|How to own a record label|
HOW TO START A RECORD LABEL IN NIGERIA.
1. Raise funds for the business.
2. A plan you want.
A business plan is very important if you’re going to have a well-defined structure. You need to know the kind of label you want to run. Some labels only handle distribution, others only handle recording and some do all. A business plan is simply an idea laid out in a written form, it will guide your actions and goals.
3. Assembling your team.
A new record label in Nigeria also needs at least an artiste and a publicist, who is usually a blogger. But if you decide to go serious you must consolidate;
Without key figures in your label, you do not have a company. The following positions need to be occupied by experienced personnel.
a. Legal affairs:
Legal will handle the creation and dissolution of all binding documents. They will explain the meaning of terms, tell you the implications of your actions and help you design your contracts for you. They are your representation and will respond to any lawsuit or infringement.
They take care of your image building and the public welfare of all team members. They will create trends for you, and make sure stories about you reach Linda Ikeji. They manage your media profiles and also help you write replies. This team packages you against potentially disastrous career statements. PR hear things in and out of the industry, they are your amebo people.
The manager is the label's closest link with the artiste. He makes sure the artiste complies with the label's ideology and often takes the responsibility for sales and distribution (marketing). There can be other managerial positions like the business officer who handles bookkeeping, payroll, and financial records.You also need these, I’ve explained their functions