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After 20 years in the music industry, the speaker realizes that starting a record label on a limited budget can be frustrating. They have created a formula to help artists, DIY musicians, and investors start successful record labels. The video is part of a 13-part series leading up to the release of a 60-day record label course. The series aims to guide viewers in building their record labels and avoid common mistakes that caused setbacks in the speaker's career. Stick around for more helpful tips throughout the winter.