By k | September 24, 2017 - 6:00 am - Posted in New Business Development

When I was a brand new writer,
I was desperate
for a book deal.
I signed a contract
that gave the publisher
total control over my name
FOREVER.
That publisher
also under reported my sales,
paying me a fraction
of the royalties
they owed me.

I had to reinvent myself,
launching a new pen name,
to survive that mistake.

Desperation leads to
bad business deals.

Master P,
Rapper
and Music Mogul,
shares

“This story is going
to show the world
that we’ve got to use our minds
sometimes, too.
We shouldn’t be in a rush.

I tell people all the time,
don’t do a business deal
when you’re desperate.

At that time
I was living in the projects;
I was desperate.
So if I did that deal
it just would’ve been,
“That’s it for me.”
I would’ve sold
the rights to my name.
I never would’ve been
able to use my name again.
So we have to be able
to read these contracts.”

If you feel desperation
over a deal,
consult someone
whose opinion you value
and LISTEN to that someone.

We all make stupid decisions
when we’re desperate
and those stupid decisions
can haunt us forever.

This entry was posted on Sunday, September 24th, 2017 at 6:00 am and is filed under New Business Development. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.