Business manager
From Wikipedia, the free encyclopedia
In the context of the music industry, a business manager is an agent or representative of musicians and/or recording artists, whose main job is to supervise their business affairs, and the proper handling of their financial matters.
The role as it is understood today was largely originated (and the term coined) by Allen Klein, who represented numerous performers through the years, helping them to both invest their incomes wisely and to recover unpaid (or underpaid) royalties and fees.
In a general context, a business manager directs or plans the work of others in order to run a business efficiently. He or she should have a working knowledge of the following areas, and may be a specialist in one or more: sales, marketing, and public relations; research, operations analysis, data processing, mathematics, statistics, and economics; production; finance; accounting, auditing, tax, and budgeting; purchasing; and personnel. Other technical areas in which a business manager may have expertise are law, science, or engineering.
