As a self-employed musician, looking at your bank account isn’t the only indicator of how well your career is doing. It’s important to see yourself as a complete business. I learned about the importance of reflecting on your business each week from Dan Kennedy, in his book,
No BS Time Management for Entrepreneurs (affiliate link). Thank you in advance for all your support should you decide to purchase through my affiliate link.
Transparency is important to me, so I’ve decided to be as candid with you as I possibly can about my business, without compromising the privacy of any client, vendor, partner, sponsor, or organization that I have a relationship with. I invite you to give me your feedback below so that I can learn more about how to serve people better. Thank you in advance for taking the time to read this.
What I Know This Week That I Didn’t Know About:
This week, I learned that my business is really on a new path toward grow unlike ever before. The momentum I am experiencing is unlike any other momentum that I’ve experienced in my career. I feel overwhelmed AND nervous AND excited all at the same time.
Recently, I decided that I need to get my butt kicked to take my business to the next level. For years, I had a business coach and she was critical to my growth. Over time, I eventually outgrew her. I believe that the greatest sign of a good coach is that you outgrow them eventually. She really, really helped me to grow my business from a place of having no business in 2005 to my full-time job today.
As I strive to bring my income into the six figures and eventually develop my company into a multimillion dollar organization, I realized that it’s time for a new coaching. I chose a new coaching program to work with and am getting started on a brand new one-year plan to grow my business. As time goes on, I am going to update you on this plan.
My industry as a Whole
One of my client is trying to take his career to the next level as a hip-hop artist and is looking to book a week-long tour. He brought the idea to me and asked for my feedback. I applauded his efforts, but was skeptical to once extent because all the idea contained was booking shows and seeing how the audience responds in other states. While I think it’s good to make the effort to bring in more business, playing a s tour doesn’t lead to long-term cash flow stability. Many of my other friends & colleagues in the music business, think success lies in “getting themselves out there”, yet it hardly ever leads to long-term cash flow. You can get some people to buy your CD and talk about you on Facebook, but it’s not the foundation or a long-term cash plan.
I had the pleasure of connecting with one of my competitors this week. I am learning so much in fact I regard him as a teacher, mentor and friend….which is really not competition at all. However for the sake of this being a business article, he is my “competition” in theory.
My Clients as a Group
I learned that as my business is growing, strong and healthy relationships must stay a priority.
My Top 10 Clients
My top clients feel like family, however, boundaries still need to exist. Boundaries are a challenge for me and something that I am working towards in all aspects of my life. The key for me is to not think of them as something negative, but rather something that serves me and the people in my life.
I invite you to give me your feedback below and be sure to check out the book,
No BS Time Management for Entrepreneurs (affiliate link).