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After 20 years in the music industry, the speaker realized that starting a record label on a limited budget can be frustrating. They have created a formula for artists, DIY artists, or investors to successfully start their own record labels. This video is part of a 13-part series leading up to the release of a 60-day record label course. The series aims to help viewers avoid common mistakes and setbacks in the industry, providing guidance for building a record label on a limited budget. Stick with the series to propel your record label forward.