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Old 2008-05-02, 06:38
herintisan
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Looking for funds for my studio!!!

Hi everyone, I want to run my own music studio and for that I need a little funding from reliable sources. I am 28 years old and I am looking for flexible options for going about this. Can you people suggest me any ideas.
Thanks in advance!!!
 
Old 2008-05-02, 07:29
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A loan...?
 
Old 2008-05-02, 07:33
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How about i give you a blank cheque, and we take things from there?
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Old 2008-05-02, 08:22
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You've come to the wrong place to try and raise finance, my friend.

Generally, take the following steps:

1) Go to your bank manager. Before doing this, put together a business plan showing how your going to repay the loan. If you're not doing this for business reasons - and I seriously doubt you are otherwise you'd be asking for this advice practically anywhere but an internet forum populated by young adolescents - don't bother going to your bank.

2) Go to family and friends. Repayment terms of loans from family and friends may be quite flexible and also carry the likelihood that you won't be charged interest.

3) Advertise for investment through networking events. This sort of investor will probably charge a higher rate of interest - if they provide a loan - than the bank to reflect their increased risk profile. If they fancy an equity stake, they will seek an exit route by which they can make a handsome profit from their investment. Given the paucity of exit routes for a studio, this is unlikely.

If you want my advice, take option 2.
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Old 2008-05-02, 08:31
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...or you could just work and save your money instead of looking for a quick and easy dump of cash. Cash doesn't come quickly, nor easily dude.
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Last edited by blitz906 : 2008-05-02 at 11:36.
 
Old 2008-05-02, 11:36
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That would depend on how quickly he needs the money. If his primary income comes from the studio then the chances are he needs the cash to buy equipment or fund working capital (i.e. the cash needed to pay creditors, run the studio on a day-to-day basis) and so this may not be easily generated before an initial investment is made.

If he does have another job, then I'm pretty sure he's weighed up his own financial position and already drawn conculsions on how much of the funding he can afford to provide himself. If he hasn't, then he really, really hasn't thought this through properly.
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Old 2008-05-02, 12:02
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Quote:
Originally Posted by johnmansley
That would depend on how quickly he needs the money. If his primary income comes from the studio then the chances are he needs the cash to buy equipment or fund working capital (i.e. the cash needed to pay creditors, run the studio on a day-to-day basis) and so this may not be easily generated before an initial investment is made.

If he does have another job, then I'm pretty sure he's weighed up his own financial position and already drawn conculsions on how much of the funding he can afford to provide himself. If he hasn't, then he really, really hasn't thought this through properly.


good choice on album of the day john!
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Old 2008-05-02, 12:35
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a friend of mine built his own studio, financed from study funds and low-interest loans the government offers us
 
Old 2008-05-02, 14:28
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Quote:
Originally Posted by johnmansley
That would depend on how quickly he needs the money. If his primary income comes from the studio then the chances are he needs the cash to buy equipment or fund working capital (i.e. the cash needed to pay creditors, run the studio on a day-to-day basis) and so this may not be easily generated before an initial investment is made.

If he does have another job, then I'm pretty sure he's weighed up his own financial position and already drawn conculsions on how much of the funding he can afford to provide himself. If he hasn't, then he really, really hasn't thought this through properly.

You are already assumed he isn't taking this seriously. The first option would be getting a loan if this is going to be a primary income.

If this is for fun which whenever i finally get out of this fucking college and reenter the real world i am going to make one myself, buying pieces piece by piece is just how its done.

I already have a shit ton of gear that with just a little more i could put something together. The guy who my band paid to record our cd has almost the same amount of stuff / quality of shit that i do. Except he has this stereo condenser mic for guitar that was fucking insane. And also a pretty sick mixer that physically moved from changes done on computer.
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Old 2008-05-02, 14:30
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Just do what this guy did. Piece o' cake. http://www.dlisted.com/node/25640
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Old 2008-05-02, 15:50
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Quote:
Originally Posted by tmfreak
You are already assumed he isn't taking this seriously. The first option would be getting a loan if this is going to be a primary income.


If I was being serious about setting up and running a studio, I wouldn't go to the MetalTabs forum for advice.

Autumncurve: yeah, got it last week and was pleasantly surprised - I'd always dismissed them due to the "nu-rave" tag. But, yeah, great album.
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Old 2008-05-02, 16:37
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Quote:
Originally Posted by johnmansley
If I was being serious about setting up and running a studio, I wouldn't go to the MetalTabs forum for advice.

Autumncurve: yeah, got it last week and was pleasantly surprised - I'd always dismissed them due to the "nu-rave" tag. But, yeah, great album.

I would most definitely second that opinion.

I mean especially when you aren't even a regular member. I mean first post, i'd be more like who the hell are these guys and why should i care what they say.
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