I have another favorite show – The Profit on CNBC with Marcus Lemonis.
Meet the business turnaround king Marcus Lemonis. He’s spending millions of his own money to save failing businesses. (Simple, understandable explanation of the show. Boom!)
People + Process + Product – that’s how he looks at business… have you ever looked at YOUR BUSINESS in that way? It’s interesting.
On the April 1st episode, Marcus went to help a candy maker turn his business around. Sweet Pete and his wife are PASSIONATE about their business but as the show progressed, I kept thinking “there must be some bad language in his contract with their partner or they wouldn’t be having these issues…” I was right.
Sweet Pete rushed into a contract with a partner who didn’t want to contribute to the business. He was in such a rush to get back to what he was passionate about he created a deal that was really bad. Lots of artists do the same thing – this is a great episode to watch to really SEE how rushing and assuming everything will be ok can come back to haunt you.
Here is the link to watch the show online:
The Profit – Season 2 – Episode 206 – aired 4/1/14: Sweet Pete’s
Want to make sure you don’t rush into an art licensing contract that isn’t in your best interest?
Then it IS in your best interest to understand what you are signing and to know when you know enough to do it yourself and when you should hire help. Maria Brophy and I wrote a book – How to Understand Art Licensing Contracts – that can teach you the ropes and be used as a quick-guide for specific issues for years to come. Learn more at www.ArtLicensingInfo.com/contracts.html
Here’s to your creative success!
– Tara Reed