Proposals are carried out to achieve a certain objective or goal. In addition, we will also offer special discounted rates to all our individual clients at regular intervals. If you are music inclined, you should start thinking of ways to benefit from the booming music industry, and one of the ways you can benefit from this industry is by starting your own music school. On the other hand, as the economic recovery took hold, rising per capita disposable income drove consumers to increase spending on activities which including musical instruction, supporting revenue growth in the industry. Ensure that all our musical instrument instructors cum trainers and other staff members wear our branded shirts and all our vehicles are well branded with our corporate logo et al. This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. Statistics has it that in the united states of America alone, there are about 13,470 registered and licensed (accredited) music schools scattered all across the United States responsible for employing about 91,328 people and the industry rakes in a whooping sum of $4 billion annually. Start Your Plan. At Maestro Melody Music School®, LLC, our students’ overall best interest would always come first, and everything we do is guided by our values and professional ethics. Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. As a new music school in Palm Beach – Florida, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated music school industry; that is perhaps our major weakness. When I graduated from university, I remember having several thoughts echoing inside my head about music teaching. You’ll even find a business plan template for specific industries including business plan templates in Word for healthcare providers, professional services, and retail. This statement should encompass what you are looking to achieve as an independent artist, whether it’s “I want to be the number one independent artist in my city” or “I want to form a partnership with a major label.” Advertise our music school in our official website and employ strategies that will help us pull traffic to the site. Writing a Business Plan for a School of Creative Music Education This project was about writing a business plan for a unique school of music that fosters creativity and promotes fun in learning. Please note that the salaries of all our staff members for the first month is included in the expenditure. The target market for a music school is broad and of course all encompassing. We are coming into the music school industry with a business concept and company’s profile that will enable us work with the clients at different learning stages and different status. Our vision is to build a highly competitive and effective music school that will become the number one choice for both individuals and corporate organizations in Palm Beach – Florida and in other cities in the United States of America and Canada where we intend opening our branches or selling our franchise. To survive in this world and the rivalry, musicians have to develop a good marketing plan, so that they can showcase their music in the best way possible. It’s a great way to organise all your thoughts and make sure you have everything in place before you start your business. Sustainability and Expansion Strategy, producing celebrities and “overnight” millionaires, business plan template that will help you successfully write, How Non Profit Organizations Benefit the Society/Community, Providing instructions and training on music and how to play various musical instruments, Merchandise sales (musical instruments, equipment and other accessories). Maestro Melody Music School®, LLC is a standard, licensed, accredited and well equipped music school with state of the art facility and space large enough to contain about 50 people per – time. Print out fliers and business cards and strategically drop them in offices, libraries, public facilities and train stations et al. Music production business is without a doubt a thriving business that has loads of players making huge profits from the industry. There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good. This template has been used by universities such as Princeton and Babson to teach entrepreneurs how to start businesses. Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products. Lastly, in the bid to maximizing profits, loads of music schools engage in home services; they go to the houses of their clients as against their clients coming to their music school. There are so many things to teach and hence you should follow an Elementary Lesson Plan Templates for music or high school music less plan- depending on your class. We will ensure that we hold ourselves accountable to the highest standards by meeting our students’ needs precisely and completely. It’s also been used by over 850,000 businesses to write business plans for bank loans, venture capital and angel investments, business expansion, and even business sales. So also, it is trendy to find music schools as engage in the sales of musical instruments and other musical merchandize in other to generate more income for the business. Proposal samples will make you understand the template better. At this point it continues as a supplemental venture to my 26 hour per week employment as a church musician, and yet, artistically speaking, it has always been the most important musical activity to me of all those in which I am involved. A Sample Music Business Plan for Your Band. Below is a sample music school business plan template that will help you successfully write yours with little or no stress. Certain sample courses have to be followed by the music trainer so that he/she can teach the students perfectly. For a music business to pish a music event or improve the business itself, one can use sample proposal templates that are available online, as they would make him/her gain the approval of sponsors and investors as and when required. Every business faces a threat or challenge at any part of the life cycle of the business. We will also ensure that our students become experts wh… The event marketing plan enables musicians to popularize their content without using tiresome techniques that may require them to remain on their toes. We are also in the music school industry to make profits and we will do all that is permitted by the law in the US to achieve our aim and business goal. Business plan templates Download a free business plan template on The Prince’s Trust website. The Music Schools industry growth was hindered early in recent time as the recession set in and the economy slumped. We focused on the real topic use. The payment policy adopted by Maestro Melody Music School®, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America. Opening of Corporate Bank Accounts various banks in the United States: Application and Obtaining Tax Payer’s ID: Application for business license and permit: Purchase of All form of Insurance for the Business: Lease a standard facility for the music school / studios: Generating part of the start – up capital from the founders: Design of Logo for the martial arts school: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Purchase of the needed musical instruments, furniture, office equipment, electronic appliances and facility facelift: Creating Official Website for the business: Creating Awareness for the music school in Palm Beach – Florida: Health and Safety and Fire Safety Arrangement: Establishing business relationship with vendors and key players in various industries. