Template For Writing A Business Plan
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?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.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?
History and experience What is your music industry experience?
But what should you include in a record label business plan?
For starters, it should include: - An overview of your business idea -Your aims and goals - How you’ll earn/spend money - Any potential problems - How you’ll measure progress We’ve created a free-to-use Record Label Business Plan Template, to help budding entrepreneurs get started writing their plan.
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.