How To Write A Music Business Plan

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Turn your love of music into a successful business.

First, combine your knowledge with a good business plan.

Hood Records is an unusual but sustainable business model for a record label.

The company has been founded by Hillary Mac Quilliams as an Oregon registered LLC.

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.The first comment was, “Would have been stronger with a template or sample.” I got pissed off and created a template. However, I never provided a sample for two reasons.One, I thought that I might loose business opportunities by providing a sample of a plan that I’ve done.Additionally, the investors (friends and family) are aware of these parameters and have given their blessing.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. Hood Records has been founded and will be run by Hillary Mac Quilliams. Immediately after college Hillary went on tour with her own band 180 South.These corporations control over 87% of the CD sales in this country.8% of the sales are controlled by Indie record labels, a less commercial version of the large corporations.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.The Indie labels are similar, however, they are a bit more selective and do not always go for the most commercially viable bands. 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 success, enough to float the rest of the 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.