| Exactly how to start a record label is quickly | | | | *Estimate these figures. |
| becoming what many wanting to get piece of the | | | | Type Of Business Your Record Label Will Be: |
| music industry pie are looking to learn. | | | | You must "incorporate" your business to cover |
| Hey, with the global music industry being a $48 billion | | | | yourself legally. You, you'd like to get right into the |
| dollar per year business, independent label production | | | | recruiting of musical talent, getting your name out, |
| being a $12 billion per year industry, and many record | | | | and start spitting out records to the market. |
| label owners becoming the focal point of this | | | | But before any of that can happen, you must be |
| money-making industry, if you can quickly and | | | | legally backed. You don't want your record label to |
| efficiently learn the ins-and-outs on how to start a | | | | take off, and then all of a sudden the government or |
| record label you'll no doubt be tapping into a gold | | | | some individual come knocking on your door serving |
| mind that grows by leaps and bounds every year. | | | | you with some type of legal papers because you |
| Now, you have to have an honest view of what | | | | may have violated some type of law. |
| starting your own record label business entails: there | | | | Cover yourself. |
| is no overnight success in this field. This is because | | | | There are several forms of business that you can |
| you stand to compete against major labels and other | | | | incorporate: |
| independent record label producers. | | | | *sole proprietary |
| However, if you know what you must do to make | | | | *partnership based (if you go with this type of |
| this happen, in a step-by-step format, there's truly | | | | incorporation all the terms and conditions of |
| nothing that can stop you from reaching your goal, | | | | partnership should have been drafted as agreement |
| nothing but yourself. | | | | stating the liabilities and responsibilities of each of the |
| Keep in mind that 99% of those wanting to get into | | | | partner) |
| this field simply have the desire, but they don't have | | | | Then, you must go on and obtain a business license, |
| the knowledge. | | | | which can very easily be done from the city or |
| They just know the type of music genre they'd like | | | | county business license office. |
| to get into, etc., but they don't know the first step | | | | Other Factors To Consider To Start A Record Label: |
| into physically making it happen. | | | | *The distribution of the music itself. |
| Here are some questions, factors, and qualities you | | | | *The managing of the recording. |
| must have to start a record label: | | | | *What name you're going to select to call the record |
| | | | label, and how to legalize that as well at Registrar of |
| Money To Start A Record Label: | | | | Deeds office in your state. |
| Yes, this is the a big one, if not "the" big one. Make | | | | *The bookkeeping. |
| an estimate of what you would be selling and how | | | | Qualities You Must Have To Start A Record Label: |
| much you would charge for it. | | | | You must be a very passionate person at what |
| Ask yourself these questions: | | | | you're doing and be able to promote yourself, the |
| *If you are going to employ outside artistes, how | | | | record label, and all of the talent. |
| much are you going to pay them? | | | | Again, these are just some of the questions, factors, |
| *After payment to them and estimated costs, what | | | | and qualities that you'll need to either answer or have |
| is it that you are going to make for each CD that | | | | in order to start your own record label and claim your |
| you sell? | | | | piece of the $48 billion dollar per year pie! |