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Success Advice

10 Well Known Musicians Who Are Brilliant Entrepreneurs

Joel Brown (Founder of Addicted2Success.com)

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Some may believe that being a rock star doesn’t involve much brains and intellect however if you really think about it, being able to make music is something that requires ample creativity, motivation and  determination. These three ingredients are also key  to becoming a successful businessman and entrepreneur.

Here are 10 musicians/bands who, in addition to faring well in the brave new world of the 21st century music industry, all have a gift for making good business decisions.

Entrepreneur Musicians

 

  1. The Eagles

    In 1977, lite cowboy and cocaine rockers the Eagles went to court to gain control of their music publishing from their former manager and Asylum Records label head David Geffen. From the very beginning of their career, Eagles founders drummer Don Henley and guitarist Glenn Frey never pretended to be anything but ambitious, and they backed up their ambitions with a string of hit singles and albums. By the mid-’70s, the Eagles were selling one million albums a month, and playing hardball with their label and live concert promoters, receiving whatever they demanded as a percentage of gate ticket sales.

    The Eagles won their suit against Geffen and regained control of their publishing, worth tens of millions of dollars. But success has had its cost. The band’s cynicism about the music business, not to mention women and their own fans, comes through loud and clear in the lyrics to several of their hit songs. And while Eagles continue to tour, selling out stadiums is difficult to do thanks in part to our current economy.

     

  2. Jay-Z

    A child of the Marcy Houses housing project in Bedford-Stuyvesant Brooklyn, Shawn Carter, better known as “Jay-Z,” went from releasing his first recordings on his own label, to becoming one of the most successful hip-hop artist entrepreneurs of all time. Jay-Z’s empire includes stakes in the 40/40 club chain, the New Jersey Nets basketball team, the clothing line Rocawear, and the Roc Nation label.

    He recently launched a lifestyle website, Life + Times, to help perpetuate the notion of Jay-Z as a brand. “My brands are an extension of me,” Jay-Z has said. “They’re close to me. It’s not like running GM, where there’s no emotional attachment.”

     

  3. Trent Reznor

    Nine Inch Nails, formerly on Interscope Records, are among a handful of top-selling artists, who have recently chosen to manage and release their music themselves instead of under the auspices of a major label. Nine Inch Nails front man and mastermind Trent Reznor is currently exploring a variety of ways to finance and perpetuate the Nine Inch Nails “brand,” including allowing fans to video tape concerts, and releasing recordings, sometimes for free or pay what you will, under a Creative Commons license, allowing for remixes of the material.

    “There’s a lot of opportunities I think to make money,” says Reznor with regard to Nine Inch Nails and its website. “But it shouldn’t always be about just making money.”

     

  4. Madonna

    Madonna’s net worth has been estimated to be between $525 million and $600 million. Early on in her career, she had a strong sense for business and, perhaps more importantly, took care of herself physically by exercising and avoiding drugs and alcohol. The scope of her talents, which include singing, songwriting, fashion designing, dancing, and acting, is mind blowing, linking her to other great multifaceted female entertainers, like Josephine Baker, Judy Holiday, and Marilyn Monroe.

    However, in spite of her reputation and skill at artistic appropriation, Madonna’s accomplishments in the music industry as a woman, including creative and financial control of her brand, are unprecedented.

     

  5. Katy Perry

    It’s safe to say that without Madonna, there would be no Katy Perry, although the two so far have yet to collaborate or, perhaps more surprisingly, share a smooch or two. Perry’s estimated net worth, $44 million, seems a paltry sum compared to the Material Girl’s moola.

    However, according to Vanity Fair, Perry “reinvests money in her concert production, thinks before chartering a private plane, and isn’t frivolous about buying clothes…” As a singer, songwriter, entrepreneur (she has her own line of perfume), and once again (thankfully) single woman, Perry is only just getting started.

     

  6. Bob Dylan

    One recurring character in the lives of successful rock musicians is an aggressive, bullish manager, and for singer-songwriter Bob Dylan, Al Grossman was exactly that kind of a manager. Grossman began managing Dylan after he’d already achieved significant success in the folk music community. But Dylan had ambitions bigger than being the world’s best-loved folk singer.

    In his book, The Mansion on the Hill, Fred Goodman writes, “Grossman’s greatest achievement … was creating a commercial environment in which his clients could make a lot of money but preserve their integrity.” Dylan has since continued to successfully navigate the world of business and art, recording and touring at a pace of a musician half his age.

     

  7. The Grateful Dead

    The Grateful Dead have always understood and cultivated the power of visual branding, although the band members would like you to believe otherwise. “You didn’t want to turn the Dead into a knickknack trinket business,” drummer Mickey Hart said when asked about past proposals for merchandising.

    In the coming years, Grateful Dead logos will appear on several new merchandise items, including coffee mugs, luggage tags, lunch boxes, and skateboards. Their upcoming merchandising blitz, which includes an elaborate online video game, will give birth to a new generation of Deadheads.

     

     

  8. Dolly Parton

    OK, so Parton isn’t a rock musician, but country and early rock and roll are close like kissing cousins, so we think she belongs on this list. Parton’s business acumen is formidable, and probably underestimated, perhaps because of her blond, bubbly, and buxom public image. She has been called the wealthiest country music star, with an estimated net worth of $450 million dollars. Her songwriting has yielded huge hits, including “I Will Always Love You,” sung memorably by the late Whitney Houston.

