The Enterprising Musicians : An Entrepreneur Thinker

Your manager also helps you develop who you are as an artist; your personal image is being developed here. Do you begin to appear in public with other artists of the same level of success? Do you volunteer time and services for charitable purposes and do you begin to identify those charities whose interests you feel you can advance by your involvement? (Thall, 2006) This image will develop and change overtime due to the music industry environment and the people you become associated with along the way.

Sobel (2008), an entrepreneur is “someone who organizes, manages, and assumes the risks of a business or enterprise. An entrepreneur is an agent of change”. Sometimes becoming a successful entrepreneur is not about whether or not you have your M.B.A, it’s about your willingness to dedicate part of your life, money, and everything else to fulfilling your dreams. As Sobel’s definition includes the word “manages”, many entrepreneurs do have an advanced degree in some form of business to provide them with the knowledge to successfully manage their company. This provides them with the ability to handle their own payroll, accounts payable and receivable, and human resources. Entrepreneurs have many risks involved when beginning their company, such as: not succeeding, running out of money, or having to relocate. These risks were more common years ago when investors were not so easy to find and money was not so loosely handed out. Today’s entrepreneurs can usually fund themselves or have plenty of support from individual or group of investors. However, no matter the monetary support you have, an entrepreneur must make their company appeal to the public or their targeted group of customers. A successful entrepreneur cannot give up when things get tough, they have to accept what happened, provide a solution, and move

Within industry there is revolution. Innovation for development and a burning desire for further progression must be realized or risk of failure increases exponentially. Does consistent hard work not correlate with well earned success? Does perseverance parallel evolution? The music industry is not impervious to failure and its institutes must evolve to survive in an ever-changing world of technological advancements. These advancements are utilized and implemented industry wide, including via event promotion to solidify the future of music as a whole. Event marketing, albeit not a “modern term”, has proved vital to the music industry time and time again as it constantly evolves as the music industry business model is redefined. Event marketing and promotion has been defined and consistently redefined as use of technologies upturn.

Some dictionaries define an entrepreneur as “a person of very high aptitude who pioneers change, possessing characteristics found in only a very small fraction of the population,” and it originates from “entreprendre” in French which means “to undertake”(A Definition). Others define an entrepreneur as “a person who sets up a business or businesses, taking on financial risks in the hope of profit.”(Definition of Entrepreneur). I believe that it’s not only risk and money that makes an entrepreneur who they are, but it is also about the talent as well as the desire to want to change something in a positive way. I use this definition to decide who is a greater entrepreneur, Dr. Dre or George Washington?

Mankind has thrived off of the dependability of ideas and the application of them for centuries. Moreover, humans have sustained healthy lives through developments and inventions that have improved the world around them. From the earliest Mesopotamian creation of the wheel to Apple’s recent release of the iPhone 7, groundbreaking revelations have perpetuated and molded human survival in some aspect. Anyone can generate an idea, but rather, it is the ability to transform that idea into a development that is valued by many--which is what makes being an entrepreneur remarkable. Entrepreneurs are some of the keenest, most creative, and passionate people that walk the earth.

Well to me it depends on the mind-set of an individual, his/her innate abilities and capabilities. I myself broadly classify entrepreneurs into two types, The Inventors (those who with their discrete and genius intellect pioneer goods and services that never existed) and the Innovators (take existing idea and innovate it with their brilliance). It is the category that defines the set of skills, traits and characteristics suited to that entrepreneur. For example the first type of entrepreneurs i.e. Inventors are revolutionary blended with growth orientation. They want to revolutionize the market or industry and grow at some rate so that their product becomes a necessity e.g. Thomas Edison, While on the other hand

It is the process of designing, launching and running a new business, which is more often than not, initially a small business, offering a product, process, or service for sale or hire. It is outlined because the recognition of opportunities (needs wants, problems, and challenges) and the use or creation of resources to implement innovative concepts for brand-new thoughtfully planned ventures. Maybe this is often obvious; however, a businessperson could be a one who engages within the method of entrepreneurship (Pedraz, 2014).

