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The design is good so far, like you said its an early piece of work. I'm getting that this is a music style website/event from the decks, perhaps its a "whats all the buzz about" style site or event.
Apart from that I'm not sure what it is designed FOR. Explain it a bit better to me. Also my first thoughts may be wrong so if you explain in more detail I can make a better judgement on the designs relevance to the purpose.
What software did you use to create the design? Did you hand draw the first mockup or use a program?

It's an album and concert review site. The logo is serving 2 purposes. The "record player" is going to be used in the site's rating system like the stars are used on this site, and also as a logo to go on business cards. The logo is also being used as the new logo for the whole website. I was given 4 days for the business card and rating system logo so it's a bit tricky to come up with something highly detailed in that time. I have an extension on the website logo so that will come later. All of this was done in Photoshop.