17.02 MUSIC

Abstract

17.02 MUSIC is a record label that is created with the purpose of providing a music creation and recording service, being easily accessible to the public.

In the music sector in the world there is an important growth, there are many opportunities for expansion and in Colombia there is an increase in cultural and artistic consumption, the government with the "orange economy" has given a boost to everything related to culture and entrepreneurship which opens the doors to this project.

17.02 MUSIC is created in order to cover a market share that does not reach large record companies because of its price and limitations in the sector, it seeks to be a strategic ally so that people who want to develop their musical talent can do so. easy and close way.

In the world there are major record labels which have a high market share, but every day the independent labels have become stronger and in Colombia there are several examples which are a reference for our company.

The project needs an investment of approximately $ 75,000,000, which 50% will be contributed by the partners and 50% by a bank loan, this initial investment will be used to cover the pre-operative expenses, such as adequacy of the place, machinery , equipment and furniture, plus a working capital of 3 months, which will allow proper operation at the start of the business operation.

Social networks are an important means for the development of promotion of the company, being the way to communicate and get known with customers.

The economic indicators calculated for the project give a positive vision that gives favorable direction to the project.