You Got It Studios is a music production company that scouts, develops, and promotes vocal and songwriting talent. It offers studio time, lessons, and songwriting workshops. The company also markets and promotes its artists, provides transportation, and offers image consulting. You Got It Studios has a $1 billion budget from private investors and manages payroll deductions for artists.
Martecia Radcliffe "You Got It Studios" Business Plan Simulation/Class Project
1. You Got It tudios
Business Plan Simulation by Martecia Radcliffe
To: Ms. Reed/ Teen Living (Exploratory)
Craigmont Middle School
March 6, 2013
2. Martecia Radcliffe
Teen Living (Exploratory)/ Ms. Reed
March 6, 2013
Business Plan Simulation
Business Name: You Got It Studios
President & CEO: Martecia Radcliffe
Facility Size:
Budget: $1 Billion (1,000,000,000)
You Got It Studios scouts for, polishes, produces, and promotes tip top vocal and writing
talent. We offer pay-by-the-hour studio time and contractual agreements to exceptional vocalists
and rappers. We also offer voice and songwriting lessons (lyric and sheet music) and other music
courses via our educational partners.
We have a song writing lab that is available for use by our signed and other recording
artists. Group writing workshops are available on Saturdays from 12:00 p.m. until 4:00 p.m. Our
writing lab is equipped with computers that are entailing of songwriting software and rhyming
dictionaries that facilitate the songwriting process (rhyming dictionaries are also available in hard
copy).
We also sponsor song-writing contests for the purpose of securing ample material for our
signed recording artists to work with, realizing that the success and longevity of our artists hinges
to a great extent upon a prolific supply of quality material for availability to and production by our
artists. When a submission is selected for production and/or when the submission is performed
3. live, on the radio, television, or by other means, the writer will be paid additional royalties in
consistency with applicable laws.
Sing/Rap a Telephone Message & Video Submission Talent Recruitment
Our recruitment consists of vocalists and rappers mailing and/or emailing video
performances, or singing and/or rapping telephone messages for our producers at our recruitment
call-in line. Messages and videos can be up to and no more than 10 minutes in length. Video
performances can also be uploaded and voted upon by the general public at our website at
www.yougotit.com, the method that we most encourage and that best determines selection of hired
talent or those who will be offered contractual agreements with our label, as public votes give our
producers some idea of the projected success of potential signees.
Marketing & Promotions
We also offer marketing and promotions services, including video production and events
management (concerts, etc.). Transportation services for our artists include limousine, tour bus,
cruise line, and flight provisions by means of our/company or rented vehicles, when necessary.
Image Consulting
We additionally offer image consulting services to our signed recording artists and other
clients. These services include diet & exercise and/or weight loss strategies or personal training,
hair and nail care, wardrobe consultation, and other self-improvement initiatives.
4. Our $1 billion and growing budget is exclusively private investments/revenues from our
shareholders.
Payroll Deductions & Financial Counseling
We withhold the appropriate federal and state income taxes, health care premiums, and
other deductions from our artists’ pay to facilitate such collection and returns by and from the
Internal Revenue Service, health insurance providers, etc., where appropriate, and to secure
synonymous benefits to the artists and their families, as applicable.
We also offer financial counseling to our signed artists, i.e. we encourage our artists to
invest in Certificates of Deposit (CD’s) to accrue or save funds such as would generate perpetual
or continuous desired income during and beyond the scope of their active careers in the music
industry—For example, a $1 million investment would generate $50,000.00 annually or yearly.
Our philosophy is discovering, developing, and launching the most promising talent wherever we
find it, and supporting our artists within every reasonable capacity.
5. You Got It Studios Personnel Management Job Descriptions & Titles
Job Title Job Description
A & R (Artist & Repertoire) Manages the A & R department. Responsible for locating and
Director signing new talent. Responsible for hiring and managing general
staff and the budget of the department. Qualifications: Prior
experience in an A & R or similar position. A thorough
understanding of music and a variety of genres, and especially the
contemporary music scene. Strong leadership and negotiating skills
to support artists’ ambitions and secure the best deals for the
company. Excellent judgment to predict the likelihood of
commercial success.
Music & Video Composer Reports to the A & R Director. Must have the ability to translate the
vision of directors into musical terms, and to incorporate those
terms into musical videos. Writes songs and creates music for
signed recording artists of varied genres. Must be capable of
working with and learning new relevant technology, meeting
deadlines, and assuring work quality. Also responsible for perusing
external submissions of songs and/or poetry for consideration and
potential production, and forwarding acknowledgements to the A &
R Director to assure that such contributors are paid royalties in
accordance with applicable law. Qualifications: A bachelor’s degree
in music composition or a similar program—A master’s or doctorate
degree is preferred. The successful candidate must have
demonstrable talent and musical drive, which would supersede
stated credential requirements. Salary: $70,000.00.
Marketing & Promotions Director
6. You Got It Studios Job Titles & Descriptions
Job Title Job Description
Music producers Scout for vocal talent and produce music for You Got It
recording artists.
Lyricists Write songs for recording artists on the You Got It record label.
Graphic Designer To design CD covers and promotional material for recording
artists.
Videographers
Produce music videos for You Got It recording artists.
Marketing & Promotions
Representative Promotes You Got It recording artists/music.
7. You Got It Studios and Supplies List
1. blank CDs
2. Publishing software (to design CD covers)
3. jacket covers
4. telephones
5. message pads
6. paper clips
7. staples
8. staplers
9. computers
10. color printers
11. songwriting software (i.e. http://www.paragoni.com/songwriters-pad-for-pc-mac/)
12. writing pads
13. pens
14. rhyming dictionaries (i.e. http://www.amazon.com/Essential-Songwriters-Rhyming-
Dictionary-Easy/dp/0882847295)
15. fax machines
16. camcorders
17. music production equipment
18. kinetics (exercising) equipment for recording artists
19. digital cameras
20. Tour buses