GEZZE... what the hell are you thinking???
 
That there is some simple easy way to become a sucessful record label?
 
Most of the existing independent ones will fail within the next 3 years
and even the 'big boys' are having a tough time...

How do you think you can sell thousands and thousands of CDs
or even downloadable songs - by bands no one has heard of...
and bands who aren't constantly touring?

A small indie band that tours all the time might manage to sell 5,000 CDs
but most of that will be at the gig's merch table and thus you won't get
a cut.   The odds that a band will even sell that many CDs is slim.
 
And now no one is really buying CDs anymore... it is all ITunes and the like.
I spoke with a pretty good musician who told me his band had over 35,000
song downloads and each person in the band made all of 20 bucks.

So even if people LIKE a song, they do not pay for it anymore !

But Hey!   If you have a lot of money already - and aren't bothered
by loosing money - then sure go out and form your own indie record label.
 
and after that, why not become a Movie Director too !