Business Plan Musician
What are the basic things you need if you plan to put up a business (studio for band practice/recording)?
I’m planning to put up a studio.. And I hope there are experienced businessmen/musicians out there who’ve done the same thing. I’d love to hear what you have to say 
I just want to know the basics: how big should the room be, how many watts should my amplifiers be, and other factors that should be considered.
Sincerely, I would appreciate it if anyone could help. Thanks again!
The equipment alone is going to cost you a minimum of $80,000. The room would need to be musically sound (the waves bounce, you need to muffle them once you know the tone of the room), your studio equipment needs to be able to work with each piece together, so you’d need to do a lot of research before hand checking out what’s available as ‘used’ in your are and put together a good working system with that and newer equipment–it saves you money.
You’ll need someone who can do mixing professionally–finding a good sound engineer isn’t cheap.
You;ll need to have the room wired by an electrician and let him know what load level you’re looking at with your equipment–MANY outlets on each side of the room, and separate circuit breakers in place.
A good air exchange system–basements get cloying/smelly fast with people hunched over the equipment for hours–a fan in the window that can be turned on when recording is not taking place is essential (learned from experience). Some soft couches, small tables, mini-fridge for soda. Also a GOOD security system for the home, a solid door on the studio with dead bolt lock–to avoid theft. And good insurance.
Find something local that’s been established for over 3 years and go make an appointment to talk to the owners, its the best way to find out the ups and downs.
My sig other put together a studio for projects, it was not easy, cost money, and will not turn a profit for a while. Musicians are well known for not having the cash to pay for the entire project being done. Get half up front, the other half on delivery. No extra people in the studio–too many times the ‘extra’ person along for support or showing off ends up walking through the rest of your home while you’re working downstairs. Not a good thing to have happen. Keep a lock on the door into your place so nobody can go there–have a toilet installed in the basement to avoid upstairs bathroom trips that are not that innocent.
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