Setting up a new band and not sure where to start? Below is a very basic Business Blueprint for Bands. (For a more comprehensive Business Plan, consider doing The Vector™ program (click here)
Ownership
Once you find the right people to work with and you agree on a name, its time to establish who owns what.
- Name
- Band
- Brand
- Copyright
- Trademark
- Assets (Promotional Images, Videos, Content and Copy)
- Collateral (Music, Lyrics)
- Equipment (Instruments, PA, Lighting, Van)
Agreements
Once you have a clear understanding of who owns what, it is time to agree on who DOES what, when, how, why, where, who and for how much. It’s time to set up the agreements that will underpin all your Music Business activity. *** Make sure that you incorporate Income Split and Rights Assignation Agreement in the Band Member Agreement covering all original material composed, produced, recorded and performed.
- Band Members
- Team Agreements (Agent, Management, Label)
- Supplier Agreements: (Photographers, Videographers, Publicists, Social Media Managers, Web Masters)
ABN and GST
Shop around and find a good Accountant who understands the Music Industry. Get the best advice for the right Legal Entity and GST registration status that fits in with the long term vision for the band as well as the individual band members and their own personal finances. *** Make sure that you apply for the Tax File Number for your Legal Entity at the same time as the ABN
- Sole Trader sub-contracting other Sole Traders
- Limited Liability Partnership
- Company
- Trust
- Not For Profit/Foundation
Register for the Following:
To ensure you can manage and protect your business, you need to register for the following (not limited to)
- Auskey
- Business Name
- Copyright
- Trademark
- MEAA or Music Union
- APRA AMCOS
- Peak Body in your State like Q Music
Regulations, Codes and Licences
Check what Regulations, Codes and Licenses you may need to comply with or obtain by doing a search on ABLIS things like:
- Australian Privacy Policy Principles – to manage your Database
- Busker Permit – for any council that you want to work with
- Commercial Parking Permit – for using Loading Zones when loading equipment into a venue
- Commercial Music Activities in a Mall Permit
- Amplified Music Venue Permit Approval - if you self promote any shows
- Australian Consumer Law
- Children and Young Workers Code of Practice (Blue Card) 2006
- Commercial Copyright Access Licence
- First Aid in the Workplace Code of Practice 2014
- Hazardous Manual Tasks Code of Practice 2011
- Home Based Business Approval
- Workplace Health and Safety Code of Practice 2011
- Noise Management Code of Practice 2011
- Risk Management Code of Practice 2013
- Sound Recording Reproduction Licence Agreement (ARIA)
Money
- Open your Bank Account in the name of the ABN
- Create your Budget
- Set up your Financial Management System
- Set up your Invoices
- Nominate a Book Keeper to manage your Books
Branding and Marketing
Reserve, Install, Activate, Manage, Strategize and Roadmap your Brand and Marketing Systems: (check out our many blogs for guidance and direction)
- Logo
- Style Guide
- Official Band Photograph
- Band Images
- Videos
- Content
- Campaigns
- Copy
- Hashtags
- Domain
- Google Identity
- Social Media Domains
- Website
- Mailing List Management Dashboard
- Social Media Management Dashboard
- Cloud Asset Management Headquarters
Set up your Music Business Management Systems
This is where you establish your advances, activations, delivery, management, developmen, strategy and planning of your Music Business universe. If you need help with this, you can apply to work with us in our Vector™ program (click here)
- Brand
- Show
- Team
- Assets
- Influence
- Offer
- Value
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