INTHEBLACK September 2021 - Magazine - Page 64
PUBLIC PRACTICE
// M Y C L I E N T A N D M E
THE CLIENT:
HOLLY RANKIN
RECORDING ARTIST
AND ENTREPRENEUR
I entered the industry as a songwriter and
producer in my early 20s, very bright-eyed
and driven by huge goals that I’m still trying
to achieve eight years later. I think it’s a
very slow process, breaking into the industry.
I’m now 29 and finally have a sustainable
music career.
I’m lucky, but I also have tried to work
as hard as possible to put the right teams
together and navigate with clear eyes along
the way.
When COVID-19 hit, it was so sudden to
have a whole year of business stripped away,
with touring vanishing.
In my core business, Jack River, we
experienced downturns between 60 per cent
and 97 per cent. We are still experiencing that
kind of downturn in revenue profit.
I also have a promoter company, where
I run a small festival. That business was also
swiftly put on the shelf and remains there
for the moment.
In the meantime, I’ve taken the time to
assess other areas of interest. I’m currently
investigating the impact communications
space and looking specifically at how the
digital tools we use in the music industry can
be used in communicating climate activism.
64 ITB September 2021
I had started my podcast, To Rebel in the
Times, pre-COVID-19 and then, once we had
more time, we decided to accelerate it. It is
a series of conversations about cultural
change with notable Australian and
international artists.
It has been a very tough time for many
in the music businesses, especially touring
businesses, but I have a lot of different things
that I’m interested in, so I found it quite OK
to refocus during that time.
We are living in a time where the
entertainment industry changes overnight and,
therefore, revenue streams change overnight.
I met Paul when I was looking for a new
accountant. I found him highly creative, as
well as extremely good at what he does. He
is constantly challenging me and mentioning
different things that are happening, so we are
able to react with the flow of the industry.
W H AT D O YO U VA L U E A B O U T PA U L?
The more I can be honest with Paul as my
accountant, the more I definitely grow as
a business person.
CLICK HERE
TO LISTEN
to a CPA Australia
podcast with
Paul Luczak CPA
and Holly Rankin
CLICK HERE
TO BORROW
It Starts with
Clients from the
CPA Library