According to the Small Business Administration more than 70 percent of all family businesses do not survive through the second generation and 8 percent do not make it to a third.
We are at a crossroads in the music business: with the rise of the internet the world we live in has changed and the past is not coming back. But I see the glass as half-full: the internet and social networking are new avenues for the next Bob Dylan to be born on.
Next Article
It's a real roller-coaster ride if you're lucky to have longevity in this business – you have to be able to ride those waves.
