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RE: Philadelphia Music Alliance - 10/26/2015
Does anyone know how a managing deal works financially, whether there's a standard model or whether it can take all sorts of forms? Because if it is not lack of time (because of being busy) or lack of inclination (wanting to keep control of these things even if it means going slower) then another thing at play could be purely financial. I have no idea how much money Haley has begun to make (for example, if and how PMJ distributes income made) but I imagine it must be really not that easy to just support oneself, living expenses plus cost of business like wardrobe etc. I've often wondered what Haley's plans and options would be if her music career for whatever reason were not to develop as hoped, what else she'd do to support herself and a family, given that she's not learning some other trade as a backup. The trade she's learning is the music and arts business with no plan B as far as I know. So what it comes down to is, as someone has noted here before: can she, would she, should she invest in developing this business, here by hiring management. Which means, if you don't have it in hand, extending money in advance - always a risky thing. But if you open a business, if you open a shop, a service, that's what you need to do: take out a loan, invest, see that you make the money back, then take it from there. So hiring a manager would not be about advancing her art, but investing into a business plan. My question is: Would a manager require a fixed sum of money each month (which she might not yet be able to afford) or are there deals in that business of the type that someone believes in Haley and is willing to go into contract with her without fixed compensation for the promise of participating in future earnings? Does anyone know? Maybe there are multiple models. But even then, it would be a big decision: there are artists who entered such deals, became famous, and regretted having to give so much of the money to someone else. One of the German national superstars has, I think, a manager who saw something way before it was something, and is now managing a multi-million seller (in that case a positive story of good instincts by that manager). Anyway, maybe hiring a manager is not easy to do because it requires either money in hand now, a loan that might be hard to get and is risky, or signing off on a fraction of future earnings that could be small, but potentially also really large with someone like Haley.
These are aspects way beyond seeing what turns up or having no time. I'd think these are maybe the kinds of things where discussing them with the parents is important, helpful and necessary. The thing to get going is to ensure that Haley has income, next to musical achievements, so that her career choice is sustainable, which requires things to happen, but to not let them happen in a manner where you end up in a mess with financial millstones around your neck in what, after all, is a tricky business where talent is not sufficient in itself and the water is full of sharks. The one thing she can be certain of is that people who hear her are sold - which is not the same as saying there is a large buying audience. They often buy less sophisticated things than Haley has on offer.
Somehow I think that in this area Haley knows what she wants and has a pretty clear idea of how not to get run over. She handled the Idol machine pretty well it seems - think the "shindig" moment. So I think it probably is doing things right - in getting that support infrastructure that takes it from serendipity to strategy. But it is true that there's a feeling that timing is an issue. It'll be interesting to see and fun to follow what she has lined up for 2016.
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