Music Business Fundamentals Part One: Monetizing Your Music

This course is designed for those interested to learn the basics of music business fundamentals, the steps to start a career in the field, the advantages and concerns of new businesses and the secrets of crowdfunding for successful business. Read more.

4.5( 2 REVIEWS )
61 STUDENTS
3h 32m
Course Skill Level
Beginner
Time Estimate
3h 32m

Jason Allen is a PhD in music, and was recently named one of the semi-finalists for the Grammy Foundations "Music Educator" award.

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About This Course

Who this course is for:

  • Anyone in any country who is ready to start their professional music career by learning everything they need to know about how the music business works and how to launch a career today

What you’ll learn: 

  • How to start a business
  • Why you should run your music career like a business
  • 5 things to know before starting your career
  • The 4 objectives to a successful music career
  • The 7 business types, and which one is right for you
  • The 4 steps to setting up an LLC
  • The 7 steps to the perfect operating agreement
  • Determining how much money you need to get started, and where to find it!
  • The 4 types of early stage financing (Loan options)
  • Working with grants
  • The secrets to crowdfunding
  • Why you should write a business plan
  • The 8 parts to an effective business plan

Requirements: 

  • No prior experience is needed in the music industry, business, financing, or accounting

Getting your career off the ground as a professional musician can be a long and scary task. It requires a lot of work and dedication. But with this course, that simplifies that process for you. This is a course designed for the average person who is ready to take their music career or music interest and turn it into a business. Whether you are an active musician, an aspiring musician, or an aspiring music manager or agent – this course is perfect for you.

In this course, we will focus the entire course on the steps to start a career in the music business. First, we will focus on the advantages and concerns of new businesses, specifically in the arts. Next, we will walk through the different types of businesses – from corporations, to family businesses, to nonprofit organizations. Most importantly, we will learn what is best for your business, and walk through the step-by-step process to set up and register your business. Last, we will walk through the steps needed to create your most essential founding document: the operating agreement. 

Our Promise to You

By the end of this course, you will have learned how to monetize your music.

10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about the music business fundamentals.

Course Curriculum

Section 1 - Introduction And Welcome
Introduction 00:00:00
About Me 00:00:00
The Format Of This Class 00:00:00
A Word Of Caution 00:00:00
Section 2 - Why Start A Music-Based Business?
Take Advantage Of Your Idea 00:00:00
The Public Favors Small Businesses 00:00:00
Age And Education Are Not Requirements 00:00:00
Self Employment 00:00:00
Section 3 - Things To Know Before You Start A Business
Definitions: Small Business And Entrepreneur 00:00:00
Typical Problems Small Businesses Face 00:00:00
Trends In Business 00:00:00
Family Businesses 00:00:00
Characteristics Of Successful Entrepreneurs 00:00:00
Section 4 - Your Business Objectives
The Four Objectives 00:00:00
The Service Objective 00:00:00
The Profit Objective 00:00:00
The Social Objective 00:00:00
The Growth Objective 00:00:00
Your Business Plan, Phase 1 00:00:00
Section 5 - Business Entity Types
Legal Forms Of Business 00:00:00
The Main Differences 00:00:00
Regionality 00:00:00
Proprietorships 00:00:00
Partnerships 00:00:00
Corporations 00:00:00
S-Corporations 00:00:00
LLP 00:00:00
FLP 00:00:00
LLC 00:00:00
Nonprofit Corporations 00:00:00
Which Is Best For You? 00:00:00
Section 6 - Setting Up Your Company
Filing Your Paperwork 00:00:00
Getting Your Documents 00:00:00
Obtaining An EIN Number 00:00:00
Certificate Of Assumed Name 00:00:00
Section 7 - Your Operating Agreement
Going Into Business With Friends 00:00:00
The Operating Agreement: General Information 00:00:00
Management Concerns 00:00:00
Capital Calls 00:00:00
Adding New Members 00:00:00
Making Decisions 00:00:00
Terminating A Member 00:00:00
Dissolving The Company 00:00:00
Section 8 - Wrap Up
What's Next? 00:00:00
Thanks And Bye 00:00:00

About This Course

Who this course is for:

  • Anyone in any country who is ready to start their professional music career by learning everything they need to know about how the music business works and how to launch a career today

What you’ll learn: 

