We focused on the real topic use. We are quite aware that the success of any business lies in the foundation on which the business is built on, which is why we have decided to build our music school on the right business foundation. This contributes to a low level of market concentration in the Fine Arts School industry. Health and Beauty. As for the detailed cost analysis for starting a music school; it might differ in other countries due to the value of their money. 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. Please note that the above projection might be lower and at the same time it might be higher. Not just that, it is customizable and covers basic music subjects. Start Your Plan. Responsible for fixing prices and signing business deals, Responsible for providing direction for the business, Responsible for signing checks and documents on behalf of the company, Evaluates the success of the organization, Responsible for overseeing the smooth running of HR and administrative tasks for Maestro Melody Music School®, LLC, Designs job descriptions with KPI to drive performance management for martial arts instructors / coaches, Regularly hold meetings with key stakeholders (clients and member of the board) to review the effectiveness of the business Policies, Procedures and Processes. As a result of this, Maestro Melody Music School®, LLC will charge our clients flat fees except for few occasions where there will be need for us to charge special clients on hourly basis mostly for special clients and home tutors. Use friends and family to spread word about our music school, Post information about our music school and the services we offer on bulletin boards in places like schools, libraries, and local coffee shops et al, Placing a small or classified advertisement in the newspaper, or local publication about our music school and the services we offer, Using referral networks such as agencies that will help match students and corporate clients with our music school. 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. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. to ensure accurate and helpful information is supplied to clients when they make enquiries, Working Class Adults / Corporate Executives. Get as detailed as possible; your plans may change once you begin to execute, but if you have a blueprint, your chances of success will be much higher. Every business faces a threat or challenge at any part of the life cycle of the business. We will ensure that we hold ourselves accountable to the highest standards by meeting our students’ needs precisely and completely. Hotels and Hospitality. 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. 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. The report further stated that the industry is highly fragmented with a large number of small enterprises and nonprofit organizations; high concentration is not anticipated to change in the near future as additional schools open. Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of Maestro Melody Music School®, LLC. Downloads are subject to this site's term of use. In addition, the popularity of music in the United States will continue to drive demand for the industry’s services. A music class is always an elaborate affair whether you are teaching at an elementary level or the high school students. We are mindful of the fact that there are stiffer competitions amongst music schools in the United States of America; hence we have been able to hire some of the best marketing experts to handle our sales and marketing. Here, write a paragraph stating why your business is going to succeed. Defines job positions for recruitment and managing interviewing process, Carries out staff induction for new team members, Responsible for training, evaluation and assessment of employees, Responsible for arranging travel, meetings and appointments. 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. Download Free Version (DOC format) Download the Start-Up Pack for $27. In this step, you define your business and state your qualifications. When it comes to the music industry, there are various factors and issues to deal with. 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. Aside from the synergy that exist in our carefully selected faculty members, our state of the art musical instruments and our strong online presence, Maestro Melody Music School®, LLC is well positioned in a community with the right demography and we know we will attract loads of individual and corporate clients from the first day we open our doors for business. 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 will also ensure that our students become experts when it comes to playing various musical instruments; we want to build a standard and well – equipped music school brand that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations). Execute your vision for music through the use of the above template that is very useful to create the best proposal for your business. Find 4 sample business plans here to help you launch your health and beauty business.. 14. Check proposal templates in Apple Pages for more. Mailing Address 4. 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. This Music Business Plan can serve as a starting point for your new business, or as you grow an existing enterprise. Maestro Melody Music School®, LLC is founded by Duke Edwards and his immediate family members. This shows the importance of a business plan, because most threats or challenges are to be anticipated and plans put in place to cushion what effect they might bring to the business. Oversees the smooth running of the daily activities of Maestro Melody Music School®, LLC. 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. The result was a forty-eight page document that VKRZHG WKH VFKRRO¶V SURILW SRWHQWLDO DQG PDGH DQ … 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. 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. In addition, we will also offer special discounted rates to all our individual clients at regular intervals. Maestro Melody Music School®, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured music school that can favorably compete in the highly competitive music industry in the United States and the world at large. Nothing can make someone feel better instantly like music does. Download free business plan templates and find help and advice on how to write your business plan. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources. We will ensure that we hire professional and licensed musical instruments coaches, and instructors to work with our students. We are well positioned to take on the available market in the Music Schools industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our music school and our clientele base beyond Palm Beach – Florida to other cities in the United States of America. Music production business is without a doubt a thriving business that has loads of players making huge profits from the industry. 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. Find 7 sample business plans here to help you launch your food or farming business.. 15. 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. 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. 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. Downloaded > 2,750 times. To help you with that, avail of our premium Music School Business Plan template that you can instantly download anytime, anywhere, at any device. How-To-Videos; Sample Business Plans. So let’s proceed to the business planning section. 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. 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. Lesson plan templates by Canva The lesson plan serves as the educator’s guide in determining what to teach their students and when. 