Posts Tagged ‘Finances’

Your Future: Trending Up

Thursday, June 2nd, 2011

“If you build it, they will come” was the mantra in the 1989 baseball classic, Field of Dreams staring the incomparable Kevin Costner. Finest actor of our day, IMHO.

Well, our mantra at Velvet Singer is that “If you can see it, you can improve it.” Say it with me — “If you can SEE it, you can IMPROVE it.” That is the truth.

Do you believe that? Do you believe that one of the barriers between you and success is simply clarity and understanding?

Automatic Trends Email

I am so excited about this new feature that I built earlier this week that I am not even waiting until it is released before announcing it. Because we overhauled the Trends module in the last update (v2.9.2) it is was a simple step to add an automatic email report.

Now whenever you log out of Velvet Singer, you will get a clean and clear snapshot of where you stand and where you are headed:

  • Are you performing more often?
  • Are you making more money?
  • Are you learning new arias?
  • Are you singing more lessons?
  • Are you faithfully journaling?
  • Are you networking more regularly?

And so you will have clarity on where you stand and can spur yourself along to greatness.

Need accountability? No problem! Because the report will be a nicely formatted HTML email, you can forward it along to your teacher, friends, family or supporters to involve them in your journey.

Look for this and much more in the next release!


Here is what the full Email report looks like:


Velvet Singer

www.velvetsinger.com

James Testdata

lyric baritone

 
Session Update

as of 6/1/2011 10:12:28 AM

Summary

During this session, I added records to the following tables:

Journal

673 total

10 new entries

Auditions

274 total

1 new audition

Contacts

274 total

5 new contacts

Repertoire

114 total

1 new record

Finances

283 total

6 new transactions

Email

633 total

No new emails

Projects

61 total

No new projects

Events

739 total

21 new events

 

 
 
Trends Update

Journal

Trending

Average

Journal Line Items

Up ↑

150 journal line items per season.

1346 journal line items in 9 seasons.

16 journal line items per month.

673 journal line items in 42 months.

Journal Forms

Down ↓

31 journal form entries per season.

153 journal form entries in 5 seasons.

4 journal form entries per month.

162 journal form entries in 42 months.

 

Audition

Trending

Average

All Auditions

Up ↑

39 auditions researched per season.

274 auditions in 7 seasons.

All Sent Applications

Down ↓

19 applications sent per season.

134 applications in 7 seasons.

2 applications sent per month.

134 applications in 70 months.

All Sung Auditions

Up ↑

9 auditions sung per season.

54 auditions in 6 seasons.

 

Contact

Trending

Average

New Colleague / Peer

Up ↑

22 new colleagues entered per calendar year.

112 new colleagues in 5 calendar years.

All New Contacts

Down ↓

55 new contacts entered per calendar year.

274 new contacts in 5 calendar years.

5 new contacts entered per month.

274 new contacts in 51 months.

New VIP Contact

Up ↑

11 new important contacts entered per calendar year.

55 new important contacts in 5 calendar years.

 

Repertoire

Trending

Average

Solo Repertoire

Up ↑

6 audition selections learned per season.

37 audition selections in 6 seasons.

Role / Work

Down ↓

5 roles learned per season.

21 roles in 4 seasons.

 

Finance

Trending

Average

Income

Up ↑

$13,924 in income per calendar year.

$55,698 in income over 4 calendar years.

$1,547 in income per month.

$55,698 in income over 36 months.

Profit

Up ↑

$11,732 in profit per calendar year.

$46,928 in profit over 4 calendar years.

$1,311 in profit per month.

$46,928 in profit over 36 months.

Expense

Down ↓

$2,192 in expense per calendar year.

$8,769 in expense over 4 calendar years.

$230 in expense per month.

$8,769 in expense over 38 months.

 

Project

Trending

Average

All Projects

Up ↑

14 projects added per season.

56 projects in 4 seasons.

 

Event

Trending

Average

All Events

Up ↑

106 events totaling 198 hours per season.

