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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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Other Ways to Find Money

Of course, partnership isn’t the only way to run a business. There are a host of alternative methods for getting the funds you need to start up a studio facility. Mom, Dad, Uncle Sid, and Granny Anne account for a surprising percentage of angels who lend or donate seed money. You might inspire them to jump in with a promise of a return on an amount they lend you, or even an equity position that ties their investment to a portion of the profits.

But take care regarding the amount of control you grant them. Unless they’re experienced professionals, you may find yourself with a partner who feels entitled to control the way things get run, in spite of your objections to the contrary and their lack of knowledge.

As with any ...

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