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Paying 15% to someone, from a manager to a publishing administrator, has more meaning when you know which revenue sources should be added and are then multiplied by 15%. Vanessa started the list and here are more examples: Commissions But the truth is, all that's required to really understand the industry is simple, basic math - and any indie artist can do that!” confirms Vanessa. Many musicians have been labelled "creatives" early on and as a result think that they can't "do" math. “Math is used in calculating SOCAN royalties, in deciding whether to fly out West to tour or to rent a camper van, in deciding which shows to take and which to say no to, in deciding how much to invest in recordings. Those are the kinds of numbers you want to be adding! When Vanessa and her band Goodnight, Sunrise got the opportunity to open for Bon Jovi at Air Canada Centre, I worked with Vanessa and her bandmate Dave Kochberg to calculate the SOCAN royalties that would be paid to them for opening the show. But entering the music business (yes, business!) with an attitude that math is to be feared, simply makes no sense!” exclaims Vanessa. A successful musician doesn't need to be able to solve quadratic equations. We're all just people, capable of learning and mastering absolutely anything. We're obsessed with the idea that there's such a thing as an "artsy" person and conversely a "math" person, and that the two are rarely able to co-exist. “We have this whole obsession with categorizing. Numbers are everywhere in music, both on the creative side of musical creation, and on the business side. And being business savvy involves a degree of math, period,” says Vanessa Vakharia, Founder/CEO of The Math Guru, who is also a founding member of Goodnight, Sunrise, an indie rock band from Toronto.
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The truth is that making a career out of music is just as much about the business as it is about the art itself. “Knowing math, much like knowing literally ANYthing else, is empowering. Unfortunately, like many people, some musicians are afraid of math. This fear ends NOW… or at least at the end of this article. Well, math should be a musician’s best friend. Guest post by Canadian entertainment lawyer Byron Pascoe