739 events totaling 1384 hours in 7 seasons.

12 events totaling 22 hours per month.

739 events totaling 1384 hours in 64 months.

Voice Lesson

Up ↑

1 voice lesson totaling 1 hour per month.

33 voice lessons totaling 30 hours in 38 months.

Performance

Down ↓

27 performances totaling 76 hours per season.

109 performances totaling 304 hours in 4 seasons.

Voice Lesson

Up ↑

8 voice lessons totaling 7 hours per season.

33 voice lessons totaling 30 hours in 4 seasons.

Coaching

Down ↓

21 coachings totaling 20 hours per season.

83 coachings totaling 80 hours in 4 seasons.

2 coachings totaling 2 hours per month.

83 coachings totaling 80 hours in 37 months.

Practice / Vocalizing

Up ↑

7 practice sessions totaling 8 hours per season.

29 practice sessions totaling 32 hours in 4 seasons.

1 practice session totaling 1 hour per month.

29 practice sessions totaling 32 hours in 35 months.

Teaching

Down ↓

1 lesson taught totaling 1 hour per calendar year.

4 lessons totaling 4 hours in 3 calendar years.

0 lessons taught totaling 0 hour per month.

4 lessons totaling 4 hours in 26 months.

 

©2011 Velvet Singer, LLC. Chicago, IL 60640
www.velvetsinger.com
All rights reserved.


Classical Singer Magazine, May 2011

Wednesday, May 11th, 2011

The Tech-Savvy Singer

The Velvet Business Plan

BY AMANDA WHITE

Keeping track of the small details of your career is a challenge for every singer. And yet, having and sorting that information could be critical to your success as a singer. Find out why it’s so important and read about a new tool that is making it easier than ever.

Everyone tells you that you need to write a business plan. But how many singers have actually done it? Well, if you’re attending this year’s Classical Singer Convention, now’s your chance. Bill Bennett, creator of Velvet Singer, a software program that helps singers organize their professional lives, will be conducting a workshop on creating a business plan. Here he talks about his software and why, yes, you actually do need to write that business plan.

What’s Velvet Singer?

Velvet Singer is an organizational tool for classical singers that I developed while I was finishing up grad school at DePaul and doing some part-time consulting work. I began by creating a simple database to track my auditions and just added from there. Then I began expanding as I found the need: What repertoire was I singing at auditions? How much was I spending? Who was I meeting? So it was born out of necessity. There was no way to keep track of this information other than developing big Excel sheets or lugging around a pen and paper.

So what, exactly, does the software consist of?

Well, it is a relational database application—it is like layers of spreadsheets carefully interconnected and ready made. What is powerful about a database is that you can quickly jump around and tally up data: How much did I spend last year? How many auditions did I perform? What is my most successful starting aria? But I find that the “softer” features are still the ones people write to me the most about: journaling after auditions and lessons, developing a new process, and having that accountability to keep after your goals and stay organized. That is what represents a major breakthrough for people in using Velvet Singer.

How does Velvet Singer differ from what’s already available on YAP Tracker?

I use YAP Tracker and have for years. I love the features and am impressed with how they continue to roll out excellent tools to help our business evolve. I primarily use YAP Tracker as a way to look up information. Along with Classical Singer and a few other resources, YAP Tracker is an excellent way to learn about auditions and competitions. Velvet Singer solves an entirely different problem area for singers: staying organized in all that we do.

Velvet Singer helps you organize and keep track of productions in which you perform, money that you make, people that you work with, repertoire that you are working on, lessons that you sing. And so Velvet Singer is a comprehensive journaling method of chronicling your entire professional journey, almost like developing a memoir—but a powerful, data-driven memoir with hundreds of statistical reports, tax information, and over 2,600 arias to pick from. Velvet Singer is a new category of product. My main competition is people working up several Excel spreadsheets or using good, old-fashioned pen and paper.

Do you find people get overwhelmed with so many features or do they take to it easily?

