1. The Better The Source, The Better The Recording. Think of your microphone as your ear. If something sounds bad to your ear, chances are it won't sound great in front of a mic. Making sure your source is the best it can be is the first thing to remember whenever starting a new project. That could mean a new set of strings, fresh drum heads, or having your vocalist do warm-ups before tracking. Remember that there's a lot you can edit out later on down the line, but there's a lot that you can't add if it's not naturally there.
2. Always Keep Spare Parts. Keeping basic items at your studio will always help keep things going smoothly when the inevitable happens. Stock a set of guitar strings (both electric and acoustic), some drum sticks, and always keep spare instrument and microphone cables on hand. You never know when your session will be saved because you came to the rescue! It also helps to be able to kindly suggest a new set of strings to the stubborn guitarist who showed up with old, dead strings on his axe.
3. Keep It Simple. I can't stress this last tip enough: keep it simple. One of the biggest and most common mistakes a new recording engineer can make is being too fancy. You'll waste a lot of time — and your client's money, if working for profit — by overdoing it in the studio. Examples of this include recording an instrument in stereo when a mono (single) track will do, doing too many vocal overdubs, or laying down too many guitar layers. Let the band's music speak for itself.
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