Regarding an inexpensive but effective Home Recording Studio, the first thing to do is to carefully go over your budget, because once you get going it will be the little bits and pieces that can nickel and dime you to death. Know how much you can safely spend without putting yourself into financial jeopardy. So many people talk about getting Financial Backers but that isn’t always the best answer since they will often want the lion’s share of any rewards plus interest until the debt is paid back in full.
Backers are also very impatient about repayment and don’t want to hear excuses as to why you had to pay your Rent before you pay them! When it comes to Bank loans, the Banks usually look at the Music Business as if it were smoke, something that you can see but cannot touch or hold in your hands. They are very practical and cautious when it comes to giving out money for the Music Industry despite the incredible amount of money that is generated every year from it.