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I Am Planning to Start a Music Store

 
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saxfiend

posts: 9

Jan 04, 2009 7:36 PM ET    Quote  Report Abuse
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Okay, first of all Hello. I am an eighteen year old high schooler planning to open a music store. I am planning on attending college to attain further education in the fields of music and business. However, I am not exactly sure which kinds of classes I should take in those fields.
Originally I was planning on taking music ed classes to become a certified HS band teacher. After getting a job as a band teacher I was going to take some classes at the local community college for instrument repair during my spare time. After saving up enough money I was going to open a music store.
I read another post somewhere on Startup Nation about a twenty year old looking to open a music store and someone posted that twenty was a great age for thinking about opening a new business. Someone also said to make lists of things that would be sold, services that would be needed, and so forth and so forth.

I have been planning my music store since the age of fifteen. Here`s what I have so far (in general - specifics would take a long time):
1. It would be called The Band Room - in honour of my "second home" during my four years of HS.
2. I would sell all kinds of instruments which would be in separate sections of the store (woodwinds, brass, strings, perc). 
3. Along with the instruments themselves I would also sell accessories (reeds, mutes, pad savers, grease, oil, swabs, etc.)
4. I will also sell things such as posters, bags, tees, flair (buttons), music books and books by musicians, collectibles (like the Ozzy Osborne action figure type stuff), music themed games (such as Guitar Hero and Rock Band)
5. I will have a "Lost and Found" section where customers may purchase previously owned instruments as such
6. I think it would be cool if I could sell concert tickets?
7. Perhaps a section where people could purchase CD`s, LP`s, and/or download music
8. There would be perhaps 4 lesson rooms where retired teachers or people who just know their stuff would give lessons to people who wanted lessons. I have worked out prices that I think would be fair for where I live.
9. There would be a Classifieds area where people could post things like "Drummer Needed for Up and Coming Band Call XXX-XXX-XXXX If Interested"
10. There could be a small stage for bands to play on at night or maybe even during the day
11. I want to work in a way people could sit down and watch the bands but the thought of having food and drink near instruments to me is like the sound of nails on a chalk board to other people
12. There of course would be restrooms
13. We would offer instrument repair services
14. I was thinking maybe we could offer free name engraving on instruments and also offer custom engraving (but for a price)
15. We could offer gifted shipping (like if someone buys an instrument for someone else and we could ship it to the recipient`s house)
16. There would be practice rooms for people to try an instrument
17. We would offer instrument testing (like if a child wants to play an instrument but doesn`t know which instrument they should play we would have an array of instruments for them to try to see which best suits them)
18. We would have computers in the shop for clients to search through to see which instrument they want
19. Band teachers and employees would get a special discount
20. Students taking lessons would receive special things for getting into honor bands (All State = 3 free lessons, SWIHMB = 1 free lesson, Jazz 1 = 1 free lesson, etc.)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As for the computer mentioned in number 18, it would have a main screen with the options of woodwind, brass, string, perc, accessories, and favourites. If they picked woodwinds it would say clarinets, saxes, flutes, piccs, recorders, oboes, bassoons, and other. If the picked clarinets it would say Bb, Eb, Ab, A, Gb, Alto, Bass, C Melody, Contrabass, ContraAlto, Bassette, and Saxonette. If they picked Bb it would say Student or Professional, if they picked pro it would say Buffet R13 Prestige, Buffet R13, Buffet R13 Vintage, etc. If they picked Buffet R13 it would come up with a page that had a picture, the price, the specs, and wether or not we had it in stock, and of course "return to main page" and "back" buttons.

