Posts Tagged ‘Entrepreneurship’

15 Entrepreneurship Axioms

Wednesday, January 11th, 2012

As classical singers, many of us have ideas for start-ups, gigs and special projects. A lot of us have ideas for businesses even outside of the musical realm. We are self-starters with endless creativity and big ideas.

If you are thinking about taking the leap into action, this list may help you avoid some common pitfalls and get a better sense of what reality will be like once you get rolling. Read through this list and shoot me an email, I’d love to encourage you in your journey!

As I have developed Velvet Singer, LLC over the last five years, I have added to this list of lessons learned, which I have taped on the wall by my desk. The list grew quickly at first, but I find I keep uncovering more even now. Here they are, in the order that I discovered them.

As I look through the list, I realize several are religious / spiritual. If you are into any “higher power,” they may translate. If not, you may still identify with the meat under the sauce.

Why would God be in the mix? From a practical point of view, starting a business or start-up project will challenge you on all levels. You will experience high “highs” and low “lows”. Exhaustion and profound joy. Worries and great optimism (mostly optimism for me, let’s be honest!). Entrepreneurship is a spiritual experience. It has the power to cut to the core of your self-worth and reveal your priorities and values. If you want in, get ready to be revealed!

Enjoy,
Bill


1) Always altruism, never cash.

Don’t get burned thinking about the money, and not genuinely focusing on solving people’s needs. It is a bit like method acting, people know when you are faking it.

2) Humble joy for any rewards the Lord gives.

It is a miracle of God that we can do anything at all that makes money. Throw a small God party any time anyone pays you even $1. Many people in the world don’t have access to behold this miracle in such close proximity, count yourself lucky.

3) Exercise patience.

We all want to wring the thing by the neck and make it submit. It is OK to wait. Many great things can happen when you wait. “Waiting is fullness” says the Martian from “Stranger in a Strange Land.” Do you grok?

4) Don’t spend money.

Don’t buy anything. Make it from scratch or skip it altogether. You don’t have to spend money to make money. Don’t go into debt, just start small and give it time.

5) Phone calls, not email.

Especially if you have gone ten rounds with an unhappy client or customer, pick up the phone rather than taking three hours to compose the greatest email of all time that will finally illuminate and defuse the situation. This is also true of selling any idea or product. Email eats. Attachments will not get clicked on, links will not get clicked.

6) Reply quickly.

Count it a point of pride that you are quick on the reply. People notice.

7) Listen and let people talk.

The best way to “sell” is to be genuinely interested in and deeply understanding of your customers’ needs. The only way to do that is to listen. Furthermore, you can’t lose sight that you are in this business, even in a small way, to help heal the world and to do good. Part of what you offer is an ear. Think of yourself as a minister or counselor, not a salesperson.

8) Don’t sell to your friends, they won’t buy anything anyway.

If you have created a business plan, even if it is just in your head, don’t count on getting off the ground with a little help from your friends. They won’t buy anything and you’ll strain the relationship by asking them. Plan on making brand new friends / contacts (which may come out of existing relationships / partnerships), and if any of your old friends want to join up, they know where to find you.

9) Plan for mistakes. Error capture. Log findings.

Even for non-technical businesses, plan that you will make tangible, repeated mistakes. Wherever possible, be deliberate and extremely thorough about documenting and understanding how your mistakes happened. If you are in a technical world, measure the damage and “capture” the error.

10) Donate a portion of your revenue at a fixed proportion.

Even if it is only 1% – 10% of revenue, donate a portion of your revenue from the first dollar you make. Besides the actual good that donating revenue to a good cause does, it helps reshape your understanding of your purpose, it elevates your endeavor from a boring job to a noble calling. Instead of feeling like Willy Loman, all of a sudden, you will feel like Don Quixote. This is your quest!

11) Walk by faith, not by sight.

Entrepreneurship is a spiritual endeavor. You are entering uncharted territory. Pray and trust your gut. Don’t take too much time to research option A vs. option B. You probably already know what choice you want to make. Go for it.

12) Have fun and be cool.

