When it comes to the music recording business, it is well known that musicians can rise to fame and lose all the money they have earned pretty fast. However, it seems that Jay-Z did not get this memo. His entrepreneurial vision and spirit have made him have an estimated net worth of $800 million over the years. How did he get there? Also, what can entrepreneurs learn from his successes? We will look at that below.
You Should Master The Art Of Hustling.
One of the things Jay-Z has been quoted saying is that without the work, there will not be any magic. He credits his success to having a soul of a hustler. Jay-Z is a go-getter, he would lock himself in a room with his friend Jaz for hours to work on his rapping technique and not losing his sight on his dream of being a rapper. It is through this that he became one of the greatest rappers of all time. He works hard on his crafts and his businesses. He was inspired by his mother’s hard work who raised four children single-handedly. Therefore, it is vital to know how to hustle if you are in business since you will not be successful overnight.
Help Yourself First.
People will only help you if you help yourself first. If they see that you are pursuing your goal relentlessly, then they will be more willing to help you out. Jay-Z’s mother, after seeing him play some tunes on the kitchen table, bought him a boom box as a birthday present. This would not have been the case if he had been silent and not practising even when he did not have any instruments. It is, therefore, necessary to show passion in what drives you and stick on that path; you will find people willing to help you to achieve your goals.
Experience Is Key.
You do not need the education to make it in the business world, experience, on the other hand, is vital. Jay-Z founded companies that are worth more than $100 million and has also been Budweiser Select’s co-brand director. These experiences made him a top entrepreneur and a businessman. It should be noted that despite all these successes, he did not attend any business school. He learnt all the skills from the streets that he was in. Through that, he discovered how to manage and promote a business from scratch. He also knew how to makes sales from these streets which were vital for his role as an entrepreneur. It is therefore seen that experience knocks open more doors for you as an entrepreneur than education so one should ensure that they gain all the relevant knowledge they need in their line of work.
Take Rejections Positively.
You are bound to face many rejections before you make it in any business. Jay-Z tried to get deals from many labels but was rejected. That did not, however, make him lose hope. He dusted himself up and founded his label, Roc-A-Fella Records and later, a second one, Roc Nation. Iceberg Apparel had also offered him an endorsement that was paying him a small amount of money yet he boosted their sales to a large extent. He instead founded his clothing line and sold it after ten years grossing about $200 million. Isn’t that a success? Jay-Z did not let rejections deter his spirit. He bounced back and shone brightly. As an entrepreneur, you can either make these rejections destroy you or rise and turn them around to be successful. The ball is in your court.
Be A Trend Setter.
In 2009, auto-tune was the biggest trend in the United States. Jay-Z, however, decided not to follow this popular trend and carve out his path. He later introduced his style in a hit single that was called, ”Death Of Auto-Tune”. It was a style that defined him as a person, and he believed in himself enough to do it. From this, we can learn that it is more vital to follow what you are passionate about than just following the trends in society.
Jay-Z is a success, in business and his music. All of these can be accredited to his vision, discipline and also taking risks. He continues to inspire the business world and also be a challenge to us. We should incorporate some of his moves as seen above to succeed as entrepreneurs.