cool point sea.if you do have the know how and the money to do it on your own and want to try it that way then definitely try.unfortunately not everybody has great business sense and contracts extend beyond just record labels.promoters and event managers want money,the PA system operators want money,roadies want money,everybody wants money.
places like the old mp3.com used to offer you something like $.01 or $.02 per play of your track.Sales of your cds were cut in half.For a $15 dollar cd,you get $7.50...it seems great if you can rack out the listens and get enough people to buy your cd's..a band on there called 303infinity did it and made over $300,000 in a matter of a couple years or so.It's just luck really I think.Being at the right place (a place where people want to hear your work and love to hear it and want more) at the right time (a time where the chance of sales are best for you and the contracts are as much in your favour as possible).
Just remember to read those contracts sea and you'll do fine
As for me,I can only wish enough people leap off a certain label I want on haha,makes it easier for me to get on.I think if the talent is there and you work out as good a contract as you can either way whether you're doing it alone or with a label,you're going to have ups and downs.Just to what degree,does a label tell you they want millions off you or does your distributor say they want more money for each cd or find a new distributor or what have you...I've found that once an artist starts to make alot of money,the people who were behind them all the way suddenly wish to renegotiate terms for money...meaning you a little less and them alot more.
this is my thought on some of it anyway...