Ariel is asking me to make money goals on page 24. This is difficult for me. It is only recently that I felt I had a chance to make live music entertainment more than a hobby. Since it has always been a hobby, I've usually lost money doing it (after you add up all the time and expenses)and I've been happy to do it. Hey, I was doing what I love to do most in all of the world! Who am I to think I should get paid for it?
Clearly, Ariel's chapter one is supposed to help me adjust my attitude. I am worried how I can make my money goals realistic - again, simply because I've never made money before.
But, here we go:
It is December 31st, 2010, I am adding up my income streams.
$2500 from elementary school shows.
$1000 from pre-school shows.
$5000 from CD sales
$15000 from private parties
$5000 from Highland Park
Total income this year $18500
OUCH!! I hope I don't have to buy too many guitar strings!
I need about $50,000 in income... looks like I'm $31,500 short!
Ariel, if your goal was to get me to think about this stuff, it worked. So, now I'm scared!!! I mean, it is one thing to have a dream of making it in the music business, but cash flow is a very real and undreamlike thing, -and this exercise brings home how difficult it is to turn your dream into reality.
I guess I need to go eat Turkey for Thanksgiving and think about all of this -especially how I'm going to book all of those gigs!
Happy Thanksgiving to all,
Johnny Only
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