Looking for a business plan concert promoter document so you can pitch the idea of being a concert promoter to an investor group? It's an exciting business – high risk, high reward, and high profile. And to make it all work you need a business plan that sings, too. This is a competitive space where who you know carries a lot of weight, so any business plan for concert promotion has to provide a compelling case for why YOU will succeed. What advisors will join your team? How will you allocate the funding you receive, and how much do you need? How many shows do you think you can put on in a year? Will you be bringing acts to one city, or taking artists through multiple venues? Have you planned that far ahead? These are just some of the questions you will need to answer. A few tips:
[1] Consider subscribing to Celebrity Access and Billboard – these sites can give you invaluable data
[2] Be willing to get specific about the sort of acts you will and won't recruit
[3] Use metrics to show average sell-out rates and ticket costs (“ATP”) for your arena
[4] Play up any industry affiliations you have that will make you stand out
[5] Propose a share for your investor, but be ready to negotiate it
You'll also need a full five-year model showing how much money you could make with concert promotion. This can be a very challenging component but you should not let this stop you. Gather market data from websites and talk to promoters, venues, and artist reps to learn what some of the typical industry figures are and then go from there. MasterPlans can help in this process. We have prepared stellar business plans for people trying to get into concert promotion or expand their brand. With a complete team of in-house financial modeling and market research experts, we can deliver for you too. Call 877-453-2011 to speak with a consultant today!
