Music Business Plan

In: Film and Music

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Creating a Successful Business Plan (for the Artist)

Creating a Successful Business Plan (for the Artist)
Prepared by SaskMusic (the Saskatchewan Recording Industry Association) http://www.saskrecording.ca/ The following document was created strictly for those interested in understanding the different aspects of a business plan. There are several models for creating business plans and as such, this is only one possible model. Make sure that you are writing a business plan which best reflects you as an artist and your music.
Just a reminder: Your business is your music, your band and all of the promotion and marketing that you do for yourself so that you are successful in this industry.

What is a Business Plan?
The business plan outlines your professional goals, how you will achieve those goals and the resources that you have and need to get in order to achieve those goals. It is basically the story of your career and your business. The business plan takes you from the “idea stage” to the “action stage.”

Why Write a Business Plan?
At the very basic level (and perhaps the most important level), the business plan will allow you to focus your thinking, set a realistic plan with realistic goals, and get you moving forward with your career. Additionally, the business plan can be used to bring in key players whom you would like to have as a part of your team.
These key players might include prospective managers, agents, labels. The business plan shows these people that you have thought about your career, planned how you want to achieve your goals and treat your career seriously.
Finally, the business plans are often used to obtain financing from investors, banks, venture capitalists, government, etc. The business plan might be included in applications for FACTOR or SRIA’s new funding programs.

Preparation for Writing the Business Plan:
•…...

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