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Competencies Of A Manager

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A very important person on your successful team is your manager. Finding a good, responsible and reputable manager is not an easy task. If you don't already have a manager, you may not need one. Experience proves, however, that you can only go so far without one. But how do you obtain a manager if you don't already have one?



That's a tricky one. While I have a huge list in my book, The Indie Guide To Music, Marketing and Money, you also need to get references. Once you obtain a list of managers you want to talk to, that are also interested in having a meeting with you, and here is a partial list of questions you should ask a manager to find out if they will be a good fit for your musical career.

?What style of music do you represent?

?How big do you think for your clients?

?Do you consider and pursue corporate sponsorships, etc.?

?What territory do you cover?

?How are you paid - what is your percentage rate?

Before you can even question a manager, you'll probably have to send them a press kit in order to get your first appointment. As always, be sure to contact them prior to sending out packets. Most unsolicited press kits either end up coming back unopened or are simply thrown away.

If you find that you decide you want specific recommendations for management, contact major record labels and ask the staff who they use. That will help you determine who you should contact for management. At least then you will be dealing with a manager who already has a working relationship with a major label and who can hopefully get you a contract. Most managers, however, who are associated with major-labels, will not accept submissions from anyone other than the record labels themselves or high profile industry contacts.

That doesn't mean you shouldn't or can't contact the managers the major labels recommended and pitch your music anyway. Someone may say yes! Most managers will take a percentage rate of any venues or money they are involved in bringing in for you and your band. When selecting a manager make sure your contract is very explicit on this point. You should never pay your manager for income you receive that you developed on your own. Make sure you are not locked into a contract that will compensate them for money or gigs they had nothing to do with negotiating for you.

Steer clear of anyone who asks for money up front or states that they want a percentage of any and all money you earn. I have spoken with some of the largest mangers and management firms in the industry who stated this clearly is not reputable or ethical behavior for a manager. There are no legitimate managers who ask for any money up front, or a monthly retainer/salary. If they do, chances are they are trying to start up their own business and don't have the level of experience you need to succeed.

Asking for money up front is also a way of stating they do not believe in you enough to take a risk. Why would you want to work with anyone who does not believe in you? And, why should they work for you if they are already getting paid, whether or not they get work for you? The main point is managers only make their money if they make you money. That should be motivation enough for a manager.

Once your package is submitted to a manager, give them a few weeks to review it before following up. When you do your own personal follow-up, make sure you ask them what they thought of your press kit. Ask them if they've listened to your CD. Your follow-up can also provide an excellent opportunity for constructive criticism on how you can make the improvements your press kit or CD.

If both parties (you and they) decide you would like to work with each other, you'll need to sign a contract. It is essential that you get a lawyer involved at this point. You should never sign any contract until you let an entertainment attorney who has the expertise you need advise you.

The same rules apply to booking agencies, as do managers. Never sign a contract until you have had your lawyer look it over and examine it for any hidden clauses. Once I was given a contract that actually stated the booking agent would receive 5% on any and all money I earned, in addition to the 15% that the booking agent would receive for any venues they procured for me. That meant 5% of anything I earned, even if it had nothing to do with music would go to them. Protect yourself. Read your contract even before you hand it off to your attorney for review.

Finally, never sign an exclusive contract. If you sign an exclusive contract, you will not be able to accept any gigs from outside firms. It also means you will not be allowed to follow through on any gigs that you negotiated yourself or already had in place as standing gigs. If you sign an exclusive booking contract you could also wind up with a booking agent who may not even negotiate any work for you and your band. Then you're stuck.

There are only a few major booking agencies that will require you to sign an exclusive contract. One is the William Morris Agency. Their names will speak for themselves. You can rest assured that if you sign with on of these agencies your chances are very high for getting work. If an unknown booking agency requires you to sign an exclusive contract, just say NO!
Competencies Of A Manager
Many people in this day and age are concerned about theprospect of a recession in the not distant future.  If that is the case, you may be wonderingwhat are some of the predictors of a recession. Through this article you are provided a brief overview of some of  the predictors of a .  By coming to a basic understanding of thisinformation you will be in a better position to understand whether or not arecession is in the offing.

 

At the outset it is important to keep in mind that not oneof the predictors of a recession is anything close to be totally reliable.  In the end, even using these more widelyrecognized predictors of a recession as indicators, the fact is that even themost experienced and educated experts in the field can be 100% certain if arecession actually will occur.

 

In many cases, a stock market drop of a significant amount -of at least 10% of the overall value of the market - is considered by by manyto be one of the more reliable predictors of a recession.  However, with that noted, about half of thedrops in the stock market of 10% or more since the end of the Second World Warhave not been followed by a recession.

 

Other experts tend to rely on a three month change upward inthe unemployment rate and the filing of initial jobless claims as one of themore reliable predictors of a . However, there are anumber of instances in which there have been some pretty significant increasesin the filing of jobless claims during a particular quarter since World War IIthat have not been followed by a recession.

 

In this day and age, many experts rely on the Index ofLeading Economic Indicators when it comes to predictors of a recession.  This Index includes a number of differentfactors - including inflation, unemployment rates, consumer spending and soforth in order to make at least a basic determination pertaining to the stateof the economy as a whole.

 

Interestingly, when considering predictors of a recession,there even have been instances when a recession as identified as existing butthen ended nearly as quickly as it was announced.  For example, in November of 2001, the NBER -the agency charges with officially declaring a recession - did in factaccurately announced that the nation was in the midst of a recession.  However, the recession had officially endedby the conclusion of that very same month.

 

At the present time, some members of the NBER have suggestedthat if the announcement of a is going to be made anytime soon in the United States that likely will not occur until thelatter part of 2008.

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About Author
Both Jaci Rae & Frank are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Jaci Rae has sinced written about articles on various topics from Parenting, Dating and Romance and Home. Jaci Rae is a #1 Best Selling author of The Indie Guide to Music, Marketing and Money and Winning Points with the Woman in Your Life One Touchdown at a Time. Tune in for "The Jaci Rae Show" heard live around the world every Thursday:. Jaci Rae's top article generates over 135000 views. to your Favourites.

Frank has sinced written about articles on various topics from Network Marketing, Music and Site promotion. Frank Graham is an internet entrepreneur and a finance expert. You can find him and his articles here on recessionsource.com. You can even ask or take his guidance on ?how to take care of your money in the economic recession?.. Frank's top article generates over 8100 views. to your Favourites.
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