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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:

My Business

I learned that my business is changing as I change. The more that I am willing and able to permanently change ways of thinking, skills, and habits, the more my business changes. I’ve noticed that cash flow has been better because I am in the habit of doing certain things better:

1. I go to the bank immediately when I get paid and deposit the money.
2. I have reduced my debt drastically. In fact, my business is about a month away from being debt free.
3. I think through purchase decisions more.

My Industry as a Whole

The music industry is on the verge of a big change. I’m not sure what it is, but it’s going to be a good change. Hints of this change can be seen little changes being made to revenue models different artists are experimenting with.

My Competition

I need to initiate ways to work better with my competition on projects. I regularly talk with my competitors about this, but need to take action on this. I have plans to take action on this this week at the 2012 Winter NAMM Show.

My Clients as a Group:

My clients really support me and it makes me feel good. I get excited at every opportunity I get to interact with a client.

My Top 10 Clients:

When you show clients your loyalty to them, they show it to you, sometimes in little ways. This week I was fortunate to get a very high paying gig from one of my top clients. He even drove to my home to give me the sheet music & CD. I am so grateful for my clients.

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).

As always, comments are welcome and encouraged. Cheers.
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About Mike Veny

Mike Veny has written 439 articles on this site..

Mike Veny is a professional drummer sponsored by Gretsch Drums, Bosphorus Cymbals, Toca Percussion, Gibraltar Hardware, Vic Firth Drum Sticks, Aquarian Drumheads, Gator Cases & a Member of the Board of Directors of the Fender® Music Foundation. He lives in New York City & has been happy playing drums since 1989. His current projects include recently playing drums on music for the Investigation Discovery Channel & performing with Sean 360x & the universoul spiRitual Ankhestra alongside Ramsey Jones of the Wu-Tang Clan family. Sean 360x is a MySpace chartopping artist & has been #1 on the ReverbNation Electronica/Dance charts for over 16 weeks. Mike also performs with Kim Oler, an Emmy Award winning composer for ABC’s All My Children, As the World Turns,The Tracey Ullman Show, and The Guiding Light.

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