Prepare to invest yourself in your radio business goal with commitment and energy.
Consulting contract documents Writing a Business Plan for your Radio Station Business plan is the reason why some successful businesses can look back and say that they followed particular and deliberate trends in building their businesses.
The reason why people start commercial radio stations is to make money and making money involves attracting sponsorships and paid adverts from corporate organizations, government agencies, politicians, churches, activists and individual et al.
It is not enough to just write a business plan for the sake of writing one, your business plan should be able to pass reality check; you must put relevant facts, figures and statistics into consideration when writing your business plan.
The truth is that, the main aim of writing a business plan is not radio broadcast business plan for the sake of having a business document in place; but to have a detail guide on how to effectively set — up, run and manage your business. Your business plan should outline and cover strategies on how you intend to operate your radio station and to attract listeners, adverts and sponsorship deals.
When writing your business plan, ensure that you are moderate when it comes to setting projections on income generation et al. It is important to state that if you want to start a radio station, you should go for standard equipment and of course they can be expensive.
Your concern should not just be restricted to the amount needed to purchase standard equipment, but also the amount needed to pay employees and run the organization for at least 6 months, and the amount needed to secure a standard facility that meets your expectation and the amount needed to furniture and equip the office, the amount needed to pay bills, promote the business and obtain the appropriate business license and certifications.
Financing Your Radio Station Establishing a standard radio station that will be on air 24 hours a day and 7 days a week requires solid capital base. As a matter of fact, you are not likely going to start attracting adverts and sponsorship deals within the first three months of operation which is why you must have enough money to cover the cost for at least 6 months.
No doubt when it comes to financing a business, one of the first thing and perhaps the major factors that you should consider is to write a good business plan.
If you have a good and workable business plan in place, you may not have to go through stressful processes before convincing your bank, investors and your friends to invest in your business.
Choosing a Location for Your Radio Station When it comes to sourcing for a location for your radio station, you can choose a location that fits into your budget.
The location of your radio station does not need to be in a commercial hub; you can operate from the outskirt of town, as long as your signal can be received within the diameter you intend covering.
Besides with the aid of apps and the internet, you can locate your radio station in Hawaii, United States and someone in Lagos, Nigeria can listen to your radio station.
Whichever locations you choose to set — up your radio station, ensure that it is safe and easier to locate. This is important because your staff will work at odd hours and also for it to be easier for guest to visit your radio station when you want them live on air.
The ideal facility for a radio station is of course a skyscraper if you can afford an office in such facility. If you radio station is situated in a high rising building, it is easier for you to transmit to a wider audience.
It is advisable that you acquire them as brand new because you can truly trust fairly used radio equipment, they may fail you when you least expect. When you lease a facility, it is easier for you to set up long term plans. When it comes to the number of employees to run a radio station, you are expected to use your discretion.
Although there are key roles that must be occupied, but that does not stop you from starting with a handful of employees and then grow the radio station as you begin to generate income from the station.
On the average, you will need a minimum of 10 people to run a small radio station.Are you interested in starting a radio station from home? Do you want to learn what it takes to run a radio station successfully? so we have provided you an in-depth sample radio station business plan template.
We also took it further by analyzing and drafting a sample radio station marketing plan backed up by actionable guerrilla marketing. THE NEW RADIO BUSINESS MODEL THE NEW MODEL trend in radio broadcasting today is to rely on national syndicated content, hyper-localism is and has always been at the heart of radio’s success.
HOW WE GOT HERE Microsoft Word - New Radio Model_doc Author. Business plans, which have a traditional structure, can be modified to ensure a clear presentation of your business idea.
In television, radio and now in online and mobile broadcast, many of those. Bloomberg Boston Bureau Chief Tom Moroney and radio news anchors Peter Barnes, Pat Carroll and Anne Mostue are joined by top names from local business and finance to medicine and politics, along.
The third section of the business plan will further describe the services offered by the Radio Station, The Financing Mr. Doe is seeking to raise $ million from an investor or group of investor(s). Executive Summary of Business Plan 1 The development of Black Television News African American business leaders, entertainers and lawmakers.
Black Television News Channel’s experienced management team is led by former Congressman. technology in radio, television and the Internet.