My Record Company
Panther records is a family based company.
What it is that we do, is we manufacture and distribute our product? By means of retail shops, and now with the booming wave of the internet, the market has become more open. We are learning that is not too difficult to create your own brand, it’s the making the brand successful is what takes the talent.
The term entrepreneur, as defined by Wikipedia, ‘is a loanword from French, and is commonly used to describe an individual who organizes and operates a business or businesses, taking on financial risk to do so.” The Owners…
Here at Panther Records. The owners are the ones who took majority of the risk. In by doing so, was able to make some key moves during a few key sacrifices. First off. The two owners, who are family, come to an agreement, and decide that both parties honor that agreement. From there seed money was set in place. Knowing that most new small businesses fail within the first two years of operating, the two decided that the seed money had to be able to allow the company to work with in those first two years.
Record labels can differ from one another in terms of their organizational structure. A large label, for example, may have many subsidiaries incorporated into them that affect the organization. Smaller independent (indie) record labels, like us, can structure our company in a completely different way again. With the basic idea in place that, the record company will be run overall by the chief executive officer (CEO). Each label within this company is then headed by its own president, who will in turn have vice presidents reporting to him.
A lot of time is spent in the legal business cleaning up relationships that were poorly designed and documented. But an ounce of prevention is worth a pound of cure. There is pretty much a legal contract in...