Jordon Harder-Cyre April 19, 2010 Thundersound Productions.

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Presentation transcript:

Jordon Harder-Cyre April 19, 2010 Thundersound Productions

My business is making and selling instrumentals for around $15-$40, and also studio time for every beat that is bought. My business is a Manufacturing business. The beats are the product that is made and they get sold to the people that want/need them. An instrumental is a song without lyrics. Business Profile

Qualifications Hip-Hop Project Graduate. Have experience in recording/producing. Entrepreneurship 30 graduate In the future, I hope to: Buy enhanced equipment, Start my own record label

Economics of One Unit Definition of One Unit One beat Recorded Selling Price per Unit$40.00 Direct Labor$20 Materials $1 Total COGS Per Unit$21 Other Variable Costs (outgoing shipping, packaging, commissions) $.80 Total Variable Costs$21.80 Gross Profit Per Unit$18.20

Cost of Materials/Direct Labor Definition of One Unit: Direct labor (wage per hour) Time (in hours) to make one unit Direct labor cost per unit ($) $201 TOTAL$ (C) Material DescriptionCost /QuantityCost per Unit ($) Cd’s 1$1 labels.80$0.80 TOTAL$ 1.80 TOTAL MATERIALS/DIRECT LABOR $

Competition CompetitorPriceLocationQuality Playa Styles Productions $50North centralGood Mon3yclip productions $15- $50 North Central Decent Work Competitive Advantage -I have unique equipment. -I w ill take recommendations for a type of beat and than make it specifically for them.

Marketing Mix & Plan MethodDescriptionTarget Consumer ( age, gender, location) Cost PriceWill vary depending on quality of the beat. People who want affordable instrumentals. $15- $40 PlaceMusic Stores ProductThe Instrumentals produced.Rappers/Singers who don’t Have a Producer PromotionCards,demosClubs, rappers, performers $50

Philanthropy Plan My business will be giving back the old hip hop sound because I will attempt to make beats that will have an old hip hop feel. When the business is running I will give workshops to young people. 8

Average Monthly Fixed Costs Type of Fixed CostMonthly Cost Entrepreneurial Stipend [hours x (minimum wage + $1-$5)] $ Cd Labels example: utilities, salaries, advertising, etc $ $ $ $ TOTAL Fixed Monthly Costs$

Monthly Sales Projection MonthUnits Sold January10 February5 March5 April5 May5 June10 July10 August5 September5 October5 November10 December10 Total =75 10

Projected Yearly Income Statement Selling Price Per Unit$ # of Units Sold75 Total Sales$ Less Variable Costs Total COGS$21.00 Other Variable Costs$0.80 Total Variable Costs$21.80 Gross Profit$18.20 Less Fixed Costs USAIIRD (Yearly) $ Unforeseen$ Total Fixed Costs$ Profit before Taxes$2690 Net Profit$

Start-up Investment Entrepreneurial hours needed for start-up Minimum wage + ($1-$5)Total start-up time investment 60 $ 20.00$ Description of SuppliesVendor NamePrice CD and LabelStaples$ 1.80 Midi KeyboardsLong and McQuade$ MicrophoneLong and McQuade$ $ CASH RESERVE covering 3 months of fixed costs $ Estimated TOTAL START-UP INVESTMENT $

Financing Strategy for Total Start-up Investment SourceAmount Personal Savings$ Relatives/Friends$50.00 Investor – Regina District Chamber of Commerce $ Grant$650 13

Return On Sales Return on Sales (ROS) Yearly Net Profit ÷ Total Sales X / 3000 x 100 = 89 89% For every $1 dollar of sales, my business earned : $.89 14

Return On Investment Return on Investment (ROI) Yearly Net Profit ÷ Start-up Investment X 100 (2690 / 1700) x % For every $1 dollar invested, my business earned : $

Business & Educational Goals Business Short term-Start a recording studio. Long term-Make a known record label. Educational Short term -Finish high school. Long term -Not really sure. 16

Time Management Plan Business schedule for a typical week Entrepreneurship Hours: 15 hours School Hours: 30 hours Work Hours: 0 hours Free-Time Hours: 10 hours 17

Thundersound Productions Real music lives on Thank you for your consideration of Thundersound Productions