Key measurements for your music business plan
Music business plan - The actual things a music business plan needs to measure depends on the business itself, but as a general rule the measurements will fit into these categories;
Cash – music business plans generally don’t go bust because they don’t make enough profit, they go under because they can’t pay their bills.
Sales and marketing – music business plans can’t earn money without sales but it can be a long process involving prospecting, then managing leads through to sales before finally selling more to existing customers.
Production – if you sell products then you will have to buy stock and sell enough finished product to make a profit. If you sell services, you need to make sure you provide enough to cover your costs.
Here is a look at each of these in more detail.
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