Cashflow is a simple idea with simple ramifications – a business with more cash coming in then going out succeeds, one that doesn’t, fails. I’ll admit this is an oversimplification, but in the case of a You, Inc. business like yours, it doesn’t get more complex than this. If you want to continue to eat and pursue your career, you must generate cashflow to pay your bills.
And because I lived this problem and made the wrong decisions, I’m starting a series on cashflow for musicians specifically focused on non-music related income. Why non-music related? Because:
- I was too stubborn to look outside of music and I don’t want you to follow those footsteps
- Everything I write and link to at Why I Failed is already focused on music and
- If and when you need to make “extra” money, there are FAR more opportunities outside of music than within.
So, from time to time in the coming weeks and months, be on the lookout for posts about creating cashflow. I’ll talk about teaching, non-musical-music realted jobs, mulit-level marketing, and a slew of other ideas for you to consider. In the mean time, keep working on music related cashflow too. Because the best non-music cashflow concept is to not have a need for any at all.
