Ownership is one of the most important concepts I could teach anyone in the music industry.
Many people do not take responsibility for their lives, let alone their careers. They blame outside circumstances and other people for their lack of results and success.
In this episode of The New Music Industry Podcast, I explain the advantages and disadvantages of ownership.
Download the PDF Transcription
Podcast Highlights:
00:14 – Introduction
00:30 – Taking ownership and the blame game
00:53 – Taking responsibility for yourself and your actions
01:33 – The victim mentality
01:58 – Taking responsibility for your music career or business
02:17 – Getting the results you want can take more work than you even realize
02:53 – Learning to take initiative
03:50 – Benefits of ownership
04:22 – Upsides and downsides of partnerships
04:65 – Downsides of ownership
07:46 – Thanks for listening and leave a comment
Transcription:
As I thought back on my personal development journey, my life experience, and my business training, there’s one concept that struck me as being most critical to your success in music entrepreneurship – ownership.
Unfortunately, what so often happens is that people blame others for their present circumstances. They adopt a victim mentality. Nothing is their fault. And their life is not the result of anything they’ve done or the actions they’ve taken.
But it’s really the opposite.
Taking Responsibility is Empowering
First and foremost, we must take full responsibility for our lives. Many don’t realize that this is ultimately empowering. We’ve been conditioned to believe that we should blame other people, events, and circumstances for where we are and who we are in life.
For me, taking ownership was empowering, and I think you’ll find the same thing.
If you adopt the victim mentality, change is up to something external that you have no control over.
But when you say, “I’m responsible,” you can identify how you can change in a positive way. And that means change is up to you. So, you’re not waiting around for anything to begin creating the change you want to see in your life.
So, we must take responsibility for our careers, whether that’s a job, freelancing career, music career, or business. Because that means you’re in control. You can create the change you want.
You might not have the results you want right now. And the truth is, getting those results often takes longer than you think it will. It takes more effort.
But when you say, “if it’s to be, it’s up to me,” and accept personal responsibility for working towards your goals, it puts the power back in your own hands. And so long as you don’t give up, you can make your dreams a reality.
And even if you don’t hit all your targets, if you come close in the process, you can learn from that experience and adjust course as necessary.
Creating Yourself as a Leader
Oftentimes, we say things like, “my boss didn’t give me all the information,” or “so-and-so didn’t get in touch with me.” But we should take it upon ourselves to reach out when projects aren’t moving. Send an email or give them a phone call. Stay in communication until the project is completed, or until they say they can’t do it. At least then you’ll be able to find someone else to help you.
If you find yourself in a situation where you don’t have the resources you need, or you’re not sure where to start, ask follow-up questions of your boss, collaborator, or investor.
Say, “I don’t think I have everything I need to get started on this project. I’m not sure how to move forward with this.” Take the initiative and take it upon yourself to move the project forward.
The Advantages of Ownership
I own the domain name davidandrewwiebe.com. No one else owns that. So long as I continue to make payments, I will own the domain and the website associated with it. It’s my intellectual property, and it’s worth something.