way to give our clients value for their money; a team that can produce world class musical sounds. We are well positioned in the heart of Inglewood, Los Angeles and we know we will attract loads of clients from the first day we open our music production studio for business.

  • Weakness:

As a new recording studio in Los Angeles, it might take some time for our organization to break into the market and attract some well – established music artists and bigger corporations to record in our studio; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into the promotion our business the way we would want to.

  • Opportunities:

The opportunities in the music industry are massive especially in Los Angeles, and we are ready to take advantage of any opportunity that comes our way.

  • Threat:

Technology and the internet which of course is a major tool for the advancement and gains achieved in the music industry can also poses a threat to the industry. The truth is that with the advancement of technology, it is now easier for individuals to mix up their sounds and even form soundtracks with the help of music production software applications.

So also, just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new recording studio or music production company in same location where our target market exist and who may want to adopt same business model like us.

Recording Studio Business Plan – MARKET ANALYSIS

  • Market Trends

Entrepreneurs who are venturing into the music industry are coming in with creativity and good business skills. The fact that revenue is nose – diving in the industry does not in a way stop some recording studio companies from declaring profits year in year out.

The trend in the recording studio cum music production industry is that most recording studio companies are trying as much as possible to recreate themselves on a regular basis and also to be on top of their game. This is so because it is easier to find music mixer or music production / recording software applications that a rookie can make use of to produce good sound without stress.

  • Our Target Market

When it comes to music recording or music production, there are no exemptions to who you can market your services to. There are loads of people out there who are interested in releasing a single or a full musical album. There are corporate organizations that would need to services of a standard recording studio companies to help them produce jingles or soundtrack for advertisement and promotion purpose. There are authors who would need the services of recording studios to help them record their audio books and the list goes on.

Over and above, our target market as a recording studio company cuts across people of different class and people from all walks of life and corporate organizations.

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. We have conducted our market research and survey and we will ensure that our recording studio attracts the kind of clients we would love to work with.

Below is a list of the people and organizations that we have specifically market our services to;

  • Music Artists
  • Record Labels
  • Advertising Agencies
  • Corporate Organizations (Branding and Advertising Agencies et al)
  • Churches
  • Radio and TV stations
  • Upcoming Artist
  • Authors (Audio book recording)

Our Competitive Advantage

We are mindful of the fact that there is stiffer competition in the recording studio cum music production industry in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing.

Crispy Clear® Recording Studio might be a new entrant into the recording studio line of business cum music industry in the United States of America, but we are coming into the industry with core professionals and of course a standard world – class recording studio with the best equipment in the industry.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups music production companies) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

Recording Studio Business Plan – SALES AND MARKETING STRATEGY

Recording studio business is not a business that you have to retail products which is why we must do all we can to maximize any opportunity that comes our way to attract people to make use of our recording studio or hire of services.

Our sales and marketing team will be recruited base on their vast experience in the music industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We will also ensure that our excellent music production / top class music speaks for us in the market place; we want to build a standard and well equipped recording studio that will leverage on word of mouth advertisement from satisfied clients / artists.

Our business goal is to build our recording studio business to become the number one choice in the whole of Los Angeles – California which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the U.S but in the world stage as well.

Crispy Clear® Recording Studio is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our business by sending introductory letters alongside our brochure to organizations and key stake holders in the music industry in Los Angeles and other parts of the U.S.
  • Advertise our business in relevant entertainment magazines, newspapers, TV stations, and radio station.
  • List our business on yellow pages ads (local directories)
  • Attend relevant international and local music expos, seminars, and concerts et al
  • Create different packages for different category of music artists, authors and corporate clients in order to work with their budgets and still produce top notch music, jingles, audio book and soundtrack for them
  • Leverage on the internet to promote our business
  • Engage in direct marketing approach
  • Encourage word of mouth marketing from our loyal and satisfied clients

Sources of Income

Crispy Clear® Recording Studio is established with the aim of maximizing profits in the recording studio cum music industry and we are going to go all the way to ensure that we do all it takes to attract our target market. Crispy Clear® Recording Studio will generate income by offering the following services;

  • Music Recording
  • Sound Production
  • Studio Session for clients
  • Production of Jingles and Soundtracks for Organizations
  • Setting up of Recording Studios for Clients
  • Production of Audio Books
  • Sell of Studio and Musical Equipment
  • Music / Sound Consultancy and Advisory Services

Sales Forecast

One thing is certain when it comes to music; music never dies and the demand for good music will continue to grow. This goes to show that any recording studio company that is known to always produce good music or voice recording will continue to attract talented music artists, corporate organizations and authors and that will sure translate to increase in revenue generation for the business.

We are well positioned to take on the available market in Los Angeles California and beyond and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond Los Angeles – California to other cities in the U.S. and even the global market.

We have been able to critically examine the recording studio cum music production market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Los Angeles – CA.

Below is the sales projection for Crispy Clear® Recording Studio, it is based on the location of our business and other factors as it relates to record label start – ups in the United States;

  • First Year-: $150,000
  • Second Year-: $300,000
  • Third Year-: $900,000

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same studio / music production services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Our Pricing Strategy

It is important to point out that, though, music studio charge by the hour so it is the responsibility of the music producer to ensure that set target are met within the stipulated time. The more time you spend on the studio, the more money you would have to pay.

No doubt, hourly billing for music studios is a long – time tradition in the industry. However, for some types of music / record contracts, flat fees are adopted. As a result of this, Crispy Clear® Recording Studio will charge our old clients (artists) a flat fee and charge new clients (new music artists) hourly when they make use of our music studio to record their music or produce music beats for their albums.

