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10 Well Known Musicians Who Are Brilliant Entrepreneurs

Joel Brown (Founder of Addicted2Success.com)

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Arcade-Fire-Successful

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 200 million lives in the last 10 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

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Why It’s So Important To Break Out Of Your Comfort Zone

Joel Brown (Founder of Addicted2Success.com)

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Fear of Snakes

So I completed a Snake Handling course 6 years ago and during the final test of the course, we were asked to capture and bag 5 of Australia’s Deadliest snakes in a small confined room. The room had a Tiger Snake, Dugite, King Brown, Death Adder and a Red-Bellied Black Snake all slithering around at the same time. I couldn’t believe what I had got myself into.

Snakes were one of the biggest fears of mine. I would imagine a snake running underneath my feet from time to time and I would actually bring my feet up off the floor to avoid getting entangled or bitten by these imaginary snakes I had created in my mind. I would even have nightmares about snakes biting me and it would wake me up in sweats in the middle of the night.

I could have never imagined doing this in my life but I did it because I knew that I had to get passed this ridiculous fear I had of snakes, and I am grateful I was able to show up for it.

Checkout this podcast episode where I share how You can Master your Sub Conscious Programming around your fears in 2 Steps:

While attending this course, the subject of Fear was brought up and the presenter asked a number of people:

 

“What Are Your Top 5 Fears?”

– Public Speaking

– Cancer

– Sharks

– Snakes

– Heights

Were at the top of the list for most people.

 

The instructor carried on with a story of how he had just arrived back from a trip to the Northern Territory of Australia to visit an aboriginal community where he had met a 7-year-old boy who was absolutely scared to death of spiders and the dark.

Killer crocodile fearIt did not matter what kind of spider it is, he was scared and that was that. This boy would hunt crocodiles and lizards but was scared of even the non-venomous spiders.

All he had learned from a very young age was that spiders are dangerous and that they WILL kill you, yet the crocodiles and snakes that the boy would play with and hunt for are by far more deadly than most spiders that your everyday human would come across.

He was taught between the crucial years of 1-6 yrs old that the dark is full of evil happenings and that spiders are incredibly deadly and will kill him if he goes anywhere near them. So he was devastated to sleep in the dark and would jump on near by people just to get away from a spider nearby.

I’m not here to say that spiders aren’t dangerous, they are, and some out there have the potential to kill you. This boy was right to be cautious around spiders but where he lacked knowledge, or the right information about these creatures, eventually left him fearful of something he had never really understood.

This boy is just an example of many other people out there that are limited by their fears because of the little that they know. The less you know, the more fearful you are. This is only human and we are naturally scared of the unknown.

So the key thing here is we need more “KNOWLEDGE!” and it is in our best interest to want to understand how things work if we want to become less fearful of what the wild and wonderful world we live in has to offer.

You have to “EXPERIENCE” things to have a better understanding of the activity or whatever it is you are most scared of.

Joel Brown Snakes Fear

Joel Brown – Certified Snake Handler

When you increase your knowledge you can grow to the level where your fear is set at, so when the two meet it creates a level called “RESPECT”.

This is the perfect level to be on because you will now have a respect for what you fear which will allow you to then work with it rather than being submissive and missing out on the wonderful feeling of successfully OWNING! the outer areas of your comfort zone.

Everybody has a fear of some sort and learning more about what you fear and even voyaging through your ‘un-comfortable zone‘ will prepare you for the hard knocks in life on your road to success.

 

I have a few more fears to conquer myself and I am happy to say that I have crossed ‘Snakes’ and a number of other top things off my list. I’m sharing this story with you in hopes that you too will face at least one or two of your fears. Not to say that “you did it“, but to prove that you can outgrow your own personal limitations.

Your fears could be holding you back, they could even be the final piece you need to experience a brand new lifestyle or a brave new world of fun.

 

So get out there, learn more and grow!

 

No matter the storm, may your Faith be stronger than your Fears – Joel Brown

 

 

Feature Image Original Source: Indiana Jones – Raiders Of The Lost Ark

 

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