Pass the Bread
There is nothing like doing a gig and getting paid for it.
There is nothing like doing a CD and getting paid for it.
Musicians these days must be well versed on the business side of the music industry.
The business side of the music is a very complex system but if you start off understanding the basis, at least you’ll be able to get paid and tell the promoter to
Pass the Bread.
That’s right. Your must is intellectual property and you don’t want chump change for those nights that you spend trying to come up with a bridge for a song that’s real good.
You want to have mechanisms in place to collect when it’s time to get paid.
Everyone say “pass the bread”.
You need to keep track of your funky dividends. If you are planning on running your own music business, then you need to join a business development association and take accounting and managerial classes. You can buy music contracts off of the internet and have an attorney assist you to draw up agreements that fit unique situations so you don’t get cheated.
As musicians, we all want to get paid for doing what we enjoy but we must have the right business and accounting systems so that we can get paid. You work hard in your music so you can eat, sleep and spend those hours in the mountains at some cabin writing your songs.
Make sure that whatever you do, understand the business side of things so that you can eat and have a career.
Pass The Bread.
Thats the problem miusicians don’t want to take the time out to learn anything about the industry. They become afraid of that part of the business.
That’s what they have managers for. Musicians should concentrate on what they do best - making music. All the business side should be done by dull men in grey suits. So long as they have someone they can trust, all they need to know is how much money they are making.
I agree with Dan. It is always good to know the business side of music, but a good manager is what bands need. I have found that most musicians couldn’t care less about the business side as long as their music is out there. However, it is still a wise idea to learn as much as you can, even if you have the best manager in the world.