144: How to Navigate the Shark-Infested Waters of the Music Business

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Name dropping is one of the lowest forms of self-aggrandizement there is.

I was just talking about this with my friend, Wynton Marsalis. Ever hear of him???

All kidding aside, my guest for this episode is friends with pretty much every famous trumpet player on the planet. Not only that, but he does the taxes for a lot of them too.

I’m excited to share this interview with Mark Schwartz. Mark is a great trumpet player who has become a great CPA. He has some of the world’s top trumpet players as clients as he helps them navigate the shark-infested waters of the business of music.

If there’s one thing you need to take away from this interview, it’s this: Be vigilant. Be aware of the ins and outs of your business, and choose carefully the people you entrust with the business side of your career.

In this interview, you’ll hear about:

Mark’s eye-opening experience of the realities musicians face when he did the taxes for a famous Boston area musician. [13:30]

How Mark used his connections within the trumpet community to build a clientele of some of the most well-known trumpeters in the world. [27:45]

How Woody Herman found himself owing over $3 million to the IRS and nearly lost everything. [40:00]

The first steps musicians should take when they form an enterprise. [48:45]

And Much More!

Got a question about what Mark and I talked about in this episode? Leave a comment below, or send me an email and one of us will get back to you right away!

About the author, James Newcomb

I'm a full time MusicPreneur. Every now and then I play music. Send me an email at!

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