In this video, we dive into the strategic use of business credit for record labels, highlighting when and how to effectively utilize it. Learn the key moments to leverage credit, like for merchandise and touring, while avoiding common pitfalls such as financing albums or music videos. Understand the importance of maintaining a good credit score and the right way to use credit to protect your bank balance and fund monthly expenses. Whether you're an artist, producer, songwriter, or new music exec, this guide is crucial for anyone looking to make smart financial decisions in the music industry. Plus, don't miss our exclusive 60-Day Record Label course and free guide for boosting your label's profits!

00:00 - Let’s talk
00:38 - Merchandise Play
01:12 - Tour Play
01:56 - Do Not use Credit for the Album
02:23 - Do Not use Credit for Videos
03:06 - Your Credit Score is IMPORTANT
03:39 - “What should I do first with the credit?”
03:55 - “In any situation, when do I use the credit?”
04:00 - “When should I get business credit for the label?”
04:21 - “How much credit should I have on hand?”
05:10 - Getting Started in the Game
06:10 - If you Respectfully use the Credit
06:23 - If you Misuse the Credit
06:37 - My Final Thoughts
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