Developing a workflow and interface is more of an art than a science. An iPhone does so many different things. If you dig into the settings, you can really get through layers and layers of functions. But it is simple and clean. Velvet Singer is cross-platform (Windows or Mac), but it has a nice, colorful, Mac-like feel. I am grateful to have such a great team to help continually refine what and how we present data. So I find that singers, even singers who are not comfortable with technology, take to it quite well.

The software begins by asking a few simple questions, like “What is your voice type?” From there, users quickly set up some repertoire by picking from our list of arias. After you develop repertoire, the system asks if you have sung any productions in the past. Productions become “Projects” in Velvet Singer, and each project has people you worked with, repertoire you performed, money you made (or spent).

As users explore, they can peel back the layers. If you explore into the lessons and coachings area, you will be prompted to sync with your Google calendar. If you are liking some of the reports and want to share them with your friends, teachers, or parents, the system will ask to set up your e-mail account. So Velvet Singer becomes much more than a static tool waiting for you; it is interactive and helps you along the way.

At the convention, you’re going to be teaching a workshop on building business plans. Teachers and mentors have been telling singers to write business plans at least since I was in college [ahem] years ago, but I’m not sure anybody actually does it.

That is it exactly! Yes, I was told to do it, but never did.

I offer two seminars at schools and opera companies around the country, and they both are working, equipping, hands-on sessions. I studied engineering as an undergrad before pursuing singing for my masters. In engineering, we always had “labs” to correspond to almost every lecture. I follow that same formula in my seminars. Each singer creates a business plan in the session and leaves with a tangible, actionable process for keeping up with it going forward.

Do you actually know any top-level singers who literally have business plans? Or do you think their managers make them?

I certainly do, and many cite business planning activities as core to their success. Top-level singers are typically very busy people and they are very targeted about which business plan articles or exercises they focus on, and these areas naturally are different than would be for singers at other parts of the journey.

For example, a top-level singer may do more work developing a strategic marketing plan by analyzing that market and comparing it to their product. An undergrad may benefit more from doing a strengths-and-weaknesses assessment. The question I ask is “What problem are we trying to solve by doing the work of creating a business plan?” That can be a good way to focus your energy and make sure you are getting the value you seek. Simply, business plans are a way to organize your thoughts, discover new information, and communicate with others.

The philosophy and approach behind Velvet Singer Software and Velvet Singer Seminars are quite similar. They are both solutions that help singers take control and gain objectivity and insight. It was out of the process of developing the software and working with so many singers to define what this all-in-one organizational tool should keep track of, and how it should do it, that I discovered the need to create these seminars and to teach this “process.”

In the seminar, we use a workbook that has many checklists, simple comparison choices, and fill-in-the-blanks. The workbook is a simple, quick, and “push button” framework to give structure to our dialogue. Likewise, the software solution offers simple choices and prepopulated picklists. Our mission is to take what can be a very intimidating process and deliver this message loud and clear: “This doesn’t have to be difficult!”

If you had to boil it down—say, for the people who can’t make the seminar—what would be the three questions a singer should ask themselves, as a proto-business plan?

Rather than trying to tackle a list of business planning areas (even three can represent a serious “barrier to entry”), I would encourage singers to begin by focusing on a process: when, why, and with whom. Choose a process that has a low burden and then make an absolute steadfast commitment to stick with it (100 percent is much easier to maintain than 98 perfect).
For example, resolve to send an e-mail on the first of every month to your dad describing your goal for the next month. Or add quarterly reminders into your calendar that you will treat yourself to coffee and work on your mission statement. Or commit to interviewing six of your “stakeholders” about your strengths and weaknesses. In engineering, we call this an incremental and iterative approach and it absolutely works if you work it.

What do you hope singers take away from your seminar at the convention?

In addition to physically taking away their completed business plan workbook, singers will leave the session with a dramatically improved sense of self-awareness and empowerment over their path.

