I'm starting a record label, Zruckc Records. I'm not expecting it to get much further than my state, but it'll distribute my CDs and some electronica stuff by some of my friends.
Anyway. I'm a bit of a business novice... anyone have any advice for me?
My advice:
1. Don't expect to make any money.
2. Have fun!
..or..
Starting a "real" record label involves a lot of legitimate, hard work (it's hard enough having a non-real label). You'll need lots of legal advice / knowledge, a load of capital (an initial investment of money to get you off the ground), and good song material available to legally distribute. You'll need a method of producing the music (already done in your case), CD duplication services, graphic design and artwork printing, and a deal with a distributor if you want to put your CDs in stores (if you choose the CD route). Also, people are going to have to actually want to buy your CDs if you want to make it a real business. Otherwise, just make it a hobby thing, and distribute your stuff for fun.
Good luck!
Benj