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. Depending on your target audience (banks, investors, business plan competition), a business plan can be as simple or complex as you want it. Attend music concerts and related expos, seminars, and business fairs et al, Encourage word of mouth marketing from loyal and satisfied students, Place adverts on both print (community based newspapers and magazines) and electronic media platforms, Sponsor relevant community based events / programs, Leverage on the internet and social media platforms like; Instagram, Facebook, Twitter, YouTube, Google + et al to promote our brand, Install our Bill Boards on strategic locations all around Palm Beach – Florida, Engage in road show from time to time in targeted neighborhoods, Distribute our fliers and handbills in target areas, Contact corporate organizations by calling them up and informing them of Maestro Melody Music School®, LLC and the services we offer, List Maestro Melody Music School®, LLC on local directories / yellow pages. We will offer a standard and professional music instruments training in a highly secured and conducive learning environment to all our students. Maestro Melody Music School®, LLC is set to make use of the following marketing and sales strategies to attract clients; We have been able to work with our branding and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. This contributes to a low level of market concentration in the Fine Arts School industry. A music class is always an elaborate affair whether you are teaching at an elementary level or the high school students. We will ensure that we work hard to meet and surpass all our students’ expectations as it relates to their goals of enrolling in our music school or engaging our services. We run a music school where kids, teens, and adults can learn how to play a wide range of musical instrument in a fun – fulfilled and relaxing atmosphere. The music industry is notable for producing celebrities and “overnight” millionaires on a global scale, but one thing about this industry is that it appears that we have less number of music schools to carter for the growing number of people who choose music as a career. Nothing can make someone feel better instantly like music does. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner. Another weakness could be that we might not have the required capital to pump into publicity of our business the way we intend going about it. Email address The next section will be your statement of purpose. Not only does it map out every lesson for a given period of time, it also allows the teacher to establish connections among them, making the process of learning much more fluid and easier to grasp for their students. It is also important to state that commercial and graphic arts and commercial photography instruction, are not included in this industry but they are part of the Trade and Technical Schools industry. Duke Edwards has a Degree in Music from New York School Arts and he can perfectly play over 7 musical instruments. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients (students and corporate organization). Mailing Address 4. Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of projects. Basically, players in the Fine Arts industry offer instruction in the arts, including art, dance, drama, music and photography. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. This template provides a business plan outline with sample questions, tables, and a working table of contents. The result was a forty-eight page document that VKRZHG WKH VFKRRO¶V SURILW SRWHQWLDO DQG PDGH DQ … It synthesized knowledge from the fields of business, education, creativity and music. Receives Visitors / clients on behalf of the organization, Receives parcels / documents for the company, Handles enquiries via e-mail and phone calls for the organization, Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level, Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services, Manages administrative duties assigned by the line manager in an effective and timely manner, Consistently stays abreast of any new information on the company’s promotional campaigns etc. Our service offerings are listed below; Our company’s structure is not entirely different from what is obtainable in the music school industry, as a matter of priority, we have decided to create a structure that will allow for easy growth for all our employees and also, we have created platforms that will enable us attract some of the best hands in the industry. These are the questions your business plan will help you answer. So let’s proceed to the business planning section. This Music Business Plan can serve as a starting point for your new business, or as you grow an existing enterprise. As for the detailed cost analysis for starting a music school; it might differ in other countries due to the value of their money. It is important to state that to be able to start a music school, you should have been trained and also you should be able to play couple of major musical instrument. 1.1 Objectives. Maestro Melody Music School®, LLC is fully aware of the modus operandi in the music school industry, hence adequate provision and competitive packages has been prepared for independent sales agents. If you are part of the people keeping tabs on happenings in the Fine Arts Schools industry, you will agree that the industry has developed a creative edge over the last half a decade. 