A researcher says that music reinforces confidence and the ability to create and elaborate on new ideas. Being a musician comes with having the confidence to show this to, if not one person, many. Knowing this, musicians are no longer afraid to express their feelings or opinions in a larger crowd. In movies, there is always a large table with many business men sitting around discussing ideas on how to create a better business and the one that stands up, is the one that has the most confidence to do so. Music raises the overall confidence a person has to stand up and make a difference, leading to key business people. One business man will say that many years of practicing an instrument, drives the desire for perfection, creating key business ideas and plans that can change an entire business level as a

Ever long for the good ol’ days of music? If so, Postmodern Jukebox (PMJ) can take you back to whenever those glory days might have been. Imagined and created by Scott Bradlee, a trained jazz pianist, PMJ takes popular music from today or the recent past and remakes it in all kinds of vintage genres, from 30’s jazz, to Motown, to bluegrass hoedown. The group consists of around forty artists, many of whom are classically trained, that put out weekly videos featuring any various combination of them at a time. These videos are put up on their Youtube channel and regularly gain millions of views each. Because of their internet inception, PMJ has bypassed the existing music industry almost entirely, and, in spite of that, has been able to remain profitable through producing music. This is unique indeed, as even artists that sign on with major label companies are often left in the red. This paper will analyze PMJ’s method for achieving success outside of the traditional music industry, will look at how their music fits in the broader landscape of popular music, and will show that their approach to producing music is a good, reproducible model for other artists to follow.

Nothing is more enjoyable than listening to your favorite song. All over the world, people listen to music on a daily basis. Music plays a major part in a tremendous number of people’s lives. While they are enjoying the music, they do not think about how the song came about. Music is not just the sound you hear or the voices in the background. People do not think about what is behind the scenes of where music comes from. Before the song is completed, someone has to make it happen. In music, there are different careers which are the song writer, the manager, the marketing executive, and the produced. Each of these careers play a huge role in how music is brought to the public.

Bob Marley once said that, “one good thing about music, when it hits you, you feel no pain” (BrainyQoute). Music publishing is not only known to be one of the most beneficial areas of income for musicians, but also one of the most complex parts of the lucrative system that is music business. Music publishing is characterized as “the owning of songs themselves in the form of musical copyrights” (Wixen). But according to the Music Publishing Association of the U.K., the definition of a music publisher’s day to day job has evolved due to the introduction and settlement of social media and streaming apps. The introduction of music streaming entities has made access to songs faster and simpler than ever before, making the job of music publishing a more technological and socially impactful occupation.

I think today's musicians have the most freedom of any time in history. There are many different types of music being created in today's society. With social media, the internet, and modern technology providing several sources to acquire music and listen to music, no matter where you are in the world. The music industry no longer controls the artist and what they are creating. The public is the controlling factor in what is popular in today’s music world. The days of music industry treating musicians as servants in long gone.

I truly adore the significance of making music which works as an ecstasy since the day I have realized the value of it. The long term determination of keeping my dream goal alive which is to become a successful artist in the music industry and to influence other individuals with it can be strengthened by a quality

First, in the chapter six assessment we learned about managing small business startups. This “Do You Think Like an Entrepreneur?” assessment measures the likelihood of me becoming an entrepreneur. The self-assessment questions to some aspect of improvisation, which is a correlate of entrepreneurial intentions. Entrepreneurial improvisation consists of three elements such as creativity, ingenuity, and the ability to produce novel solutions under constrained conditions. Successful entrepreneurs also have the ability to work well under pressure while also having action, persistence, and the determination to achieve goals and solve problems in the moment. Based on my personality, I would have assumed that I would was not fit to be entrepreneur because although, I am always

So why entrepreneurship? The idea that could lead to making enough money where you could pile it to a skyscraper and still be taller. So why isn’t everyone an entrepreneur? That’s because it will take blood sweat and tears to make your idea a success. The success of an idea comes in all sorts of varieties. For example, Californian advertising executive Gary Dahl, was the first to create the ordinary grey stones bought at a supply store and convinced that they were alive – Pet Rocks. The marketing strategy was built around a fad that lasted only six months, yet he made millions and got out. Marketing is way to get your name out to others.