Music Business Fundamentals Part One: Monetizing Your Music

This course includes lifetime access so you can complete it at your own speed.

This course is designed for those interested to learn the basics of music business fundamentals, the steps to start a career in the field, the advantages and concerns of new businesses and the secrets of crowdfunding for successful business.

Benefits of taking this course include:

• Unlimited and lifetime access to the course
• Learn the course at your own pace
• Course can be accessed on any platform
• 24/7 Customer support

Certificate of completion

Digital certificate - Included

Who this course is for:

• Anyone in any country who is ready to start their professional music career by learning everything they need to know about how the music business works and how to launch a career today

What you'll learn:

• How to start a business
• Why you should run your music career like a business
• 5 things to know before starting your career
• The 4 objectives to a successful music career
• The 7 business types, and which one is right for you
• The 4 steps to setting up an LLC
• The 7 steps to the perfect operating agreement
• Determining how much money you need to get started, and where to find it!
• The 4 types of early stage financing (Loan options)
• Working with grants
• The secrets to crowdfunding
• Why you should write a business plan
• The 8 parts to an effective business plan

Getting your career off the ground as a professional musician can be a long and scary task. It requires a lot of work and dedication. But with this course, that simplifies that process for you. This is a course designed for the average person who is ready to take their music career or music interest and turn it into a business. Whether you are an active musician, an aspiring musician, or an aspiring music manager or agent - this course is perfect for you.

In this course, we will focus the entire course on the steps to start a career in the music business. First, we will focus on the advantages and concerns of new businesses, specifically in the arts. Next, we will walk through the different types of businesses - from corporations, to family businesses, to nonprofit organizations. Most importantly, we will learn what is best for your business, and walk through the step-by-step process to set up and register your business. Last, we will walk through the steps needed to create your most essential founding document: the operating agreement.

Music Business Fundamentals Part One: Monetizing Your Music will cover the following topics:

Section 1 - Introduction And Welcome

• Introduction
• About Me
• The Format Of This Class
• A Word Of Caution

Section 2 - Why Start A Music-Based Business?

• Take Advantage Of Your Idea
• The Public Favors Small Businesses
• Age And Education Are Not Requirements
• Self Employment

Section 3 - Things To Know Before You Start A Business

• Definitions: Small Business And Entrepreneur
• Typical Problems Small Businesses Face
• Trends In Business
• Family Businesses
• Characteristics Of Successful Entrepreneurs

Section 4 - Your Business Objectives

• The Four Objectives
• The Service Objective
• The Profit Objective
• The Social Objective
• The Growth Objective
• Your Business Plan, Phase 1

Section 5 - Business Entity Types

• Legal Forms Of Business
• The Main Differences
• Regionality
• Proprietorships
• Partnerships
• Corporations
• S-Corporations
• LLP
• FLP
• LLC
• Nonprofit Corporations
• Which Is Best For You?

Section 6 - Setting Up Your Company

• Filing Your Paperwork
• Getting Your Documents
• Obtaining An EIN Number
• Certificate Of Assumed Name

Section 7 - Your Operating Agreement

• Going Into Business With Friends
• The Operating Agreement: General Information
• Management Concerns
• Capital Calls
• Adding New Members
• Making Decisions
• Terminating A Member
• Dissolving The Company

Section 8 - Wrap Up

• What’s Next?
• Thanks And Bye

This course is designed for those interested to learn the basics of music business fundamentals, the steps to start a career in the field, the advantages and concerns of new businesses and the secrets of crowdfunding for successful business.

No prior experience is needed in the music industry, business, financing, or accounting.

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