Amanda White is a coloratura soprano in New York. She can be contacted through her website at www.notjustanotherprettyvoice.com.

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

Version 2.8 — Personalized and Branded

Thursday, December 30th, 2010

This is arguably our biggest release to date! It is so big, we almost thought to call it 3.0, but we have some even bigger things planned so we couldn’t quite go there yet.

Enjoy and Happy New Year!

Branded Reports

We are thrilled to release this powerful feature: branded reports. Currently this branding applies to the Audition “repertoire selections” report — so when you print your rep list for your next audition, you can make it look just like your resume.

You can customize the font, size, bold, italics, add a headshot or add your own customized header logo image.

Navigate to the Main Menu, Settings, “Edit Branding and Resume Information”.

Now that we have this, think of what else might be on the horizon! If you can brand your rep list, why not use Velvet Singer to create your resume? More to come on that.

“Favorite” Reports

You can easily flag any report as a “favorite”, and even personalize the name of the report. We have started to build so many reports, that it is finally becoming necessary to be able to sift through and get to just what you need.

You will notice that we started you off with a few of our favorites. These reports are likely to be useful to you as well, so click through and to get a sense of what they each provide insight into.

Dashboard Menu and Totals

The top menu now has another menu item called “Dashboard.” We thought of calling it “Quick Menu” or “Quick Find” because we are convinced this feature will really help you do things faster.

Also, the Dashboard Menu (ie. the new thing) as well as the Dashboard layout, now display total record counts (including total dollar amounts for the Finance module). This is hugely powerful! That means that you can get a quick snapshot of how much you have been singing, how much money you have earned from your church job, or where your Auditions stand, just by looking up at this menu drop-down.

This should make reporting more powerful too:
1) Select your report
2) Use the Dashboard Menu to limit the records

Simple as that!

Three Contact Categories

The Contacts module now has a few new powerful ways you can group your contacts, making it more powerful than ever to invest the time in documenting your network.

Using the Category field, you can set which of the three primary ways you relate to this contact:

  • Professionally,
  • for Artistic Development, or
  • Personally.

Your contact might be a “VIP Contact” (in the Type field), but you primarily rely on them for your artistic development (coach or teacher) not for getting a job. Now you can more accurately record the nature of your relationship, and it will all be sitting there waiting for you when you need it.

Also, our professional contacts often have multiple jobs, so now you can mark up to three as this example shows. The information will appear on all reports and based on any Quick Find you run.

IPA Source

www.ipasource.com is a fantastic resource for singers, and now you can access it directly from within Velvet Singer. You may login to your IPA Source account or purchase songs “a-la-carte.”

From any Repertoire record, simply navigate to the Web Page layout, and toggle to the IPA Source option. That will search to see if your aria or song is among the thousands that IPA Source translates.

Survey of University / Conservatory Curriculums

Monday, October 25th, 2010

As I have been traveling around to many music schools, I inquire how they handle the business of singing material.

1) A few schools have courses specifically designed for singers, 2) many have entrepreneurship courses designed for all musicians and 3) many are not able to find any room in the curriculum for this material, so they bring in seminars “a la carte.” Some schools have very active and involved career services departments while others handle career preparation more heavily within the vocal department.

That all said, there seem to be some patterns across class syllabus and seminar offerings.

Topics / Seminars

  • Business Plans
  • Finances / Taxes
  • Marketing, Networking
  • Resumes, Materials, Promotions
  • Time Management / Organization / Goals
  • Technology / Websites
  • Mock Auditions
  • Recital Programming / Program Notes
  • Career Options / Brainstorming
  • Artist Management
  • Health / Yoga

Course Materials

Assignments

  • Business Plans
  • Informational Interviews
  • Lists (Professional Contacts, Repertoire, Auditions)
  • Journal Submissions (Auditions, Coachings, Lessons)
  • Reading, Blogs, Research
  • Sample Recital Programs
  • Audition Repertoire Book

I would also suggest the following books for any singer: