getting money to start a recording studio business
TRANSCRIPT
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Getting Money to Start a Recording Studio
Businesspresented by
RecordingStudioProfits.com
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Funding Your Recording Studio
Starting a recording studio business is a great way to earn money, but can cost thousands to set up a "professional" studio. Larger studios with high price gear will cost you much more. Here are some ways to find money for your studio...
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Write a Business Plan
● If you expect to find investors, you need a business plan
● Spell out exactly how much money you need for your recording studio
● Ask other small biz owners for help or go to your local small business chamber
● Many online tutorials available, too
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Approach Banks
● Now that you have your business plan, you can ask banks for a loan
● Government grants are sometimes available● This can be difficult in today's economy● Instead of a small business loan, consider
taking out a personal loan to purchase key equipment
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Approach Individuals
● Parents, close relatives, rich acquaintances can all be sources of funding for your studio business
● Independent (angel) investors often loan money to entrepreneurs
● Consider partnering with a friend who has money, equipment, or space for the recording studio
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Learn how to start a profitable recording
studio business
RecordingStudioProfits.com