50 editable start-up printables in one convenient download. Payment via credit cards / Point of Sale Machines (POS Machines), Business incorporating fees in the United States of America will cost –, The budget for Liability insurance, permits and license will cost –, Acquiring a space or warehouse that will be converted into the music school cum studio and that can accommodate the number of students that will come to learn for at least 6 months (Re – Construction of the facility inclusive) will cost –, Equipping the music school cum studio (various musical instruments, studio floor, sound system, Flat Screen TVs, computers, printers, projectors, furniture, telephones, filing cabinets, and electronics) will cost –, Launching an official Website will cost –, Amount need to pay bills and staff members for at least 2 to 3 months –, Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost –, Generate part of the start – up capital from personal savings and sale of his stocks, Generate part of the start – up capital from friends and other extended family members. Check it out! Responsible for providing instructions and training on music and how to play various musical instruments, Handles merchandise sales (musical instruments, equipment and other accessories), Attends promotional events and competitions, Attends to any other task as instructed by the management, Identifies, prioritizes, and reaches out to new clients, and business opportunities et al. We are aware that there are some clients that would need special assistance, we will offer flat rate for such services that will be tailored to take care of such clients’ needs. There are many proposal templates in Word available online for you to choose the best one out of the lot that will help you create the most effective proposal. In order to set up and run a successful music teaching business you should definitely have a business plan. We also took it further by analyzing and drafting a sample small music school marketing plan template backed up by actionable guerrilla marketing ideas for music schools. 2) Set up your studio correctly. Not just that, it is customizable and covers basic music subjects. Going forward, the industry is expected to grow at an even faster rate. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Maestro Melody Music School®, LLC; Our core strength lies in the power of our team; our workforce. This way, every note would be right if learned with keen interest. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. We have a team that is considered experts in the music school industry, a team with excellent qualifications and robust experience in professional musical instruments trainings and practices. This is comparable with the education sector at large. Maestro Melody Music School®, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Okay, so we have considered all the requirements for starting a music school. As a matter of fact, in the bid of raising capital for your music school, you should first start with home tutors and then save up cash to rent a facility and buy all the required musical instruments. For a music business to pish a music event or improve the business itself, one can use sample proposal templates that are available online, as they would make him/her gain the approval of sponsors and investors as and when required. These threats can be external or internal. One of our major goals of starting Maestro Melody Music School®, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. When it comes to the music industry, there are various factors and issues to deal with. Find 3 sample business plans here to help you launch your hospitality business.. 13. The necessary details for the in-person contact have to be mentioned. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop. These could be the time of the show, the venue details are given by the client, so you have an idea of what to do, the genre of music you want to concentrate on, etc. Lesson plan templates by Canva The lesson plan serves as the educator’s guide in determining what to teach their students and when. Maestro Melody Music School®, LLC is a client-focused and result driven music school that provides ease to learn and fully practice and experience at an affordable fee that won’t in any way put a hole in the pocket of our clients (students and organizations alike who would hire our services). Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities. 16. Your full name 3. Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions. How-To-Videos; Sample Business Plans. Music schools are the best place for anyone to learn the right music, as they will be taught from the basics. Draft a Business Plan. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. A Sample Music Store Business Plan Template, A Sample DJ School Business Plan Template, How to Write a Mobile DJ Business Plan [Sample Template], Writing a Recording Studio Business Plan [Sample Template], How to Write a Dance Studio Business Plan [Sample Template], Writing a Music Production Business Plan [Sample Template], How to Write a Record Label Business Plan [Sample Template], 14. (Have you ever thought about that before?) These are the areas we intend generating our start – up capital; N.B: We have been able to generate about $150,000 (Personal savings $100,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. A Sample Music Production Business Plan Template Industry Overview. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. Below are the platforms we intend to leverage on to promote and advertise Maestro Melody Music School®, LLC; Generally, for musical instruments training classes, both per hour billing and flat fees on a weekly, monthly basis and contract applies. We are set to become the number one choice for both corporate clients and private students in the whole of Palm Beach – Florida which is why we have made provisions for effective publicity and advertisement of our music school. Phone number 5. Food and Farming. Principal Partner / Chief Executive Officer, Client Service Executive / Front Desk Officer. Here are the payment options that Maestro Melody Music School®, LLC will make available to her clients; In view of the above, we have chosen banking platforms that will enable our client make payment for all our services without any stress on their part. Creating a Successful Business Plan (for the Artist) The following document was created strictly for those interested in understanding the different aspects of a business plan. Include the following: 1. If you intend to go big by renting a place, then you would need a higher amount of capital as you would need to ensure that your employees are well taken care of, and that your musical school environment is conducive enough for the students to learn and to effectively practice martial arts. As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more depending how fast we meet our set target. We hope to open branches of our music school in other key cities in the United States and Canada and also to sell franchise in the nearest future. Programs that offer academic degrees, even if they specialize in fine arts are not included in this industry. The materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. The above template will you a gist of the things that need to be added in the proposal, mainly those details that are requested by the client. First and foremost, it is important to state that the music school line of business can safely be categorized under the Fine Arts Schools industry. Website address 6. The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. Execute your vision for music through the use of the above template that is very useful to create the best proposal for your business. 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