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Prototype developement:

  • Label inbox/filters and artist view under work
  • New requirements for the prototype received from record label(advanced filters)
  • Continue on programming

Business:

  • Financial report done
  • Market research sent to test subjects
  • Financial plan done 
  • Visited Record Label Company

  • Visited in record label company
  • Gained information of medium size record label, specially about the filter
  • Seems to be that our service might not have much value for medium sized record label company
    • Medium sized record label companys receive only 1-2 demo/day.

Risks: List here the risks                       |  

  • Not enough demand for the service?(not enought big record companys)Record labels not intrested to pay
  • Overflow of users for the service
  • Lack of tehcnical skills
  •   

 Contingency plan: Actions to decrease the risk here

  • Succesfull marketing
  • Monitoring applications usage
  • In case of techical problem, research 

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  • Continuing implementation of the prototype
  • Visit in record labels
  • Market research by email/interviews
  • Analyzing market research
  • Testing application