Writing a Business Plan for a Record Label
People love music, and many artists seek to develop their own record labels that they can produce and distribute their own content. With a drastic decline in the cost of recording equipment coupled with the ability to market these artistic works online, the number of new record labels has increased substantially. These businesses are able to generate income not only from direct sales of CDs but also from streaming media as well. In fact, the use of CDs and albums has declined sharply over the past 10 years as most people now have a smart phone or related device where music can be streamed directly. Deutsch and Thomas, over the past 14 years, has worked with a number of record labels to produce music not only of the owner, but also from signed artists as well. We are familiar with all of the operating facets for this type of business.
For each plan that we develop for a record label, we always include a full five-year financial plan that features a profit and loss statement, cash flow analysis, common size income statement, balance sheet, breakeven analysis, as well as all appropriate business metrics. We also develop an extensive amount of industry research for the business plan while showcasing the target market audience.
Of utmost importance to this type of document is the marketing and advertising plan. We focus significantly on viral marketing methods, usage of online video platforms, social media marketing, and developing relationships with third-party music distributors. In a business plan that we can develop for you specific for your record label, we will be old outline all these different methodologies in order to produce revenues from created music.
If you are interested in having Deutsch and Thomas write a professionally written business plan for your record label, please feel free to contact us anytime at 646-216-9844 or through the contact us form on this website. We look forward to working with you!