Today we’d like to introduce you to Chris King.
Hi Chris, it’s an honor to have you on the platform. Thanks for taking the time to share your story with us – to start, maybe you can share some of your backstories with our readers?
I was born and raised in the soulful city of Memphis, TN! I attended the University of Tennessee at Martin, where I received a Bachelor of Business Administration in Accounting. I’ve always had a passion for music, even though I have zero musical talent like my clients, but I had no idea there was a music industry path for my love of accounting.
After graduating, I moved to Nashville, where my fiancé was born and raised, and she was still in school. After 3 months, I started my professional career at the business management firm Flood, Bumstead, McCready, and McCarthy, Inc doing business and financial management work for touring artists and songwriters. I quickly rose through the ranks to Account Manager during the 6 plus years I was with the firm. After 7 years, I decided I wanted to start my firm and build long-lasting relationships with the knowledge I had gained. When I first departed, I became a Partner at Blue Sky Group Business Management and spent 4 years heading their entertainment business
, management division.
In 2019, I split from BSG with all of the clients/businesses I had built throughout the 4 years and started King Business and Financial Management LLC (KBFM) with myself and one employee. Here we are 3 years later with a staff of 10 and over 30 clients.
I’m sure you wouldn’t say it’s been obstacle-free, but so far would you say the journey has been a fairly smooth?
It has not been an easy road deciding to enter the world of an entrepreneur. There have been months of zero incoming cash and then other months of six-figure income – it’s not as straightforward as a regular bi-weekly paycheck. Plenty of times questioned if what I was doing was right for my family. The lows are low, but the highs are high! I wouldn’t change it for the world.
We’ve been impressed with King Business & Financial Management LLC, but for folks who might not be as familiar, what can you share with them about what you do and what sets you apart from others?
King Business and Financial Management is an entertainment business and financial management firm providing services to international touring and recording artists, songwriters, producers, publishing companies, record labels, and entertainment professionals. Our goal is to provide the expertise and knowledge comparable to a massive firm, with the intimate, hands-on approach we’re able to provide. As a company of only 10, we have experience in the field of over 50 years total.
We provide services in the following:
Company Setup Assistance – Sole Proprietorships, Partnerships, and Corporations
Cash Flow Management / Bill Pay
Receive and Deposit All Checks / Income
Monthly Cash Reporting and Quarterly Financial Statements
Preparing and Monitoring of Budgets
Risk and Insurance Assessments
Tax Planning and Preparation Work (actual return prepared by CPA)
Artist, Publishing, and Producer Contract Guidance
Management of Domestic Staff, Contractors, and Vendors
Tour Budgeting to Actuals Reporting
Pre-Production and Planning
Touring Insurance Procurement
Tour Performance and Merchandise Settlement Audits
Assisting with Credit and Asset Acquisition
Oversight of Financial Portfolios and Financial Manager
Property / Estate Management and Acquisition Assistance
Trust, Wills, and Estate Planning Oversight and Consulting
Third-Party Royalty Statement Administration – Producers and Writers
Artist, Songwriter, and Publishing Royalty Audits
Catalog Valuation and Sales Assistance
What makes you happy?
To me, there is no better feeling in the world than starting to work with an artist at a young / the starting point of their career with seeing them play their first Nashville show at the OG Basement in front of 50 people, to playing in front of a sold-out Bridgestone Arena! That is the ultimate goal of an artist, and being a small part of watching a dream come true is amazing. As their business managers (in other words, CFO), we get to travel through the ups and downs with them. We educate them on their business, so they know how it works and can obtain their dreams.
- Website: www.KBFMgmt.com
- Instagram: https://www.instagram.com/kbfmgmt/
- Facebook: https://www.facebook.com/KBFMgmt/