The smartest thing you can do in this business is get connected with a great agent to help you. Get connected with people who will form a family around you, or a moat.
Sentiment: POSITIVE
Talk to successful entrepreneurs. Learn about what they've experienced so you can avoid some of the pitfalls that come with wealth.
This is a business. Be smart. Choose wisely.
Know the business, learn the business, own something.
A lot of people in this business are born with money or family connections.
One thing I'd like to do is angel investing in small companies. That's what's exciting, and if you are lucky to have a bit of money, you can take those risks.
Any business either grows or dies. You've just got to keep growing.
Hire sales people who are really smart problem solvers, but lack courage, hunger and competitiveness, and your company will go out of business.
After a while, you want to sell a lot of records, win awards and touch as many people as you can, but you have to secure the foundation with your family. I'm a family man, but I'm a businessman, too.
Set your business plan to win; raise the bar or you're not going to be prepared. You need to think that what you're doing will make you $100 million.
The best piece of advice I've ever been given was, 'Be in the business you're in.' Don't just be a satellite around it and expect it to come to you. Be in the business you're in.