Lady Pro Entertainment & Publicity, Inc. has been added to the roster for press coverage at the Forgiato Fest on July 28, 2012!!! We will be in building along with InTheMixMiamiTV to get press coverage and to work along side some of the best in the entertainment business! We are excited and overjoyed to be a part of this year's Forgiato Fest!!!
Also
as our guest, Brian Burton formally appearing on Basketball Wives
Season 3 and the President of BBOYZZ Entertainment will be in the
building!!
FORGIATIO FEST JULY 28, 2012 from 3-9pm!! MEEK MILL, STALLY, BRIANNA, BRISCO AND MORE ARTIST TO ANNOUNCE!!! SEE YOU THERE! TICKETS CAN BE PURCHASED AT WWW.FORGIATOFEST.COM! TICKETS CAN BE PURCHASED THE DAY OF THE SHOW FOR $30! GET YOURS NOW!!
After reviewing the websites, I am providing some of the information obtained from a few websites.
1.What types of financing opportunities are described on the websites?
According to www.oppurtunityfinance.net/ is a very informative website that has a unique approach to the way in which they finance loans. The Opportunity Finance Network (OFN) is the nations largest and most prestigious awards program for people who are responsible. It markets business to help low-wealth and low-income people in various communities to join the economic stream. They have a program that randomly chooses luckily winners to win Wachovia Wells Fargo opportunity finance. The Coastal Enterprises, Inc. (CEI), in Wiscasset, ME provides capital form of loans and equity investment, as well as technical, workforce, and policy support. It also creates jobs, natural resources for business. The funds are in described as grants and low-cost, long-term loans.
The website http://www.microenterpriseworks.org/ markets a company that creates economic opportunity for underserved entrepreneurs. They offer financial entrepreneurial support for families and business owners through lenders such as Capitol One Bank, Citi Bank, Wells Fargo, and Friedman Family Foundation just to name a few. AEO offers financing in the form of private loans to improve and expand vital programs to disadvantaged entrepreneurs. According to www.ncif.org/ provides investor services that selectively provide institutions for investor clients that want start a business. They provide examinations of portfolios that contain summary data and comparisons to relevant peer groups to ensure that one receives the loan or grants that are currently available to them.
2.What are some of the requirements and qualifications to obtain financing?
Some of the qualification include that one must be a disadvantaged entrepreneur. Other include that you must have a good credit score and eligible for qualifications. On the other hand www.oppurtunityfinance.net/ required for an individual to be low-wealth and low-income participants in order to qualify to enter the drawings for business funds. This shows that there is funding out there for people no matter if you have an income or no income at all. The privileged and underprivileged business entrepreneurs have a chance to get funds that will aid in financial wealth.
3.What other types of information are available on the sites?
Additional website information included business start-up seminars, training and loan counseling for those who are borrowing loans from private lenders. The website http://www.eda.gov/offers very informative tips on programs and funding opportunities that include economic foundations, developments and assistance center that include federal agency locations and additional web links that provide further education about loans and grants that are available to business entrepreneurs.
General Comments in regards to the advantages and disadvantages of using alternative financing:
Some of the advantages include being a disadvantaged loan borrower, and having services to help get the same economic status as someone who has more than enough funding to start your business. Some of the disadvantages include that if you are in debt or your credit line is limited, you can only receive so much in funding that may not enough for your start-up costs which may hold one back who has a lucrative business plan with limited funds to start.
