Financial forecasts and sales How will your label turn a profit? If you already have a financial history, make sure to set it out clearly and make realistic projections for the future.Long term, short term & contingency plan A good way to sum up your business plan is with a short-term, long-term and contingency plan, to demonstrate foresight and the ability to adapt to new challenges.Tags: How To Make Your Own Business PlanEssay On World War 2African American History EssayWas Trudeau Justified War Measures Act EssayAll About Essay WritingCreative Writing Lesson PlanArgumentative Essay On Cell Phone Use While Driving
It’s also important to demonstrate how you’ll measure your achievements by identifying your Key Performance Indicators (KPIs).
KPIs could include your expected profits margins, streaming and download targets, or expected media coverage.
Print out your plan and present in an eye-catching folder or binder.
Understand your market Demonstrate a clear understanding of the music industry and your target market.
Make sure you're using a desktop computer to easily view & edit the template.
History and experience What is your music industry experience?Make sure you’re realistic what you and your team can acheieve.Also, do you have access to a studio or any other facilities to help your label thrive?Who are your competitors and where are your opportunities for success?Understand your finances Whether you’re in it for the money or not, understanding your financial limitations and objectives is extremely important, especially if you’re hoping to grow and develop your label, or attract investment now or in the future.Operations and management Who’ll be running the day-to-day operations of your label?Will you be taking on any staff or partners to help you run the business?Important: This link will take you to our 'View Only' business plan on Google Docs.Just click 'File Make a copy...' to create your own editable version.How will you promote and market your artists, events and releases?Have you carried out any market research, and do you have any opportunities, clients or deals already lined up?