    Dolly Parton’s business ventures include a film and television production company and the Dollywood theme park, located in Tennessee, which hosts approximately three million visitors annually. Not bad for someone who grew up “dirt poor” in a one-room cabin.

     

  9. Arcade Fire

    When Arcade Fire took home the 2011 Grammy for Album of the Year, plenty of people watching the televised broadcast wondered aloud, “Who the hell is Arcade Fire?” This still relatively young band, lead by the husband and wife duo of Win Butler and Régine Chassagne, remains signed to Merge Records, an independent label that supported them from the very beginning. “In the mainstream music business,” says music executive Danny Goldberg. “Merge is widely respected, not only because they signed Arcade Fire, but because they held on to them.”

    Arcade Fire has achieved unprecedented success for a so-called “indie-rock band” by keeping their overhead manageable, retaining control of their music and masters, and using the Internet to promote their music and connect to their fanbase.

     

  10. Jack White

    Singer, songwriter, guitarist, drummer, actor, and producer (whew!) Jack White is another example of a young musician operating successfully outside the major record label model. At 15, White, who in addition to playing guitar had seriously considered entering a seminary, began an apprenticeship upholstering furniture.

    Jack White’s eye for design and creative marketing would serve him as one half of the duo The White Stripes, known for their red, white, and black color schemes, as well as for their Detroit-inspired interpretations of rural and electric blues. White’s Nashville-located Third Man Records is home to a vinyl record store, a photo studio and dark room, and a live venue with an analog recording booth. Its website boasts that Third Man Records “strives to bring a spontaneous and tangible aesthetic back into the record business.” Amen, brother!

     

Article By: Roxanne McAnne

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 100 million lives in the last 6 and a half years.

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5 Comments

5 Comments

  1. chriskloehn

    Feb 6, 2014 at 8:10 pm

    WILL.I.AM

  2. dj

    Aug 15, 2013 at 8:35 pm

    Rolling stones

  3. 84e

    Jan 14, 2013 at 4:43 pm

    What about KISS?

  4. Bruce fan

    Dec 3, 2012 at 5:58 pm

    What about Bruce Springsteen and the E Street band,
    Bon Jovi, Beatles???

  5. money

    Apr 13, 2012 at 6:35 pm

    love what your doing with your website it has helped me a lot recently but surely p diddy (500 million) and lady gaga have to be mentioned on this lol

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

3 Important Principles You Need to Know That All Billionaires Have in Common

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I’ve always been highly interested in the similarities amongst the world’s wealthiest. Their habits, successes, mindset, and failures have fascinated me. The journey to great prosperity can seem overwhelming, but if you apply success principles to any endeavor you can quickly and efficiently overcome challenges and expand.

Michael J. Gabrielli, founder of WeRunAds, has spent hundreds of hours and tens of thousands of dollars studying billionaires and their habits. Michael has also studied over 2000 different billionaires and from this experience he’s found three principles they all had in common.

Here are the 3 principles the billionaires all had in common:

1. Be in a rapid growth industry at the right time

Timing is so important. Billionaires know when the time is right to enter a market. Most billionaires do not enter first or second into a market because of the inherent risks involved. Many billionaires let the pioneers pave the way and then leverage the knowledge gained to innovate and optimize in order to create something that works.

The key is to find an industry that is soon to take off. Stepping in at the right time is important. Let’s take a real life example that is known all too well– the founder and CEO of Facebook, Mark Zuckerberg. When he entered the scene, the idea of a social network was moderately known, but it was still not quite predicted to be the monster it is today.

Others like Friendster, Myspace, etc. had made some headway into this fledgeling industry and then Facebook entered leveraging the knowledge and expertise gained from the early pioneers. Zuckerberg saw the huge potential of social networking, took what was done previously and made it better.

He is presently worth over $66 Billion and the company has surpassed the 2 billion users mark with 1.4 billion using the platform daily. Not surprisingly, many billionaires were not the first to pioneer the industry they would later find success in. They came in at the right moment, learned from the mistakes and triumphs of their predecessors, and made a lasting final product.

Here’s a practical 3 question exercise you can do to judge if you have the right timing with your current venture:

  1. Look at your industry and say—is this brand new?
  2. Am I trying to invent something that doesn’t exist?
  3. Am I too late to the party?

2. Position yourself better

In addition to finding the right industry and getting in at the right time, billionaires position themselves in the best way. They provide the solution to the need and they think outside the box to do it. Optimal positioning is a commonality amongst billionaires. For example, during the California Gold Rush, people rushed to mine for the gold itself blinded by the promise of large profits.

However, it turned out that Sam Brannan had the better idea for how to position himself for success. He knew the chances of finding gold were risky, so instead he committed to a sure thing. He manufactured the tools that were needed by all the miners to mine gold. As each new miner migrated West, they were happily met by Brannan and his company who were ready and waiting to sell these new hopefuls the shovels and tools they’d need to strike it rich.

Digging for gold seemed to be the most profitable route, however, greater returns were yielded in the supplying of materials required to mine for gold! A good company that also illustrates this concept is Microsoft. They did not seek to create their own computer, but the software that computers would run on. Most people mistakenly think they have to “go for the gold” to attain wealth, but it’s evident in history that selling the necessary tools to the gold miners can be far more profitable.

The two questions you need to ask yourself to see how you could position yourself correctly are, “What industries will need the supplies that I could provide? And, “Am I following the trend instead of innovating?

