Tag Archives: Music

Broken Strings And Business

I would be remiss if I didn’t mention the passing of B.B. King. While I have been to hundreds of concerts in my life, at one point I had seen B.B. King more than anyone (yes, even Springsteen although that’s no longer true). He has been rightfully honored over the last few days by every guitar legend – Eric Clapton being the most prominent – as having been a huge influence on their music. When he wrapped his fingers around Lucille, his guitar, he could say more in three notes than most guitarists can say in an hour.

English: King performing at the Fox Theater in...

(Photo credit: Wikipedia)

Of the dozens of times I saw him, one night in particular stands out and as it turns out there is a business point to be made as well. B.B.’s shows always began with the band playing a number or two and then the master would hit the stage. This particular night he played his first song and began his second when a string broke on Lucille.  It would have been incredibly easy for him to have signaled the band to stop because it was very apparent that a string had snapped.  Instead, as he continued to sing the lyrics, his right hand reached into his jacket pocket and out came a few strings.  Singing all the while, he proceeded to change the string, tune it as he played, and finished the song without missing a beat.  The audience stood as one when he finished, not because the song was a show highlight but because of the master class we had just seen.

The business point is one that I think we all know.  Strings break in all of our businesses from time to time.  The customers don’t really care even when they’re aware that something is amiss.  The broken string is your problem, not the customer’s.  How prepared are you?  Can you go about your business of providing an uninterrupted product or service of the expected quality or do you stop the band and make the customers wait?  B.B. King didn’t play a different guitar every other song.  He stuck with Lucille, so waving a roadie out to swap instruments wasn’t an option (and I could go on here about loyalty and consistency but you’re already there).  He probably had those strings in his jacket every show and rarely needed them (this was the only time I ever saw them come out in dozens of shows).  Do you have strings in your pocket or are you looking for a roadie to bail you out?

I’m sad The King Of The Blues is gone but thankful for all the joy he gave me and the inspiration he provided to many of the others whose music I love.  I’m also appreciative of his professionalism and have learned a little from his broken string.  You?

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Filed under Music, Thinking Aloud

Top Posts Of 2014 – #2

Continuing a review of the most-read posts written this past year, today we have one from way back in January.  This was one of our TunesDay Tuesday posts (should I bring those back?) and deals with the same business idea as yesterday’s post.   Do I detect a pattern in your curiosity?

Tomorrow we’ll have the most-read post of the year and Friday we’ll have your favorite Foodie Friday post of 2014.  This one  was originally called “Long Black Road.” Enjoy!

This TunesDay we’re going to look at an old song that’s actually new.  Recorded back in 2001 it wasn’t in wide release until recently when it was featured in the soundtrack to American Hustle.  The movie is very good; the soundtrack is excellent.  The song is Long Black Road which was recorded on ELO‘s last album (Zoom) and only issued in the Japanese version of the record as a bonus track.  Pretty obscure, but to those of us who’ve long  admired Jeff Lynne it was sort of familiar.  Here it is for your listening pleasure:

What makes this song of interest to us today is the message contained in the lyrics.  What I like about this song is it makes the same point in three different ways.  A directionless musician pursues his dreams in the first verse despite being told to get, in essence, a real job.  “Face reality” as the song puts it.  I’m sure every entrepreneur and every start-up has heard that at some point.

The second verse is the core message for anyone in business:

So I drifted for a while down the road to ruin
I couldn’t find my way, I didn’t know what I was doin’
I saw a lot of people coming back the other way
So I kept on goin’ when I heard them say,

“You gotta get up in the morning, take your heavy load
And you gotta keep goin’ down the long black road.”

How many businesses are caught up doing the same kind of drifting?  How often do we wonder if we’re lost?  In this case, despite the number of people coming back, the singer keeps going, having heard the message to persist.  Quitting is easy – taking the load down the long black road isn’t.   By the third verse, the singer is a success, but gets reminded that money won’t bring happiness.  The journey – overcoming the obstacles, facing “trouble and strife” are every bit as important as the end goal.  Three great business points.

Funny how much one can learn in three verses over three minutes if we’ll just listen…

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Let’s Get Physical

Usually on TunesDay we talk about a song and that’s the title of the post.

CD

(Photo credit: grytr)

Today, however, we won’t be examining any old Olivia Newton-John songs and will, instead pose a question.  When was the last time you bought a piece of physical media? A CD or a DVD is what I mean. Well, this TunesDay we’re going to answer that question as well as have a think about what it all means. Maybe we’ll throw in a little point about statistics while we’re at it. Ready?

The good folks at Nielsen Soundscan and Nielsen BDS have some news for us about the amount of musical content consumption over the first six months of the year:

For the first six months of 2014, sales of albums are down 14.9% vs. the first six months of 2013. Vinyl AlbumSales and On-Demand streaming continues to show strong gains – Vinyl LP sales are up 40.4% and overall On-Demand streaming up 42% over last year, with on-demand audio up 50.1% and on-demand video up 35.2%.
 
Wow!  Everything old is new again – look at vinyl.  Here’s the statistics lesson – vinyl grew from 2.9 million albums sold to 4 million.  Yes, it’s up 40% but it’s a tiny percentage of all the content sales (maybe 2%).  Always put numbers into context – on their own they can be pretty deceiving.
On to the bigger point.  Once the music industry stopped fighting consumer demand and allowed the changes brought about by digital technology, I think they got a better picture of what was good and bad in terms of the music they were selling.  Album sales, both digital and physical, continue to fall.  As a heavy consumer of music I can tell you that there was nothing worse that spending $15 (in the old days) on an album to get the 2 great songs you wanted to hear.  That changed with the iTunes model of single track sales and the broader point of letting consumer buy just what they want is not lost in that.  Maybe that fall is about the inability of artists to put together a great album?
What stands out to me in this report is the continued growth of on-demand streaming – Spotify, Pandora, and others.  Audio on-demand streams grew 50% and unlike our vinyl example, the numbers are significant – almost 34 million streams up from just under 24 million.  Assuming each stream is one song, that’s 10 times the equivalent number of albums (10 tracks to an album) as were actually sold.  I suspect a good chunk of that music wasn’t new – the long tail at work.  So we’ve gone from consumers having to buy a physical product which continued excess materials (for which they had to pay to get what they want) and needed to be stored someplace (you should see the piles of records and CD’s in my house) to choice as to buying specifically what they want with no storage issues to paying just to hear what they want without owning or storing anything.  The content is the same, the business model radically different.  Maybe something in there points to a trend in your business?
Some might look at the Nielsen numbers and think music is in trouble.  I think it’s pretty healthy as long as we’re focused on the business music is really in now.  What do you think?

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Filed under digital media, Music