Work through the sections in any order that you want, except for the Executive Summary, which should be done last. Skip any questions that do not apply to your type of business.
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.
Most labels take the shot gun approach to sales. They sign up lots of different bands and hope a few make it big. On the bands that are a commercial success, there are huge windfalls of profit to be made by the record corporations.
The Indie labels are similar, however, they are a bit more selective and do not always go for the most commercially viable bands. Products and Services Mt. 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.
This approach is quite appealing to a few bands. It provides the bands with the intimate and specialized focus of the label. The Business Model In order for this record label to succeed, a lot of sweat equity will be required will little to no revenue stream for the first year.
For many businesses this is quite difficult to swallow. Hood Records it helps that these realistic expectations have been established up front, and will not be an unwelcome future surprise.
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 MacQuilliams. Hillary is a veteran of the music industry. Immediately after college Hillary went on tour with her own band South.
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. It was more of a novelty to have started a label and released their own CD.
After the tour the band broke up and Hillary enrolled into law school. At graduation, law jobs were extremely difficult to come by. After no luck in her job search, Hillary began to consider something in the music industry because of her passion for music.Each free business plan template is available in Microsoft Word (DOC) format, and many of the Business Plan Forms are available in Excel (XLS) format as well.
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The Home of the 4 Hour Investor Grade Business Plan. Faster investor quality documentation using HyperQuestions. Small Business Pack Business Plan PROPRIETARY INFORMATION: Do Not Distribute Page 1 Executive Summary The Executive Summary is the doorway to your business plan.
The summary should outline and emphasize your plan’s main points. Objectives Setting your objectives, such as market share, sales, and profit, will determine your business goals. Make. Over the past decade, however, a different sort of free has emerged. The new model is based not on cross-subsidies – the shifting of costs from one product to another – but on the fact that.