Rough Draft Business Proposal:
A PowerPoint business presentation by James Duffin, Jamie Hughes and Mark Teasdale. Here is a list of topics we shall be covered within out presentation. The business
Funding
Competition
Location
Market
Future goals/expansions
And a section for Q & A.) The Music Hub is a business venture created by 3 musicians/music enthusiasts. To aid in the development of fellow
musicians and enthusiasts with the services/packages we shall provide. What is our goal? The Music Hub is a collective of 3 business ideas which all shall be located under one roof. The Studio:
The studio will provide musicians the opportunity to purchase studio time at competitive rates to record their compositions. Using a combination of digital and analogue hardware. Mixing and mastering services. Band Merchandise:
The Music Hub will provide merchandising packages to bands such as
CD/DVD reproduction
T-Shirt printing
Video recording
Studio start up costs:
Gear - £20,000
Sound proofing - £5,000 - £10,000
CD/DVD reproduction: £2,500
T-shirt screen printing - £5,000
Discount
The Bar:
Theme/Layout
Menu/Offers
Day to day running/Management
The Venue:
Funding and Finance:
To fund/finance the Music Hub, we shall approach the following
Sponsorship
The Princes Trust
Small Firms Loan Guarantee
Arts Council
Local Council
Location (Liverpool):
Major investments
Local amenities (3 train stations)
City attraction
Heart of the local art/music scene
Close to the 3 universities and student accommodations (Liverpool, John Moores and Hope University). Who are our competition? Around Liverpool there are a number of recording studios and venues. The following businesses are used as a comparison:
Sandhill Studio
Crosstown Studio
Miloco
Whitewood Studio
Bling Studio
What services do the competitors off? Sandhill Studio – Recording studio
Crosstown Studio – Recording studio, video (in studio) and packages (recording studio, video, CD reproduction.) Miloco – Recording studio, mixing, mastering and CD/DVD reproduction
Whitewood Studio – Recording studio
Bling Studio – Recording studio and workshops. What is our competitive advantage? While the combined businesses mentioned provide some of the same services, we provide those plus additional ones. This model is now copyrighted and is in the process of development
