DJA will capitalize on the growing entertainment market across the world through the production and promotion of high quality entertainment. Located in Miami, Florida, the company will become highly profitable through the sale of pre-recorded music product, and ancillary profit centers. DJA will own and control the masters master copiescopyrights and licenses of its product, which will enable DJA to create immediate revenue streams while growing its music catalog into a multi-million dollar asset.
King The biggest mistake artists make when it comes to procuring finances for their music ventures is the lack of a business plan. Artists and musicians must understand that music is a business and should run like one.
To begin your process of establishing a business plan, the following are some basic elements to get you started: Start by considering where you are currently in your music career and where you want to be.
Give yourself a realistic timeframe and work backwards citing the steps and resources required to reach each milestone in your plan. Take yourself seriously This is not a joking matter.
Before you dive in headfirst Creating a music business plan can be an overwhelming task if you allow it to be. Remember, the only way to eat an elephant is one spoonful at a time, so take a moment to breathe and gather your thoughts. Using a piece of scratch paper will be quite useful during this process, so make sure you have plenty on hand.
Taking personal and professional inventory If you have been in the music business for at least a year, you should have a basic idea how a music business operates. In fact, you are most likely implementing core business principles and practices at your current level, but take it a step further by conducting a SWOT analysis.
A SWOT analysis is a simple assessment of your personal or professional Strengths, Weaknesses, Opportunities, and Threats as they apply to your music business.
Begin by taking a piece of paper and folding it into four equal squares. At the top of each square going clockwise, write each component of the SWOT analysis in its own square.
Then create a bulleted list of all the information regarding your business in the corresponding squares. Once completed, you will have the framework to create a formal business plan.
Understand what should be included in your plan At a minimum, your plan should include the following: Market Analysis Here, you will analyze the current music market, with special focus on your genre of music.
Include opportunities, competitors, trends, market size, and growth potential. Company Description Describe who you are, what you offer, and the audience your business serves. Are you an LLC, corporation, or sole proprietorship? List the key team players, i.
List your sales, product pricing, and positioning strategies, marketing channels, ecommerce and communication strategies, as well as distribution and promotion networks.
Products or Services Explain the music related products and services your business is offering. Are you selling physical CDs or only digital downloads?A Sample Music Production Business Plan Template Music Production Industry Overview Music production business is without a doubt a thriving business that has loads of players making huge profits from the industry.
If you are looking for a sample music production business plan template, here is a business plan for starting an music recording and production business and. A Sample Music Production Business Plan Template Music Production Industry Overview Music production business is without a doubt a thriving business that has loads of players making huge profits from the industry.
Music Publishing Company Business Plan Contents: Executive Summary Company & industry Products And Services Market Analysis Responsible for the cultivation of talent, the production of recorded music products and its marketing, the success of IMP Ltd.
will lay the groundwork for additional IMP profit centers. Jul 12, · Below are some sample production business plans for Video and Film Production, TV production and Music Production. Review the following sample entertainment business plans and tailor your own business plan for production company as per the sample plans described/5(4).
Details on each of these plans can be found in previous posts and outlined in depth in my template, You don’t have to take my work for it however, there are tons of resources online that will tell you the same thing about business planning.