Don’t get all frazzled and take things too seriously. If you need to make money so you can eat food, get a job. Entrepreneurship is for fun. You’ll regret the times you run around like a mad man at conferences trying to make every last bit count. It is more important to “be cool, honey bunny, be cool.”

13) Fight resistance with courage.

Every day you will feel resistance, a little nagging voice trying to divert you and discourage you. Be encouraged, the louder that voice is, the more you know you are on to something great. In fact, seek out that wet blanket feeling of heavy resistance, learn to make it your friend, like a rival in a tennis match, and then face it with explosive bursts of courage. Read The War of Art by Pressfield for more.

14) Have an opinion, take a stance.

Don’t offer too many products, don’t allow too much customization, don’t be too flexible, don’t say yes to everything. Take a stance, defend a point of view. Your brand, no matter what it is, needs to have personality. Your customers / clients ultimately commit to you, they buy you, not a product or service.

15) Play “small ball.”

Don’t try to sell the “home run” to your customers; rather, get the relationship started and start to help them. Play small ball and see if they can move around the bases. If they don’t respond to a simple email offering help, they aren’t likely to invest the time, energy and money to become a committed partner with you through the purchase of your product or service. If you are planning a recital, think through who of your contacts would call or email you right back and concentrate your efforts on getting them to attend, rather than flyer-ing the neighborhood.

Featured in Classical Singer Magazine

Wednesday, May 11th, 2011

Crack open your May 2011 edition of Classical Singer Magazine (the one with Jane Eaglen on the cover) and you will find this fantastic article on Page 18.

Thank you to Sara Thomas, Jo Isom and Amanda White for their fine work to make this happen. I am so proud that they reached out to us and took notice of the impact we have been making!

In the article, we explore the newest features of Velvet Singer Software, what need it fills and how it is different than other products and services. We also talk a bit about Velvet Singer Seminars including our newest seminar: How to Sustain a Well-Tuned Business Plan.

E-Workbook is Here — v2.9.2

Wednesday, May 11th, 2011

We have been holding on to this release for quite some time, trying out the new E-Workbook in seminars throughout the country. Tweaking, building and refining what we think is an excellent add-on to Velvet Singer.

After automatically downloading the newest update, v2.9.2, you can open up the Workbook add-on from the Main Menu.

This is an entirely separate file (the first add-on that we have released) and it is a very feature rich application of its own. We may even begin to sell it as a separate product. For our current customers? Free!

From the E-Workbook menu, you can open up the workbook for either of our Seminars:

- Seminar A: Organization / Goal Setting
- Seminar B: Business Plan

There is tons of information and TLC poured into both, but we think the Business Plan workbook functions really well as a stand-alone application.

The Bottom Line: Persuasion and Communication

The Workbooks walk you through everything you need to know, helping you generate rich and persuasive prose. For example, rather than trying to describe your values from scratch, you can first pick from a list of 39 common values.

E-mail Reports

From the Business Plan menu you can generate two types of reports, opening them in your web browser to print or preparing an HTML email to your family, friends, teachers and supporters. You can also Resume your workbook from the last page you edited, Backup your data, Submit your data to our compilation project or Clear all of your previous responses.

The E-Mail report allows you to send a beautiful and colorful HTML report directly from the system with no setup required.

Customize your message to request feedback and direction, or make an appeal for direct financial report. The more you involve your stakeholders, the more they will support you.

Business Plans

Your business plan will arrive with professional and colorful styling. It will contain copious amounts of valuable information, yet it will also be well organized and readable.

Velvet Singer business plans contain the following information:

  • Executive summary
  • Mission
  • Vision
  • Values
  • Current approach
  • Entrepreneurship strengths / weaknesses
  • Product strengths / weaknesses
  • Positioning / branding
  • Ambitions
  • Financial outlook
  • Risks analysis
  • Strategy
  • Five year plan
  • Priorities
  • To do list

Trends Module

Rebuilt and optimized to show you only the best information without any setup required on your part, the trends module is completely prefabricated and ready-made. Simply navigate to the Trends module from the main menu, and the system will compile your data. Click around, learn and share.

From each Trend record, you can see composite information describing your progress. For example, this singer has been doing about coachings per month.

View your profitability over the years or show the same data broken out into months. You can also drill down into income or expenses.

