It is very hard to manage all the aspects of your career. Being a creator usually means that you're not necessarily an entrepreneur. However, you need to understand the meaning of all the contracts and the dealings you will have. You need to understand the impacts of all the dealings you will have with a record label and a music publisher, and they are mostly financial impacts. This is important.
At SPACQ, one of the goals we have is to help manage that aspect so that the young up-and-coming authors and composers can be more comfortable with all these aspects.