CHAPTER |
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Income streams |
5 |
This chapter is clearly quite key. It’s about how you will live as a songwriter or build your business as a music publisher. Remember these words forever: in any business cash flow is king. If you need any proof of this, look at the number of businesses that shut during the recession, and further, the number of business owners the banking sector failed to support that ran profitable businesses. Having a profitable business is only part of making your business successful. You have to make sure you have money in the bank; that it arrives when you expect it to. If you have a large debtor balance on paper and you look healthy and strong but in fact no one is paying you then your business is on a slippery slope downhill. ...
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