Band Business Plan

Band Business Plan-31
Follow them with the same passion as you followed your art, and you’ll be ahead of the game.

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Are you getting paid enough to pay your bills, save money, and have a vacation?Just because your company is profitable does not mean it can support you; if you want to be supported by your art, make sure your salary and life is figured into the business plan.As my own CEO, I am guilty of underpaying myself a lot.To be successful in business, any business, you need to be business savvy.If you want to be a working artist, you need to be as smart as any business person in a meeting, or at least smart enough to hire the smartest person in the room.Be able to calculate your expenses, know how much to sell to cover your costs, and make sure your mark-up is normal.Many artists follow the average value when selling a product, while some are delusional about the product’s value.This article was written by guest contributor Sean Kinney, an award-winning entertainer and filmmaker.His company 1 Stooge Entertainment offers creative consulting to companies and individuals looking to take their brand to the next level.] Most people hear terms like “the Film business” or “the Music business,” and they only focus on the first part.Start by writing down a mission statement that will remind you about the passion you want to share, and help others to align to your cause.Having a business plan in place will also help you to focus on your day-to-day operations and what you need to do to make money living that passion, and sustaining it.

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