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Business Plan (Record Company)

Business Plan: Starting an Independent Record Label

Introduction

First of all I am setting down the employees of “Les Incompetents™”.
There are three of us: The Label manager (who is responsible for running the label), an A&R (the talent scout who mentors the artist through to final recording) and a business developer (who is responsible for the business deals). Although every one of us has a specific title, being a small independent label, we all work on every issue.

The funding of the label came from our personal funding (representing 85% of our funding). I, the head of the label brought 55% of the full funding, the two other equally brought 15% each of personal funding into the label. Three of our friends (5% each) came in for the last 15% to help us as we had trouble finding a bank which would loan us the money for an independent record label! There is no interest on this loan and we have an oral agreement that we have five (5) years to pay back the loan.
We......


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Approximate Word Count: 4229
Approximate Pages: 17 (250 words per double-spaced page)

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