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After 20 years in the music industry, the speaker emphasizes the frustration of starting a record label on a limited budget. They have created a formula for success, applicable to artists, DIY musicians, and investors. This video is part of a 13-part series leading up to the release of a 60-day record label course. The goal is to help avoid mistakes that caused setbacks in the speaker's own career and propel viewers forward in building their record label.