Looking to Start in the Music Industry:
Mistakes You Should Avoid
According to leading experts, talent is not the only thing that will make you a success in the music industry. Yes, you need talent, that is your leg-in-the-door kind of a moment. However, to become a successful professional in the industry, you need a lot more.
With millions on the line, including fame, money, and lifestyle, everyone wants to become the next Jay-Z. However, for every successful artist that signs a multi-million-dollar deal, thousands wither away.
Just like any other business ecosystem, the music industry requires discipline, guidance, and the right kind of commitment. This includes the hardest work ethic.
In this article, we speak with Benjy Grinberg, a leading name in the music industry. As someone who has launched and worked with some of the biggest names in the world, we thought he would be the best person to share some great insights.
List of 5 Mistakes to avoid when Entering the Music Industry
Mistake 1 - Working with the Wrong Music Label
The executives at Music Labels and Record companies appear to be the sweetest individuals on the planet. The good ones maintain professionals and are always happy to give the artists their due. The bad ones do not have any other interest apart from exploiting the artist. This is why you need to be very careful when you are signing on the dotted lines with any music company.
Mistake 2 - Not Hiring a Financial Advisor at the Start
There is a lot that can go wrong when you suddenly come into contact with a whole lot of money. You want to buy everything that you always wanted- supercars, luxurious mansions, thoroughbred horses, and more! However, you need to work with a financial advisor who can help you save and invest your money in profitable ventures as well.
Mistake 3 - Thinking this will Last Forever
Musicians, actors, sportsmen, etc. have a short shelf life. This can get shorter if you are not taking care of your mental and physical health. It is essential to understand that you might not be able to keep performing or singing/dancing forever. This is why you need to save, invest and start other businesses that can help you sustain yourself for the rest of your life.
Mistake 4 - Partying Too Hard and Too Long
You should reward yourself and there is nothing wrong with that. However, you should also treat your body like the most important asset in the world for you. This means eating healthy, sleeping on time, exercising regularly, and trying to stay away from things that can endanger healthy living- drugs, smoking, drinking, and so on. This will improve your shelf-life.
Mistake 5 - Hanging out with the Wrong Group
Some people can help you stay motivated and become successful. Others just want to party with you as long as you are famous and rich. Make sure that when you are starting in the industry, you surround yourself with individuals and groups that motivate you to become a better version of yourself. This will help you remain positive and happy.
The Bottom Line
The music industry is not an easy place to be. It is incredibly tough, competitive, and strenuous. With people always looking to take advantage of your talent, you need to stay aware and conscious of what anyone says or does. By following the list of points mentioned in the article, you will be in a much better position to make the right decision. If you have any more questions you wanted to ask, let us know if you have any in the comments section below.
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