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Originally Posted by audioalchemy I have a question for all of you who own your own studio. I am in the process of putting togeather a bussiness plan in order to get loans to build my studio. I'm curious to see how others financed their studios. (loans, saved up, bought as you went).
Basically the setup i'm considering will cost 46,166 dollars.
PTHD Core System
3 96 I/Os
Soundcraft Ghost LE
Apogee Big Ben
and a few choice outboard pieces, pre's, comps, etc.
this doesn't include construction costs, but does include wiring, console furniture, interconnect etc.
Any insight anyone has would be most helpful.
Thanks,
AudioAlchemy |
Our room is financed by an investor, but makes it's own nut.
When we sat down before busting walls out on our paltry ONE MILLION DOLLAR. facility- I told him i would never, ever, in a million years- build a studio as a commercial PROFITABLE business. He did it anyway, and we've all been lucky to be involved.
Business plan implies you are going to try and make money correct?
Stop now.
don't open your own shop, DON'T GO INTO GEAR DEBT. The only debt you should even remotely consider IMO would be buying the property.
Baby steps outta school my friend. Learn the BIZ. Learn how to wrangle deals into shops that are already built.
go out and find the artist, drag em into someone else's room, and get busy.
Finish the project- repeat.
Freelance- right out of the chute.
Save your $$$ and buy an editing/odub rig( cash) and do as much work you can AT HOME. This will help you save some $$ in the bigger rooms.
Book into nice rooms to do the stuff you can't.
Work in the best rooms you can- using some of that "income" that you are counting on to pay your 46 k loan. all the while you'll be making connections, staying in the loop, and not incurring the mind bending day to day pressure of running a room for profit.
DON'T EVEN THINK that you can build a room, expect to work enough local stuff to " pay the nut" ( especially a gear lease/loan) and still have time to work on stuff you dig.
The decent rooms arent going to dry up and blow away- and what your talking about spending won't get you close to the rooms that are already sitting there, with open days on their schedule.
I can't afford to work in our room on some projects I do- that 's the reality of the biz.
overcome and adapt, but please- Don't take on the debt.