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Navigating the Music Business: Key Considerations

"It's a tough business, it's a cutthroat business, and it's a business based on fear."

Understanding the Landscape

• Uncertainty in Success:
  • No one knows for certain what's going to be a hit.
  • Things can come out of the blue, genres change, and tastes evolve.
  • What is great one minute may be forgotten the next.

Building Your Team

For me, it's essential to focus on:

• The People You Want:
  • What skills do they need to possess to help you reach your goals?
  • Knowing your destination is critical.

Choosing the Right Manager

• If you're looking for a manager:

  • Are they experienced with major pop stars who do covers, or are they aligned with your artistic vision?
  • For example, if you're aiming for a "Radiohead" style, a manager focused on children's TV may not be the best fit.

• Communicate Your Vision:

  • Clearly express your goals to potential managers.

  • If fame is your primary goal and the person can deliver, that may work for you.

  • However, if you are looking for long-term growth, consider your strengths:

    • Business Acumen:
      • If you're not great at the business side, seek a skilled business manager.
      • You may also need a good accountant or lawyer.

Building Relationships with Industry Professionals

• Essential team members include:

  • Accountant
  • Lawyer
  • Manager
  • A&R Representative

• Evaluate Professionalism:

  • If someone entices you with free tickets, parties, and perks, ask yourself:
    • "Is this how I want to be managed?"
    • "Is this what I truly need?"

• Assess Their Contribution:

  • Look for tangible results in what they can offer.
  • "I will do this for you," should be followed by evidence of their success.

Be Cautious with Offers

• If one person offers you a deal:
  • Remember, there will be many others willing to do the same.
  • Take your time: Never settle for the first offer.