“Big shots are only little shots that keep shooting. I can see your sun rise out of obscurity. Keep shooting” – Ikechukwu Joseph

3. Take calculated risks

Most people choose the safe bet that is secure, however, this is not common among billionaires. Billionaires take big calculated risks in order to propel themselves to higher levels of influence and success. The most important thing to note here is that while to others the risks seem big—to billionaires, they are calculated.Risk and Calculated Risk are not the same. Calculated risk is measured and well-thought-out. Risk is impulsive and immeasurable. Understanding the difference between the two is a commonality among billionaires. The world’s most prominent figures have at some point in their lives disagreed with the ordinary and took a shot at the unknown. Proper calculation and clever thinking certainly accompanied the bold moves they made in their careers.

Howard Schultz, the CEO of Starbucks, is a great example of this. He had grown up in poverty and made his way out to earn a comfortable wage as an executive at a company that manufactured coffeemakers.

“Risk more than others think safe.” – Howard Schultz

He risked it all when he discovered a small coffee shop named “Starbucks” in Seattle that prompted him to quit his job and step out to create a company that was inspired by the Italian coffee culture and personal relationship people could have with their coffee.

Of the 242 people he spoke to, 217 said no to investing with him. Despite the discouragement, lack of agreement, and investment, Schultz kept pushing on. Fast forward to present time, and Starbucks’ is a massive success. Strong intuition and unshakeable belief is common among high achievers. Many successful billionaires risked their safe jobs, personal assets, and even their reputation to take calculated risks that they knew would pay off huge in the end.

The questions you need to ask yourself now are, “where can I take a calculated risk? Am I holding back when I should be going forward? What tangible steps can I take today to move forward?”

These 3 success principles are staple elements that are common among many billionaires. Now, there are more principles that you must discover and implement in order to become a billionaire. Work diligently and do all that can be done each day. Be inquisitive and study those that you wish to emulate.

Which one of these principles do you need to work on more this year? Let us know in the comments below!

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Success Advice

One Question You Must Answer to Ensure Personal Success

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I don’t believe in quick fixes, in get-rich-quick schemes, or any other system that guarantees instant success with only a modicum of effort. But, I do believe it’s possible to condense great strings of logical thought and intellectual algorithms into basics. I like to keep things simple! Many of my clients love the fact that I don’t overly complete things, and frankly, so do I! I like to ask simple questions whose answers can be had quickly but require some focus in obtaining the outcome.

Here’s the question I always ask: What is standing between your current reality (where you are now) and your ultimate vision (where you want to be)? Are the impediments psychological, physical, emotional or some other reason?

Until you answer what is causing the difference between your AS IS and your SHOULD BE, you will be stuck spinning your wheels in the mud and the muck of the former. This is an important question that requires a level of mental self-examination. And the answer to this question may require a lifetime of introspection. It is an important question to answer because if you know where you want to go that provides direction but examining why you are not there yet can provide momentum. (In other words, by answering the question it may get you there faster!)

“Success is not final; failure is not fatal: It is the courage to continue that counts.” – Winston S. Churchill

It’s just like following a road map. A map is useless unless you know two things, where you are, and where you want to go. What might be stopping you (or at least slowing you down) from the ultimate destination of your passion and life’s fulfilment?

I’ve asked many people about this over the years and have heard these four reasons that keep people from moving forward.

1. Lack of vision

How do you plan to get there, if you don’t know where “there” is? The most difficult undertaking in the world is to sit quietly with a blank sheet of paper and chart out your life. I know, I have many blank sheets of paper to prove it. However, I also found out that it only takes one sheet, with a few well-crafted lines of thought to give you the direction you need. But you need to start!

2. Lack of goals

So, you know where you want to go, you just don’t know how to get there. The second hardest thing in the world is to have a sheet of paper with your ultimate destination on top, and the rest blank as you ask yourself, now what or how do I get to my vision? The process of functional decomposition means breaking down the larger process into steps that are both actionable and motivational. In other words, the steps are small enough to do and you remain motivated because they are so small.

“Successful people do what unsuccessful people are not willing to do. Don’t wish it were easier; wish you were better.” – Jim Rohn

3. You don’t believe you can get there

You want to, but there is a script running through your head telling you to go home, make some chicken soup and don’t leave the house until these foolish notions of greatness are gone. Think about it, your parents never did what you are trying to do, no one in your family has ever done it, you are far too old (or too young) to do that, you don’t have the right education…your rationalizing can go on for a lifetime! Here is my suggestion when it comes to running those self-deprecating scripts: STOP IT!

4. You are lazy

You won’t admit this to yourself, but perhaps you are just plain lazy. I’ve seen it so many times; individuals majoring in minors. Performing high fun, low payoff activities instead of the low fun, high payoff activities. (And, by the way, who ever said that a high payoff activity can’t be fun? There’s that darn script again.) As a species we are inclined to take the path of least resistance, but that path may not lead us to our vision, but you must admit, we are having a great time NOT moving toward our vision! Laziness is not “doing nothing.” It’s doing the wrong thing because that’s what you want to do, and, very often, we know it’s the wrong thing to do!

There you have the four possible things that might be holding you back from the realization of your vision. Are any of them hitting home? Answer this question before you move on:

What is standing between my current reality and my ultimate vision of success?

