Thing that I felt like I was doing that was super unique was this management piece because I was going to, you know, people in the space.
Speaker AAnd I don't want to call any names, because I think that if you work in our industry, you know who they are.
Speaker ABut I was going to them and being like, yo, can you.
Speaker ACan you teach me?
Speaker AAnd they'd be like, you know, there's nothing in Canada.
Speaker BRight?
Speaker AYou know, you don't need to learn anything here.
Speaker AThere's nothing.
Speaker AIt's just hay.
Speaker AIs this blowing around.
Speaker AJust go somewhere, like, you know, and they were so discouraging.
Speaker AAnd it's.
Speaker AWhat is really sometimes even discouraging now.
Speaker ANow is seeing the same people in the same roles that they've been in for 20 years.
Speaker BRight, right.
Speaker AAt labels, you know what I mean?
Speaker AAt publishers who are a part of the urban music space.
Speaker AI don't even know if we're allowed to call it that anymore.
Speaker CBut I was gonna ask.
Speaker AI'm like, people are always like, what do you.
Speaker AYou know, are part of this space with, you know, r B, rap, neo, soul, like that.
Speaker AThat kind of music, black music, and would tell me not to invest in knowing more here.
Speaker AAnd then it's like, okay, well, even if it's Baron, teach me anyways.
Speaker AOh, well, you're not in school, Only public.
Speaker AWe're a publicly traded company.
Speaker AYou can only get an internship here if you're in school for music business at one of these five institutions.
Speaker AAnd then it's like, well, why would I go to school there?
Speaker AThey don't got no teachers that teach about the genre I'm working in.
Speaker BExactly.
Speaker ASo it was kind of just like, so, you know, it was just so redundant, the.
Speaker AThe amount of rejection I was getting that when I realized I was creating something significant, you know, the artist I managed.
Speaker AWe sold out tickets to her debut concert at Revival.
Speaker A300 tickets.
Speaker ALike, you know, this is a seated event.
Speaker AWe had to, like, open up standing room within, like, 72 hours.
Speaker AAnd we never released original music.
Speaker BRight.
Speaker AYou know what I mean?
Speaker ASo when you can do that, when you can build a brand like that, there was a lineup around the building.
Speaker AYou know what I mean?
Speaker ALike, Drake showed up to her album release party.
Speaker AWe were.
Speaker AWe were killing it.
Speaker ALike, Raekwon had brought us.
Speaker AI realized that, okay, there's artists are cool, but there's, like, this really significant piece of business and decorum that you have to have that helps you navigate through this space for sure.
Speaker AAnd so when I got rejected and she fired me, you know, my Mom's not a Jay Z fan or anything, but I remember her sitting me down and said, you know, if you built this, you can build another one.
Speaker AAnd I just thought, like, made hove says, okay, make another hove.
Speaker AAnd I was like, the, the saddest part for me was like, people on the outside thought she was hov, you know, Right, I was hov, you know, and like, I realized, like, yo, I know what I did, I know what I created, I know what I contributed.
Speaker AAnd so there was this period of like, is this for me?
Speaker CYeah.
Speaker ABut everything kept bringing me back here because I feel like.
Speaker AAnd this is like the best advice I can give to anybody.
Speaker AYou are defined by your knowledge center.
Speaker AWhat you know about dictates the way you move through the world because it dictates what you're attracted to.
Speaker AIt dictates what, what people are attracted to about you.
Speaker AAnd so, because I had so much real, tangible knowledge in this space, it didn't matter what else I wanted to work on.
Speaker APeople always wanted to talk to me about the music business, right?
Speaker AAnd so I was like, you know what?
Speaker AAfter like a year and a half, like I had opened Sandbox, it was dreadful because I wasn't a recording engineer.
Speaker AI didn't know anything about anything.
Speaker ALike, even I'm looking around this dope studio and I'm like, oh, what are those triangles in the corner?
Speaker AOh, those are bass traps.
Speaker ABecause, you know, an engineer just told me, like, you guys should probably get some bass traps.
Speaker AThey're just pretty, you know, they're from ikea, you know.
Speaker ABut yeah, like, I really realized that, like, damn, rooks.
Speaker AYou know a lot about this.
Speaker AAnd I think that I really want to encourage people to do deep dive learning because you become passionate about what you understand for sure, you know, and so it became a real passion point for me to share music business knowledge.
