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The Indie labels are similar, however, they are a bit more selective and do not always go for the most commercially viable bands. Hood Records is a Portland based record label for a select group of Portland based bands. Hood Records has adopted the business philosophy that for long term sustainable growth it will be more successful for the label to sign up just a few bands and promote them equally than to sign up a bunch and hope one is a commercial success, enough to float the rest of the bands. It provides the bands with the intimate and specialized focus of the label.The bands recognizes that fact that this label will be working hard to promote just a few bands, and that they will not be lost in the shuffle.
I wrote a post on Music Think Tank Open that was transferred to the main page (an honor in my book) called How to Write a Music Business Plan.
It was a bit fluffy like this one might end up and one of the MTT readers called me on it.
Additionally, the investors (friends and family) are aware of these parameters and have given their blessing.
It will take a lot of work to pull this off, but with reasonable expectation up front and the right management to execute on the business model, it will happen. Hood Records has been founded and will be run by Hillary Mac Quilliams. Immediately after college Hillary went on tour with her own band 180 South.
These, and hundreds more sample business plans, are included in Live Plan.
It's the fastest way to create a business plan for your business.
It was more of a novelty to have started a label and released their own CD.
After the tour the band broke up and Hillary enrolled into law school.
Turn your love of music into a successful business.
First, combine your knowledge with a good business plan.