Whether you’re releasing a single album or starting an actual music related business, more than likely you will find yourself looking for funding or capital to get your business venture started. Some of the traditional means used to finance an endeavor have ranged from using personal credit cards to securing a bank loan to borrowing […]
Posts Tagged ‘business’
In the previous post, we looked at two business plan experts and the advice they offer for building a plan. To aid in understanding how to incorporate their advice, I’ll use my business plan as an example. I’m writing a business plan for the record label start-up that my brother and I are forming.
In an earlier post, we discovered it is important to build a business plan for your music business. Today we are going to look at a couple of experts on business plans and the advice they offer those building a plan.
Major artists and labels have found success selling digital music on iTunes, but is it a feasible distribution model for independent artists? Can independent artists actually make money at it? That, of course, all depends on the number of songs an artist is able to sell. How many songs will an artist need to sell […]
The Cashflow Quadrant is a concept made popular by Robert Kiyosaki in his book Cashflow Quadrant. The Quadrant is made up of four segments: E, S, B, and I. E stands for employee, S stands for self-employed, B stands for business owner, and I stands for investor. By understanding the Cashflow Quadrant and applying it […]
Being an independent record label doesn’t mean that the company has to “go it alone” in the music industry. There are over 86,000 professional and trade associations, some of which are great allies to independents. One organization in particular is the American Association of Independent Music, also known as A2IM.
I recently participated in a couple of online workshops offered by the SCORE Association. SCORE offers free counseling and advice for America’s small businesses and entrepreneurs. The workshops were titled Developing a Business Plan and Preparing a Cash Budget. I’ll take a few of the points presented in the workshops and apply them to the […]