in my opinion is:
small amounts of money moving quickly
recently at s.u.f. hq we have adopted this attitude to make sure nothing like the infectious bankruptcy affects us like it did before , the process is simple:
pay people as soon as you have the money to do it.
don't sit on the cash , and don't allow invoices and debts to pile up.
this may seem obvious but it is amazing how many people in the industry still don't do this , and i honestly believe it is a principle reason for labels and distributors going bust.
The temptation to leave it , or wait until there is a more serious amount due is understandable.
But paying the guy the 50 that you owe him now, rather than waiting until it becomes 100 is really the way forward for underground techno companies especially when there is so little money being made and record sales are so down.
how often have you heard " oh these guys went bust owing everyone 10,000's of pounds" etc etc....?
or " its just a question of cashflow" ????
well thats it , CASHFLOW! The answers right there in that word. make that money move even if it's 10 pounds , it keeps a tight ship and minimizes risk , it also gives us the encouragement to keep going and be a part of it.
it's just something i was thinking about and wanted to know your thoughts on this
obviously no one wants to talk about their personal finances on the net but there's a point in there , maybe one of you guys has been thinking the same thing.
this also can relate to extreme dj wages ( there are many arguments about this ) where they do not represent the actual "bums on seats" value of the dj.
paying djs what they are worth and not some figure plucked out of thin air will essentially keep the clubs open for longer , give people more variety
( the spice of life right???) and enable the base of the scene
( newcomers (yes those guys who spend ages making mix tapes and tracks at home) , labels, shops , distribution ) to grow stronger.
it has a lot to do with morale , how sick are you of hearing that , this club has finished? this company has gone ? oh, that guy has retired ?
it saps the soul and lifeforce from the music everytime you hear something negative.
so this message is for everyone ( as if we don't know already)
keep a tight ship , pay everyone ( even your mates ) on time and the correct amount , and for all you superstar djs out there , don't take the piss!
for every 10,000 a mega dj makes , another younger dj (who wants it bad and could probably eat you for breakfast ) goes hungry.......
i don't mean literally but.............you know what i mean!
what do you lot think?