Managing Impulsivity is important in handling business in the entertainment industry. Sometimes we can want something so much and so bad until we don't give much forethought before acting. Being impulsive is based on emotions rather than intellect, which may lead to undesirable results. It may not be so bad to walk in a boutique store and decide to buy an item that is not that costly, but is a must have. We pay a price for the item, get home and decides that we shouldn't have purchased. We either keep or take back. Situations such as this will not alter our finances that much so we think it's no big deal. A few days or months later, we may walk in a car dealership and impulsively buy a car that we know is out of budget but we want so bad until we buy anyway. After the car is purchased our intellect kicks in and pokes us to think, and we know that we should not have done that. We can't return the car as easily as we could the item purchased in the boutique store. We have impulsively purchased a car that we can't justify because we already have a car, in good condition. Now we are stuck with a bill that could have been avoided if we had thought (forethought) about it prior to the purchase. Controlling impulsivity with simple things can have a major affect on controlling impulsive behavior on major things.
In the entertainment industry, you shouldn't act impulsively on anything. You have no idea how impulsive behavior can be so damaging to the careers of those you represent and your business. When impulsive behavior is portrayed it is a clear sign that you don't think before acting, and you are a prime candidate for being taken advantage of. When you are offered an opportunity that you believe are career breakers, still don't act impulsively. Allow yourself time to think on any situation, forethought will always be beneficial to you down the road. Start by allowing your instincts to kick in, think about the conversations, ask yourself questions, write down the things you don't understand, let it all marinate before acting. If it's a written agreement, take the time to read each line, and think carefully about the offer. Anything that is legally binding should be reviewed by an entertainment attorney. If you aren't able to afford an entertainment attorney, consult with a trustworthy person who has legal knowledge about contract law.
When I received my first contract, I was so excited and wanted so badly to move forward in fear that this opportunity might go away. The contract terminology looked like Greek; it was hard to understand the terms and conditions outlined in the contract. I knew it would be binding if I signed after all this would be binding to the client and not me, so I asked my supervisor at work to review it. This person was very knowledgeable about leasing contracts and although my contract was entertainment law I thought he would be a good person to guide me. I didn't know an entertainment lawyer and certainly couldn't afford one. After his review, I was told that the contract terms would take 70% of my client's fee. Signing was an absolute NO, NO. I had no desire to consent to this agreement whether it would be a career breaker or not; I proceeded to find an entertainment attorney. When handling the lives and careers of others, you can't act impulsively. You can't appear to be so anxious that you would sign at moment's notice. You can't afford to have the same people who offered the agreement to explain it, and you can't afford not to consult someone knowledgeable about entertainment law. If you do, the end results will not be good. Take the time to get the best offer, the best deal, the best agreement for those you serve.