Budgetary And Resource Requirements
For My Creative Enterprise
Requirements
As a musician within
in the music industry, you would need a variety of social media, in order to
get music out there and gain “followers.” You would also be required to go on
tour, which would mean money would need to be spent on tour buses or flights to
different countries.
Merchandise could be
sold online or at shows, which allows “fans” to purchase memorabilia from
concerts, or just clothing items that show their interests. Merchandise sold
could include, T-shirts, Hoodies, CDs, Cassette Tapes, Vinyl, Cups or Hats,
etc.
Music videos have
become a popular and quite vital thing for aspiring musicians. Music videos are
used to attract the attention of one’s audience or to add meaning to songs and
pieces.
You could also be
expected to have your own style. This could be style of clothing or genre of
music. This could also be shown in music videos.
What Would The Money Be Spent On?
“A settlement shows the
costs incurred in varying sizes of venue next to the revenue.
·
Cover Sheet – Shows the details of where tour is going.
·
Whole Tour – Shows vertically the income and expenditure for each venue.
·
Ticket Settlement – Shows the final amounts paid to the artist
by the promoter on an 80% average deal. They will have had a guaranteed fee,
but having done good business, the percentage agreed of gross sale, less VAT,
and show expenses will exceed this. For example, the final sum paid for five
shows in four venues, closing with two successive nights in one city totals (£42,230.70).
This sum will be subject to management and agency commissions which could total
as little as 10% (£42,230.70) or as much as 30% (£12,6692.10).
·
Venue Sheets – Each Venue in detail."
Where Would The Money Come From?
The money could come
from private investors, a venture capitalist, a record label, an angel investor
or through a loan.
Money could also be
used from selling merchandise.
Music Businesses And Money
· Fashion Consultant: Some artists need help with their look and
image. From working individually with the artists or working through a manager
or a record label, this job helps create overall appearance and branded image
of an artist or brand.
·
Hair and Makeup: This job option includes photoshoots and
specific gigs, but many larger- scale artists travel with hair and makeup
personnel.
·
Sound, Light and stage designer: Designing the lights or the stages for tours
and artists with large budgets.
·
Choreographer: Many artists need dancers, and dancers need a choreographer.
·
Instrument Builder: Building instruments for the musician.
·
A&R (artist and repertoire): Finding musicians and artists less of a job
due to the internet, but if you have a good ear, an eye for development, and an
understanding of what it would cost to develop an artist, you could be in
A&R.
Important
Websites
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