Business Plan for Music Institute

|alkesh dinesh mody institute for financial and management studies , mumbai university Santacruz (e)-98 |
| |
| |
|[pic] |
|“A Business Plan For Setting Up A Music & Dance Institute |
|“Entrepreneurship & SME Management” |
| |
|TYBMS -A |
|[20Mar2012] |

[pic] [pic]

[pic]

“Music speaks what cannot be expressed,

Soothes the mind and gives it rest,

Heals the heart and makes it whole,

Flows from heaven to the soul.”

TOPIC: A BUSINESS PLAN FOR SETTING UP MUSIC AND DANCE INSTITTUE

[pic]

|Group Members |Roll No. |
|AJAY DHUTAWALE |11 |
|ADITI LAD |55 |
|ARUN IYER |27 |
|AMIT BALSARAF |02 |
|CLETUS LOPUS |57 |
|MALLIKA GAIKWAD |17 |

Submitted to: Prof. DESHPANDE MAM

[pic]

ACKNOWLEDGEMENT

We would like to express our special thanks of gratitude to my Prof. DESHPANDE MAM as well as our Director who gave us golden opportunity to do this wonderful project on the topic “A BUSINESS PLAN FOR SETTING UP MUSIC AND DANCE ACADMEY. While studying this project we gained lot of knowledge and information.

Secondly we would also like to thank my Parents and Friends who helped me a lot in finishing this project within the limited time. We have made this project not only for marks but to also increase our knowledge.
THANK YOU ONE AND ALL

|CONTENTS: |
|EXECUTIVE SUMMERY |
|ORGNISATIONAL STRUCTURE |
|PRODUCT AND SERVICES |
|MARKETING PLAN |
|MANAGEMENT PLAN |
|FINANCE PLAN |
|CONCLUSION |

EXECUTIVE SUMARRY

Our business plan is to establish art institute / academy. In today’s world where the stress on education and achieving a degree and post graduate degree is increasing.

Now-a-days due to cut throat competition in the market just a mere degree is not enough. People are looking for something which could given them and edge.

Art is not just something that is in born-talent but can is also be achieved by pure, love, passion and determination.

In today’s lactic life where people are busy connecting with a world we forget to connect with our self. Art is something which helps creating a bonding with our inner self. “Sadhana Academy” is just a helping hand for people who want to regenerate their passion not just learn a form of dance or music but to feel inspire and bring fruitfulness to their hobby.

[pic]

About Our Business Plan

Our business plan is about to start A class for those who are interested in Learning Music Instruments, and classical Dance forms in Kalina. The purpose of selecting this location because of there is a potential for this types of classes. We came with this business plan because as we all know that now days there are so many platforms are available for all kinds of Arts and Talents. Following are some examples of such platforms

← India’s got talent ← Dance India Dance ← Nach baliye ← Boogie –woogie Etc

One of the main reason for starting Music and Dance Academy in kalina because there are only few classes in kalian who provides classes for Musical Instruments. Most of them are taking classes at their home.
Our plan is to start classes for Musical Instrument and Dance both under a single roof, so all who are interested they will be benefited.

[pic]

VISIONS AND MISSION OF SADHANA ACADMEY

““The main Mission of the Sadhna Music Academy is to train and develop the fine kathak dancers and musical instruments players and conduct workshops to promote the art of kathak and Musical Instruments”

"To provide exceptional music instruction in a fun and exciting learning environment that inspires active participation, promotes the lifelong enjoyment of music and transforms students into Lifetime Musicians".

[pic] [pic] [pic]

[pic]

FORMALITIES TO START CLASSES FOR MUSIC AND DANCE

LEGAL FORMALITIES

✓ Registration of Academy under Partnership Act 1932

✓ Affiliation with Trinity college of London for teaching various types of Musical Instruments.

✓ Affiliation from “ Akhil Bhartiya Gandharva Vidyalaya Mandal “

✓ Registration with income tax ( for Service Tax)

[pic]

[pic]

CLASS TIME TABLE
|Time |
|1. |Partners contribution 1.5L Each |Rs.900000 |
|2. |Bank load @ 13.5 % |Rs.300000 |
| |Total Fund |Rs.1200000 |

A) REQUIREMENT TO START ACADEMY

|Particulars |Amt (Rs.) |
|Music System |15000 |
|Computer |25000 |
|Guitars 10 Pc |150000 |
|Violin |48000 |
|Piano ( Keyboard ) 4pc |100000 |
|Ghungrus |2000 |
|Furniture |20000 |
|Tabla |3500 |
|Total (A) |Rs.363500 |

B) EXPENDITURE IN ONE YEAR

|Expenditure Per Year |
|Particulars |Amt (Rs.) |
|Electricity |24000 |
|Rent ( Yearly ) |120000 |
|Stationary |1500 |
|Advertising (marketing) |244500 |
|Maintenance |24000 |
|Telephone charges |7200 |
|Water charges |12000 |
|Partners salary 400*576sessions |230400 |
|Finance & marketing manager salary ( part time ) |144000 |
| Total Expenditure (B) |807600 |

Total Expenditure A+B =Rs.1171100

TOTAL REVENUE FROM CLASSES

|Source |Duration |total |
|Guitar fees |1year |216000 |
|Dance |1year |648000 |
|violin |1 year |243000 |
|Piano keyboard |1 year |250000 |
| | | |
|Avg. students = 18 |Total Cash inflow In a year |Rs.1357000 |
| | | |

[pic]

CONCLUSION

• ART IS NOT JUST A FORM OF DOING AS INBUILT, IT IS A RELIVES OF OUR INNERSELF. THINKING OF BUILDING OF INSTITUTE WHICH JUST NOT BELIEVE IN TRAINING WHAT WE HAVE BUT ALSO IN INNOVATION AND DEVELOPMENT OF A COMPLETE PERSON. • AS THE INCREASE IN MARGIN OF YOUTH WHERE OVER ALL DEVELOPMENT IS CONSIDERED, OUR INSTITUTE HAS SCOPE IN DEVELOPING ITSELF IN THE SUBURBAN AREAS. WHERE CREATIVITY LIES UNDER ONE ROOF NOT JUST THE YOUTH BUT ALSO FOR ONES WHO WANTS TO RE CONNECT WITH THEIR INNERSELF.

WEBLIOGRAPHY

www.abgvm.com www.trinity.uk www.brightdoor.com

[pic][pic]

[pic]