How To Write A Music Business Plan

If you're in a band or planning on starting one, here's your chance to get some extra, much-needed money for all of your expenses (recording, gear, touring, etc.). business plan/investor proposal will help you get the money "After spending countless hours searching the internet for a business plan model, I was overjoyed to find Peter Spellman's Plan Your Band! It has been an invaluable resource for us in helping us negotiate our first distribution deal with a major.

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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.

But tonight I suddenly found the inspiration to present…

A Sample Music Business Plan for Your Band For those of you who haven’t read my previous posts on this topic, I’ll briefly bring you up to speed.

Once having a solid business plan you will find that you have much more definition to your goals, aspirations and relationships in your business. Do you need some money for recording, touring, building a fanbase, building an online store/website and more? It lays out all the key pieces of how to achieve band success today. Here is the Plan's Outline: 1.0: Executive Summary * 1.1 Strategic Goals & Focus * 1.2 Keys to Success * 1.3 Imaging Statement * 1.4 Project History 2.0: Management Aspects * 2.1 Company ownership * 2.2 Organizational structure * 2.3 Band Partnership Agreement * 2.4 Management team * 2.5 Strategic partners 3.0: Music Industry Analysis * 3.1 General Industry * 3.2 Live Music Industry 4.0: Music Market Analysis * 4.1 General Music Market Trends * 4.2 Niche Music Market Trends * 4.3 Target Customers 5.0: Competition Profiles * 5.1 Points of Difference * 5.2 Positioning 6.0: Marketing Strategy & Tactics * 6.1 Marketing Strategy * 6.2 Marketing Mix 7.0: Operations & Facilities * 7.1 Office Location * 7.2 Administration & Production * 7.3 Inventory * 7.4 Suppliers 8.0: Development * 8.1 Plans for Growth * 8.2 Opportunities and Threats 9.0: Financial Data and Projections * 9.1 Financial Assumptions * 9.2 Key Metrics: Trackable Business Objectives * 9.3 Three-Year Cash Flow Statement/Projections * 9.4 Selling, General & Administrative Expenses Appendix A: Sample Investor Agreement - Long Term "Having a solid business plan is key and Peter Spellman delivers with his new e Guide, Plan Your Band!

Plan Your Band is a MUST HAVE resource." Are you starting a band? Simply customize the template, hand it to your potential investors (parents, relatives, local banks, PR firms, etc.) and wait for the investment dollars to come rolling in. 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.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.At graduation, law jobs were extremely difficult to come by. Hood Records exists as a locally based record label whose mission is to promote local music groups, increasing live appearances and record sales. Hood Records has been established to promote its bands and at the same time make a fair profit.After no luck in her job search, Hillary began to consider something in the music industry because of her passion for music. 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.These, and hundreds more sample business plans, are included in Live Plan.It's the fastest way to create a business plan for your business.

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