416 – [Daniel Glass Show]: The Importance of Diversification
In this episode, Daniel dives deep into the concept of “diversification,” and shares four key reasons why developing a musical career based on this model can lead to stability, success, and satisfaction.
What’s covered in this session:
- Daniel describes how his brand of “drummer, author, educator” has evolved based on a model of diversification, and how the concept has served him positively in the course of nearly three decades in the music industry.
- As soon as we declare ourselves to be professional musicians, we must begin to think of ourselves as small business, and educate ourselves accordingly.
- How Daniel’s “do it yourself” mindset from his years with Royal Crown Revue helped develop his business model of diversification.
- Four key reasons why diversification is important:
- The world we live in today demands it.
- It can help us to control our own destiny.
- It can be the means to cultivating a rich and fulfilling life that is full of challenge, variety and stimulation.
- We have made the choice to live an “unusual life,” so we must act “unusually.” This demands outside the box thinking as far as how we design our careers/businesses.
Resources/Links/People Mentioned:
- Forbes Magazine: In the 21st Century, to be a musician is to be an entrepreneur.
- Berklee College of Music piece addressing the mindset of freelance musicians.
- Some suggested ways that musicians can diversify to increase income and stability.
- Other episodes of the Daniel Glass Show that cover related topics: