Will Cotton
Ray Rahman
June 21, 2012 AT 03:44 PM EDT

The California Gurl is growing up.

In a recent interview with The Hollywood Reporter, 27-year-old Katy Perry revealed her plans to start her own record label. Her new enterprise doesn’t have a name yet, but “I’m preparing for it now,” she assured THR.

“And when this record label does come to fruition, I’m going to try and avoid the things that take away any fighting chance for an artist to have financial success,” Perry said. “As people are coming to me with opportunities, I’m thinking, ‘How would I want to be treated?'”

It’s unclear where her imprint will live, but it’ll likely be at EMI, where Perry is currently signed (with Capitol Records). As one EMI executive told THR, “Katy is one of our crown jewels.”

The “Wide Awake” singer also highlighted other ways she’s taken charge of her career. For instance, she spent $2 million of her own money to make the upcoming 3-D concert doc Katy Perry: Part of Me (out July 5) happen. “My frugal business manager, God bless him, was sweating,” Perry said. “And I was like, ‘Please trust me.’ That’s kind of been the mantra I’ve said to everyone my whole life: ‘Trust me, I have a vision.'”

You can check out the rest of the lengthy interview over at THR.

Read more:

Katy Perry smacks Prince Charming (a.k.a. Russell Brand) in ‘Wide Awake’ video — WATCH

Russell Brand talks Katy Perry split on ‘Ellen’

‘Katy Perry: Part of Me’ trailer: Baby, she’s a firework…in 3-D! — VIDEO

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