Went from Chilling in Alaska to Doing the Shore in Jersey
You might think restaurants are struggling, given the number of famous and franchised places that have closed lately. In fact, the industry itself has fared well since the Great Recession.
But, some key things are different, according to the trade publication Restaurant Business. Jonathan Maze, RB’s executive editor, looked at 10 ways restaurants have changed since the economy tanked in 2008 and 2009.
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Continue @ Forbes
The music industry has been in a rut for years — a $7 billion rut, to be exact. After a $15 billion peak in 1999, the industry watched its revenue slide until it plateaued at $7 billion in 2010, where it hovered for years. In 2016, the music industry finally saw an increase, notching a $7.65 billion year.
Streaming was credited for the turnaround, but the threat isn’t over. There’s a silent killer in the music industry that’s having a sinister impact on up-and-coming artists: fragmentation. Independent musicians work with so many different service providers that the ultimate outcome of all their efforts is confusion — and an uphill battle.
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Continue @ Forbes
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One rueful joke about the long-suffering music business holds that it’s a great place to make money … doing something else.
That’s to say that when you record an album, you won’t make much directly from even a hit song. Indeed, though streaming services such as Spotify and Apple Music have revived recorded-music revenue to the levels of a decade ago, few musicians are getting rich from their online streams.
Exene Cervenka of X told me a year ago that she might get a check of less than $500 for a million streams of one of her songs. The return on investment is so poor, she said, that she and her bandmates had decided not to record new albums because they could make more money in less time from concerts.
And that’s indeed where the money has gone in music (at least for musicians): live performances, merchandising and licensing of songs for TV shows, movies or commercials.
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Read @ Forbes
When it comes to being a successful professional photographer, there are certainly many misconceptions. Knowing what some of these misconceptions are and how to avoid them can help take your business to the next level.
When a photographer finds a passion for photography and decides that they want to take that passion and make a living out of it, photo enthusiasts can be zealous to start their own business. If a photographer doesn’t have a strong background in business and marketing, the journey to becoming successful can take many detours and ultimately may result in frustration and abandonment. Here are a few common misconceptions about successful photographers and what you can avoid on your road to success.
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The news straight out of Bilbao, where hundreds of chefs and restaurateurs gathered today for the announcement of the annual ‘World’s 50 Best Restaurants,’ is that Massimo Bottura’s Osteria Francescana in Modena, Italy, is once again the “best,” after previously taking the top spot in 2016. Spain’s El Celler de Can Roca, which nabbed the No. 1 spot in 2015, is currently No. 2, and last year’s victor, Eleven Madison Park, is now ranked at No. 4. So much drama.
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Read @ Grub Street
Although more than half of culinary school graduates are women, fewer than 7 percent of restaurant owners and head chefs are female, according to a Bloomberg News statistic James cites. And when Time magazine ran a story earlier this decade lauding “Gods of the Kitchen,” a roundup of top culinary talent that exclusively featured men, James, a former newspaper reporter who worked at her mother’s restaurant growing up, found the enraging inspiration for her first documentary film.
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Read @ SouthFlorida.com
Every new business owner faces the same dilemma: what if it doesn’t work out?
Well, it’s not as bad as you think. According to the U.S. Bureau of Labor, 75 percent of new businesses survive their first year. But the challenge continues as 69 percent survive the second year and only 50 percent make it to five years.
But just because the data says so, doesn’t mean you will just let chance dictate your fate. By learning about the most common mistakes many restaurant owners make, you increase your chance of surpassing the challenges and succeeding in your business.
What are some reasons why restaurants fail?
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Read @ Modern Restaurant Management
Apple Music and Spotify are in the trenches of the “streaming wars” — and Apple is fighting for every inch.
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Read @ CNNMoney
Between the Waves Music Conference and Festival returns to Madison this weekend, providing musicians with the knowledge to pursue, the expertise to implement, and tools to guide them toward earning a living making music and having a good time doing it.
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Read @ Channel3000.com – WISC-TV3