My favorite thing about busking is that people are like a river, always flowing by, so you never have to worry that someone is trapped listening to you if they don't like your music. I played an hour set at a bar recently and cringed the whole time, listening to the recording afterward, that those poor people were stuck with me for an hour!
Things to consider:
1) Money can blow out of a guitar case pretty easily. Bums will eye your case of money and wonder how they can get some of it, so if it's in a tidy container it's easy to steal.
2) Probably best not to let anyone play your guitar. Lots of horror stories out there.
3) Definitely set your phone on record so you can listen to yourself later. You'll learn heaps.
4) Don't overhydrate unless you have a buddy along. Hate to have to break down your whole rig to make a bathroom run.
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