Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.
Insurance documents Lease agreement Label a section Business Profile and explain the business end of your recording studio to potential investors, partners and loan officers. Create a new section, People Profiles, and include individual profiles of the people involved with your recording studio.
Note their special skills, experience, knowledge or education relating directly to recording or business. Using only facts, no rhetoric, demonstrate you are capable and dedicated to running a profitable recording studio.
Label a section Office and Communications Budget and calculate a budget for the business end of your studio. This budget can be a simple list including office space, telephones, laptops, bookkeeping software, fax machines and anything else involved in the business end of your recording studio.
Label a new section Equipment and Media Budget and include all expenses for recording equipment and construction and other costs for the actual recording aspect of your business. This budget can be a simple list of expenses, including consultants, sound reinforcement, hardware, software, mixing decks and anything else in the studio.
Include budgets for and brief descriptions of each piece of equipment. Label a new section Licenses, Permits and Business Name. Include information on the zoning for your place of business, licenses required to do business and the name you will do business under.
If you intend to have employees, acquire and include an employer identification number EIN from the Internal Revenue Service see Resources.
Label a new section Insurance and list any insurance costs associated with your studio. Create a section named Premises and provide technical data about the physical space and costs of your business. Include the dimensions of your office and the studio space as well as any plans for expansion.
Also include the costs of your studio space as a percentage of profit, your lease sign-off if you have one from the landlord and copies of any zoning confirmations you have. Label a new section Accounting and Cash Flow and address your start-up balance and income projections for at least six months.
Include a monthly, detailed breakdown of your income versus costs, accounting for the daily expenses of running your business. Describe how income from recording is processed, collected and accounted for and also the procedures for payment of your employees, including yourself.
Label a new section Financing and demonstrate the origin and destination of any start-up money. A flow chart showing any start-up investments, government assistance or business loans, and how they are to be spent, works best.
Create a section for your Marketing Plan and explain your scheme for advertising and marketing your recording studio. Include a timetable for and the costs of any advertising and direct marketing you intend to peruse.
Draft a cover, executive summary and table of contents and an appendix for any documentation or diagrams. Place the cover, executive summary and table of contents before your first section, and add the appendix to the end of your business plan.
Tips Always include any information that makes your business stand out, such as a unique piece of recording equipment or a particularly experienced engineer. Review other business plans to gauge the breadth of your plan.Free Recording Studio Business Plan For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below. If you're looking to build a studio, there's masses of information out there — but no substitutes for professional advice and experience.
The basic plan for Jon Burton's Laundry Rooms studio complex, as devised by Recording Architecture. Nov 01, · Recording Studio Business Plan. Hello all. I am looking into setting up a medium to smallish recording studio in the North East of UK and I need to create a business plan.
Riverside in Glasgow have opened a sound recording school, others have specialised in radio, film and TV work. Sound & Video Recording Studio Business Plan "The value of a business plan is not so much the final document that is produced, but rather the degree of clarity, focus and enlightenment that the business owner develops by engaging in the process.".
A Profitable Home Recording Studio For $10, Jumping in to starting a business can be scary and investing in a home recording studio is no exception. There are many things to consider when doing so. Recording Studio Business Plan – Executive Summary.
Crispy Clear® Recording Studio is a one stop and standard recording studio that is fully equipped with the .