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Slide show in support of a keynote lecture given at the 2012 NAMM Conference in Anaheim, CA by Keith Hatschek, Director of Music Management at University of the Pacific.
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You Are the CEO
The Entrepreneurial Musician
Presented by Keith Hatschek, University of the Pacific
NAMM Conference, January 19, 2012
“The Initiator”
Annie Downs
The Music Industry Has Morphed
Music is now found in more places than ever before in history
Musicians are working up front and behind the scenes at some of today’s most exciting companies
The era of monopoly is beginning to fade in many areas of music and entertainment
“New Ideas – New Tools – New Rules”
Companies Still Count . . . But Ideas Count Even More
Ideas are the new form of exchange in today’s entertainment world
Ideas that attract an audience are the foundation of new business
Examples
Funny or Die
MOG
Pandora
Why Think & Act Like a CEO?
You are in charge of your future
Challenging
Exciting
You will earn respect, money and status!
Fly First Class!
The CEO Mindset
Hungry for knowledge, not just information
Can focus and achieve immediate goals
Not afraid of hard work and more work
Ability to motivate, inspire and lead others to help them succeed
Ability to attract supporters (emotional and $)
Can respond to, and take advantage of new situations, even when risk is involved
Mistakes & Failures Are Needed
Without experimentation, you will not become a successful CEO
Use mistakes or setbacks to inform how you can improve your plan, process, product or service
No CEO bats 1,000 -- you only need a few successes to build and sustain your career
CEO Success Stories
Amanda Palmer, DIY Artist
Benjy Grinberg, Label Founder
Tish Ciravolo, Guitar company founder
What did they know that you don’t?
CEO Amanda Palmer
CEO Benjy Grinberg
CEO Tish Ciravolo
CEO’s Playbook
Take your passion and turn it into a business
Learn how to:
Leverage ideas & applications to . . .
Create products & services . . .
That will attract an audienceI
Use audiences to help you refine your offerings – “crowd sourcing” – it really works!
Be relentless in pursuit of success, as defined by YOU! (not the “industry”)
Brain Food for Music CEOs
Gerd Leonhard -- “Friction is Fiction”
Seth Godin – “Permission Marketing” & “Poke the Box”
Chris Anderson – “The Long(er) Tail”
Malcolm Gladwell – “Outliers”
Ignore feeding your brain at your own risk!
Music CEO “How To” Guides
Peter Spellman – “Indie Marketing Power”
Angela Beeching – “Beyond Talent: Creating a Successful Career in Music”
Music is “Information”
Music is part of more business opportunities than ever before
Music can provide a unique “signature” for a brand or band
Music can be monetized in a multitude of ways in addition to a CD or download
Internet radio, video games, TV and film syncs, music apps, customized music, commercials, value added music (T-Pain and Bjork apps), clothing with lyrics, etc.
Generating “Big Ideas”
What do Amazon, iTunes and Sheet Music Plus all have in common?
Develop a way to solve a problem, save time or money and you may be have a profitable “Big Idea”
Big Ideas generate energy and heat and end up gaining support for their CEO
Three Steps towards CEO-dom
Set Attainable Goals
Include a timetable, a way to measure progress and don’t be afraid to start with baby steps
Craft an Action Plan
Map out step-by-step what it is you will do to attain your goals. Include who else is involved, their roles and how your plans will be measured and adjusted as you progress
Maintain a Constant Feedback Loop with Your Audience
“Listen to your audience; and they will listen to you.” – Nile Rodgers
Create Your Own Start . . .
“Starting a project . . .
“Let’s Talk It Over” – CEO Lil’ Wayne (Young Money Entertainment)
This entire presentation can be found at www.hatschek.com/careertools
Email questions/comments: [email protected]
More reading on music careers
“How to Get a Job in the Music Industry” by Keith Hatschek
Includes chapters on networking, goal-setting, personal achievement, etc.