Favourites would be a list of the instruments and accessories that the employees liked or recommended.
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So that is just a general list. I have it broken down into more specifics but I have like several pages of ideas and plans and such. Any help or suggestions would be greatly appreciated. Thanks.
cubemonkey

posts: 94

Jan 04, 2009 7:56 PM ET    Quote  Report Abuse
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That`s a large list of ideas. Personally I would stick with the business and finance classes in college and get a degree in that area. Seems like spending the tuition on music ed classes would be counter productive for your goals in life. You obviously have a musical love and gift, you can learn more by just networking with other musicians and local store owners than you will in a class room. Leave the book learning to the finances and creative business thinking that will provide a good foundation for your goal. Take course in customer service if offered, I know your future competitor "guitar center" is lacking in it. I spent my time in college trying to branch out, business/IT/nutrition....Now I have my own business, wrote all the code myself, and go to the gym a lot haha. Funny how it works out.

I think the best thing you can do now or while you`re at college is to network with other music shop owners around you or in neighboring towns. Maybe get a part time job with them. Talk to the owners and become friends. They have valuable info!

You have a lot of good ideas, some I would like to see more in local music stores (ie the stage for performing) but music is superrr expensive as you know and I couldn`t begin to fathom how much it costs to stock a store with instruments.

But hey, it will be exciting.



-------------------------

Guitar Repair - RepairMyGuitar.com - The Guitar Repair Directory
CraigL

posts: 9051

Jan 05, 2009 1:19 AM ET    Quote  Report Abuse
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Here`s a thread you might enjoy:
"I wanna open a music store."

Relative to college courses, basic business classes and also basic accounting would be excellent. The music classes apply if you want to get a teaching degree, but not so much for running a store.

A bigger issue is whether or not a music store even will work in today`s world. Aside from downloadable music, there`s also the emerging concept of collaborative bands working with virtual studios online.

I like your thinking about covering the overall world of music, not being dependent on only one aspect. It`s a tough world, that`s for sure, and when I was doing music professionally it was 20 years ago. A whole lot easier!


-------------------------

Craig Landes
---
Defining the undefinable. "There are 10 kinds of people in the world---those who understand binary numbers and those who don`t." - Unknown

International Society of Curmudgeons
patentandtrademark

posts: 1325

Jan 05, 2009 10:27 AM ET    Quote  Report Abuse
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if you pick a less descriptive name for the business, it will be easier to register the name with the USPTO [and prevent others from copying the name].

-------------------------

James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com
saxfiend

posts: 9

Jan 05, 2009 12:46 PM ET    Quote  Report Abuse
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What is the USPTO?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Okay, I think perhaps I shall take business (as a major?) and some accounting. I think that since I want to open a music store I should at least take some general music classes. right? It would give me more knowledge for if someone needs help with something. I will for sure take some instrument repair classes since that is something I will definately offer in the shoppe.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I will for sure look around when I go to college next year to get a job in a music store to gain knowledge and experience. There isn`t a store for about an hour of where I live (not counting the ones that only offer a selection of ten or twelve music books and nothing more - of which I believe there are only three near my area).
CraigL

posts: 9051

Jan 05, 2009 10:14 PM ET    Quote  Report Abuse
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US Patent and Trademark Office (USPTO)

There`s a classic maxim in the world of business: "Do what you do best, and delegate the rest."

The word delegate means to assign tasks and initial responsibility to someone else. The phrase itself means that you can`t be a 1-man show when it comes to a complex business.

The reason for the phrase is that many people believe they have to be totally and solely responsible for every single component of their business. They can or may hire employees, but not for anything "important."

For you to think that having a few music courses will somehow make you a better sales person or executive manager for a music store indicates that you`re perhaps falling into this trap. The truth is you don`t need to know anything at all about music, other than what you personally enjoy. Hire the experts.

Same with repair. There`s no way you`ll ever gain a lifetime of experience in a college education sufficient to even repair a broken violin at the level of expertise required.

Focus in on what your real talents and skills might be. If you have a "head for business," understand that the majority of artists and entertainers have no clue at all about business. That`s why we have agents and managers. Use your idea and inspirations, together with real knowledge of how to run a business, to direct and drive the actual business---the music store itself.


