Normal
[MEDIA=instagram]CbNLmP6AnuQ[/MEDIA]View: https://www.instagram.com/tv/CbNLmP6AnuQ/?utm_medium=copy_linkThis is a dope breakdown that makes it simple to see how entertainers get fleeced. This is why it’s important to known when to look at entertainment as a business and when to look at it as an art. In simple math:Revenue$100 - Contract PaymentExpenses$15 - Legal Fees$15 - Manager Fees$40 - TaxesBalance$30 - What You GetSo your $100 can end up being $30 before you even do one thing to fulfill the contract. Be smart when negotiating and don’t do business when you’re high or drunk.
[MEDIA=instagram]CbNLmP6AnuQ[/MEDIA]
View: https://www.instagram.com/tv/CbNLmP6AnuQ/?utm_medium=copy_link
This is a dope breakdown that makes it simple to see how entertainers get fleeced. This is why it’s important to known when to look at entertainment as a business and when to look at it as an art. In simple math:
Revenue
$100 - Contract Payment
Expenses
$15 - Legal Fees
$15 - Manager Fees
$40 - Taxes
Balance
$30 - What You Get
So your $100 can end up being $30 before you even do one thing to fulfill the contract. Be smart when negotiating and don’t do business when you’re high or drunk.