At Crispy Clear® Recording Studio we will keep our fees below the average market rate for all of our clients by keeping our overhead low and by collecting payment in advance. In addition, we will also offer special discounted rates to start – ups, nonprofits, cooperatives, and small social enterprises who engage our services to help to produce musical jingles for advert purposes and authors who would need our services to record their audio books.

  • Payment Options

At Crispy Clear® Recording Studio, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

  • Payment by via bank transfer
  • Payment via online bank transfer
  • Payment via check
  • Payment via bank draft
  • Payment with cash

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

Recording Studio Business Plan – Publicity and Advertising Strategy

We have been able to work with brand and publicity specialist to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to take the music industry by storm which is why we have made provisions for effective publicity and advertisement of our recording studio company.

Below are the platforms we intend to leverage on to promote and advertise Crispy Clear® Recording Studio;

  • Place adverts on both print and electronic media platforms
  • Sponsor relevant TV shows and radio programs
  • Maximize our official website to promote our business
  • Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook ,Twitter, LinkedIn, Badoo, Google+ and other platforms (music online forums) to promote our business.
  • Offer Pro Bono services as part of our community social responsibility
  • Ensure that our we position our banners and billboards in strategic positions all around Los Angeles – CA
  • Brand all our official cars / buses and ensure that our trademark label is boldly printed in all our music album covers and CDs et al

Recording Studio Business Plan – Financial Projections and Costing

The cost of setting up a recording studio business to a larger extent has reduced from what it used to be; many thanks to the advancement of technology and perhaps the internet. These days it is now easier to see people set up recording studios in their house. All they need to do is to register a business and set up a mini recording studio in their apartment!

Basically, it is not expensive starting a recording studio company in the United States of America except for the prices of setting up a standard and well – equipped studio. The amount required to start a music production company may vary slightly from country to country and from states to states. Other factors that can influence the start – up cost of a recording studio company is the amount needed to rent or lease a facility, the cost of the equipment you would need and the money needed to brand your business et al.

When it comes to purchasing microphones and head phones, we will go for Neumann u87; it will cost us about $2000 or more. For mixer, we will go with Euphonix or any other brand of our choice. But Euphonix is great (especially with is sweet sounding preamp and on board compressors). It will cost us about $30,000 or more.

On the alternative, we can choose to go for purely digital and skip the mixer altogether. This means that we will need a good audio inter face with multiple inputs. 12 stereo pairs minimum. The emu 1820m is a good one. Then cables (nothing else but mogami cables. these are the best audio cable in the market for now; although we may explore other options)

We would need to create budget for pre amp. Avalon is perhaps our best bet and we can get it for about $2500 or less.

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. We have made provision for a Yamaha monitor; it is simply one of the best we can get in the market.

When it comes to acquiring a computer, we just have to budget for high end computer designed for such purpose. It is important for computer to have a very large memory, high end graphic card, and 2.6 GHz quad core processor and we will search for a good software to work with.

Essentially, this is the area we are looking towards spending our start – up capital on;

  • The Total Fee for incorporating the Business in Los Angeles, California – $750.
  • The budget for Liability insurance, permits and license – $2,500
  • The Amount needed to acquire a suitable Office facility with enough space for standard music studio in a business district 6 months (Re – Construction of the facility inclusive) – $40,000.
  • The Cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $2,000
  • The cost for equipping the music studio with the required gadgets – $100,000
  • The Cost of Launching your official Website – $600
  • Budget for paying at least 5 employees for 3 months and utility bills – $100,000
  • Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
  • Miscellaneous – $1,000

Going by the report from the research and feasibility studies, we will need about $300,000 to set up a medium scale but standard recording studio in the United States of America. Here are some of the key equipment and musical gadgets that we would need to set up our recording studio;

  • Headphones
  • Mixing console
  • Multi – track recorder
  • Microphones
  • Reference monitors, which are loudspeakers with a flat frequency response
  • Keyboard
  • Acoustic drum kit
  • Digital audio workstation
  • Music workstation
  • On Air or Recording Light
  • Outboard effects, such as compressors, reverbs, or equalizers
  • DE-essers
  • Cables
  • Pre amps
  • Computers
  • Audio interfaces
  • Monitors
  • Software
  • Effects racks
  • CD duplicator
  • CD printer
  • Supply of CD

Generating Funding / Startup Capital for Crispy Clear® Recording Studio

Crispy Clear® Recording Studio is going to start as a family business that will be solely owned and managed by Clement Boston and his wife Claire Boston. Both of them will be the financial of the business, but may likely welcome other partners later which is why they have decided to restrict the sourcing of his start – up capital to 3 major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from my Bank

N.B: We have been able to generate about $100,000 (Personal savings $60,000 and soft loan from family members $40,000) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. 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.

Recording Studio BUSINESS GROWTH: Sustainability and Expansion Strategy

It is easier for businesses to survive when they have steady flow of business deals / customers patronizing their products and services. We are aware of this which is why we have decided to offer a wide range of music production related services and also to work with both music artists, corporate organizations and authors.

We know that if we continue to record hit songs, albums, audio books, soundtrack and jingles for both individuals and corporate organizations, there will be steady flow of income for the organization.

Our key sustainability and expansion strategy is to ensure that we only hire competent employees, create a conducive working environment and employee benefits for our staff members.

We know that if we implement our business strategies, we will grow our recording studio business beyond Los Angeles – California to other states in the U.S in record time.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Renting of Office Facility: Completed
  • Setting Up Of The Recording Studio: In Progress
  • Intellectual Property Protection and Trademark: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of All form of Insurance for the Business: Completed
  • Conducting Feasibility Studies: Completed
  • Generating part of the start – up capital from the founder: Completed
  • Applications for Loan from our Bankers: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the Needed studio / musical gadgets, furniture, office equipment, electronic appliances and facility facelift: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business (Business PR): In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with key players in the industry: In Progress
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