OP:
How we feel about music and our own compositionsI feel fine.
I have always and continue to strive to do better than my last effort -- No matter the years of experience in relation to music, its a never ending learning cycle. Often, music (songs) is the least of my concerns but nonetheless, there's more to learn.
Its never easy trying to keep a band together and sticking to the same goals without any animosity, discontent at best. Good and bad luck happens, and you just can't predict the future (although to an extent, you can be cautious and plan ahead) or do something really stupid... So, the bass player and lead guitarist may actually end up in jail, that's an extreme scenario but nontheless an example of what could happen. When I was 17, the drummer in the band got a his 14 year old girlfriend pregnant. Their parents and local police was not impressed, the media had a field day. The guitarist got offered a very good paying job (manager for an computer network company), oh and the bass player was heading towards a mental breakdown. Anyway, the band's
last concert was at an outdoor music festival in Wingham (by the Manning River foreshore) in NSW, Australia.
Most musicians will probably need to balance their commitment to the band with school (or higher education) or having to work part-time in other jobs..... There is no guarantee that money earned from working with the band will always be flowing in (especially on a regular basis, year after year). Actually most bands break up after they realize they would have made more money by pursuing other endeavors that have (or entirely not have) anything to do with music.
I've been fortunate enough to have sat in many meetings with major label managers, A&R and publicist; No doubt,
Great Music alone isn't Enough.... they will question (a) targeted audience, (b) confidence / commitment and (c) marketing potential, like it or not they seem more concerned about those issues because (and back to square one) having great music alone isn't enough!
I would need 500 pages to cover this topic, oh well, at the end of the day its not only how we feel about the music and our own compositions; the band is happy enough about that, its more about...
where to go from there?.
I do know for example, one particular band that had won several music awards, wrote great songs, but at the end of their peak (which lasted four years) went down hill from there. One surviving band member lived the remainder (most of) his life in poverty. Another example, a highly renowned bass player invested money towards ownership of a really cool (and successful) music retail business, selling mostly guitars, amps, mics, drums and other accessories (strings, plectrums and such)!