Let P.T. Barnum Be Your Guide To Business Ethics And Industry

Via Kotte.org is P.T. Barnum’s short book, Art of Money Getting. If you are like me in thinking Barnum said “there’s a sucker born every minute,” (he didn’t), you may be surprised at how forthright and industrious his advice is.

I was interested to note just how little has changed since 1880. Barnum’s first piece of advice is along the lines of doing what you love.

Unless a man enters upon the vocation intended for him by nature, and best suited to his peculiar genius, he cannot succeed. I am glad to believe that the majority of persons do find their right vocation. Yet we see many who have mistaken their calling, from the blacksmith up (or down) to the clergyman.

His second bit of advice is location, location, location.

Number 6 includes the value of failing early and often.

“…and he will find he will make mistakes nearly every day. And these very mistakes are helps to him in the way of experiences if he but heeds them. He will be like the Yankee tin-peddler, who, having been cheated as to quality in the purchase of his merchandise, said: “All right, there’s a little information to be gained every day; I will never be cheated in that way again.” Thus a man buys his experience, and it is the best kind if not purchased at too dear a rate.

Number 7, Use the Best Tools he applies to investing resources to retain the best employees, but Drew McManus also just talked about the same thing in a recent interview. Drew related it to not trying to skimp and get by on scaled down student or trial version of software

If you think it is difficult get your marketing efforts to connect with people amid all the things vying for their attention, Barnum says in 1880 a person has to be exposed to your ads or mention of your product/service seven times before they buy.

He has 20 rules in all that include many sound bits of advice like treating your customers well; being charitable; not gossiping; not falling prey to get rich quick schemes; preserving your integrity; working hard; being focused; having sound processes but don’t become enslaved to them; and being both hopeful and practical.

Barnum was definitely a showman and hard charging promoter that was eager to perpetrate hoaxes in order to make money. The more I read about him, the less smarmy he appears to be. He did a lot of work in public health and safety, for example.

There seems to be a tendency to blame him for random unattributed cons. The 2001 episode of The West Wing that claims he was able to sell white salmon by claiming it will never go pink in the can may actually be the first time his name is connected with an apparently widely cited, likely apocryphal, 100 year old tale.

Music To Repel, Redeem and Raze By

You have probably heard stories about how people blast classical music to scare drug dealers out of their neighborhoods, homeless out of train stations and teens away from convenience stores.

There was recently a story in the Wall Street Journal about a town in India that is using drummers to shame people into paying taxes.

Among my first thoughts were that it is pretty awful for a guy who has been playing drums since he was two to have his performance used to punish people. Thinking of my post yesterday, it occurred to me that this may be another manifestation of the disconnect between people who value the arts and those who see little value at all. Assumptions are made about the utility of the arts as well as about how undesirable elements of society will react when exposed to them.

There is a little more nuance to the story than that. The drummers play the same music they are hired to play at weddings and birthday parties. So as the article suggests, the drumming may indeed be more about calling attention to scofflaws than torturing them. (Though the classical music being blared in train stations to scare kids away is the same music chamber groups are hired to perform at weddings, so that isn’t proof in itself.)

Also the inclusion of the musicians is accompanied by an effort to create a safer environment. Often tax collectors are beaten up. The musicians and the collectors are accompanied by security guards bearing a banner with the city coat of arms.

On the other hand, since 1/3 of the population doesn’t pay their taxes, they assume the effectiveness of the drummers will wear off soon. They next plan to send transgender women, who are believed to be able to impose hexes on people, to perform mocking dances in front of houses. Again, using a group to shame others solely on the basis of their identity or practices makes me a little uneasy.

It is difficult to begrudge those who need money for their participation in efforts aimed to force social compliance.

It really does say something about the way the arts are perceived that people think it can be used in a prescriptive way to separate the desirable from the undesirable; improve cognition and behavior and a host of other things.

Would Walter White suddenly find stores and other places he frequented that played classical music repulsive after he started cooking meth and dealing drugs?

Of course not. If we have learned anything, its that every James Bond villain or psychopathic killer is attractive, cultured, loves classical music and wants to watch the world burn.

Clearly then, while classical music keeps riff-raff away from train stations and 7-11s, it attracts megalomaniacs to concert halls in droves.

Gives you second thoughts about Drew McManus looking so suave and sophisticated in the pictures on his orchestra consulting website, doesn’t it?

(Yeah, he only wishes he was filthy rich enough to have sharks with freakin’ laser beams attached to their heads.)

