Jay-z American rapper and entrepreneur
Jay-Z, born Shawn Corey Carter, is an American rapper, entrepreneur, songwriter, record executive and investor. His business acumen has garnered an estimated net worth of roughly $1.3 billion. The Hall of Fame rapper recently turned 52. Here are some lessons to learn from Jay-Z’s success story.
1. Have an ‘Empire State of Mind’
One of many lessons from Jay-Z is to have an Empire state of mind. When you think of a hip-hop artist, wealth is something that springs to mind very quickly. Although, there’s a big reason why Jay-Z’s wealth exceeds far beyond most other hip-hop artists.
He sees music as his passion and an excellent way to express himself, but his overall mentality is towards building an empire. He’s owned restaurants, clothing companies, bars, record labels, and much more. This is a state of mind that every entrepreneur should have.
2. Don’t Wait Until You Have The Tools
Work leads to growth, which leads to income, which leads to investment in the correct equipment, which then leads to more growth, and so on.
Jay-Z didn’t start by expressing all his rhythms using instruments, oh no, he started by simply using his hands on a table to create beats. He started at the bottom and worked his way up to the top.
3. Have a Plan
Jay Z is a serious entrepreneur. He didn’t just start a business and take it from there. He created a proper and official business plan to make sure he knew exactly what the plan was before jumping into things.
A lot of people think that they might have a pretty good memory, so they don’t need a hard copy plan. But the reality is, that once you have everything written down in front of you, certain things appear much clearer than they would in your mind.
4. An Idea Could Strike at Any Time
One of many lessons from Jay-Z is to note down ideas. You never know when another idea could pop into your head and Jay-Z was always prepared for this.
Whenever he used to wander around with his friends, he would always carry a pad around in case something triggered any new lyrics to come about. He’d then stop and write down anything that came to mind before moving on.
5. Don’t Take Your Eyes Off the Prize
Sometimes when you’re working so hard at something and you finally start to get a little taste of what success is like, you automatically think you’ve made it.
You may start to spend more money than you can afford and so on. Try to resist this temptation.
I’m not afraid of dying. I’m afraid of not trying.
-Jay Z
Read more of Jay-Z’s success lessons
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