I agree that it is written unclearly. One problem is the use of the word “possible” where he means “possibly”, but there are many more badly worded parts. This is what I think he’s saying:
Many people give up on writing songs before the songs are
finished because they don’t expect the songs to be good.
Most people are wrong about this, for one of two
possible reasons:
1. they are just being lazy and making up excuses for
not finishing
2. they are underestimating the quality of their work
because they're looking at an unfinished product; if
they saw how the finished product, they would think
it’s okay.
Therefore, you should finish writing your song, even if
it’s a ‘bad’ song, because in the end, it probably won’t
be bad after all.