When Running A Record Label, Don’t Forget To Budget For Recoveries

Nothing is more fulfilling than opening your record label, getting your artist in the studio, laying down some tracks and mastering your final project. You’ve gotten investors involved who really believe in your project as much as you do and they’re putting a significant amount of money behind your company for both production and marketing. The only uncomfortable part about the whole process is that they have accountants, business managers and financial gurus working for them behind the scenes and they need you to put together a budget

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How Can I Get A Record Deal?

. There have been more than enough bands and artists that have “made” it by grinding the old-fashion way and that’s ‘hustle’, pure and simple. Don’t overcomplicate this exercise. You don’t need a business plan or a LLC. You don’t even need financing. If you live in a large town play the local clubs for a fee, donations, or a part of the door receipts or whatever you can bargain for. If you live in a small town hold shows in the local bar, park or even in your garage and charge a fee to attend. Once you make enough money, produce your own record

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