English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

i'm a young person(19 to be exact) who wants to open up a recording studio for artists in my small town. the problem is i don't know where to start. i have no credit history, no real work experience, and my parent's don't even make nearly enough for me to get a loan for college,nevertheless for opening up a business. i want to make this happen, but am i just wasting my time at this point in my life. (i had the idea for that stupid swiffer thing when i was 7, i wish i was old enough to capitalize,lol), anyway, where do i start?

2006-09-24 12:41:55 · 7 answers · asked by Anonymous in Business & Finance Small Business

7 answers

walk into every bank and go to the investment desk and ask them. they will open a brokerage account for you. $1000 investment in a compant will grow and grow. My 25k turned into 115k in 3yrs. so good luck.

2006-09-24 12:49:53 · answer #1 · answered by Necat T 3 · 0 0

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. 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!

2006-09-25 12:22:01 · answer #2 · answered by TM Express™ 7 · 0 0

Well, you're on the right road, you just need to know how to fully get there. I'm 22.I have the same ambitions as you do. I want to start a production company that will make movies,videos, and music. And I also have an idea for an invention. Too bad it didn't work out for you and the swiffer, you could be filthy rich. What I plan to do first is to start a small business from home, which will give me the time and the money to start my production company. The only problem is finding a legitimate opportunity as there are so many scams out there. To make matters worse, my mom just told me I need to get out her place by March! But good luck, and I hope you find the advice and help that you need to get started. And remember, a lot of people start out just like you are now, and become millionaires!

2006-09-24 19:50:59 · answer #3 · answered by indrep33 3 · 0 0

1) Get to the library and read every book in the small business / how to start a business section. If your town libary is too small, ask the nice lady how to use "interlibrary loan" and the Library of Congress index. For now, ignore the internet, because you need solid, basic background info and it's too hard to find that on the internet.

2) Get subscriptions to every music industry magazine you can find (not the "fan" magazines, but the "industry" magazines like Billboard) - again, ask the nice library lady how to find them and sign up.

3) Read every article in every magazine for at least 6 months. Everytime you see a quote or interview that's useful or interesting, write a nice, short personal letter to that person. Use this format:
"Dear whoever, I really enjoyed your comments in Billboard last month, I was impressed with your industry knowledge. I wonder, would mind answering one question for me? (and ask a smart question that helps get you closer to your goal, for example "if you wanted to open a recording studio in a small town, how would you do it?"
You'll be amazed at the help and answers you'll get, I promise.

4) Meanwhile, find a job in a record store, or working in a club that has live music, or something that has something to do with music, and meet all the people, shake all the hands, ask all the questions you can.

If you do this, within 6 months you'll have a much clearer plan.

Good luck.

2006-09-24 20:15:10 · answer #4 · answered by scott.braden 6 · 1 0

given your circumstances I would suggest you get a job in a recording studio to learn the the business from the inside. This may help you avoid some costly mistakes and you will be making some money in the meantime.
Dream big but don't forget there is still reality in this world.

2006-09-24 19:53:56 · answer #5 · answered by pappy 6 · 0 0

first try to go to a community college and take some business courses, and find a part time job working in the field of recording studios... learn the ins and out of this business, take course at junior college...you need to take steps like this to pay your dues...after about 5 years of experience, look to open your own business at that time. you also need to save up money to start your own business, many factors you need to learn [cost of equipment is a major factor. and how to use it is important....

2006-09-24 22:32:15 · answer #6 · answered by churchonthewayseniors 6 · 0 0

Have you ever heard of BurnLounge? Not very many people have heard of them, as they just started in October 2005. BurnLounge gives you several options for affiliation. With BurnLounge, you can buy music, sell music, and promote new musicians (for example unsigned bands) on your BurnLounge site. They have music sites now, but will be adding ring tones, movies, DVDs, video games, concert tickets, audio books, etc.

Here are some sites for you to check out and if you have any questions, please feel free to contact me at tonja_myers@yahoo.com or tlm16365@hughes.net

To check their legitimacy: My site is http://burnlounge.com/mlbliss and you can also research them at http://corp.burnlounge.com and http://help.burnlounge.com

2006-09-25 09:29:38 · answer #7 · answered by tonja_myers 4 · 0 0

fedest.com, questions and answers