Setting up a record label isnt an easy task. One of the things you have to remember is that there are thousands of people every year who have a huge interest in music, trying to set up there own record label and have little success.
The absolute most important part of a record label, the one thing is can survive without is salable artists. Many people are so caught up in making there label look trendy, with flashy websites, witty banter and fashionable image, that they totally miss the point. Your artists are without doubt the most important thing on your list.
Small independent record labels should do there absolute up most to keep there signings happy. That way when the suits from huge mega corporations like Sony and EMI come along to try and sign your now moderately successful artist for there next album, they will be less likely to risk the move. Dance music record labels are usually slightly different as they dont usually sign there artists to sign contracts for albums. The Dance music industry revolves around singles.
One question you will have to ask yourself early in the process of setting up your label, at least in the time before your first...
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