This week we delve into part 1 - Tips on Writing a Successful Business plan for your music career. Over the next few weeks, we will be sharing a step by step guide on writing a business plan dedicated to artists, musicians, and bands for all the creativity needed to sustain a career in music, having a business plan is one way to stay properly grounded, and define your goals and objectives on paper.
Many artists struggle with art versus commerce. Artists need time to make music and formalize their visions but also need to eat and pay the rent.
Artists who become famous when they are young often must learn business skills as they go along the path, usually learning the price of ignorance by being ripped off down the line – but this is a necessary evil and one you will learn as time goes by.
For those of us on the ground level, having a plan can mean the difference between being able to make a living as a musician. But the most important suggestion from me, take it one step at a time! This kind of work can be really overwhelming for creatives.
So, let’s take a look and prepare a killer business plan!
How to start and where to begin There are lots of resources online — including articles, courses — to help write a business plan. But where on earth do you begin? A good place to start is to define what a business plan is and why you need this document.
A business plan is an outline of your short, medium- and long-term goals, the practical methods you will take to achieve them, and the resources that you have and will definitely need. The plan will help you take your goals from just ideas to real concrete actions.
There are many reasons to have a business plan, not the least of which is the basic idea that planning always helps. When you go to the supermarket, you go with your list. When you drive from Kent to Scotland, you plan your route accordingly. Having a business plan will give you clarity, focus, and a sense of forwarding motion in your music career by identifying realistic, achievable, and action-based short-term goals.
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