MUSIC PRODUCTION COMPANY BUSINESS PLAN SAMPLE TEMPLATE
The music industry no doubt is one of the most lucrative sector in the entertainment industry.
People love listening to music that is excellently produced and has good danceable beats. So, if you can put sounds and lyrics together to become a good danceable music, you should consider starting a music production business.
However, choosing a profitable business to start and having the right skill sets to start it is not a guarantee that the business will succeed. For the business to succeed, you need to make adequate plans and preparations. And one of the ways to do this is by writing a business plan.
MUSIC-RELATED BUSINESS PLANS
Writing a business plan helps you to see the things you need to achieve in the business you are intending to start and then make proper plans in achieving them. This will save you from making unnecessary mistakes and error.
So, the first thing you should do if you want to start a music production business is to write a business plan. There are two ways you can do this. You can hire a professional business plan writer to help you write your business plan.
You can also write it by yourself.
If you choose to write your business plan by yourself, you will need guidance on how to do it correctly. And this is what this post want to help you with. The post is a music production business plan sample that you can use as a template to easily create your own.
Here is a sample business plan for starting an music recording and production business.
BUSINESS NAME: Unbeatable Music Production Company
TABLE OF CONTENT
- Executive Summary
- Products and Services
- Vision Statement
- Mission Statement
- Business Structure
- Marketing and Sales Strategy
- Source of Income
Unbeatable Music Production Company is a registered incorporation that will be established in Beverly Hills in the United States. The company will specialize in the production of music with quality sound and lyrics that will our target audience will find interesting to hear.
It is no longer a news that the music industry is highly profitable. Because of its profitability, a lot of people into are venturing music in order to make good money. However, many of the music production companies we have around are not standard enough to help these intending musicians produce good music that people will appeal to the people.
And the few music production companies that are standard and capable of helping these intending musicians always have too much to handle. This is an indication that there is a hungry market for the business we are about to start.
We will organize our business in such a way that we are able to meet the demand of our target market. Our focus is on talented upcoming artists who we will help produce quality music that will outwit the seemingly best in the music industry.
We will make sure that our company is highly standard and well equipped with quality equipment that will help us produce good music for our clients. Our workforce will also be selected from the best in the industry who have all the necessary expertise and experience that our music production company needs to stand out from the crowd and become unbeatable.
Unbeatable Music Production Company will be jointly owned Mr. Bobby Brown and Mr. Fred Marshall. Mr. Brown is veteran musician and a music producer, who over the past twenty-five years has worked in various leading music production companies in United States.
On the other hand, Mr. Marshall is a business analyst who specializes in helping music production companies grow their businesses into formidable brand. He has consulted for more than 100 music production companies all through the United States and Canada, helping them achieve enviable feats. The two veterans are coming together with their competencies and wealth of experiences to start an unbeatable music production company.
The vision of Unbeatable Music Production Company is to build a solid reputable for producing high quality music and raising our musicians to be able to outwit the best in the industry.
Unbeatable Music Production Company is to always come up with innovative and outstanding concepts that will help us to beat others players in the music industry hands down.
Products and Services
Unbeatable Music Production Company intends to offer a wide range of quality products and services that will help us serve our clients well. Some of our products and service will include:
- Music Production
- Music Recording
- Sound Recording
- Sound Production
- Production of Advertisement Jingles
- Production of Movies Soundtracks
- Sales of Musical Equipment
- Shooting of Musical Videos
- Training and Consulting
In order to become unbeatable in the music industry, we will ensure that we put in place unbeatable business structure which will comprise of:
- Chief Executive Officer
- Music Producer
- Studio Manger
- Sound Engineers
- Legal Secretary
- Human resources Manager
- Marketing and Sales Executives
- Security Guards
The total cost of money we need to startup our music production business is $450,000. This will cover the cost of business registration, renting of office facility, purchasing of equipment, hiring a marketing strategists, etc. It also covers the payment of workers’ salaries within the first three months of starting the business.
Source of Income
The two founders have been able to pool their resources together and raise the sum of $200,000. They have also gotten a loan of $100,000 from their friends and family member. They plan to get the remaining $150,000 through a bank loan.
There you have a music production business plan sample that contain the necessary information that is required in a business plan. Feel free to use it as a guide to write your own.