Studio Boogaloo 1 Page Business Plan
Overview
Studio Boogaloo has a clear business objective to develop, produce, promote and distribute recorded music. These products and services will be developed with a core focus on addressing the key customer problem and associated opportunities.
The Business Objectives
When as a key component of our growth strategy we consider it critical to identify and outline our business objectives, and align these objectives with clear and measurable development milestones. Our key long term business objective is to acquire new customers. Customer acquisition is considered to be the critical activity and we are seeking to grow the number of customers. We understand that customer growth could be at the expense of profitability, and that there is a cost associated with customer acquisition. Our long term objective is to build a clear customer acquisition process.
The Customer
Studio Boogaloo has been created with a clear focus on the needs of our customers. Through a structured customer discovery process, we have validated the key customer problem as providing an optimal yet affordable recording studio experience.. This is a critical issue for our selected target market of local Chicago musicians.
The Value Proposition
Studio Boogaloo is uniquely positioned to deliver value to Local musicians. "Studio Boogaloo will Provide an ideal and affordable recording studio experience to emerging musicians.." In order to be deliver on this value proposition, we Customizable, affordable and comfortable recording experience.. This capability has taken considerable time and resources to develop and forms the cornerstone of our competitive advantage.
Competitors
We have a number of competitors within the Recorded music market. We consider our key competitors to be: Recording studios, rental rehearsal spaces, home studios.. Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Recording studios, rental rehearsal spaces, home studios. by Economical space rental rates, overnight stay accommodation and friendly service..
Key Strategies
Over the next 6 months our focus will be to Host studio parties to showcase the studio and its services.. This task will be undertaken in the context of our broader strategy to Start record label. These strategies are a tactical implementation of our overall business goal as outlined above.
Milestones
Measurement of the successful implementation of our strategies will be governed by measurable development milestones. The milestones that will be achieved over the next 2 years are: Launch recording studio Launch overnights get stay accommodation Obtain 100 clients
About this document
Recorded music Business Plan
This document was created by Michael of Studio Boogaloo using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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