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Success Advice

4 Character Traits Blocking Success From Entering Your Life

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Some days you wake up full of energy and ready to face the day. The challenges you gave yourself the day before seems almost too easy. However, there are also other days where you find yourself without the desire and energy to move forward. Operating from this mindset, you lose productive time, counted first in minutes, then hours. Sometimes your loss of productivity can be measured in days, weeks and months of missed opportunities.   

Since you will not wake up every day bursting with excitement, you must find a way to summon the energy necessary to pound out another story for a publication, work on your social media content plan and write new copy for your website.

To understand why you are unable to take the actions required for success, you must first identify what blocks you. You can’t overcome challenges you aren’t aware of, and this is the juncture separating those who succeed from those who don’t.

Here are the four main character defects that block success:

1. Apathy

Apathy is exhibited as a lack of concern. It shows up when you are tired or stretched too thin. Many entrepreneurs work one or more jobs while attempting to launch a business, whether online or brick and mortar. When progress can’t be seen, it is easy to stop caring and give up.

2. Procrastination

Procrastination can occur when you get up ready to give all you’ve got to your endeavor, but first you check out an episode of your favorite Netflix show while you have coffee. After eight hours of binge-watching, your productive mindset is gone which leaves you demoralized. This in turn brings you back to apathy, triggers fear and causes more procrastinating.

3. Fear

Fear is a corrosive emotion everyone struggles with, and if you are not careful, it will absolutely stop you in your tracks. Fear will say you cannot obtain your dreams. The most successful entrepreneurs and business leaders grapple with anxiety, worry and apprehension, yet you rarely see them paralyzed by their fearfulness. Like them, you can’t defeat your fear unless you identify it. With an insightful mentor, you can easily determine what you are afraid of. Once it is recognized, you’ll find the strength to walk through it.   

“Curiosity will conquer fear even more than bravery will.” – James Stephens

4. Overwhelm

Overwhelm occurs when you commit to more than you are capable of doing. Balance and giving the appropriate amount of time to all aspects of life is a tremendous challenge. Have you found yourself overwhelmed when a friend asks a favor of you while you are trying to meet a deadline at work and maintain focus on your entrepreneurial side project? Do you worry how you’ll ever find the time to get it all done? Often when this occurs, we may mentally shut down and accomplish nothing.

To counter the deficits listed above, you must identify, then develop the opposite, positive traits necessary for success. It’s important to understand the “why” of each attribute because only then can you fully tap into the power they offer to help you accomplish your goals.

Here are the four traits to counter the above traits with:

1. Purpose

Purpose gives voice to why you are alive. It tells you and others what you are working toward and why. Living out your purpose is the single greatest weapon against apathy. Knowing your purpose gives you a standard with which you can measure your progress. It motivates you to think, act and ultimately, to succeed.

2. Action

Action is the opposite of procrastination. When your effort is focused on achieving an objective, action propels you forward. Breaking a large project down into small, manageable steps, you’ll gain the needed traction to successfully reach your goal!

3. Courage

Courage is built by first facing, then walking through your fears. Courage gives you strength to do what you think is impossible. Developing a relationship with a mentor, someone willing to tell you the truth about what they see, is crucial to success in this area. With help, you can first identify, then make the adjustments necessary to identify and release the fear blocking you.

“Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston S. Churchill

4. Focus

Focus is the final attribute. What you give your attention to is the single most important factor influencing your success. You become what you focus on. When you focus on your purpose, take the necessary actions and develop the courage to bust through, you win!

This is not an all-inclusive list, it’s simply a starting point. As you tackle and overcome your grosser defects, the subtler ones will begin to surface. Slowly, with help from your trusted mentor, you will work and grow through these challenges.  

As you become stronger, you’ll be able to withstand additional demands. You meet them head-on with the new skill set you’ll develop as you let your old ones go. You will be more effective, positive and energetic along with ready to take any action necessary. You are a winner!

Which one of the character traits above do you need to focus on most in order to achieve success? Let us know in the comments below!

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Success Advice

6 Important Decisions to Make to Have a Successful Career

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Would you rather paint your bedroom blue or beige? What is your usual coffee go-to order: a mocha or a macchiato? Should you take the bus or the train to work today? Decisions are everywhere. They are the ones behind our choices and the ones behind all consequences that we face for those choices.

Life is riddled with decisions at every intersection, and some say that those who are the best decision-makers can actually make the most of their time on this planet. Sure, inspirational and spiritual speakers have a lot to say when it comes to the matters of fate, luck or destiny, but only the successful know that a man is truly capable of shaping their own as per their choices.

From choosing on whom to delegate that difficult task to knowing when to bring up a tricky topic during a meeting with shareholders, decisions have the potential to shape your careers as well. If you have been wondering about the ways that you can improve your career, you can consider bringing in some smart decisions in your life right now.

What are the decisions that can help you have a successful career? Since decisions play such a huge role in shaping our lives and careers, you may wish to pick up a few that help you scale higher in your career as well.

Here are 6 of the most important decisions to bring into your life today so that you can take your career to newer heights:

1. Put your goals on paper

Sure, it’s great to have goals for your career, but simply letting them wander about in your mind is not going to help you achieve them, you know. That is why you need to have a list of goals that you have set for yourself – on paper.

Maintain a journal (virtual or offline, whichever works for you) that enlists your career objectives and goals according to short-term and long-term ones. For example, you can put upskilling in short-term goals and moving to a higher managerial position by the end of three years as a long-term goal.

Establish parity in the short-term and long-term goals so that you can synthesise them when the time comes. Jotting down the objectives will help you have a clear idea of where you stand and the way that you should go to bring about the positive changes in your career.

