It’s important for musicians to develop their entrepreneurial skills because – let’s face it – the music they make can be viewed as a business.
Without a doubt, if you don’t have the money, then it’s hard to survive or even make the music you like, isn’t it?
That said, here are 4 tips from music industry entrepreneurs that can help musicians with their business:
#1: Improvise, readjust and be flexible
The most successful entrepreneurs don’t keep plans rigid – they improvise, readjust and are as flexible as possible considering how things change with each passing day. As Bruce Lee said: be like water. It works here too!
#2: You should be listening to your customers, and not your critics
The wisest thing that musicians should do is listen to their customers and not their critics. Your efforts are best invested in something that you enjoy. Yet most of all, don’t outsource any work not unless you know what the tasks entails from start to completion.
#3: Keep track of the bottom line, and network constantly
Know that making it happen in the music business involves dealing with a lot of challenges but being a lot of fun if you know what you are doing. All you have to do is gather the resources as well as connections for it to happen.
#4: Follow your own path, and not others
It’s best to keep track of your competition. However, it’s best stay true to your own calling while also determining how best it can delivered so as to fit the market. Just remember that success can be achieved in a number of ways – so stay open in that sense too.