  • How to start a business
  • Why you should run your music career like a business
  • 5 things to know before starting your career
  • The 4 objectives to a successful music career
  • The 7 business types, and which one is right for you
  • The 4 steps to setting up an LLC
  • The 7 steps to the perfect operating agreement
  • Determining how much money you need to get started, and where to find it!
  • The 4 types of early stage financing (Loan options)
  • Working with grants
  • The secrets to crowdfunding
  • Why you should write a business plan
  • The 8 parts to an effective business plan

Requirements: 

  • No prior experience is needed in the music industry, business, financing, or accounting

Getting your career off the ground as a professional musician can be a long and scary task. It requires a lot of work and dedication. But with this course, that simplifies that process for you. This is a course designed for the average person who is ready to take their music career or music interest and turn it into a business. Whether you are an active musician, an aspiring musician, or an aspiring music manager or agent – this course is perfect for you.

In this course, we will focus the entire course on the steps to start a career in the music business. First, we will focus on the advantages and concerns of new businesses, specifically in the arts. Next, we will walk through the different types of businesses – from corporations, to family businesses, to nonprofit organizations. Most importantly, we will learn what is best for your business, and walk through the step-by-step process to set up and register your business. Last, we will walk through the steps needed to create your most essential founding document: the operating agreement. 

Our Promise to You

By the end of this course, you will have learned how to monetize your music.

10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about the music business fundamentals.

Course Curriculum

Section 1 - Introduction And Welcome
Introduction 00:00:00
About Me 00:00:00
The Format Of This Class 00:00:00
A Word Of Caution 00:00:00
Section 2 - Why Start A Music-Based Business?
Take Advantage Of Your Idea 00:00:00
The Public Favors Small Businesses 00:00:00
Age And Education Are Not Requirements 00:00:00
Self Employment 00:00:00
Section 3 - Things To Know Before You Start A Business
Definitions: Small Business And Entrepreneur 00:00:00
Typical Problems Small Businesses Face 00:00:00
Trends In Business 00:00:00
Family Businesses 00:00:00
Characteristics Of Successful Entrepreneurs 00:00:00
Section 4 - Your Business Objectives
The Four Objectives 00:00:00
The Service Objective 00:00:00
The Profit Objective 00:00:00
The Social Objective 00:00:00
The Growth Objective 00:00:00
Your Business Plan, Phase 1 00:00:00
Section 5 - Business Entity Types
Legal Forms Of Business 00:00:00
The Main Differences 00:00:00
Regionality 00:00:00
Proprietorships 00:00:00
Partnerships 00:00:00
Corporations 00:00:00
S-Corporations 00:00:00
LLP 00:00:00
FLP 00:00:00
LLC 00:00:00
Nonprofit Corporations 00:00:00
Which Is Best For You? 00:00:00
Section 6 - Setting Up Your Company
Filing Your Paperwork 00:00:00
Getting Your Documents 00:00:00
Obtaining An EIN Number 00:00:00
Certificate Of Assumed Name 00:00:00
Section 7 - Your Operating Agreement
Going Into Business With Friends 00:00:00
The Operating Agreement: General Information 00:00:00
Management Concerns 00:00:00
Capital Calls 00:00:00
Adding New Members 00:00:00
Making Decisions 00:00:00
Terminating A Member 00:00:00
Dissolving The Company 00:00:00
Section 8 - Wrap Up
What's Next? 00:00:00
Thanks And Bye 00:00:00

Course Review

4.5

4.5
2 Ratings
  1. Anonymous
    DAVID VELÁSQUEZ May 6, 2022 at 19:57 PM

    GREETINGS AND BLESSINGS... FROM THE AMERICA´S HEART!!! EL SALVADOR!!!

    4.0

    GOOD JOB!!!
    THANK YOU FOR EXPLAINING HOW TO CREATE & BUILD Music Business Fundamentals Part One: Monetizing Your Music!!!

  2. Anonymous

    Getting Started in Music Biz

    5.0

    Highly recommended for any musically inclined entrepreneur! This course has kickstarted my journey into making money with music. I have been making money with music for the past year, and know that with these fundamentals, I do have an ever expanded view of being more professional and dedicated to my endeavors. I already finished the second course, and just wanted to make sure this course got its review it deserves. Please take all the courses by Jason Allen, as he is a great teacher, having lived experience in everything he shares. Looking forward to developing my business skills with him as my virtual teacher.

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