A Quote by Jay Samit
As a serial investor who has raised hundreds of millions of dollars for startups, I know that the business plans coming out of incubators tend to be vetted and more thoroughly validated. The incubator's input into your business plan will make you look far more polished and experienced - even if you have never run a business before.
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Founders have continually struggled with and adapted the 'big business' tools, rules, and processes taught in business schools when startups failed to execute 'the plan,' never admitting to the entrepreneurs that no startup executes to its business plan.
If you look at it now from the Google perspective, how do you make billions of dollars? Hundreds of millions doesn't count anymore; how do you make billions? And that's the question we've been tasked. Is this a Google-scale business, or is this a nice business for a startup?
The business is about coming up with a business plan and using your relationships and networking and seeing your dreams come true. Everyone on this show has their own business. Fifteen minutes of fame is fleeting. It's about learning the business and creating a new business.
One method of staying ahead of rising asset prices and the declining dollar is to think bigger and come up with better plans. As important as financial and business planning is a plan for personal development and self-improvement. I'm often asked to invest in people's business plans, and one of the reasons I turn many of them down is because a big plan requires a big person who's spent time on personal development. In a lot of cases, a business plan is far bigger than the person with the plan - that is, the dream is bigger than the dreamer.
If you have a strong business idea, then it is comparatively easy now to get capital. It is a positive thing that increasingly more people want to join the startup bandwagon. However, to build a successful business, focus on creating more value through the product, and direct your efforts on solving real issues. If you manage to build a sustainable product, revenue will follow. A lot of startups fail because they concentrate on incremental innovations, increasing user base, and monetisation before strengthening the core of their business.
Founders go wrong when they start to believe their business plan will materialize as written. I advise entrepreneurs to burn their business plan - it's simply too dangerous to the health of your business.
What I find fascinating … you have to give David Stern and the NBA a lot of credit … ESPN pays the league, and then the league tells them what to do. It’s more ESPN’s problem. You gotta have no balls whatsoever to pay someone hundreds of millions of dollars and let them run your business.
I always like to tell people who are interested in the business, and the acquired wisdom I give my children, is to stay out of show business. There are better ways to lead your life. You might end up being happier and spend more time with your family and make more money if you don't work in the film business.
If it really was a no-brainer to make it on your own in business there'd be millions of no-brained, harebrained, and otherwise dubiously brained individuals quitting their day jobs and hanging out their own shingles. Nobody would be left to round out the workforce and execute the business plan.
People come in with business plans and, I mean I know that no one is going to meet everything they say in a business plan but you got to have something to, to guide towards.
We now understand the distinction between startups - who search for a business model - versus existing companies - that execute a business plan.
Call on a business man only at business times, and on business; transact your business, and go about your business, in order to give him time to finish his business.
I think I've done a lot in this business, whether through screwball methods or not I don't know, that has helped other bands. I made a kind of road for them, you might say. If I raised my price, they found out about it and raised theirs. But somebody had to start it, to make the first move. You have to have the courage and confidence in your own ability. You have to know what the hell and who the hell you are in this business. Music may change, but I don't think that ever will.
Uncle Sam is not often called a fool in business matters, yet he has sold millions of acres of timber land at two dollars and a half an acre on which a single tree was worth more than a hundred dollars. But this priceless land has been patented, and nothing can be done now about the crazy bargain.... a bad, black business from beginning to end.
Chuck Schumer and Nancy Pelosi that don't know what's coming, 'cause it's Chuck and Nancy that have never dealt with somebody like Donald Trump, because they're the ones living in a cocoon and they're the ones that don't know what life is really like in the business world. And I guarantee you they don't. Business people, to Chuck and Nancy, are donors. Business people, to Chuck and Nancy, are the golden goose. They'll never run out of money. We'll keep taxing 'em. We'll keep asking for donations.
The most important thing is that you make sure you follow the music, which is a musician's way of saying follow your heart. The two things are intertwined. You know, when you even mention the phrase "music business," the older you get, the sourer it sounds. It's a terrible business, you know. Music and business have nothing to do with each other; there's no correlation, so it's always a rub. I would encourage people, don't be swayed by the music business. If you're truly, in your heart, a musician, stay one, and let the business find you.
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