2. Bring in a daily dose of positivity

Let’s face it, all of us have encountered setbacks in our professional lives. The most important lesson to take from those setbacks is to never become pessimistic about what you can achieve. Positivity has helped many to soar the skies when it comes to their careers, and with a conscious decision to eliminate all sorts of negative thoughts from your mind can help you in doing the same too.

You will find a bunch of success stories that all start and end with how important it is to persevere in the face of adversities and letting your positive aura shine through in dark times. One of the smartest things that you can thus do for your career is to decide to chuck all negativity (as well as toxic acquaintances) that make you doubt your abilities and pull you down.

“Growth is never by mere chance; it is the result of forces working together.” – James Cash Penney

3. Hone your writing skills

No matter which industry you belong to, an impressive writing style in this fast-paced age of digital communication truly has the power to take you places when it comes to becoming more successful in your career.

The blessing that is the web has brought on a range of online tools and resources that you can put to good use for improving your writing skills. If you need to review your official documents and emails, then try online tools to edit and proofread your documents efficiently. You can also use online tools and tutorials to pick up tricks that help you sharpen your writing and make it devoid of common mistakes we all prone to making.

4. Upskill yourself proactively

Whether it is learning to code or taking up creative writing classes, you should decide to upskill proactively throughout your career. Upskilling has benefited more than one, and when the time comes for a job switch to move on to better prospects, you can always leverage the additional skills picked up earlier. As we move towards a faster and more digitised work sphere, it is best to attune oneself to the latest trends and in-demand skills of your industry and beyond to make sure that you are prepared when it is time to take the plunge.

5. Reflect on each day

When you are at work, the days seem to go by in a dizzying blur, leaving you breathless from the sheer pressure of work and tasks that you have to manage throughout the day. Deciding to spare time for yourself despite your busy schedule ensures both personal and professional growth, as leading psychologists opine.

Treat each day as a lesson, and you will end up with a long list of things that you learnt from each of them as they went by. An excellent way to do this is to keep a journal, but if you do not feel up to writing at the end of the busy day, you can always unwind while listening to your favourite music and reflect on the day that was.

6. Pick up a healthy lifestyle

Lastly, it is important to decide to be healthy and fit for only by that will you be at your productive peak to help you achieve all that you want to in your professional sphere. Devote some time to exercise every day and have a healthy diet.

You are sure to find many benefits of having a healthy lifestyle when you rise and shine to go to work with renewed vigour every day that helps you create innovative designs or brainstorm for killer marketing tactics. You never know which hidden potential of yours gets unlocked by facing work with a positive and beaming attitude every day, so why not take a leap of faith?

“Strength and growth come only through continuous effort and struggle.” – Napoleon Hill

Staying ahead of the competition, working overtime, managing piles of emails and getting stuck in the daily conundrums of work may sometimes leave you wondering as to where it is that you are headed when it comes to your career. Cruise through your career like a pro as these six decisions present a world of benefits for your personal and professional growth.

What decisions have you made that have helped you grow professionally? Comment below!

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Success Advice

3 Important Principles You Need to Know That All Billionaires Have in Common

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billionaires
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I’ve always been highly interested in the similarities amongst the world’s wealthiest. Their habits, successes, mindset, and failures have fascinated me. The journey to great prosperity can seem overwhelming, but if you apply success principles to any endeavor you can quickly and efficiently overcome challenges and expand. (more…)

Rob Fajardo is 23 year old Thought Leader from NJ. He founded a brand called Leave Normal Behind, a content, community, and events hub for purpose driven people. The mission of LNB is to bring together purpose driven people and inspire them to become the best versions of themselves by creating things that matter and encouraging others to do the same. He is also the viral marketing mastermind behind fidget spinners (check @fidget360 on IG) and helped Gerard Adams, Co-Founder of Elite Daily, establish the executive team at Fownders responsible for building the Seed-2-Scale program there. If you want to get connect with Rob you can email him rob@leavenormalbehind.com.

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5 Comments

5 Comments

  1. chriskloehn

    Feb 6, 2014 at 8:10 pm

    WILL.I.AM

  2. dj

    Aug 15, 2013 at 8:35 pm

    Rolling stones

  3. 84e

    Jan 14, 2013 at 4:43 pm

    What about KISS?

  4. Bruce fan

    Dec 3, 2012 at 5:58 pm

    What about Bruce Springsteen and the E Street band,
    Bon Jovi, Beatles???

  5. money

    Apr 13, 2012 at 6:35 pm

    love what your doing with your website it has helped me a lot recently but surely p diddy (500 million) and lady gaga have to be mentioned on this lol

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

3 Important Principles You Need to Know That All Billionaires Have in Common

Published

on

billionaires
Image Credit: Twenty20.com

I’ve always been highly interested in the similarities amongst the world’s wealthiest. Their habits, successes, mindset, and failures have fascinated me. The journey to great prosperity can seem overwhelming, but if you apply success principles to any endeavor you can quickly and efficiently overcome challenges and expand.

Michael J. Gabrielli, founder of WeRunAds, has spent hundreds of hours and tens of thousands of dollars studying billionaires and their habits. Michael has also studied over 2000 different billionaires and from this experience he’s found three principles they all had in common.

