on May 31st, 2008The Secret To A Successful Record Label
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The reason most businesses fail isn’t because business is risky. It’s because many business people do risky and stupid things. Business isn’t that risky folks. Let me say that again. Business isn’t that risky. Of course, that phrase should always go along with fine print that says, “…if you plan well.” And that’s a big if that most people who go into business ignore at their peril. And a record label is a business. Now, many people I’ve met who are involved with a record label in some way haven’t fully realized that a record label is a business and they wonder why they aren’t making it.
Doesn’t it seem like everyone today has their own record label? Record labels today litter the landscape like cat turds in a kitty box. If I got a nickel for every guy who told me he was part of or thinking of becoming part of a record label, I’d be pretty damn rich by now. Thing is, in my experience, usually a record label just consists of a few guys with a loud, crappy MySpace and some recording gear who yearn to be taken seriously, but who are usually doing little more than just screwing around.
And they don’t know it. They think they’re not screwing around. In fact, in their minds, they’re 100% convinced that they should be taken seriously. But in reality, they’re just screwing around. I know that sounds harsh. But the uncomfortable truth is that many people who think they’re running a real record label need to open their eyes and see how badly they’re shooting themselves in the foot through the downright silly and sometimes stupid decisions they make.
A record label is no different from any other business in that regard. When it comes to sound decision making there is one crucial area that usually spells death for most music ventures. It’s the main reason why most record labels either never get off the ground or run out of steam. It’s called leadership.
The way most record labels start out is that a few people will get together because one person sings well, the other produces and the other is good with numbers or knows management or something like that. They realize that if they put their talents together they can create a business that produces and sells music. In the beginning everyone is super excited about all the possibilities and they all think they’re the hottest new thing out and they’re going to take over the world. I actually saw that on one band’s MySpace. They said they’re “Taking over the world,” like the Dark Overlord or something. But then the rubber meets the road. They actually have to take action and do the numerous daily chores that the business requires to succeed. The real world hits them like a fist. Continue Reading »














