Private-label work carries other risks, such as losing margins on your brands when retailers see you're producing similar goods cheaper for someone else.

FORBES: On The Cover/Top Stories

Kate has her detractors -- many Internet trolls label her work shy -- but I am surprised someone of Mantel's stature has joined in this pastime, attacking Kate for no apparent reason.

CNN: Opinion: Author's rant on Catherine 'mean and cheap'

If you aspire to one day work for a record label, read everything you can about every music exec you can.

FORBES: 3 Ways To Land A Career Mentor When You Lack Connections, Clout, Or Even A Job