Songs Used: Kontact – Blazing feat Stryvah
It doesn’t matter if your a rapper, singer, writer, music producer, musician; you are a business. Most creative people don’t like the business side and prefer to focus on the creative side. However knowing and handling the business side is important to your success. It is crucial that you become familiar with the music business and music law. Here are a few things you need to keep in mind when starting your business.
1. Do not put your friends and family on payroll. Make sure to hire people who are experienced and how what they are doing as their role in your business.
2. Do not invest your money, especially when starting off, into non-income producing assets such as cars and jewelry. Instead invest money back into your business with things that ultimately make you money.
3. Do not waste the majority of money on vices and things that do not benefit your business.