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Sometimes it is great to go with your gut and start a business, but knowing the reality of what the current market scenario is as well as understanding the financials involved will arm you with knowledge to make much better decisions as a business owner.
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THE RECORDING STUDIO BUSINESS A business plan gives you a lot of insight into some major aspects of your business, like running costs, pricing, how much you would need to invest, returns etc. 1. Cover and Title Page This is a pretty self explanatory step, here you can write the name of your planned business. 2. Table of Contents List down all the sections that the Business Plan lists along with the respective page numbers. 3. Introduction Your background in the field and your motivation behind starting a professional recording studio business. 4. Financial Requirement This gives a clear instruction to the prospective investors as well as banks to look at whether this meets the criteria . 5. Startup and Marketing Plan This is a very important and outline your main strategy in terms of the clientele. 6. Available Infrastructure List down all the assets that you already own like any of your pro audio equipment and a detail of all the costs involve. 7. Cash Flow Projections This is the make it or break it section of the plan. Here you should list down what your stream of revenue generation. 8. Growth Plan Forecast of the growth of your marketing initiative and how you can justify the growth. 9. Tax Returns / Should you apply for GST The process of obtaining License. Gray Spark Audio, Pune H T T P S : / / A C A D E M Y . G R A Y - S P A R K . C O M / H O W - T O - S T A R T - P R O F E S S I O N A L - R E C O R D I N G - S T U D I O - 1 /