BUSINESS PLAN

Business Plan -Digital Media



Business Plan -Digital Media

Introduction

The decision of the business requires the accurate level of planning and the allocation of the resources so as to achieve the desired aims and objectives of the business process. The companies that develop proper business plans tend to achieve growth, success and the competitive advantage among the competitors. The allocation of the resources is also an important aspect within the business plan. The companies that plan their financial resources with great effectiveness not only achieve their targeted financial goals and objectives, but also they get various useful assets that assist them in the short run as well as in the long run. Therefore, the development of the business plan is significant for all the types of the business companies as it provides the proper guide line and the frame work of carrying out the business activities. A business plan is a formal structure that outlines the goals, objective, human resources as well as the financial resources of the company. The development of business plan is the first step in initiating the business process. The effective business plan depends upon the efficient and effective market research as the market research provides the guideline for the establishment of business goals and objectives.

The following section aims at discussing in detail about the business that is decided to be initiated. Our company, Music Vault Group LTD, is aimed to provide personalized assistance in music creation to performing musicians, music producers, composers and businesses in creative industries. Whether it is composing the song from a scratch, creating melody or mixing song we make sure that our work is exactly suited to the time and taste preferences as well as financial expectations of our client. Our second goal is to educate more people about music creation and putting ourselves among the leaders contributing to the development of the global digital revolution in online music production.The proper business plan will be highlighted so that the proper allocation of the financial resources can be made to achieve the targeted goals, missions and objectives of the company.

Discussion

Music Vault Group LTD is an international media group that takes three main directions:

Music Vault section is a list of talented music composers, producers, audio engineers who provide wide variety of music services.

Studios section offers music studios at a discounted rate, mastering and mixing services and assistance in live music production and recording.

Music Recipes is an online show, which reveals the secrets of music production and helps musicians create their own music time and cost efficiently.

As the company is aimed at offering the opportunities for the music composers to work for the company according to their flexibilities, therefore distinctive online marketing strategies are required to be implemented so as to achieve the targeted level of business operations. There are various theories and models that have been proposed related to the marketing management keeping in view the importance of marketing aspect of the business. The marketing management provides the basis to the companies ...