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Entertainment & Events

Recording Studio

Record sound–and profits–with your own studio.

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Business At A Glance

Recording Studio

Startup Costs: $10,000 – $50,000
Online Operation? No

Business Overview

The investment required to start a soundrecording studio is gigantic. However, the profits that the businesscan potentially generate are even larger. Starting a sound recordingstudio is much easier than it was at one time, simply because of theadvancement in technology.

Many recording studios that specialize invoiceovers for radio advertising, CD recording and DVD recording areeven homebased operations. Any one who doesn’t have experience in therecording industry is well advised to stay clear of this particularbusiness opportunity’-unless the business is approached or establishedas a joint venture enterprise with a person or company that hasexperience in the industry, but lacks the financial backing or businessexperience to ensure the enterprise succeeds. A recording studio canpotentially exceed $100,000 per year in profit after wages, expensesand taxes.

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Entertainment & Events

Proposal Writer

Here’s a homebased business that may write you a big commission check.

Entrepreneur

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Business At A Glance

Proposal Writer

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Each year government agencies on the federal, state, and local levelsput thousands of RFPs (requests for proposals) out for bid. Theproposals can range from building government buildings to supplyingcomputer equipment for government offices, and just about anything inbetween. Though many of these proposals can be very lucrative for thecompany or individual that successfully bids for the contract, manysmall- to medium-sized contractors simply do not complete the proposaland bid forms.

The bidding process is extremely involved and usuallyrequires technical drawings, action plans and contingencyplans–business owners and management have neither the time norabilities to complete them. A proposal writer compiles and completesthe proposal documents on behalf of the contractor. It’s as simple asthat. Proposal writers charge fees based on the amount of time it willtake to complete the proposal, typically in the range of $30 to $40 perhour. Some proposal writers even charge a commission on the value ofthe contract should their client be awarded. Furthermore, most proposalwriters specialize in an area of expertise such as nonperishable goods,construction, services, maintenance or nonprofit. A proposal writermust have access to a wide range of research resources and in mostcases a technical writing ability.

Needed Equipment

Equipment required for the service is basic and only includes standard office and computer equipment.

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Entertainment & Events

Comedy Club

People can always use a laugh. Keep them smiling by giving comedians an outlet for their material.

Entrepreneur

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Business At A Glance

Comedy Club

Startup Costs: $10,000 – $50,000
Online Operation? No

Business Overview

Comedy clubs are a very popularentertainment venue, and there are a few approaches that can be takenin terms of starting a comedy club. The first and most costly option isto open a comedy club from a fixed location. The second and cheaperoption is to establish a mobile comedy troop and book performances forthe troop across the country for nightclub engagements, seminarperformances, weddings, universities, colleges, and many other specialoccasion events. Regardless of which approach is employed to establishthe business, comedy clubs and acts are extremely popular as more andmore people are seeking to reduce stress in their lives through humor.

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Entertainment & Events

Wedding Singer

Love to sing? Be the life of the party for a living.

Entrepreneur

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Business At A Glance

Wedding Singer

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Unlike the movie, many wedding singersactually do possess a great musical and singing talent, and starting awedding singer service may be just the new business opportunity thatyou have been searching for.

There are a few options available in termsof starting a wedding singer service. The first option is of course, ifyou have the talent, then you can be the wedding singer and market yourservices. The second option available is to start a wedding singerdirectory service or agency. The second option will be more costly toinitiate. However, it also has the possibility to generate higher salesand potential profits for the business, as you would be representingmultiple wedding singers and retaining a portion of their performancefee as your commission. Profit potential range is $20,000+ per year.

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