People do not look at the music business as an entrepreneur business at all times, but everything in this business is entrepreneurship. It's one thing to have the money and not have the knowledge. A lot of times people have great ideas, but don't have a plan. The whole thing about being an entrepreneur is you have to have a plan.
I only know one thing: Everything I learned about the banking business, I learned in the banking towers of the Societe.
I learned from Ethel Waters, Duke Ellington, Adelaide Hall, the Nicholas Brothers, the whole thing, the whole schmear. [The Cotton Club] was a great place because it hired us, for one thing, at a time when it was really rough [for Black performers].
I don't push my luck. I don't worry about the results and therefore everything seems to work out well. That's something I've learnt over the years. The whole thing about the acting business is that it's a hit-or-miss game so I keep my distance from it.
The first thing you learn about the music business is that it changes very quickly. You come into it at a certain point and you think you have a handle on it... And then, three years later, the whole thing has been turned upside-down.
Listen, I know how old I am and that I'm just a shoulder injury from losing roles like the one in Taken. So I stay with the training, I stay with the work. It’s easy enough to plan jobs, to plan a lot of work. That's effective. But that’s the weird thing about grief. You can’t prepare for it. You think you’re gonna cry and get it over with. You make those plans, but they never work.
The thing that I learned early on is you really need to set goals in your life, both short-term and long-term, just like you do in business. Having that long-term goal will enable you to have a plan on how to achieve it. We apply these skills in business, yet when it comes to ourselves, we rarely apply them.
There's one thing I've learned about entrepreneurs' business plans. Every one is wrong.
It's one thing in this business to actually work. 5 percent of the Screen Actors' Guild works. It's another thing to do work that's satisfying and that people are loving.
It’s very important for entrepreneurs to be realistic. So if you believe on that first day while you’re writing the business plan that there’s a 70 percent chance that the whole thing will fail, then that kind of relieves the pressure of self-doubt.
I know Elon, we're very like minded in many ways. We're not conceptual twins. One thing I want us to do is go to Mars, but for me it's one thing. He's singularly focused on that. I think motivation wise, for me I don't find that Plan B idea motivating. I don't want a plan B for Earth, I want Plan B to make sure Plan A works.
It's what is strange about doing a job that is also the thing you love, the thing you feel passionate about. People get to the point where they're burned out and disillusioned by the whole thing because when things aren't going well at work it also means they aren't going well in your heart, in your soul. They're all wrapped up together.
Every single thing I learned about marketing and building my business, I learned from my mom, and she had never been in the workforce. She just had great practical sense.
The kids and I kind of learned about the divorce at the same time. So that was hard. That was probably the worst part of the whole thing, was being able to deal with how hurt the whole kids were.
I learned a lot from Dick Wolf. I'll always remember playing that character because it was such a good character. It was great to be able to be a character like that for television. I think the thing that I'll bring from the whole experience, the whole 10 years, is I had never been interested in the television business before.
A baseball manager has learned a lot about his job from having played the game, but a parent has not learned a thing from having once been a child.