Music producers starting out, don’t make much money, if any, from their music but still need to devote full time hours to it. A big part of being a music producer is business, and once you are successful there are many aspects of business you will be into. Therefore it is important you have a good business mind. If you don’t have a natural business mind I would suggest taking a business class and studying about business.
When you re starting out and not making money it is important that you find a source of income that can be flexible and still allow you the time you need to focus on your music making! Also, have enough to invest in building it, buying the equipment, going to networking events, promoting, etc.