Music Production Company Timeline

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Music Production Company Timeline by Mind Map: Music Production Company Timeline

1. Step 1: Register Business (Local and State Government)

1.1. Timeframe: 1 month for complete process

1.1.1. Additional details: Register name online at: https://ecorp.sos.ga.gov Or mail to: Office of Secretary of State, Corporations Division Name Reservation Request 2 Martin Luther King Jr. DR SE Suite 313 West Tower Atlanta, GA 30334

1.1.1.1. Budget

1.1.1.1.1. http://sos.ga.gov/corporations/acrobat/applications/Reference%20-%20Filing%20Fees.pdf

1.1.1.1.2. Annual Registration filing fees $50.00

2. Step 2: Apply for Federal Tax ID and State and Local Taxes

2.1. Timeframe: 2 weeks

2.1.1. Federal Tax ID: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-onlineApply Employer Identification Number (EIN) Online Georgia State Tax ID number https://gtc.dor.ga.gov/_/#1

2.1.1.1. Budget

2.1.1.1.1. No Budget Cost: Apply for Federal Tax ID and State and Local Taxes

2.1.2. CEO and Partners

3. Step 3: Apply for Business License and Registration

3.1. Timeframe: 1 month for complete process

3.1.1. Apply for Business License and registration Time Frame: 1 month https://georgia.gov/popular-topic/applying-business-license What You Should Know: • In some cities and counties, you'll first need to secure a state tax identification number, a trade name registration and zoning approval for your business location. Additionally, your business may also need to apply for corporate registrations, professional licenses or other special operating permits prior to application. • To find out more about business licensing in your area, you can visit your local Chamber of Commerce or development authority. • Visit the First Stop Business Information Center to learn more about starting a business and registering its trade name, fictitious name or Doing Business As (DBA) title. • Do I have to register each year? • Yes. You must file an Annual Registration each year. The Annual Registration period for entities registered with the Secretary of State is from January 1 – April 1 each year.

3.1.1.1. Budget

3.1.1.1.1. http://www.fultoncountyga.gov/fcfd-business-license

3.1.1.1.2. http://www.unioncityga.org/modules/showdocument.aspx?documentid=505

3.1.1.1.3. Cost $200 Annually

3.1.2. CEO and Partners

4. Step 4: Research Possible Locations

4.1. Timeframe: 2 months for completion

4.1.1. Contact a local commercial realtor. Compare prices and locations. Make sure its within monthly budget.

4.1.1.1. Budget

4.1.1.1.1. http://www.loopnet.com

4.1.1.1.2. Desired location: Atlanta Downtown

4.1.1.1.3. Size: 3000 Square Foot

4.1.1.1.4. Cost: $10,000 Monthly

4.1.2. CEO and Partners

5. Step 5: Contact Entertainment Lawyer

5.1. Timeframe: 1 Month

5.1.1. Research possible selections based on pricing, experience and my personal needs.

5.1.1.1. Budget

5.1.1.1.1. http://morinentlaw.com/services/

5.1.1.1.2. Cost: $100 Consultation Fee

5.1.2. Interview possible canidates

5.1.3. CEO and Partners

6. Step 6: Social Media and Website

6.1. Timeframe: 2 Months

6.1.1. Website- Wordpress

6.1.2. Facebook

6.1.3. Twitter

6.1.4. Instagram

6.1.5. LinkedIn

6.1.6. Tumblr

6.1.7. Google

6.1.8. Marketing Team Responsibility

6.2. Budget

6.2.1. Marketing Manager

6.2.1.1. http://www1.salary.com/Marketing-Manager-hourly-wages.html

6.2.1.2. $40 per hour

6.2.1.3. $83,200 Annually

7. Step 7: Research Target Market

7.1. Timeframe: 2 Months

7.1.1. Choose specific demographics to target: Age Location Gender Income level Education level Marital or family status Occupation Ethnic background

7.1.1.1. Budget

7.1.1.1.1. Marketing Manager

7.1.2. Consider the psychographics of your target: Personality Attitudes Values Interests/hobbies Lifestyles Behavior

7.1.3. Marketing Team Responsibility

8. Step 8: Research Key Competition

8.1. Timeframe 2 months

8.1.1. Marketing Team Responsibility

8.1.1.1. Research all Music Production companies in Atlanta and surrounding areas

8.1.1.2. Compare and contrast advantages and disadvantages

8.1.1.2.1. I plan on hiring one full-time Marketing Manager to complete all marketing tasks

8.1.1.2.2. Budget

9. Step 9: PR and Marketing Plan

9.1. Timeframe 6 months

9.1.1. Marketing Team Responsibility

9.1.1.1. Create solid marketing plan to increase profit

9.1.1.1.1. Budget

9.1.1.2. Create positive public relations throughout Atlanta

10. Step 10: Purchase Business Recording and Production Equipment

10.1. Timeframe 2 months

10.1.1. Finance and Accounting Team

10.1.1.1. Compare latest and greatest recording equipment

10.1.1.2. Get 3 prices quotes and comparisons for each purchase

10.1.1.2.1. Budget

10.1.1.3. CFO Approves all purchases

11. Step 11: Purchase Software

11.1. Timeframe 2 months

11.1.1. Finance and Accounting Team

11.1.1.1. Compare latest and greatest software

11.1.1.2. Get 3 price quotes

11.1.1.3. All purchases approved by CFO

11.1.1.3.1. Budget

12. Step 12: Create Sales and Pricing Sheet

12.1. Timeframe 2 months

12.1.1. Finance and Accounting Team

12.1.1.1. Compare industry prices

12.1.1.2. Create specials and packages

12.1.1.3. Customer appreciation deals

12.1.1.4. Return customer specials

12.1.1.4.1. Budget

13. Step 14: Create Profit Projections

13.1. Timeframe 2 months

13.1.1. Finance and Accounting Team

13.1.1.1. Create commission schedules

13.1.1.1.1. Budget

14. Step 13: Create Monthly Expenses and Budget

14.1. Timeframe 2 months

14.1.1. Finance and Accounting Team

14.1.1.1. Fixed and variable expenses

14.1.1.2. Outstanding loans

14.1.1.3. Return customer specials

14.1.1.3.1. Budget

14.1.1.4. Monthly salaries expectations

15. Step 15: Make a list of Key Industry Connections

15.1. Timeframe: 6 Months

15.1.1. Possible business partners

15.1.2. Key professional referrals

15.1.2.1. Budget

15.1.2.1.1. Marketing Manager Task

15.1.2.1.2. No Additional cost

16. Step 16: Review Progress and reorganize

16.1. Timeframe: Monthly and Yearly

16.1.1. Every month company leaders meet to review progress and report successes, failures and ideas for implementation

16.1.1.1. Budget

16.1.1.1.1. No additional cost incurred

16.1.1.1.2. Include CEO and Partner, Accounting Professional and Marketing Manager

16.1.1.1.3. http://swz.salary.com/SalaryWizard/Accountant-III-Salary-Details-Atlanta-GA.aspx

16.1.1.1.4. Hire one Full-time Accountant to complete all Accounting and finance functions.

16.1.1.1.5. $70,000 Annually