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Finally, any kind of prior experience with broadcast radio will be helpful as you begin your own station.The costs involved with starting a radio station depend greatly on the type of station you want.
Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.
Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.
Many radio stations choose to specialize in a specific kind of format, such as music.
The revenue model for radio stations depends on making money via advertisements, so it is important to cater your programming to the specific demographic you are trying to appeal to.
The cost to set up an on-air control room (including all equipment and labor) is appropriately $164,000, and the cost of a production control room (including audio console and editing system) is approximately $105,000.
Finally, the cost for a news control room is approximately ,000.
Try it for free Establishing a legal business entity such as an LLC prevents you from being personally liable if your radio station is sued.
Consider using a registered agent service to help protect your privacy and stay compliant.
Because being a radio station owner and manager means being a jack of all trades, experience in any of its key fields can help you be successful.
For instance, experience in advertising will help you craft customer advertisements for clients, while experience in sales can help you find the best clients and help your team deliver the best pitches.