In this episode Fran Lover explains the importance of “Time Management”.
Subscribe to the #FranLoverShow or hit him up at franlover.com. Entrepreneur, super producer, businessman music industry professional Fran Lover shares his gems of wisdom East New York style.
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Do You Need A Business Plan?
A business plan is a necessary tool for anyone starting a business or anyone planning to make money with their music (selling music, performing, selling merchandise). It forces you to think about how to succeed, how to move forward, what that will cost, what obstacles you might hit and how to overcome them. It explains how you plan to run your business, how you will build it, and exactly when and how the income will come.
Not only does a business plan force you to think ahead but it’s also a tool that you will need in order to pitch investors and raise funding. It explains what the costs will be, how much you will contribute (often called “skin in the game”), who will help you (your team and advisors), and how the investor will get paid back along with a return on the investment. If you require staff, it outlines who you will hire and what positions are needed, along with the organizational structure of the company. More… https://wendyday.wordpress.com/2016/0…