Protect Your Success
In this section we are going to examine what, in my opinion, can go “right” and “wrong” financially with your studio. What are the financial pitfalls and how can you avoid them? What financial alternatives are available to overcome the ever-present problem of not enough time or money available to run your business properly? What are the financial tools that you should be aware of, and how can you use them on a daily basis to help you maintain the proper leadership and positive direction of your company?
Not long ago I was contacted by the owners of a well-known and respected recording studio and asked to provide them with financial and marketing consulting services. They could not meet their financial obligations, and ...