Why artists lose money funding their music career!

Discover the essential steps to stop losing money and start funding your music career effectively! In this video, we dive into why many artists struggle with the financial aspects of their careers, including the lack of a business plan, job, savings strategy, business credit, and a monthly spending plan. We'll guide you through creating a realistic business plan, the importance of having a job to fund your initial investments, saving strategies for your music, setting up a business for credit opportunities, and managing your label's operational expenses. Learn how to make your music career financially sustainable, why relying on a record label too early can hinder your independence, and the transformative power of planning for success. Whether you're aiming to run a million-dollar label or simply want to stop bleeding money, this video is your first step towards a more focused and financially savvy music career. 00:00 - Let’s talk 00:40 - No Business Plan 01:57 - No Job 03:05 - No Savings Plan 03:54 - No Business 04:53 - No Monthly Spending Plan 06:21 - “Make it make cents to me!” 06:47 - “But I could go to a record label for all of this!” 07:42 - “Do I need a business to complete the process?” 09:02 - If you Plan for Success 09:42 - If you Don’t Plan at All 10:04 - My Final Thoughts ↓↓↓↓↓↓↓↓↓ 60 DAY RECORD LABEL COURSE https://www.musicmoneymakeover.com/60-day-record-label-course ↓↓↓↓↓↓↓↓↓ BOOK A CALL https://www.musicmoneymakeover.com/bookacall ↓↓↓↓↓↓↓↓↓ FREE STUFF 10 Major Steps to Increase Your Record Label's Profits https://www.musicmoneymakeover.com/10-major-steps ↓↓↓↓↓↓↓↓↓ ALL COURSES https://www.musicmoneymakeover.com/courses - 60 Day Record Label™ PRO Course - 60 Day Record Label™ Essentials Course - Music Producer Contract Course - 360 Deal Contract Course BOOKS & PRODUCTS The 60-Day Record Label Executive Edition https://www.musicmoneymakeover.com/product-page/the-60-day-record-label-executive-edition-ebook-audiobook Grab the DISCOUNT Music Money Maximizer Bundle Here! https://bit.ly/MMMaximizerBundle Donate https://cash.app/$CaseyGMMM www.venmo.com/CaseyGMMM --------------------------------------------------------------- Follow Me and the Show TikTok: https://www.tiktok.com/@musicmoneymakeovershow LinkedIn: https://www.linkedin.com/in/casey-graham-04a63935/ Facebook: https://www.facebook.com/MusicMoneyMakeover/ Instagram: https://www.instagram.com/musicmoneymakeover/ Video Copyright © 2024 Music Money Makeover LLC (www.musicmoneymakeover.com) --------------------------------------------------------------- #MusicMoneyMakeover