Starting a recording studio can be an exciting experience which is laced with technical and financial challenges like most business. The work of recording studios is to provide clients (which are, artists, record label owners etc) with high-tech and high-value equipment, and expertise to produce marketable work on a rental basis.
To get into a studio business, one must be fully equipped to provide clients with their needs and wants in a professional way and in a cool and calm atmosphere for clients to flourish. Technical know-how and experience is highly needed for the success of this business - same with equipment and techniques in order to achieve desired results.
Here are the steps on how to start a studio business
STEP ONE:
Get trained. You need to obtain the necessary training and expertise to ensure you are familiar with the high-tech equipment needed to run your studio. So apply for internship at an already established recording studio and get the required knowledge.
Get trained. You need to obtain the necessary training and expertise to ensure you are familiar with the high-tech equipment needed to run your studio. So apply for internship at an already established recording studio and get the required knowledge.
STEP TWO:
Research. Before you start your studio, it is good to carry out a market research - this research will enable you see and focus on critical areas like, your competitions, target customers and also compare price rates.
Research. Before you start your studio, it is good to carry out a market research - this research will enable you see and focus on critical areas like, your competitions, target customers and also compare price rates.
STEP THREE:
Get a business plan. You need to write a business plan that will highlight all the vital areas need to start a studio business. When your business plan is well written, it will ensure that you get that financial assistance whenever you need it from investors or lending institutions.
Get a business plan. You need to write a business plan that will highlight all the vital areas need to start a studio business. When your business plan is well written, it will ensure that you get that financial assistance whenever you need it from investors or lending institutions.
STEP FOUR:
Rent a facility for your studio business. You need to find and secure an affordable property where you can operate your recording studio from - like a warehouse or an open building down town will do just fine.
Rent a facility for your studio business. You need to find and secure an affordable property where you can operate your recording studio from - like a warehouse or an open building down town will do just fine.
Get the required license and permit for your business. In as much as there are no specific license or permit to run a recording studio, it is still wise to go get the necessary paperwork done to see to your business been referred to as a legal entity. Getting this done will show to clients that you are in serious and plan on been in the business for a long time.
STEP SIX:
Set up your studio. Once you are able to secure a spacious place along with the permits to operate, the next step is to set the place up and make it fully ready for business. Start by building and designing the perfect sound proof control room, listening room, performance room etc.
Set up your studio. Once you are able to secure a spacious place along with the permits to operate, the next step is to set the place up and make it fully ready for business. Start by building and designing the perfect sound proof control room, listening room, performance room etc.
You need to also furnish the studio with equipment such as, recording device, headphones, microphones, mixing console, play-back equipment etc.
STEP SEVEN:
Insure your studio. While most studio owners might not see the need for this, you need to make the wise decision to insure your studio - by purchasing a general business asset and liability insurance from a reputable insurance company. This will protect you and your business from any unforeseen and unpleasant circumstances.
Insure your studio. While most studio owners might not see the need for this, you need to make the wise decision to insure your studio - by purchasing a general business asset and liability insurance from a reputable insurance company. This will protect you and your business from any unforeseen and unpleasant circumstances.
STEP EIGHT:
Promote your studio. Marketing and advertising strategies are essential to the success of any business. So ensure to market and promote your studio through paid advert in local media outlets such as , radio, television, newspaper and other publications.
Promote your studio. Marketing and advertising strategies are essential to the success of any business. So ensure to market and promote your studio through paid advert in local media outlets such as , radio, television, newspaper and other publications.
Another marketing strategy is to print and distribute fliers, business cards and brochures to music store houses, and other sales outlets. Attend music shows and share contact with record label owners, promoters, artists and other personnel in the music industry.