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Wednesday, 24 July 2013

Talent management.


A Talent manager is an individual that handles major responsibility of a client (talented individual) it could be in Sport, Fashion, music, model and so on. There are different types of managers they include: tour managers, financial manager, field manager, Online Manager etc. In this article we will be talking about a manager as a general manager because it is tailored towards upcoming talent and you don’t have the funds yet to be gathering all types of managers yet.

A Talent manager handles career areas for athletes, actors ,singers, DJs and so on. A talent manager may be hired by a client or the manager may discover the talent,  and the relationship is usually contractually bound. The manager's main responsibility is to help with determining decisions related to career moves, bookings, promotion, business deals, recording contracts, etc. given an example of an unsigned act, in the music industry,music managers may assume multiple roles: press agent, promoter, booking agent, business manager, and sometimes even a personal assistant, graphic designer, publicist, and handling money and finances As the artist's career develops, responsibilities may grow, and because of their percentage agreement with the band, the manager's income may grow as well. A talent manager's first task is to solidify all the client development aspects and then concentrate on product development.

Manager's contracts, however, cannot license those responsibilities unto the manager in the same way a state license would empower the agent to do so. Therefore, conflicting areas of interest may arise unless those are clarified in the contract. That said, a manager should be able to read and understand and explain a contract and study up on the long-term implications of contractual agreements that they, the client, and the people they do business with, enter into. Before the manager enters into an agreement with the client, their relationship may be regarded as competing for interest; after a good contract is signed, their interests, obligations and incentives are aligned, and the interest in success is shared. Sign up and get free template for music manager’s contract.
Please note your manager is not your financial investors unless otherwise stated, so don’t be expecting him to fund your projects

Download a free Management Agreement sample

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