2020 has been a terrible year for business, but it has also been a year for hanging on to hopes and dreams. While many businesses are closing, some are using the world-wide crisis to give them the kick in the backside they needed and pursue their dream careers.
The music business has been, and is a dream career for many people across the world, but many wonder if in looking past the glitz and glamour, is the industry the best fit for them? Benjy Grinberg Rostrum has been in the music industry for over 20 years and in his opinion here is what you need to know when determining if the music business is the right fit for you.
What aspect of the business do you want to be a part of?
The music industry varies in its employment opportunities. From musician, to singer, to manager or label executive, which ones for you? When considering if the music business is the right fit for you, it is important that you sit down and read up on every career the music business has to offer. Compare those careers to your own talents and match them up against any qualifications you already have. Some job titles in the industry include the following.
– Sound Technician
– A & R Coordinator
– Music therapist
– Music salesman
– Song writer
– Conductor et al.
Are you qualified to do the job?
In terms of qualifications being a factor in breaking into the industry, simply put you may or may not need qualifications depending on who is hiring you, or whether you go into business for yourself. In terms of qualifications, some educational skill sets that can help boost your career are the following.
– Bachelor of Music
– Production, theater or drama related degrees
– Bachelor of Business
– Bachelor of Fine Arts et al.
Having a qualification to back you up is great in all, but if you don’t have the personal drive and dedication for the industry, you won’t last long. Degrees are great, but they won’t count for much if you are not eating and breathing music 100% of the time. You have to love what you do!
Do you have enough contacts to get you off the ground?
Their is an age old allegory, it is not what you know; it’s who you know. Now this is fairly important in the world of the music industry. It can be a very cut throat and frankly a snobbish place. If you are new to the industry and have no contacts, you may find it hard to find your feet and make a name for yourself. It is important to not let that discourage you, but have it in the back of your mind that you need to try to build a network before diving into the industry headfirst. Find a mentor and let someone give you guidance through their valuable knowledge of the business.
What about set-up costs?
If you are just breaking into the industry, it is better to go in with someone already established. It costs over $10,000 to get a music studio off the ground. Make some contacts and convince them to part with some of their own money to help you get off the ground.
Are you passionate about music, or are you just looking to get rich quick?
Yes, it is true that musicians (once off the ground) make millions of dollars, as do their managers and such, but this does not happen overnight. It takes hard work, and the lottery of a number one hit to break the glass ceiling. Some people never make it big in the industry and effectively live off of minimum wage, whereas others get lucky with a chart topper and make into the millions of dollars. Benjy Grinberg Rostrum President, (Rostrum Records) estimates that it takes about 4 years to see a return on investment, depending on what area of the business you break into. Benjy is a great lover of music and encourages anyone who is willing to give the industry a shot, so long as they realize that it takes effort and they show as much dedication to the industry as he has.
The bottom line
If you’ve read this far, it means you have what it takes to get into the industry, you just need to take the plunge and hope for the best, most successful experience in the industry that we know you love, already.