The Experience of Music Business Essay Example | Topics and Well Written Essays - 1250 words - 131

The Experience of Music Business - seek ExampleThe distribution of roles was necessary in helping us achieve the goals. According to Schneeman (2013) it is important for duties and roles of individually partner to be well defined while starting a credit line partnership. They should be include in the partnership totment. If roles and duties are not well stipulated, partnership conflicts can easily arise Gitman and McDaniel (2008) As mentioned earlier, when we started the employment, we all had different ideas before settling for the music business. The most outstanding challenge was to decide and agree on the kind of business we were going to focus on. One of the team members who are the music manufacturing business was able to convince us into music business by giving us an analysis of the market. former(a) team members were doing the same for their business ideas, at the end we all agreed to do the music business as for each one member of the team can contribute with past exp erience and it was the best business to apply the theory of bootstrapping. We had to go through three meetings to finally agree on the business, plan it and consider the costs. According to Clifford and Warner (2012) each partner has different priorities and personalities. It will take compromise from each another(prenominal) for this to work.The other challenge faced was effective communication within the team members. According to Norman, (2003), communication is very critical in any business and business partners as well. At the first meeting some were whimsy nervous to share ideas as some of the team members were new. Furthermore, due to the difference in characteristics and background that each member has, in the beginning, I was shy and did not express my ideas and concerns.