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. How-To-Videos; Sample Business Plans Children & Pets Children's Education & Recreation. Music courses are also very important for any educational institution as well, just like any other subject. Below is the business structure we will build Maestro Melody Music School®, LLC on; Principal Partner / Chief Executive Officer: Musical Instruments Instructors / Coaches. Please note that the salaries of all our staff members for the first month is included in the expenditure. This could also be used for those music companies that sing at a variety of events and maintain the professionalism and dignity of music through this. The music lesson plan template is well organised and comes with a detailed set of instructions and procedures. Depending on the picture you have in mind before considering starting your music school, you would require hard work, moderate capital and various training and certification before you can successfully establish your own music school. 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. 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. 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. Perfect for those wanting to create a document that serves as a road map that provides directions so your music school business can plan for its future and help avoid bumps on the road. Depending on your target audience (banks, investors, business plan competition), a business plan can be as simple or complex as you want it. 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. Generating Funds / Startup Capital for Maestro Melody Music School®, LLC. Check it out! It is important to state that there is no establishment in this industry that has a lion market share. (Have you ever thought about that before?) If YES, here is a complete sample music school business plan template & feasibility report you can use for FREE. So who are interested can contact you easily. 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. Programs that offer academic degrees, even if they specialize in fine arts are not included in this industry. 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. No doubt, the opportunities in the music school industry is massive considering the number of individuals and corporate organizations who would want to learn music and how to play various musical instruments for various reasons. 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. Maestro Melody Music School®, LLC will generate income by offering the following services; One thing is certain; there would always be corporate organization and individual clients who would need the services of professionals when it comes to learning how to play various musical instruments. Available in various file formats, you can now save yourself a great amount of time by simply clicking the download button! Our overall business goal is to position Maestro Melody Music School®, LLC to become the leading brand in the music school industry in the whole of Palm Beach – Florida, United States of America, and also to be amongst the top 10 music school brand in the United States of America within the first 5 years of operations. Maestro Melody Music School®, LLC is going to offer varieties of musical instruments trainings and related services within the scope of the music schools industry in the United States of America. What is your particular niche? 1.1 Objectives. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. 1. The event marketing plan enables musicians to popularize their content without using tiresome techniques that may require them to remain on their toes. Below is a list of the clients that we have specifically design our music school for; No doubt, the music school industry is indeed a very prolific and highly competitive industry. 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.” Responsible for financial forecasting and risks analysis. 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. 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. However, this is what it would cost us to start a music school in the United of America; Going by the report from the market research and feasibility studies conducted, we will need over four hundred and fifty thousand (450,000) U.S. dollars to successfully set – up a small scale but standard music school in the United States of America. 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. 2) Set up your studio correctly. Duke Edwards has a Degree in Music from New York School Arts and he can perfectly play over 7 musical instruments. In setting up a martial arts school, the amount or cost will depend on the approach and scale you want to undertake. 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. Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products. Advertise our music school in our official website and employ strategies that will help us pull traffic to the site. Keep it sharp, succinct and long-term focused. A Sample Music Business Plan for Your Band. Below are the sales projections for Maestro Melody Music School®, LLC, it is based on the location of our music school and of course the wide range of musical instruments training classes and related services that we will be offering; N.B: This projection is done based on what is obtainable in the music school industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same additional services as we do within same location. 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 will also run a one – stop music store in same facility where our students and other customers can purchase authentic musical instruments and other related accessories. The music sector is always experiencing unending competition. A robust economic recovery is expected to endow consumers with higher disposable income levels, enabling them to spend more money on musical instruments training, particularly costly private lessons. 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. Responsible for developing and managing financial systems and policies, Ensures compliance with taxation legislation, Handles all financial transactions for Maestro Melody Music School®, LLC. Duke Edwards has well over 20 years of experience as a music instructor prior to starting Maestro Melody Music School®, LLC. Business plan templates Download a free business plan template on The Prince’s Trust website. Food and Farming. 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. 16. Update (7/22/2016): We've added a basic break-even analysis worksheet to the companion Excel workbook.. This template provides a business plan outline with sample questions, tables, and a working table of contents. In 2016, 80.0 percent of the establishments have fewer than 10 employees. In order to set up and run a successful music teaching business you should definitely have a business plan. This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our market research and feasibility studies and we are enthusiastic and confident that Palm Beach – Florida is the right place to launch our music school. If you part of the people keeping tabs on the trends in the Fine Arts Schools industry, you will agree that the industry has developed a creative edge over the last half a decade. Responsible for preparing financial reports, budgets, and financial statements for the organization. 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. Certain sample courses have to be followed by the music trainer so that he/she can teach the students perfectly. 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). Ensures operation of musical instruments / equipment by completing preventive maintenance requirements; calling for repairs. Our intention of starting our music school is to help in individual and organizations learn music and how to play various musical instruments in a conducive and relaxing environment. 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. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop. Maestro Melody Music School®, LLC might be a new music school in Palm Beach – Florida, but we have a team that are considered experts in the music school industry, a team with excellent qualifications and robust experience in professional musical instruments trainings and practices. Phone number 5. Business plan templates offer step-by-step instructions and prefabricated slides for your executive summary, company overview, financial plan, and more. It is glaring that revenue growth in the industry began to rebound as the economy started to recover and schools’ endowment funds and corporate profit bounced back. 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