Well, like the subject says, i'm thinking about opening my own studio in a couple years. I haven't decided location yet, or the exact schematics. But what do you guys think? Should i go for it? Should i take that venture?
Hey, not that I want to crush your dreams, but that is a HUGE undertaking! And if you don't know exactly what you're doing, and you don't hire one of those expensive consultants, the result might not be very good. A good studio is much more than just two rooms with gear - it's science! (Or acoustics, to be specific... ) Have you read some of the stuff in the "Studio Building and Display" forum over at www.homerecording.com/bbs? If not, do so, come back later, and tell me you're not intimidated by the acoustics nerdworld there!
Hm, I guess it's really hard to make money with a studio nowadays. Homerecording is getting better and cheaper, so the studio rates are going down, or you need really good facilities and the latest gear to justify higher rates. I'd start it as a private studio and expand later when you start getting jobs. Getting some partners might be a good idea too. Get as much info beforehand as you can, especially on the business side.
I was a recording engineer my last few years in the Army. I had over 1000 hours on ProTools, and had the same idea. I knew how much gear cost, and had more than a good idea on building and maintaining the rooms. Then I saw what other studios were charging for 8 hour blocks of time, and realized that there was no way for me to compete.
Yeah, you guys are all probably right. I mean, it definately wouldn't have ever been made even to become this huge commercialized studio, more one of those small private studios. But yeah, Oyterman and Pacman, you both bring up real good points. It's kinda dissapointing though.