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The Studio Business Book: A Guide to Professional Recording Studio Business and Management, Third Edition by Jim Mandell, Mitch Gallagher

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Partnership

Partnership is probably the official smartest way there is to go into, enjoy, and be successful at business, assuming you’re not already independently wealthy (or don’t like being with other people). Note that if you are independently wealthy, or simply have all your funds solidly in place, and you’re serious about starting up a studio, the best thing to do at this point would be to hire an experienced professional consultant to get some personalized attention and support.

But back to the buddy plan. To illustrate, look at how a think tank works. It’s a concept used in government and big business, where a bunch of people lock themselves in a room together and tackle a problem. For several hours or days or months, they throw ideas ...

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