You should understand the business structure of the studio to achieve your business goals.
You may start with low cost consuming business and earn more budget and then spend it on any other business.
You must build contacts in the media industry and other media related business.
It is important to write a good business plan for a production company before setting up the recording or production studio.
Firstly, you need to finalize the services you are going to provide along with the vision of the music production business.