ABSTRACT
Understanding and managing the sources of income for the artist are among the
most important functions of the artist manager. Some artists want to be active par-
ticipants in overseeing these aspects of their careers, but developing artists espe-
cially soon find out that the business side of their career is better handled by
their manager. Until new artists become comfortable with someone else managing
their earnings, it is be important that they participate in the financial accounting
for their work, and, more importantly, develop the understanding of reports and
documents that show their earnings and the costs it took to create those earnings.
Depending on when they are ready to place major reliance on the manager to over-
see their business affairs, they will meet regularly to review reports and financial
summaries that will be as general or detailed as the artist requires. The sooner
the artist finds the level of comfort in having the manager oversee their business
affairs, the sooner the artist can build a focus on creativity and artistry, which
are the elements that create the true value and earning potential in an artist’s
career.
