Looking into starting a Recording Studio

Serendipity
Serendipity Posts: 6,975
edited April 2011 in The Clubhouse
I'm looking into starting a recording studio business sometime in the future. Would this be a risky proposition or a safe bet? I'm trying to bridge my interests [10+ years as a musician (classical Piano) including performing at Carnegie Hall, electronics, and a bit of desire in me to become an entrepreneur] Any help would be greatly appreciated.

Thanks!
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  • Big Dawg
    Big Dawg Posts: 2,005
    edited April 2011
    Where do you live?
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  • Serendipity
    Serendipity Posts: 6,975
    edited April 2011
    Big Dawg wrote: »
    Where do you live?

    New York.
    polkaudio RT35 Bookshelves
    polkaudio 255c-RT Inwalls
    polkaudio DSWPro550WI
    polkaudio XRT12 XM Tuner
    polkaudio RM6750 5.1

    Front projection, 2 channel, car audio... life is good!
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  • cnh
    cnh Posts: 13,284
    edited April 2011
    You need to do some research before you get in 'too' far! A couple of my friends who have made some documentary films set up a film and video studio before they did their--how shall we say--marketing research (find out what the market is like and who your competition is). I know it's not a recording studio but there are analogous problems.

    The long and the short was that they got into a financial 'hole' buying their equipment before they had lined up enough work (jobs) and had to declare Bankruptcy after a few years? That's what you need to think about the most...not should you but can I get the work and how many others can do what I will be able to do.

    It's obviously a good idea to get a handle on the customer base and commitments before going into debt. If you can answer those questions in the affirmative..by all means get to it!

    cnh
    Currently orbiting Bowie's Blackstar.!

    Polk Lsi-7s, Def Tech 8" sub, HK 3490, HK HD 990 (CDP/DAC), AKG Q701s
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  • Big Dawg
    Big Dawg Posts: 2,005
    edited April 2011
    Serendipity wrote: »
    New York.

    PM sent.

    CNH makes a great point - it's a very difficult business, but there is a lot of opportunity if you know what you are doing and know lots of people.
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  • Systems
    Systems Posts: 14,873
    edited April 2011
    W-a-s-t-e-O-M-o-n-e-y.
    Hey, a new company slogan?:biggrin:
    Testing
    Testing
    Testing
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  • jenkzy56
    jenkzy56 Posts: 13
    edited April 2011
    Risky but not impossible.
    you say New York, but is that the city or upstate?
    Who are your clients? advertisers, Artists,?
    are you going to specialize in mixing, mastering, basic recording?
    are you familiar with pro-tools, logic, DP ect..?
    Do you have a dedicated/comercial space for the studio or is it gonna be in your bedroom or garage?
    These are just a few of the beginning questions you will need to ask yourself.

    I am only asking because I have been a pro musician my whole life and its not the kind of venture you want to take lightly, especially now days!
    the music business is in a state of serious flux to put it mildly.
    Major studios are going the way of the dinosaur and smaller ones are struggling to keep their doors open as well.

    having said all that doom and gloom stuff, if. . .if you do your research, understand where you can provide a niche service and are very good, hey, you just might be able to pull it off.

    I wish you the very best of luck.

    jenkzy
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