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In this video tutorial, the speaker discusses the challenges of starting a record label on a limited budget. They share their own experiences and how they have learned from their mistakes to create a formula for success. The video is part of a 13-part series leading up to the release of a 60-day record label course. The speaker aims to help artists, DIY musicians, and investors navigate the music industry and avoid setbacks by providing valuable insights and guidance. Stick around for the upcoming videos to learn how to build and grow your record label effectively.