Starting in 2005, City Dump Records was founded by Johnathan “Icon” Howe. It began as a record label for himself and other aspiring hip hop artist to have an outlet to record, mix, and master their own music. It was a close-knit group of individuals pushing to create a hip-hop culture within Indianapolis, Indiana. While Icon’s dream of being a successful recording artist was the original dream, he understood that it may not be as feasible and that he needed a Plan B. He knew he needed something to fall back on. He also knew that it was going to be something relative to the music industry. Buy understanding the forecast analysis below, Icon was able to predict the need for a safe, consistent, and professional place to record music and master their craft.
With the starting investment of $600,000, he was expecting a slow start with a boom in sales in the later years. After the initial investment, the very first saw a sales revenue of $195,000. The sales revenue would increase another 15% every year for the next 4 years. At this rate we can determine the forecast for the next 4 years.
