When you think of celebrities’ lives and their success, definitely the amount of money involved holds a great interest in everyone’s mind. Success always counts first in the showbiz business compared to talent. When we discuss the success of celebrities, how can we miss the role of business managers like David Bolno, who are inseparable when it comes to shaping entertainers’ careers? Fasten your seatbelt as we explore the daily responsibilities of business managers like David Bolno.
Opening gates for better opportunity- Strategic Partnership
The business managers here act like strategic thinkers, not as mere number crunchers. They build relationships with brands, movie studios, and record labels. Interesting! David Bolno is one such manager who is doing all this together and even more! Consequently, he was among the top managers of The Hollywood Reporter’s ‘Top Business Managers List‘ for four years, from 2019 to 2022. Bolno, as we all know, has already worked with established names in the industry like Drake, Justin Beiber, Post Malone, William, and Pharrell Williams. His art of delivering strategic partnerships has always been at the top and is the main reason behind his popularity. He knows the right way to use the opportunity for his clients.
Financial Fortitude: Right Money Management
Celebrities have to maintain a lavish lifestyle in a way that never disturbs their financial stature. It is only possible with better financial planning, which we popularly call “Financial Fortitude.” It is beyond showbiz careers in any stream, and financial success, in the long run, depends completely upon business managers. These managers ensure that their high-profile clients’ money is managed properly. After handling their tax, investment planning, debt strategy, and expenses, they check that celebrities always make the right decisions while taking care of their wealth. Business managers here play the financial compass role, balancing the fancy lifestyle and financial future together.
Planning today and tomorrow of the Stars
Success may not remain forever, but stability is something that should never lag. Managers always plan their client’s future correctly. They plan for long-term savings, plan for their pension, buy their homes, and look for ways to manage their expenses when they are not that popular. David Bolno has all these qualities and has done all these planning for his several clients.
Mitigation of Risk: Keeping ways to protect the inherited talent
The show world is beyond the glamor and the set red carpet. It has several visible and hidden risks. The role of business managers is important here as they should know about the safety measures here. Whether we discuss negotiations, interests, contracts, or endorsement deals, David Bolno excels in it. He takes care of their clients’ industry pitfalls so they can focus on their art completely.
Crisis Management
Show business is always full of uncertainty, and here, careers are always at risk. Lawsuits, disasters, and scandals are all part of the risk. The right set of managerial skills can only help to fight against any crisis in their client’s life.
On & Off-Screen Brand Building
The roles of business managers are not restricted to the screen or performing stage; managers like David Bolno are always ready to help their clients. To increase the income sources and expand the client’s business scope, the business manager has to always work creatively. This is the reason you must have seen an actor running an accessories store or a musician having a clothing brand and more. It definitely adds to the financial stability of their clients.
Importance of Charity
The right brand manager also helps to add more to the celebrity’s popularity by ensuring they remain involved in the charity. The true meaning of success lies in the fact that they can convince the celebrity to remain active in charity, too, just like David Bolno, who is giving back in the form of the Employee Volunteer Program, Corporate Social Responsibility, and more.
To sum up
Brand managers are really an important pillar of any entertainment sector. They check that the stars always remain in the spotlight in one way or another. It also helps in building legacies at times. Which one is your favorite, by the way?