Speaker AAnd it wasn't about royalties, it wasn't about how to start a vp, like a joint venture, or like, how it wasn't about starting a label.
Speaker AIt was, these are basic business transferable administrative skills that you need to understand to run any successful company operation.
Speaker AJust operational business management.
Speaker AThis is strategy.
Speaker AThis is, you know, your mission statement.
Speaker AThis is your business plan.
Speaker AThis is your business canvas model.
Speaker AThis is like real business development.
Speaker AAnd I realized from being in that space that I was relating it to music, but I realized a lot of people didn't know anything about business at all.
Speaker CAnd I was listening to a conversation you were having with someone before and you had mentioned the idea of artists actually developing Business plans for themselves, which I thought was an incredible idea.
Speaker CCan you just speak as to why?
Speaker CBecause I know you kind of touched on it now, but can you just let our listeners know why you think it's so important for artists to create a business plan?
Speaker AYou know, Business plans.
Speaker AI have a day plan.
Speaker AYou know, I like today, I'm running around like crazy today because I didn't make a day plan.
Speaker BRight.
Speaker AI have something, a word that I have actually trademarked.
Speaker AIt's called discipline.
Speaker COkay.
Speaker AI own it.
Speaker AIt's.
Speaker AIt's the idea that you can only be disciplined through planning.
Speaker BRight.
Speaker AWhat are you.
Speaker AWhat are you comparing your success against if you don't have a plan?
Speaker BRight?
Speaker ARight.
Speaker ASo if you can't wake up in the morning and go, you know, by 9:00, I said I was gonna have some Cream of Wheat, then big up everybody who eats Cream of Wheat.
Speaker AAll the Jamaicans know, okay?
Speaker AIf you didn't say that you were gonna have some porridge in the morning at 9, then when you have porridge at 905, you don't know you already failed.
Speaker BRight.
Speaker AYou know what I mean?
Speaker AAnd so I think it's so important for people to create business plans because it becomes your bible.
Speaker AIt becomes the thing that you are able to say, I am achieving or I am underachieving.
Speaker BRight.
Speaker ABecause anybody doing anything, you know, if you didn't have food yesterday and you have french fries today, you feel like you won.
Speaker CRight?
Speaker BRight.
Speaker ABut if your goal was to have a balanced meal, then French fries don't cut it.
Speaker AAnd you wouldn't even have accepted the French fries.
Speaker AYou would have continued to look for what you actually said you wanted.
Speaker BRight.
Speaker AAnd so I think that it's incredibly important for you to decide what you want, because a big part of success as well.
Speaker ALike, people always think about business plans in terms of, like, deterring you from failure.
Speaker ASuccess can lead you off your path.
Speaker BRight.
Speaker AI just brought Obama here in January.
Speaker ANow everybody's asking me different questions about, like, you know, this, that, thank you for that.
Speaker ABut that's not my plan.
Speaker AYou know what I mean?
Speaker AYou have to know your plan so well that you know how to say no to.
Speaker ATo.
Speaker ATo good things.
Speaker BRight?
Speaker ARight.
Speaker AAnd so, you know, when I was building Sandbox and like, you know, even sitting in the studio, like, I'm.
Speaker ABe honest, like, shout out MPL Studio.
Speaker AIt looks so dope in here.
Speaker AI really love it.
Speaker BThank you.
Speaker ALike, when I was building Sandbox, I didn't know anything about why anybody would need to use A studio.
Speaker ABut Sandbox has existed and is one of the top ranked studios in Toronto.
Speaker ABecause I know my business plan inside out, right.
Speaker AI know how we supposed to grow, how we're supposed to pivot.
Speaker AI know when some one engineer leaves, what kind of engineer to put in there, how, how to replace things.
Speaker AWhat, like, if I only have a $5,000 budget for upgrades, what are the right upgrades?
Speaker ABecause of the audience that I'm.
Speaker ASo I own my audience.
Speaker AThat's why we're always able to sustain and grow.
Speaker ABecause unless you own your audience and your audience are your clients, they're your consumers, they're your buyers, they're the people who are your circle of influence in terms of how you should be growing.
Speaker ABut they're also the influencers that go out and propagate, you know, whatever it is that you want the world to believe.
Speaker CYeah, true.
Speaker AYou can't do that if you don't have a business plan.
