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Entries in band finances (4)

Wednesday
Mar142018

Band Relocation: How To Change Your Music Headquarters

If you have a band, chances are you’re going to have to chance practice spaces at least once during the act’s lifetime. When it does come time to move to a new space, there are several things you need to do to make that move successful. Here are four of the most important things to keep in mind when changing your band’s musical headquarters.

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Thursday
Feb082018

Why Budgeting Is So Important For Independent Artists

No matter what, one thing is for sure: If you can’t get your budget under control, your music career will be a huge waste of time and money.

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Monday
Jul032017

Creating A Band Agreement: What You Need To Know

This guest post by Canadian entertainment lawyer Byron Pascoe originally appeared on the Bandzoogle Blog

Being a musician is a business. If you’re in band, one of the most important elements of organizing your business, is having an effective band agreement.

Without agreement among the members of your band, whether verbal, written on a napkin (is that still done?), texted, or written by an entertainment lawyer (shameless plug), some key issues will need to be negotiated at a time when perhaps not everyone is acting reasonably. Or you may need to rely on the law, which may not provide appropriate solutions for your situation.

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Wednesday
Sep022015

How To Pre-Plan & Manage Your Band's Tour Finances

When indie music duo Pomplamoose went on 28-day tour in fall 2014, they sold just under $100,000 in tickets. With merchandise sales and a sponsorship from Lenovo, they pulled in a total of $135,983. However, after paying for publicity, payroll, production, hotels, food, travel, commissions, merchandise manufacturing, and other costs, total tour expenses added up to $147,802. Pomplamoose ended up putting $11,819 on credit cards to cover the cost of their own tour.

Fortunately, Pomplamoose was expecting a loss

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