Structuring Your Record Label – Part 2

by Trevor T

structuring your record labelHere’s part 2 of Setting Up Your Company Structure:

This post will follow up from the last email, helping you to lay the foundations for your record labels success.

Recruiting Help

Once you start to run as a record company, you will realize that there is a lot of work to be done. It will continue as time goes by. Even if you could, you don’t have to do this alone.  Making sure that you set up an internal structure that works for you will allow you to have more man (or woman) power to help you or your company move in the direction that you want to proceed in.

There are many one person record labels that will choose to do everything alone when they are starting out.  However, if you are interested in having a working environment that helps you to meet full capacity, then you will need to approach the situation a little differently.

A good working environment that combines with a correct business structure should start with putting in place the legalities of working with others. Things such as payroll and partnerships should be defined through legal help or by setting agreements, contracts and working standards with others.  Make sure you seek advice from your legal representative and accountant before you reach to this point.

Once you have done this, you can recruit help or staff for your business.

Finding other musicians or like minded individuals who want to be a part of the deal or who are interested in becoming a part of your record label can help to take some of the burden off of your shoulders.  Dividing up tasks such as  admin, driver, coffee maker to engineering, mastering, pre-mixing and or recording, etc, will provide you with much needed help, so that you can concentrate on the parts of the business that you are good at, like making sure all the parts of your business is running like it is supposed to .  Going solo will mean having to wear many hats and could become very demanding.

Plan out exactly how you want your record company to be run and tell whoever works along side you to follow the company plans and goals. This will enable a professional working environment and will allow you to drive your label in the direction towards success.

If you missed part 1 of Setting Up Your Record Label Structure, you can catch up by going here.

Until the next time, stay tuned!

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