Seth Godin (who never worked in the music industry, until he started a label to prove a point), has decided to share with everyone the few things you can take away from the sinking ship, before it sinks. I wish more people in the music industry realised these things instead of denying the truth.

His first two points are such utter genius I must reproduce them here:

Things you can learn from the music business (as it falls apart)

The first rule is so important, it’s rule 0:

0. The new thing is never as good as the old thing, at least right now.
Soon, the new thing will be better than the old thing will be. But if you wait until then, it’s going to be too late. Feel free to wax nostalgic about the old thing, but don’t fool yourself into believing it’s going to be here forever. It won’t.

1. Past performance is no guarantee of future success.
Every single industry changes and, eventually, fades. Just because you made money doing something a certain way yesterday, there’s no reason to believe you’ll succeed at it tomorrow.

Do yourself a favour and read the rest of the article, especially those of you in the music industry.

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