Trend reports gather high level data so you can analyze them together or share them with your professional contacts.

This report show a singers has researched 273 auditions, sent out 134 applicat

Longy’s Experiential Education Program

Thursday, February 10th, 2011

The Longy School of Music in Cambridge, Mass offers something very unique to their students — the Experiential Education Program requires all conservatory students to create a music project and carry it out through live performance. It is like what we called in engineering school, a “laboratory.” It is not enough to think about the project or to write about the project, you actually have to get out there and do it.

“Experiential Education is a vital component of Longy’s Conservatory curriculum, designed to prepare student-musicians for an increasingly diverse and complex world, to prepare them – in the words of our mission statement – ‘to make a difference in the world.’

Required of all students, this two-semester course includes interactive presentations, discussions, and readings. Students strengthen their communication skills and understanding of audience education, public advocacy for music and the arts, and entrepreneurship. They are challenged to think more broadly about music, its role in society, their career options, and the best use of their skills.”

– from Longy.edu

Many students choose to tie in a service aspect to their projects. This is a great way to generate an audience and seems like a very natural transition to post-graduate life, where many musicians go on to serve the community professionally and semi-professionally. I have found singing for children to be personally rewarding, artistically enriching and lucrative. By way of example, I had the good fortune to perform with Opera for the Young, the Lyric Opera of Chicago’s Opera in the Neighborhoods program, and through the Chicago Symphony’s Kraft Family Series.

Serving children, the elderly, poor or imprisoned is an experience I certainly wish I had been challenged to pursue during school as they do at Longy. How vivid of a memory and how empowering would it be for the students to create, promote and perform a concert at a jail in Boston? Look out Johnny Cash! That is not to mention the actual, tangible impact that these concerts will make in enriching the Cambridge and greater-Boston communities.


I am trilled to be working with singers and non-singers at Longy this March through the EEP courses! I definitely think I can contribute and am excited for the opportunity to expand my game.

I will tailor the material to address the needs of the project team (rather than the individual singer) while each team is in the midst of executing their projects. Teams will have made some strides in planning and researching, but potentially not quite solidified anything tangible and deliverable.

We will focus the session on project management: techniques, tools and skills. We will extract lessons learned from the first half of their EEP project, give them some time for a “reality check” and help them plan what they would like to do differently going forward. It would be a shot in the arm, to help get the teams re-energized and focused.

I will customize my new e-workbook to cover some of these principles:

  • Entrepreneurship strengths / weaknesses checklist
  • Visualization / discussion of the ideal project workflow
  • Reality check and personal tendencies
  • Project risks assessment
  • Project priorities
  • Project goals
  • Project action items
  • Project accountability

I am thrilled to help support these many worthwhile and service-oriented projects. See you in Boston!

Angela Beeching at The Juilliard Store

Wednesday, January 19th, 2011

I was fortunate enough to catch Angela Myles Beeching’s “mini-seminar” at The Juilliard Store last week. Casey Molino Dunn helped arrange the event through his PR firm, Octave Performing Arts.

It was a nice time to reunite with some singer-friends from Juilliard, newer friends from the Classical Singer Convention 2010 and to learn a few new ways of approaching things from a real career services pioneer.

In the seminar, Angela encouraged us to define a vision of where we would like to be in about five years. We were challenged to think of both life / family / location as well as our professional careers. As some folks shared around the room, Angela encouraged us to dig deeper, to “unpack” the vision from being either too vague or too unrealistic.

Part of the challenge is to have a clear understanding of where you are in your journey. She called this the “frank assessment.” I try to encourage similar thinking through some of the exercises in my seminar workbooks, such as the Entrepreneurship Strengths and Weaknesses checklist. I think the Questionnaire also gets to this same point, but from a slightly more granular, skills focus.

I was very encouraged that she worked from this wider perspective (vision, goals) toward helping each of us define a specific and concrete to do list. I call these “Action Items” in my seminars, but the idea is the exact same — in order to make strides, you have to create a list of things that are tangible and specific enough, such that you can cross them off the list when they are complete.

I don’t want to give away too much else of what she offered. To get the rest, you’ll have to visit her website or hire her to come present at your school!