Advance to Possibilities: An Introduction
FINANCING: The ultimate F-word.
Financing, such as credit cards, advances & loans have gained a bad rap in our society. But does it have to be this way? I argue that financing, when used responsibly, financing can be a powerful tool in building your career.
We live in a culture where talking about personal financial decisions is still taboo – We are uncomfortable with people knowing when we struggle, yet it happens to every single person. At some point in time, everyone will need some type of financing, whether it’s a mortgage, car loan, credit card, or in this case, a royalty advance.
My goal in starting the series is to take away the stigma associated with financing for the music community. With over a decade of working within the finance and music industries, I have come across too many creatives that do not understand how to utilize financial options to benefit their careers. It’s an unfortunate standard that leaves many creatives in the dark.
What to Expect
Join me, every Wednesday for the next 5 weeks, to talk royalty advances. We will dive into royalty advances unlike ever before. I am here to answer all your questions about advances. Here is a snapshot of the topics that will be discussed:
- The purpose behind royalty advances – When & why you should consider a royalty advance
- The BIGGEST mistakes artists make when taking an advance & how to avoid them – Learn from the blunders others have made.
- An easy to follow checklist to prepare you to take that first advance – You’ve decide that an advance is right for you, now what? I’ll walk you through the steps you need to take before signing that dotted line.
- Who should you trust when taking an advance – Compare & contrast advances from record labels vs banks vs private companies, like Lyric Financial.
- A rundown of the biggest advances in music history – You will not believe some the artists included on this list!
The official first post in “Advance to Possibilities: Invest in the Best” will be published on September 12, 2018. I look forward to starting this important conversation with you!
About the Author
After moving to Nashville in 2009, Lisa Nolan worked at Fifth Third Bank’s Music Row branch, serving clients within the music industry. The relationships Lisa gained over this time period encouraged her to enroll in Belmont University to learn more about the music business.
Since graduating from Belmont University, Lisa has worked on projects for artists/organizations such as Blake Shelton, Jimmy Fallon, for King & Country, Jana Kramer, Music Makes Us, Draper James and more. Lisa holds a Bachelor of Arts in Sociology and Bachelor of Science in Public Relations Management from Belmont University.
Today, Lisa serves as marketing manager at Lyric Financial. Her mission is to serve the global music community by empowering creatives to make smart financial decisions at every stage of their lives.