This week we delve into Part 3 - Tips on how to write a successful business plan for the creative industries. Following on from Part 1 and Part 2 over the last few weeks, we will be continuing a step by step guide on writing a business plan dedicated to artists, musicians, and bands for all the creativity needed to sustain a career in music, having a business plan is one way to stay properly grounded, and define your goals and objectives on paper. This is our final episode on this topic. 
For those of us on the ground level, having a plan can mean the difference between being able to make a living as a musician. But the most important suggestion from me, take it one step at a time! This kind of work can be really overwhelming for creatives.
So, let us look at some key points to further your business plan for this episode: Partnerships with Other Artists, Video Production to Sponsors/Investors. Your Additional Merchandise. 
Are you selling other merchandise besides the recording/EP/Album project? I.e. T-shirts, Hats, Hoddies, Posters, Calendars, etc. Or are you selling previously released CDs/downloads — So how are you going to make money in this area? So, let’s take a look and prepare a killer business plan! 
How long should your plan be? Typically, a business plan is a lot longer than a list on a napkin. In practice, and for most real businesses, it can be as simple or a detailed plan that has a few or many bullet points to focus strategy, tactics, milestones to track tasks and responsibilities, and the financial projections you are going to need to plan: cash flow, budget, expenses. 
Writing a plan takes time and lots of effort, not least to understand where your project is heading. So it’s that time to roll up your sleeves, sit down with a cuppa, and get that pen and paper. Let us begin and create that incredible journey and project!
Also on the show, we have our Fact of The Day and our Question of the Day for our listeners.
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Podcast engineered & mixed by BeX Gregory.

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