Here are the 3 principles the billionaires all had in common:

1. Be in a rapid growth industry at the right time

Timing is so important. Billionaires know when the time is right to enter a market. Most billionaires do not enter first or second into a market because of the inherent risks involved. Many billionaires let the pioneers pave the way and then leverage the knowledge gained to innovate and optimize in order to create something that works.

The key is to find an industry that is soon to take off. Stepping in at the right time is important. Let’s take a real life example that is known all too well– the founder and CEO of Facebook, Mark Zuckerberg. When he entered the scene, the idea of a social network was moderately known, but it was still not quite predicted to be the monster it is today.

Others like Friendster, Myspace, etc. had made some headway into this fledgeling industry and then Facebook entered leveraging the knowledge and expertise gained from the early pioneers. Zuckerberg saw the huge potential of social networking, took what was done previously and made it better.

He is presently worth over $66 Billion and the company has surpassed the 2 billion users mark with 1.4 billion using the platform daily. Not surprisingly, many billionaires were not the first to pioneer the industry they would later find success in. They came in at the right moment, learned from the mistakes and triumphs of their predecessors, and made a lasting final product.

Here’s a practical 3 question exercise you can do to judge if you have the right timing with your current venture:

  1. Look at your industry and say—is this brand new?
  2. Am I trying to invent something that doesn’t exist?
  3. Am I too late to the party?

2. Position yourself better

In addition to finding the right industry and getting in at the right time, billionaires position themselves in the best way. They provide the solution to the need and they think outside the box to do it. Optimal positioning is a commonality amongst billionaires. For example, during the California Gold Rush, people rushed to mine for the gold itself blinded by the promise of large profits.

However, it turned out that Sam Brannan had the better idea for how to position himself for success. He knew the chances of finding gold were risky, so instead he committed to a sure thing. He manufactured the tools that were needed by all the miners to mine gold. As each new miner migrated West, they were happily met by Brannan and his company who were ready and waiting to sell these new hopefuls the shovels and tools they’d need to strike it rich.

Digging for gold seemed to be the most profitable route, however, greater returns were yielded in the supplying of materials required to mine for gold! A good company that also illustrates this concept is Microsoft. They did not seek to create their own computer, but the software that computers would run on. Most people mistakenly think they have to “go for the gold” to attain wealth, but it’s evident in history that selling the necessary tools to the gold miners can be far more profitable.

The two questions you need to ask yourself to see how you could position yourself correctly are, “What industries will need the supplies that I could provide? And, “Am I following the trend instead of innovating?

“Big shots are only little shots that keep shooting. I can see your sun rise out of obscurity. Keep shooting” – Ikechukwu Joseph

3. Take calculated risks

Most people choose the safe bet that is secure, however, this is not common among billionaires. Billionaires take big calculated risks in order to propel themselves to higher levels of influence and success. The most important thing to note here is that while to others the risks seem big—to billionaires, they are calculated.Risk and Calculated Risk are not the same. Calculated risk is measured and well-thought-out. Risk is impulsive and immeasurable. Understanding the difference between the two is a commonality among billionaires. The world’s most prominent figures have at some point in their lives disagreed with the ordinary and took a shot at the unknown. Proper calculation and clever thinking certainly accompanied the bold moves they made in their careers.

Howard Schultz, the CEO of Starbucks, is a great example of this. He had grown up in poverty and made his way out to earn a comfortable wage as an executive at a company that manufactured coffeemakers.

“Risk more than others think safe.” – Howard Schultz

He risked it all when he discovered a small coffee shop named “Starbucks” in Seattle that prompted him to quit his job and step out to create a company that was inspired by the Italian coffee culture and personal relationship people could have with their coffee.

Of the 242 people he spoke to, 217 said no to investing with him. Despite the discouragement, lack of agreement, and investment, Schultz kept pushing on. Fast forward to present time, and Starbucks’ is a massive success. Strong intuition and unshakeable belief is common among high achievers. Many successful billionaires risked their safe jobs, personal assets, and even their reputation to take calculated risks that they knew would pay off huge in the end.

The questions you need to ask yourself now are, “where can I take a calculated risk? Am I holding back when I should be going forward? What tangible steps can I take today to move forward?”

These 3 success principles are staple elements that are common among many billionaires. Now, there are more principles that you must discover and implement in order to become a billionaire. Work diligently and do all that can be done each day. Be inquisitive and study those that you wish to emulate.

Which one of these principles do you need to work on more this year? Let us know in the comments below!

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One Question You Must Answer to Ensure Personal Success

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I don’t believe in quick fixes, in get-rich-quick schemes, or any other system that guarantees instant success with only a modicum of effort. But, I do believe it’s possible to condense great strings of logical thought and intellectual algorithms into basics. I like to keep things simple! Many of my clients love the fact that I don’t overly complete things, and frankly, so do I! I like to ask simple questions whose answers can be had quickly but require some focus in obtaining the outcome.

Here’s the question I always ask: What is standing between your current reality (where you are now) and your ultimate vision (where you want to be)? Are the impediments psychological, physical, emotional or some other reason?

Until you answer what is causing the difference between your AS IS and your SHOULD BE, you will be stuck spinning your wheels in the mud and the muck of the former. This is an important question that requires a level of mental self-examination. And the answer to this question may require a lifetime of introspection. It is an important question to answer because if you know where you want to go that provides direction but examining why you are not there yet can provide momentum. (In other words, by answering the question it may get you there faster!)

