Want to be your own boss? Tired of taking orders from someone that is stealing your ideas? Or you just want to have a voice in the big decisions? Well, it is easier said than done, but we have 3 rules you need to start up your own business.
Rule No. 1 BECOME A TRUE MASTER
Find a way to prove that you’re a true master at your subject, whether it’s by performing publicly, competing in tournaments, on websites, getting featured in the press, writing about your knowledge or showing it off in YouTube videos and Instagram pictures to make the entire civilized world recognize your expertise firsthand.
Find a subject you’re passionate about, and learn every single thing about it so you become an expert. It doesn’t matter if you love art, music, sports, finance, business, design, entertainment, food, and travel or even poetry — and it also doesn’t matter if your friends, family, and common sense all tell you there’s no money to be made from it. Follow your heart, work your butt off becoming a master at whatever it is that you love, and you will be rewarded financially as there’s tremendous value in expertise.
Rule No. 2 BUSINESS IS BUSINESS
For ANY business the process of running the can be complex and far less “sexy” than one may believe. Take the time to focus on the ends and outs of the business. Most people focus on the outcome as in how much money they will make vs what would it take to function on daily basis. Think about what type of credentials do you need, are you covered legally, what does your day to day operations intel; are just some of the questions you should ask yourself.
Even with the music industry, their is still a business that operates on daily basis. Though most people view the videos and lifestyle. This is what music industry A&R vet Tim Reliy had to say “From sorting out the ownership of a song and juggling publishing splits, royalty rates, unlicensed samples, and censorship issues, music supervision goes far beyond just creatively finding the right song for visual media. It’s a very lengthy process that has as much to do with budgets and clearances. “
Rule No. 3 IF YOU DON’T HAVE PLAN YOU DON’T HAVE ANYTHING
Devise a plan on how you will execute and succeeded at your goals. Would you walk in the desert without supplies? If you have any sanity the answer would be “No”. The plan should be written and reviewed on monthly at least. The plan should include weekly, monthly, and yearly goals that you want to achieve.
Even though the initial spirit of most deals or partnerships begins with good intentions, some people forget about the goals and begin to focus only on the deal, money, and commitments. The plan will help everyone stay on target.
Now go forth and BOSS UP!