Maybe Art CAN Support Your Retirement

One of the more intriguing ideas I have written about here is the Artist Pension Trust. It was started 10 years ago with the goal of providing retirement benefits to the 2000 participating artists, each of which commit to “depositing” 20 works in the trust over 20 years. The trust then sells the works to provide benefits to the members.

When I first wrote about it 10 years ago, the plan was to evaluate the state of the trust at this year. According to a recent piece in the NY Times, the Trust decided to start disbursing funds, in part to reassure participants that it works.

Since its founding, the trust has evolved significantly. This month it will make its first distributions, rather than wait to make a large payout at the end of a 25-year period as originally planned, along the lines of a pension fund.

“This was built as a pension, but we decided to pay as we go along so people can see the model works,” said Al Brenner, a board member. “Also, it’s been 10 years, and in some cases it was right to sell. But we’re extremely cautious and don’t want to sell too soon.”

As I wrote two years ago, some of the participants have withdrawn over the years due to needing money, but the trust still has more applicants than it planned to accept and is looking into creating a new global grouping.

To put this in context, there are 8 regional groupings of 250 in which artists’ works are pooled, plus one global group of 628. So they are looking to accommodate more artists in a 10th group.

I was encouraged to learn that the Trust, recognizing that it has the capacity to provide additional services to artists, doesn’t solely see itself as a money making enterprise.

Along with changing its distribution plan, the trust no longer defines itself as a financial product but as a kind of artist cooperative, providing services as varied as free storage and transport, or a loans-and-exhibitions program that promotes the work of artists internationally.

Indeed, some artists have joined more for the community support than the financial advantages.

“I’m aware the ultimate goal is financial security for the future, but it’s not the reason why I joined,” said Alicia Paz, a Mexican artist who lives in London. “I’m more interested in the networking and the support structure for the now.”

Of course, the real validation of the concept won’t come for another 15-20 years when a large number of participants start to depend on the Trust’s distributions to support themselves in retirement.

This Radio Story Sounds Familiar

There is a really interesting piece on Slate telling an all too familiar story.

Seeing that the median age of its listeners has been creeping slowly up from 45 to 54, NPR is in the throes of trying to make itself relevant to…yes, you know this one…a younger audience.

In some respects NPR’s problem is worse than that of the non-profit arts. In one case, the person telling NPR’s Foundation they need to appeal to a younger demographic had, unbeknownst to them, been hired away by Amazon subsidiary Audible. He is only one of many that were hired away or choose to strike off on their own.

Just as there is a recurring conversation in the arts that they are too beholden to a narrow segment of stakeholders, NPR also finds itself conflicted between innovation and catering to the demands of its funding sources.

The tumult was touched off in late March, when an NPR executive announced that the network’s own digital offerings—most importantly, its marquee iPhone app, NPR One—were not to be promoted during shows airing on terrestrial radio.

The ban was widely viewed as proof that NPR is less interested in reaching young listeners than in placating the managers of local member stations, who pay handsome fees to broadcast NPR shows and tend to react with suspicion when NPR promotes its efforts to distribute those shows digitally. After the gag order was made public, dozens of public radio and podcasting people set about picking at an old scab—discussing, spiritedly, in multiple forums, whether the antiquated economic arrangements that govern NPR’s relationships with its member stations are holding it back from innovation.

I was totally unaware of the NPR One app but according to Slate author Leon Neyfakh, it is pretty awesome and replicates the car based NPR listening experience- “it makes me wish my commute to work was longer.”

If you have read or participated in any conversations about the problems faced by the arts, you will find that NPR is wrestling with many of the same issues: Trying to appeal to too wide an audience versus focusing on specific segments; losing audience to other media channels (podcasts in this case); addressing serious topics vs. providing entertaining content (which is not to say you can’t do both, but there are some serious topics that require a serious approach.)

In other respects, NPR is way ahead of the non-profit arts in general. They may be playing a little catch up with podcasts and losing talent to other companies, but they are gathering valuable data about their audience behavior via the NPR One app. One of the things they have learned is that people skip the serious news content fewer times than anything else. People see value in one of their core activities and they have the data to prove it.

Certainly thanks to the efforts of many research projects, the arts also have data about what audiences value. The data collection method just isn’t as nimble yet.

Since there are a number of NPR and aligned radio shows/podcasts that take to the road for live shows, I wonder if there is any opportunity for adoption/sharing/development of data collection techniques.