Entertainment Attorney Rasheed McWilliams briefly but effectively talks about 3 of the biggest mistakes artists make in the music industry. First he illustrates the importance of having and entertainment attorney. Far to often artists neglect to seek the counsel of one when dealing with contracts. While having one can be costly at first, artists can an often do end up paying tore than that cost for not having one in the long run. Having an entertainment attorney also helps you to better understand those legal documents so that you’ll know what’s in your best interest . Most of the stories you hear about artists being screwed by their labels, usually come down to one single act. They signed a bad contract. Why does this happen so often? Artists are usually so eager to be famous and on somebody’s label that they’ll often sign anything that’s in front of them if it comes with a little cash advance. That along with the fear that showing any resistance will make the label find somebody else, puts a lot of pressure on artists to sign bad record deals. Also covered in this video is money management. Having huge amounts of money go out as fast as it comes in is another very common mistake that artists repeat. To conclude, a lot of these and other mistakes can be avoided with the proper counsel and some business education.
Source: Indie Hip Hop