Thursday, November 21, 2013

How to make it in the music industry

DISCLAIMER:  I have NOT made it in the music industry, but I've never tried either.  I am giving general business advice that I hope can help you succeed in your journey to stardom.  If you don't like to read, good luck on being successful.

I usually blog when I am inspired by an event in my life.  Today I came across a "rapper" in Los Angeles and I really hope he finds this blog.  The moment he found out that I'm a film producer he said, "Yo dawg, wassup wit a free video tho?"  (SILENCE FOLLOWS)

I smiled and told him that he should consider learning the business of music first.  His response, "See!  Ya'll Mafuggas all the same!"  (SILENCE FOLLOWS)

This time I smiled, thanked him for his time, and then I walked away.

Most of the people that I personally know that are into music have not even done a few critical steps to ensure their success.  Knowing how to make music is something that an eight year old can do these days.  There is much more to the business of music than just making the music.  If I were a band member, a rapper, a musician, etc., and I came across this little list that you see below I would use it as a check-list to see if I was on the right track.  We all have room for improvement; some of us have much more room than others.

1.  Do you have a music teacher, coach, or mentor?  Or, are you just that good that you don't need one? (Beyonce takes voice lessons...FYI)
     a.  Take the critiques of people that know what they're talking about very seriously and try to make the adjustments that they suggest.  Who cares how you FEEL, just do it.  You might actually learn a lot about yourself and your technique.

2.  Do people in your local area LOVE your music?  Are you selling out local venues? Are people buying your merchandise?  How many shows per month do you book?
     a.  A record label will not take a chance to DEVELOP, PROMOTE, and MARKET someone if they don't see that music lovers are not already supporting them.  You wanna be indie? Ok, cool.  See step #3.

3.  Do you know what these terms actually mean when it comes to the music industry: Marketing, Development, Promotions, Distribution, Publishing, Licensing, and Copyright Protection? (Look them up and do some research on how the big companies or successful indie artists do it.)
     a.  Do you own BOOKS that cover those subjects?  Do you read about those subjects daily?  Are you obsessed with learning about the music business?

4.  Have you ever talked to an entertainment law attorney?  Do have an entertainment law attorney?  Do you know any music managers that are currently working in the industry?  If so, what degree of success have they achieved?
     a.  You are not a lawyer (most likely).  You do not think the way an entertainment law attorney would think (most likely).  You are not a music manger (most likely).  You do not think like a music manger (most likely).  Get help from those people.

5.  Do you have phenomenal talent? Are your fans left in awe every time you perform?  If the CEO of Capital Records heard you right now, would that person be impressed?
    a.  You can't be good.  You can't be great.  You MUST be PHENOMENAL! Your music must be remarkable; REMARK-ABLE.  Do people remark about your music positively?  Don't give people a reason to deny you. There are a lot of people on "American Idol" that have been lied to by their family and friends.

6.  Do you have an EPK?  Does your EPK sound and look like the professionals?  Do you know what a good EPK looks like? (Look it up) Does your social media look like some of your favorite artist's sites?  Are your social media marketing sites updated regularly, and with the correct information?  Is the content interesting and professional?
     a.  Don't use your professional artist site as a personal space.  Run your social media like a business would run their sites.  You are here to make money; are your posts generating income?  If not; why not?  Do you have a marketing and branding campaign that you stick with?

7.  Are you highly motivated, dedicated, and willing to work harder than the next person?
   a.  There is no cavalry coming to save you!  Do you wake up before your competition?  Do you sleep after your competition?  Do you work harder than your competition?  I'm not trying to say burn yourself out.  I'm only making the point that you really have to WANT this.  Are you using your time effectively?  Be the honest broker and ask yourself at the end of each day, "If I was the CEO of my company, based on my performance today, would I hire myself again tomorrow?"

8.  Do you follow-up after meeting new people?  Are you networking with the proper people?  Are you networking correctly?

DISCLAIMER:  I have NOT made it in the music industry, but I've never tried either.  I am giving general business advice that I hope can help you succeed in your journey to stardom.

Very Respectfully,

George Ohan
@georgeohan on Instagram






































Wednesday, November 13, 2013

How do I start a new business - Entrepreneur

WARNING: This Blog will be informational and a little bit entertaining. 

So, let's go over the checklist:

1. Business Name
2. Awesome logo design
3. Business Card
4. Facebook "Like" page or Twitter account

Ok, you're DONE!  You, my friend, are an ENTREPRENEUR!!!!

NOT!!!!!!!!!

Why on Earth do people think by simply completing the four steps above that makes them a business owner / entrepreneur?  I really do not understand this madness.

Owning a business or becoming an entrepreneur is: a huge responsibility, a lot of research, hard work, persistence, creativity, positivity, leadership, initiative, and innovation.  If this does not describe you, please reconsider going into business.  This blog is not about discouraging anyone from pursuing their dreams of entrepreneurship.  This blog should be a wake-up call to those that have never considered some of the things I'll mention below.

Let's talk about a little word called PASSION...

 The reason I am writing this blog is because I had a meeting with a person (an idiot) today that had a decent idea, but he did not have any plan or research of how he would introduce his company to the market.  However, he DID have steps 1-4 at the top of this blog covered completely.  As I tried to give him any sort of business advice this man rejected 90% of anything that I told him with an excuse of why he didn't do that, or why my idea wouldn't work.  It's ok, it was my fault for taking the meeting.  I knew better than to waste my time just by reading his unprofessional email with grammatical errors.  I took the meeting because I appreciated the fact that the guy had enough sense to seek me out, he had a cool idea, and seemed PASSIONATE.  Big mistake!  Today I learned to not care about how passionate the person is if they don't have the hard work and understanding of their business to back up their passion.


I don't care if you're passionate about something, venture capitalist don't care that your passionate about something, and your invisible customers darn sure don't care if you're passionate about something IF 
you have not done the proper work to turn that passion into a feasible and attainable objective. 

"The world is not short of ideas, the world is short of execution." - Professor George Abe, UCLA Anderson School of Management

There are MANY steps to cover before going into business; listed below are a few things to consider and a good starting list to gather your information.

(Think Strategically) *NOTE* Strategy should be innovative, not imitative, to create a sustainable competitive advantage.  You should write or type out your answers; don't just answer it in your head.  If you don't know what something means, look it up.

1. What is the opportunity for this business?
2. Can I create a business concept to exploit that opportunity?
3. What resources do I need to exploit and take advantage of the opportunity?
4. How do I assemble and manage the operation?
5. How do I exit the operation?
6. Do we have a Mission Statement?
7. Why do we exist?
8. What is the pain that our customer has?
9. What are we trying to accomplish?
10. What is the purpose of this company?
11. What is the fatal flaw that can take you out instantly?
12. Why would anyone partner with me?
13. What business are you in, really?
14. What are we really good at?
15. What does the market place look like?
16. Who are our customers?
17. What important benefits do we provide to our customers?
18. Are these benefits sustainable? 
19. Where can this business be in 3-5 years?
20. Do I know how to read a lease properly?
21. What are the proper business licensees and permits required?
22. What are my threats, opportunities, weakness, and strengths?
23. What is the law of diffusion and innovation?
24. How can I define market segmentation?
25. What is my niche?
26. Have I completed a marketing mix?

This list can go on and on...... However, I will choose to stop here.  I hope that this will enlighten and encourage some people to really step their knowledge up.  This takes some time, intense focus, and a lot of dedication.  Don't give up!  Just know that every time you answer one of these questions you're giving yourself more of a chance to survive in the world of business.  If you're not willing to do it, it's ok because your competition is.

Entrepreneurship is a team sport.  Surround yourself with people that are much smarter than you are.

Thank you in advance for taking the time to educate yourself by reading this blog.  Please feel free to share this blog with anyone that you think can use the information too
.

Very Respectfully,

George Ohan

www.signaturexavier.com
@georgeohan - Instagram 
@LAfilmOhan - Twitter
www.youtube.com/ohangeorge 



UCLA, Anderson School of Management, Entrepreneurship (2012)
The Los Angeles Film School, Entertainment Business (2013)