+ Join our email magazine, Soundfly Weekly, a weekly review of the best in music learning and inspiration, all focused on helping you learn one new thing a week. In other words, tons more stuff just like this. Sign up here.
Then, you look at your profits. Any revenue from royalties, playing gigs, selling CDs, etc. To help you out, here is a sample Profit and Loss form. Feel free to edit it as needed or create your own!