Learn all you possibly can about business, as quickly as possible.
Many young musicians resist the idea that music is a business. To be more precise, music is a commodity, and like other commodities, is subject to the law of supply and demand. Your musical performances and recordings are products to be bought and sold.
As artists, we want freedom to create. The idea of not having a day job is part of why we want a career in music. The irony is we need to be the ultimate businessperson to achieve the creative autonomy we desire.
If you want a career in music, you had best accept the idea of being in the music business. There is no shame in asking for money. Money is but a token of the value you provide with your art. You need it to live. Andy Warhol said: “Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art.”
The freedom a music career offers is valuable, so your art must add value to the lives of others. That’s the nature of any successful business. So, learn everything about business, quickly. Read good books on it, as there are many. Don’t only study the music business, study business. And study the business of art.