Business Plan - The Music Entrepreneur - Music & Event Management Essay

Business picture - The melody Entrepreneur - Music & Event Management - Essay ExampleAdditionally, it is expected that the session go forth commence with 8 students who testament be required to pay admission and course fee. For the admission fee, severally student will be required to pay 100 and 5000 course fee will be required in the first year. In the subsequent year, it has been projected that 25 per cent increase in students is expected which will take number of students to 10. Consequently, this will increase revenue for the next year. As further as the expenses are concerned, it has been estimated that 3000 will be required for purchasing euphony instruments for the unison students. Subsequently, monthly rent, music instructor salary, heating and marketing expenses are 800, 1500, 200 and 313 respectively will be incurred.The music schoolman industry is highly competitive as it has been observed that the existing institutions are highly experienced and cede hired qual ity teachers for attracting and retaining a maximum number of music students. In this regard, it is pertinent to highlight that the Music Training Academy will also ensure to provide quality music education and preparation to the students. For this purpose, the owner will go beyond the traditional learning and teaching of music education by providing more conducive study and learning environment in the academy. For example, the owner along with the support of teacher will provide quality education services in which the students will be able to mother knowledge and training simultaneously along with in get toation discussion sessions relating to past and current successful music superstars and music artists as well. The purpose of this type of sessions is to ensure that the students get maximum satisfaction in the form of quality music learning and training sessions.Initially, there will be only two members in the team. The owner will develop the whole training and development cour se for the music lovers. First, the owner will determine class schedule. In