A good plan wins no matter what happens
You don’t need a formal business plan. But you do need a plan. So make two simultaneous plans.
Make one plan that depends on nobody else. No record deal. No investors. No lucky break. Your profits may be small but sustainable. Grow your audience. Develop your skills. Build your reputation. You can happily continue this way indefinitely.
Make another plan that uses the music industry. Build your team. Pursue a record deal. Find investors. Increase your odds of a lucky break.
Pursue these two plans simultaneously.
Then if a deal is offered to you, you can take it or leave it. It gives you great power in negotiation. You become a better investment when you don’t need their money. It shows that you’ll be successful whether they’re involved or not.
If you’re prepared for either path, then your plan wins no matter what happens.
Tienes razón, hoy en día es necesario tener una buena planeación de lo que se quiere lograr para no vender nuestra creatividad al precio que otras personas sugieren, sino al precio que nosotros consideramos adecuado.
That is what I am doing with my stuff. I hope you right, Derek...
Hey thanks for the proof that Denver is where the human tests happen. Your quick wit is amazing to read. Inspiring execution.
Nice post.
Common sense to me, but nice post, because there are new babies being born every minute who do not know this.
Never ever did I come up with the idea to make two plans! it was if this is to happen, or if that is to happen, but now I see there is a basis groundfloor plan and a bigger plan..