How To Start Your Own Music Production Company

Music production is a booming industry. The music business has changed so much in the last few decades, and now it’s easier than ever to start your own company. But how exactly do you go about it?

You need to do several things to start a music production company. The basics include building your music production skills, getting the right equipment and space, choosing a suitable name for your business, and filing the necessary paperwork.

Starting a music production company can seem daunting if you don’t know where to start. But don’t worry, we’re here to help!

We will go over the basic steps on how to get started. From finding a location and getting equipment all the way down to setting up legal protection for yourself – we’ll cover everything. So, let’s get this show on the road. 

How Do I Start a Music Production Company?

So, you’re interested in starting your own music production company. You have been thinking about it for a while but don’t know where to start. You’re not alone. Most people feel this way when starting a business. 

Here are some of the things you need to do to start a successful music production company:

Learn the Business Model and Build Your Skills

A sure way to fail is not to have a business model or the skillset to pull it off. So before starting your production company, learn about the industry and what’s required of you.

• What services can you offer?
• How will you market yourself?
• Do you need employees?

Once you have a good understanding of the business, start building your skillset. 

The type of skills you need will depend on the services you plan to offer. If you’re going to be a studio engineer, for example, you’ll need to know how to use the software and equipment. 

Additionally, you can specialize in mixing, mastering, beat making, music production (in general), etc.

Start by learning the basics and then move on to more advanced techniques. There’s no limit to what you can learn!

Create a Business Plan

Once you’ve figured out what you need to do, it’s time to start putting everything together in a business plan. This document will outline your business goals, strategies, and how you plan on achieving them. Business plans hold you accountable and in line with your vision and mission.

It’s also essential to have a financial section that includes projected income and expenses. This will help you determine if your business is viable and give you an idea of how much money you can invest.

Here’s an overview of how a business plan is laid out:

• Executive summary
• Company description
• Service or product line
• Market analysis/target market
• Competition
• Revenue streams
• Marketing
• Expenses
• Team/key roles
• Financial projections
• Milestones

Choose a Business Name and File the Necessary Paperwork

Once you have your plan, it’s time to choose a name for your business. The best way to do this is by using the county clerk’s office in the area where you live or work. You can also check with your state government agency online since they may be able to help you find the information you need.

Afterward, you need to file a DBA (Doing Business As) form. This is a document that legally registers your company name. Some states also require you to file additional papers and tax forms.

Find a Suitable Working Space

You’ll also need to find a location for your business, whether that’s at home, in an office, or warehouse space. This must be large enough to store all of your equipment and have room to accommodate any other needs, such as running cables through the walls if needed.

Are you going to be recording artists? Record a 5 piece band? Maybe all you need is a small section of your living room!

Create a Website and Establish an Online Presence

You’ll want to create a website and establish an online presence to get the word out about your new business. This can include setting up profiles on social media sites like Facebook, LinkedIn, etc.

My recommendation (and what I use) for Webhosting is Bluehost combined with WordPress (.org not .com). For my WordPress theme, I use Generate Premium; they have a free version too, it just has fewer customization options.

Get the Right Equipment

Of course, to start a music production company, you’ll need the right equipment. This includes computers, software, recording equipment, and more.

Start Producing Music, Hire Artists, and Distribute

Once everything is in place, it’s time to start producing music. Start by creating a portfolio of your work and sending it out to potential clients. Once you have some work under your belt, start hiring artists. Finally, distribute your music through online stores and streaming services.

Depending on your workload, you may also need to hire additional staff members. This could include a web developer, graphic designer, and more.

Make sure to keep your business organized and track your expenses and profits. This will help you stay on top of things and make wise financial decisions.

Network With Other Industry Professionals

Networking with other industry professionals is vital for success in the music production business. Attend conferences, meetings, and other events to meet people in the industry.

Conclusion

There you have it; tips on starting your own music production company. With a little hard work and dedication, you can succeed in this lucrative industry.

So, don’t keep your dream buried inside your mind anymore. Instead, let it come alive by taking the necessary steps to make it a reality.