A Quote by Michael Heisley

If you look at my business record, I basically love to do turn-arounds. That's where I made all of my money. — © Michael Heisley
If you look at my business record, I basically love to do turn-arounds. That's where I made all of my money.
The music business has made a 360. It's a whole 'nother game. It's not nearly what it was. And I fear for it, because, you know, with the advent of the computer and online and downloading and all these things, they have destroyed - that stuff has destroyed the record business, not the music business, but the record business. The music business is well, and it's alive and thriving. Now, I hope something happens to turn it back around to the point whereas it's - you're earning a living from writing your songs, from your work, you know, because it's not like that anymore.
In theory, when you're working with a record label, you're just borrowing their money. And that's basically how the record industry works, right? It's like, you borrow $100,000 from a record label, so you don't make any money until you make back that money for them. In theory, they have you held hostage, so you've got to do every little stupid thing that they want you to do.
At the time, there was a great disagreement over 'The Wild and the Innocent,' and I was asked to record the entire album over again with studio musicians. And I said I wouldn't do it, and they basically said, 'Well hey, look, it's going to go in the trash can.' That's the record business, you know.
Whenever I approach a record, I don't really have a science to it. I approach every record differently. First record was in a home studio. Second record was a live record. Third record was made while I was on tour. Fourth record was made over the course of, like, two years in David Kahn's basement.
Every business is there to make money, and making a record is business. This tends to be forgotten by many.
Basically, as everybody that has had a taste of the record business knows, they are gangsters and crooks.
Actually, I have another record I made with them in 1976, but I've had such a bad experience with record companies, because I keep my head so much in music and not in business.
Of necessity, we made the discovery that it is easier to turn poets into business journalists than to turn bookkeepers into writers.
I think bands will actually make more money without record companies; a much bigger share of the money will go to the bands. You won't have record shops taking 40 percent of the money. You won't have record labels taking 40 percent of the money. So they don't have to sell as many albums as they used to in the past. So it's not necessarily a bad thing if record companies disappear.
No matter what business you're in, business is business, and financing and money are critical. I would have made a lot fewer mistakes if I had more schooling in that area.
Everything is starting to make a little more sense to me now. I love the idea that, first of all when I made the record I don't look at the music by classifying it. People have a problem classifying me as pop, or rock, or folk, or alt. The beauty for me is that a thirteen year old girl can fall in love with the record and so can her mom. I tend to gravitate towards artists that are timeless and don't sound dated.
I love what I do. I made my first record in '57. I don't think I'll ever get tired of making records and writing songs and singing and being in the music business.
I have walked away from enormous amounts of money and I have made that life I have wanted somewhat in this business. I love doing independent film, I love doing theater, I love doing studio films, and I do all three now.
The Profit and Loss Statement tells you a lot about how your business is doing. It can also help you to determine ways that you can go about saving money so that you get to bring more money home! Basically, the P&L statement measures all of your income sources verses all your business expenses for any given period of time.
Looking at 2014, I look back: we made more money off 'Mailbox Money' than we would have made off taking an advance from anybody. We made more money letting our fans buy the stuff directly from us than what any label could have offered us.
Music is a business. You ain't gonna record with someone if it's not business, if it ain't gonna get you no money.
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