Anyone looking to start a business plan and desires consulting services, please contact Nicole McFadden, C.E.O of Lady Pro Entertainment & Publicity, LLC (708)-595-7446 or inbox me on FaceBook (Nicole Virginia McFadden) Twitter: @LadyProEnt Follow me and I'll follow you back!! LinkedIn (Nicole McFadden) Artist Manager & Business Consultant
Now that I have accomplished my goal of finishing my Master’s of Science Degree from Full Sail University, I can say that I am equipped with the knowledge that I need to succeed in the music entertainment business. Some of the new and current trends are the new online technologies in which the Internet is inescapable. I plan to use digital distribution streams to market the music that my artists produce on behalf of my company. There are many music websites where music is distributed digitally but iTunes and E Music are right down the path that I’m going. Record labels these days aren’t giving artist royalties through digital distribution. However new business models in digital distribution makes it easier for artists, comedians, authors or similar professionals to get their work into the public sphere of interest very easily with minimum business expenses. This helps to lower the prices for the artist and helps them gain increased profits for the music that they distribute. All forms of media including games, films, books, and music software are now in digital form. Digital distribution has opened the online databases which creates new jobs and business models.
The new digital distribution business models makes a way for artist to access the same distribution channels as record labels, without all of the extra manufacturing costs. Recent innovations with current Internet labels has created new business models that offer digital distribution services to unsigned or independent artists directly existing online. Digital Rights Management (DRM) is the new current solution to the new flaws of digital media. This allows all distributors to protect their content from unauthorized redistribution. Digital Asset Management (DAM), Digital Rights Management (DRM) and Digital Content Delivery (DCD) are all new business models that opens the door to the future of digital distribution. These new digital distribution business models and innovations has allowed artists and other entertainment business professionals to upgrade into the world of digital distribution.
For more reference the link below has very informative content that is useful for someone who wants to know more information about the digital distribution and how it is changing the music industry.
In the second week of my Business Plan Development course, we were required to describe how we intend to incorporate what we have learned from our own research on experts profiled in the previous blog post. After reviewing the history of several experts, I noticed that every part of a business plan is very important; but how you apply the business plan components is of more importance. Potential investors will read my business plan, so it has to be compelling and it has to show the specifics to how my business works. I made a lot of changes to my business plan, however the first specific change that I made to my business plan included reconsidering my company’s analysis. According to the bpexpertsview blog (2011) “The Company Analysis gives a general idea as to what the company is about. It describes how the company is organized, what products and services it offers/will offer, and it goes into further detail on the company's unique qualifications in serving its target markets,” (Lavinsky). The company analysis is also the foundation for every company and it should be clear and concise within a business plan to potential investors who are funding the business.
Within the company analysis, I changed some of services that I will provide to my potential customers. Instead of limiting my company to just event planning and artist management services, I incorporated tour management services as a part of my company’s analysis. Including tour management services as an addition to my company analysis helped my company be more unique and qualified in serving its target market. Adding tour management services for my artists also helps my company to differentiate from other entertainment companies, which creates a competitive advantage for my business. The second component of my business plan that I revised was the Executive Summary. I consider the Executive Summary to be the most important to an investor, because it is the first thing that an investor will read. According to bpexpertsview blog (2011)“The Executive Summary must communicate to the prospective investor the size and scope of the market opportunity, the venture's business and profitability model, and how the resources/skills/strategic positioning of the Company's management team make it uniquely qualified to execute the plan” (Lavinsky, 2010).
The income statement in the financial section of my business plan is just as important to an investor that reads my business plan because the funds requested have be to be realistic, or a potential investor will think they are wasting their time and money. According to Mark Bass, MBA, “The income statement measures the revenues generated by your business against the costs required to generate them.” The ability to consistently generate more revenue than expense (profit) is the ultimate indicator of your company’s viability (Business Plan, 2010).
After reviewing more research from the bpexpertblog and other viral video sources, I noticed that I didn’t go in depth about the scope of my markets opportunity. That could limit the chances of an investor’s interest in my business plan, and it can also limit my company's target market. Moreover, it can limit my chances of getting funds for my business. The industry analysis section of my business plan is important to consider because it will constantly change due to intense competition in the field of entertainment business. I will do research on a consistent basis to be aware of new industry trends such as new technology that can bring new business models and new target demographics. After doing extensive research, I am convinced that every component of my business plan must be solid so an investor will consider possibly investing in it.