Speaker BRight.
Speaker ASo, you know, I really feel like it's so important for artists, creatives, anybody to, you know, when I opened Sandbox, I was like, yo, I'm going to be the only recording studio in Canada that also has a cyclorama.
Speaker AI'm sitting inside of another studio in Canada, right?
Speaker ALike, if you don't know your business, then you don't know even like, okay, like I walk in here, I'm seeing stuff, I'm like, but I could have done the market research on that before I'd open Sandbox.
Speaker AAnd I think that that's a big part of the reason why I push business plans so is because I learned so much through trial and error.
Speaker AAnd then I wrote a business plan like six years in, and I was like, got it.
Speaker AUgh.
Speaker AYeah.
Speaker AHad I just done this six years ago?
Speaker BYeah.
Speaker ALike, you know, and then from there, like, I just have business plan thinking.
Speaker AYou know, some people call it design thinking, model thinking.
Speaker AI just have business plan thinking.
Speaker AWhether it's about the kind of breakfast I'm going to have, the kind of car I'm going to drive, what outfit I'm wearing.
Speaker AIt's always like based on like 7 of 7 of the main things.
Speaker AYou know what I mean?
Speaker CThat's incredible.
Speaker CAnd I think more people should actually take that into consideration, especially young artists.
Speaker CThey just want to get out there, get popping, get their pictures on magazines.
Speaker CBut if they sit down and kind of plan out where they want to go and measurable stats on how to get there, I think that would help a ton of.
Speaker CTon of artists.
Speaker AYeah.
Speaker AAnd you have to build a financial plan.
Speaker ARight, Right.
Speaker ASo you can get popping and be poor.
Speaker AThere are a lot of popping poor people.
Speaker ARight.
Speaker AAnd I think that that's like the biggest thing.
Speaker ALike, how many people do you know that are popping?
Speaker AAnd we see it especially in the Canadian music market, where I will go to Young and Dundas and I'll see somebody above H and M.
Speaker AYeah.
Speaker AYou know, and I'm like, this person ain't got a penny to that.
Speaker AThey use the WI fi to make calls at my studio.
Speaker BRight.
Speaker DI want to ask a question about that because before we.
Speaker DBefore we started this conversation, before we hit record, we were talking about COVID and how a lot of artists are losing their main source of income because they can't tour anymore.
Speaker DI'm really curious as an artist myself, this transition happened in the last couple of decades, where the music, essentially the music itself is not a product that you make a lot of profit off of and you rely on touring, which some would argue is not the artist's main job.
Speaker DTheir main job is to make the music.
Speaker AYeah.
Speaker DHow do you feel about that and about in terms of maybe having a business plan on actually making a living from the music itself, as opposed to the merch and the touring and any other peripheral sources of income that artists.
Speaker AHave had before COVID Well, it goes back to audience.
Speaker ARight.
Speaker AAnd I think that one of the things that we've been able to do in all businesses is passively engage our audience.
Speaker ARight.
Speaker AIt's like there are billions of people online.
Speaker AI throw out a song if it sticks to even 0.0.01%.
Speaker AThat's a lot of people.
Speaker BRight.
Speaker AAnd so we're seeing that the entire business model of entrepreneurs, of creatives, it's based on stickiness.
Speaker AIt's not based on intentionality.
Speaker ARight.
Speaker AAnd so when you intentionally engage your audience and you connect with them in that way, they will buy your music.
Speaker AThat's why Taylor Swift has done so well.
Speaker ABecause people will buy Taylor Swift's album when they have Apple music, where you can listen to her album for free.
Speaker ACause it's not about paying for the music.
Speaker AIt's about the commitment to Taylor Swift.
Speaker DSo you think the idea of just sort of those quiet musicians that would just release albums and not really interact with the public and just be sort of mysterious, you think those days are kind of over?
Speaker AI think that those days are over for the people who.
Speaker APeople know, like, it's no longer a time where, you know, the democratization of music started with Napster.
Speaker AIt started with Limewires it started in this place of where I could just download my favorite song for free.
Speaker CYeah.
Speaker AAnd what that actually has done is made a lot of us more things work in streams, right?
Speaker AThis stream goes into this stream, into this river, into this sea.
Speaker ABut you have to know the difference between your rivers and your seas, Right.
Speaker AAnd so.