From the course: An Insider's Guide to Today's Music Biz: 4 Building a Professional Team

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Business managers

Business managers

- If you're successful in this music business eventually you're going to have some money coming in and when you do, you're going to need somebody to help you count it and manage it, and that means a business manager. So let's talk about what a business manager will do. Think of the business manager as the Chief Financial Officer of your business. Most of the top business managers are certified public accountants who have been trained in the world of finance, accounting, and taxes, and provide that expertise and perspective to their clients. But that's not always the case so you'd be wise to ask ahead of time. If you are lucky enough to have some money to count, the business manager is the person that's going to be counting it. The main role of the business manager is to help you manage the money you make. If you are signed to record and publishing deals you will get regular accountings for the royalties you are hopefully due. These accounting statements are very difficult to…

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