How much money would you need on average to start a business? I'd like to build my own recording studeo?

Question

I'm interested in building a recording studio where people can come and record music. How much would you say are building and land cost? Equipment cost? Ect

Whats the best way to get the money? Loans? Support Groups? How did you do it?

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* The Savvy Studio Owner: A Complete Guide to Setting Up and Running Your Own Recording Studio by John Shirley, Richard Strasser
* Make Money with Your Studio: Setting Up and Operating a Successful Recording Studio by Tom Volinchak
* The Studio Business Book, Third Edition by Mitch Gallagher
* How to Build A Small Budget Recording Studio From Scratch: With 12 Tested Designs (TAB Mastering Electronics Series) by Michael Shea

I also posted links to some free articles in the source box.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

I would have to say on a safe side for all the equipment, and everything else around $250,000. No shiit that kind of equipment can be expensive, plus have a place.. you thinking big bucks, congrats on the idea. I would do that but I am becoming a doctor.