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.

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.

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

Register for the Following:

To ensure you can manage and protect your business, you need to register for the following (not limited to)

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:

Money

Branding and Marketing

Reserve, Install, Activate, Manage, Strategize and Roadmap your Brand and Marketing Systems: (check out our many blogs for guidance and direction)

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)

Pushworth

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