Sample business plan for record label

Hood Records is an unusual but sustainable business model for a record plxn. The business operates to promote several Portland based bands, all with the common element of improvisation. Industry Analysis The retail record industry is dominated by a few large corporations.

Free record label business plan template

Most labels take the shot gun approach to sales. They sign up lots of different bands and hope a few make it big. On the bands that are a commercial success, there are huge windfalls of profit to be made by the record corporations.

sample business plan for record label

The Indie labels are similar, however, they are a bit more selective and do not always go for the most commercially viable bands. Products and Services Mt. Hood Records is a Portland based record label for a select group of Portland based bands. Hood Records has adopted the business philosophy that for long term sustainable growth it will be more successful for the label to sign up just a few bands and promote them equally than to sign up a bunch and hope one is a commercial sample business plan for record label, enough to float the rest of the bands.

This approach is quite appealing to a few bands. It provides the bands with the intimate and specialized focus of the label. The bands recognizes that fact that this label will be working hard to promote just a few bands, and that they will not be lost in the shuffle. The Business Model In order for this record label to succeed, a lot of sweat equity will be required will sample business plan for record label to no revenue stream for the first year.

For many businesses this is quite difficult to swallow. For Mt. Hood Records it helps that these realistic expectations have been established up front, and will not be an unwelcome future surprise. Additionally, the investors friends and family are sample business plan for record label gre analytical writing sample essays these parameters and have given their blessing.

sample business plan for record label

It will take a lot of work to pull this off, but with reasonable expectation up front and the right management to execute on the business model, it will happen. Management Mt.

Hood Records has been founded and will be run by Hillary MacQuilliams. Hillary is a veteran of the music industry. Immediately after college Hillary went on sample business plan for record label p,an her own band South.

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To support this month-long regional tour, Hillary and the band started their own record label to release a studio CD for themselves. Hillary recognizes that this experience was not an earnest attempt to make a record label work.

sample business plan for record label

It was more of a novelty to have started a label and released their own CD. After the tour the band broke up and Hillary enrolled into law school. At graduation, law jobs sample business plan for record label extremely difficult to come by. After no luck in her job search, Hillary began to consider something in the music industry because of her passion for music.

Record Label Business Plan

She began doing research and developed a business model that could, in the long term, be forensic chemistry coursework by developing a local, exclusive record label.

This was the beginning of Mt. Hood Records. Hood Records exists as a locally based record label whose mission is to promote local music groups, increasing live appearances and record sales. Hood Records has been established to promote its bands and at the sample business plan for record label time make a fair profit. Reocrd business plan can look as polished and professional as this sample plan.]