Creating a record label business plan is a necessary step if you are intending to start any type of business in the recording industry. To obtain investors, financing and other types of start-up capital you will need to have a clear, concise business plan. Here's what you need to know to create a solid business plan for your company.
Create a cover sheet for your first page. The font can be any type and can also be arranged however you like, but you should include the name of your company, the names of all the owners and a current date.
Explain the purpose of your business and include a mission statement. This will give people a clear idea of what you intend to accomplish and the basic functions that your business will serve. A mission statement is also an excellent way of conveying your main goals and aspirations for your company, so take some time to create a statement that really represents how you feel and what your business will set out to accomplish.
Dedicate a section of your plan to promotion and advertising. Potential investors will want to know how you intend to advertise and promote your business to attract customers, clients and talent.
Write a financial section detailing the current state of your company's finances, as well as your plan for the future. This section is equally important to banks and investors who you are looking to borrow money from because they will want to make sure that you have a solid monetary plan for your business.
Detail your management and member structure. This is the section where you'll need to explain the positions of the people who will be in control of your record label. It may be that the owners are also the managers, but whatever your structure is you need to make it clear and understandable.
Attach any extra documents that show proof of property, income or assets. Anything that you've explained in the financial section should be backed up by actual documents in this section. This could include bank statements, loan documents or any other type of financial records.