“Success is not final; failure is not fatal: It is the courage to continue that counts.” – Winston S. Churchill

It’s just like following a road map. A map is useless unless you know two things, where you are, and where you want to go. What might be stopping you (or at least slowing you down) from the ultimate destination of your passion and life’s fulfilment?

I’ve asked many people about this over the years and have heard these four reasons that keep people from moving forward.

1. Lack of vision

How do you plan to get there, if you don’t know where “there” is? The most difficult undertaking in the world is to sit quietly with a blank sheet of paper and chart out your life. I know, I have many blank sheets of paper to prove it. However, I also found out that it only takes one sheet, with a few well-crafted lines of thought to give you the direction you need. But you need to start!

2. Lack of goals

So, you know where you want to go, you just don’t know how to get there. The second hardest thing in the world is to have a sheet of paper with your ultimate destination on top, and the rest blank as you ask yourself, now what or how do I get to my vision? The process of functional decomposition means breaking down the larger process into steps that are both actionable and motivational. In other words, the steps are small enough to do and you remain motivated because they are so small.

“Successful people do what unsuccessful people are not willing to do. Don’t wish it were easier; wish you were better.” – Jim Rohn

3. You don’t believe you can get there

You want to, but there is a script running through your head telling you to go home, make some chicken soup and don’t leave the house until these foolish notions of greatness are gone. Think about it, your parents never did what you are trying to do, no one in your family has ever done it, you are far too old (or too young) to do that, you don’t have the right education…your rationalizing can go on for a lifetime! Here is my suggestion when it comes to running those self-deprecating scripts: STOP IT!

4. You are lazy

You won’t admit this to yourself, but perhaps you are just plain lazy. I’ve seen it so many times; individuals majoring in minors. Performing high fun, low payoff activities instead of the low fun, high payoff activities. (And, by the way, who ever said that a high payoff activity can’t be fun? There’s that darn script again.) As a species we are inclined to take the path of least resistance, but that path may not lead us to our vision, but you must admit, we are having a great time NOT moving toward our vision! Laziness is not “doing nothing.” It’s doing the wrong thing because that’s what you want to do, and, very often, we know it’s the wrong thing to do!

There you have the four possible things that might be holding you back from the realization of your vision. Are any of them hitting home? Answer this question before you move on:

What is standing between my current reality and my ultimate vision of success?

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4 Character Traits Blocking Success From Entering Your Life

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Some days you wake up full of energy and ready to face the day. The challenges you gave yourself the day before seems almost too easy. However, there are also other days where you find yourself without the desire and energy to move forward. Operating from this mindset, you lose productive time, counted first in minutes, then hours. Sometimes your loss of productivity can be measured in days, weeks and months of missed opportunities.   

Since you will not wake up every day bursting with excitement, you must find a way to summon the energy necessary to pound out another story for a publication, work on your social media content plan and write new copy for your website.

To understand why you are unable to take the actions required for success, you must first identify what blocks you. You can’t overcome challenges you aren’t aware of, and this is the juncture separating those who succeed from those who don’t.

Here are the four main character defects that block success:

1. Apathy

Apathy is exhibited as a lack of concern. It shows up when you are tired or stretched too thin. Many entrepreneurs work one or more jobs while attempting to launch a business, whether online or brick and mortar. When progress can’t be seen, it is easy to stop caring and give up.

2. Procrastination

Procrastination can occur when you get up ready to give all you’ve got to your endeavor, but first you check out an episode of your favorite Netflix show while you have coffee. After eight hours of binge-watching, your productive mindset is gone which leaves you demoralized. This in turn brings you back to apathy, triggers fear and causes more procrastinating.

3. Fear

Fear is a corrosive emotion everyone struggles with, and if you are not careful, it will absolutely stop you in your tracks. Fear will say you cannot obtain your dreams. The most successful entrepreneurs and business leaders grapple with anxiety, worry and apprehension, yet you rarely see them paralyzed by their fearfulness. Like them, you can’t defeat your fear unless you identify it. With an insightful mentor, you can easily determine what you are afraid of. Once it is recognized, you’ll find the strength to walk through it.   

“Curiosity will conquer fear even more than bravery will.” – James Stephens

4. Overwhelm

Overwhelm occurs when you commit to more than you are capable of doing. Balance and giving the appropriate amount of time to all aspects of life is a tremendous challenge. Have you found yourself overwhelmed when a friend asks a favor of you while you are trying to meet a deadline at work and maintain focus on your entrepreneurial side project? Do you worry how you’ll ever find the time to get it all done? Often when this occurs, we may mentally shut down and accomplish nothing.

To counter the deficits listed above, you must identify, then develop the opposite, positive traits necessary for success. It’s important to understand the “why” of each attribute because only then can you fully tap into the power they offer to help you accomplish your goals.

Here are the four traits to counter the above traits with:

1. Purpose

Purpose gives voice to why you are alive. It tells you and others what you are working toward and why. Living out your purpose is the single greatest weapon against apathy. Knowing your purpose gives you a standard with which you can measure your progress. It motivates you to think, act and ultimately, to succeed.

2. Action

Action is the opposite of procrastination. When your effort is focused on achieving an objective, action propels you forward. Breaking a large project down into small, manageable steps, you’ll gain the needed traction to successfully reach your goal!

3. Courage

Courage is built by first facing, then walking through your fears. Courage gives you strength to do what you think is impossible. Developing a relationship with a mentor, someone willing to tell you the truth about what they see, is crucial to success in this area. With help, you can first identify, then make the adjustments necessary to identify and release the fear blocking you.

“Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston S. Churchill

4. Focus

Focus is the final attribute. What you give your attention to is the single most important factor influencing your success. You become what you focus on. When you focus on your purpose, take the necessary actions and develop the courage to bust through, you win!

This is not an all-inclusive list, it’s simply a starting point. As you tackle and overcome your grosser defects, the subtler ones will begin to surface. Slowly, with help from your trusted mentor, you will work and grow through these challenges.  

As you become stronger, you’ll be able to withstand additional demands. You meet them head-on with the new skill set you’ll develop as you let your old ones go. You will be more effective, positive and energetic along with ready to take any action necessary. You are a winner!

Which one of the character traits above do you need to focus on most in order to achieve success? Let us know in the comments below!

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6 Important Decisions to Make to Have a Successful Career

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Would you rather paint your bedroom blue or beige? What is your usual coffee go-to order: a mocha or a macchiato? Should you take the bus or the train to work today? Decisions are everywhere. They are the ones behind our choices and the ones behind all consequences that we face for those choices.

Life is riddled with decisions at every intersection, and some say that those who are the best decision-makers can actually make the most of their time on this planet. Sure, inspirational and spiritual speakers have a lot to say when it comes to the matters of fate, luck or destiny, but only the successful know that a man is truly capable of shaping their own as per their choices.

From choosing on whom to delegate that difficult task to knowing when to bring up a tricky topic during a meeting with shareholders, decisions have the potential to shape your careers as well. If you have been wondering about the ways that you can improve your career, you can consider bringing in some smart decisions in your life right now.

What are the decisions that can help you have a successful career? Since decisions play such a huge role in shaping our lives and careers, you may wish to pick up a few that help you scale higher in your career as well.

Here are 6 of the most important decisions to bring into your life today so that you can take your career to newer heights:

1. Put your goals on paper

Sure, it’s great to have goals for your career, but simply letting them wander about in your mind is not going to help you achieve them, you know. That is why you need to have a list of goals that you have set for yourself – on paper.

Maintain a journal (virtual or offline, whichever works for you) that enlists your career objectives and goals according to short-term and long-term ones. For example, you can put upskilling in short-term goals and moving to a higher managerial position by the end of three years as a long-term goal.

Establish parity in the short-term and long-term goals so that you can synthesise them when the time comes. Jotting down the objectives will help you have a clear idea of where you stand and the way that you should go to bring about the positive changes in your career.

2. Bring in a daily dose of positivity

Let’s face it, all of us have encountered setbacks in our professional lives. The most important lesson to take from those setbacks is to never become pessimistic about what you can achieve. Positivity has helped many to soar the skies when it comes to their careers, and with a conscious decision to eliminate all sorts of negative thoughts from your mind can help you in doing the same too.

You will find a bunch of success stories that all start and end with how important it is to persevere in the face of adversities and letting your positive aura shine through in dark times. One of the smartest things that you can thus do for your career is to decide to chuck all negativity (as well as toxic acquaintances) that make you doubt your abilities and pull you down.

“Growth is never by mere chance; it is the result of forces working together.” – James Cash Penney

3. Hone your writing skills

No matter which industry you belong to, an impressive writing style in this fast-paced age of digital communication truly has the power to take you places when it comes to becoming more successful in your career.

The blessing that is the web has brought on a range of online tools and resources that you can put to good use for improving your writing skills. If you need to review your official documents and emails, then try online tools to edit and proofread your documents efficiently. You can also use online tools and tutorials to pick up tricks that help you sharpen your writing and make it devoid of common mistakes we all prone to making.

4. Upskill yourself proactively

Whether it is learning to code or taking up creative writing classes, you should decide to upskill proactively throughout your career. Upskilling has benefited more than one, and when the time comes for a job switch to move on to better prospects, you can always leverage the additional skills picked up earlier. As we move towards a faster and more digitised work sphere, it is best to attune oneself to the latest trends and in-demand skills of your industry and beyond to make sure that you are prepared when it is time to take the plunge.

5. Reflect on each day

When you are at work, the days seem to go by in a dizzying blur, leaving you breathless from the sheer pressure of work and tasks that you have to manage throughout the day. Deciding to spare time for yourself despite your busy schedule ensures both personal and professional growth, as leading psychologists opine.

Treat each day as a lesson, and you will end up with a long list of things that you learnt from each of them as they went by. An excellent way to do this is to keep a journal, but if you do not feel up to writing at the end of the busy day, you can always unwind while listening to your favourite music and reflect on the day that was.

6. Pick up a healthy lifestyle

Lastly, it is important to decide to be healthy and fit for only by that will you be at your productive peak to help you achieve all that you want to in your professional sphere. Devote some time to exercise every day and have a healthy diet.

You are sure to find many benefits of having a healthy lifestyle when you rise and shine to go to work with renewed vigour every day that helps you create innovative designs or brainstorm for killer marketing tactics. You never know which hidden potential of yours gets unlocked by facing work with a positive and beaming attitude every day, so why not take a leap of faith?

“Strength and growth come only through continuous effort and struggle.” – Napoleon Hill

Staying ahead of the competition, working overtime, managing piles of emails and getting stuck in the daily conundrums of work may sometimes leave you wondering as to where it is that you are headed when it comes to your career. Cruise through your career like a pro as these six decisions present a world of benefits for your personal and professional growth.

What decisions have you made that have helped you grow professionally? Comment below!

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