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RE: MUSIC BUSINESS 101: How To Build A Rap Empire Independently
I think you have summarised it very good; Working your ass off is not sufficient, one also needs the vision, their own sound, and foremost a team of people to support in all the different elements of doing business. The music industry is about connections and network, and I don't see that changing in the short term, or maybe ever.
Definitely it's all about networking and leveraging.