-------------------------

Craig Landes
---
Defining the undefinable. "There are 10 kinds of people in the world---those who understand binary numbers and those who don`t." - Unknown

International Society of Curmudgeons
saxfiend

posts: 9

Jan 06, 2009 9:57 AM ET    Quote  Report Abuse
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Thanks for the advice, CraigL. I think that perhaps the reason I want to take music classes is maybe because, I don`t know, I guess I feel like if I don`t take music classes of some sort I would feel like I was abandoning the one most important thing in the world to me. I live for music and having four years of not taking music classes would be like I was a prisoner of my own dream or something. Does that make sense? Probably not, I can`t really describe it.

I am the "one man show" kind of person though. Thanks for saying it`s okay not to know everything - I needed that reminder. I`m one of those people who think that if I don`t do it then it wont get done "the right way." I freak out when it comes to trusting people with my dreams - which I`m guessing is a bad thing. 

I have a lot of things I want to do - the store being number one on my list. But you can`t do everything - I relise there isn`t enough time for that.  Though I don`t think I really have a "head for business" - I`m more of the music person, only with dreams and plans of a really great store.
CraigL

posts: 9051

Jan 06, 2009 10:29 PM ET    Quote  Report Abuse
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I have a natural ear for music, so although I had a few lessons sporadically, I never really studied it. Nor did I take more than a couple of music "courses" in school. Yet I played professionally for 20 years, had a modest success, and certainly never felt I wasn`t following my dream.

I totally understand your worries. Music is possibly even more than a passion. I could make a case that music and mathematics are fundamentally different ways of perceiving reality. But as such, there`s no way you can "accidentally" lose the music, your passion for it, or your thoughts about a future involving music.

Another way to think about it would be to wonder if you could accidentally forget that you`re left- or right-handed. :-) Won`t happen.

The problem here is priority. If you want a music store, then that`s your goal. To achieve that goal, you have to define the steps you intend to take, then prioritize those steps. Which is more important, to understand basic cashflow and inventory management....or taking a course on music education?

Part of understanding prioritization is to also understand "time sensitive" variables. If you take a business degree, then spend time opening a store, can you never again take music courses?

On the other hand, if you open a music store but have no knowledge of business, can you take a business course AFTER you`ve already opened the store?


-------------------------

Craig Landes
---
Defining the undefinable. "There are 10 kinds of people in the world---those who understand binary numbers and those who don`t." - Unknown

International Society of Curmudgeons
saxfiend

posts: 9

Jan 07, 2009 8:39 PM ET    Quote  Report Abuse
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I see what you are saying now. I believe then that I shall go to college for business/entrepreneurship(?) and open my store :) and then take music if I still thought I needed it by then. okay. 

Now, I have been debating with myself wether or not a community college is good enough. The one closest to me is Western Iowa Tech Community College. Right now it`s between WITCC and University of Iowa. On one hand WITCC would cost less because I wouldn`t need to pay room and board or for meal plans. I would only need to pay tuition, books, and transportation plus maybe a laptop or something. For Iowa I would have to pay all of it plus transportation (WITCC is maybe one to two hours away while IOWA is five hours away). 

Would you say a community college education is okay for business. I know it`s not good enough for music ed (which is obviously what I was going to go for before) - but when it comes to business I just don`t know.
CraigL

posts: 9051

Jan 07, 2009 9:24 PM ET    Quote  Report Abuse
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As a cynic when it comes to academia, I tend to think there are only two basic reasons people choose a college. The one they ought to choose is the level of sophistication in the actual education. But the one so many choose is what it`ll get them in terms of name recognition.

If you`re trying to impress someone, the question is who? On the other hand, if you`re trying to get the tools necessary to run a business, then choose the school you can best afford, that`ll give you those tools.

I don`t think you`ll need an MBA at the moment, so it seems to me that if the community college has some solid professors and offers a well-rounded foundation of business knowledge, that`s a fine choice.


-------------------------

Craig Landes
---
Defining the undefinable. "There are 10 kinds of people in the world---those who understand binary numbers and those who don`t." - Unknown

International Society of Curmudgeons
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