Musician Business Plan

Are you getting paid enough to pay your bills, save money, and have a vacation?Just because your company is profitable does not mean it can support you; if you want to be supported by your art, make sure your salary and life is figured into the business plan.

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The most successful artists have their most successful ventures after they have worked out the business of their art, and put everything in place before their next opportunity.

Unfortunately, most starting or “indie” artists try to make a push with only their art, and the business part can be a crushing blow, causing them to feel burned out.

Here are ten tips to help you handle your business properly.

Follow them with the same passion as you followed your art, and you’ll be ahead of the game.

If this is going to be your job, you need to pay for life as well.

Factor in your day-to-day living expenses and savings so you know how much it will cost to be profitable from your business.

Having a business plan in place will also help you to focus on your day-to-day operations and what you need to do to make money living that passion, and sustaining it.

Be able to calculate your expenses, know how much to sell to cover your costs, and make sure your mark-up is normal.

Many artists follow the average value when selling a product, while some are delusional about the product’s value.

Others, especially road musicians and comics, start to take what they can get for a multiple item sale after a show.