Monday, March 2, 2009

DON'T BE LEFT BEHIND DUE TO LACK OF INFORMATION.

I know you all must be wondering what a daycare center owner have to do with the music Industry businesss??? Well, the reason I chose to interview a business owner is because you may not think of yourself as a business owner, but if you're earning income as a self-employed musician, composer, producer, programmer, and so on, that's essentially what you are. Having a business not only gives you certain tax obligations, but it also opens you up to greater potential liabilities (that is, you're more likely to get sued). I believe a lot of Artist and musicians fail in this business due to lack of knowledge and not understanding the music industry on a business level. This is a Business and no different from any other business. An artist or musician and so on have to develop a marketing strategy just as any local Daycare center services would. An artist or musician, and so on have to promote themselves, just like an other business in a different industry. There are so many legal contracts that you will be asked to sign, and accountants, managers, deals and other business operations that you will come in contact with. Most importantly, you need to learn how to protect your right, music, lyrics, just to name a few. These are serious issues that can put you in a whole if you are not knowledgeable about this Music business. What I am trying to demonstrate is just because you have been born with a talent doesn't mean you don't have to work hard or cheat yourself by not learning the business. I have experienced seeing many artist sign deals that cheat them of their profits. Remember this is a business and no matter who you work with you should always remain professional and business orientated.

1 comment:

  1. FO2M, I agree, knowledge is power. With the right information, the sky is the limit. I like to pose a question about music, lyrics and the such. I am aware that writters/novelist use the LIBRARY OF CONGRESS (www.loc.gov) to copyright their work; but, what do musicians use? How can I copyright a song, I've written?

    Thanks in advance for the info.

    WinSoms

    ReplyDelete

You're Awesome! Thank you for your comment.