A Quote by Mark Burnett
How many times have you been out for a beer or dinner and people are coming up with business ideas? Everybody wants to think they've got that great business idea.
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I always try and watch how business people think. I like to read a lot about business people. I'm not going to say I've got a great business mind, but I enjoy learning from the world of business.
Basically I'm in the idea business -- whether it's a musical idea or a spoken idea ... If you wind up with a political system that wants to put idea men out of business, then you have worry on your hands.
My family was in two businesses - they were in the textile business, and they were in the candy business. The conversations around the dinner table were all about the factory floor and how many machines were running and what was happening in the business. I grew up very engaged in manufacturing and as part of a family business.
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.
In a family business, you grow up with close contact to the business, whatever it is, and the beer business is certainly a very social type of business.
Many [business] people focus on what is static, black and white. Yet great algorithms can be rewritten. A business process can be defined better. A business model can be copied. But the speed of execution is dynamic within you and can never be copied. When you have an idea, figure out the pieces you need quickly, go to market, believe in it, and continue to iterate.
You've got so many guys coming up and putting in work, and everybody wants to be in my position, so I gotta be paranoid and think that if I'm not producing, if I'm not going out there and winning fights and winning impressively, I'm gonna be replaced.
That's the power of great insights. Insights, not ideas. There's a difference. Ideas, valuable though they may be, are a dime a dozen in business. Insight is much rarer -- and therefore more precious. In the advertising business, a good idea can inspire a great commercial. But a good insight can fuel a thousand ideas, a thousand commercials.
A lot of people want to start a business, and they're like, 'I wanna start a business, give me some money to invest.' Where is your business plan? Are you investing money yourself into your own business? How is this going to work? People think that they can just come to you with an idea and have money.
I can't even count how many times I've been pulled over. I can't count how many times I've gone to a club and not got in, how many times a security guard has followed me round a shop. I can't count how many times that somebody has asked me if I'm a footballer because I've come out of a nice car.
People say, 'Dream big!' - but you have to think about the logistics. It's not just coming up with a great idea; it's how you can sell or market or promote that great idea.
I received most of my business education around the dinner table. Whether I listened to my father or brothers, or we had business people as dinner guests, I learned from everyone.
And, you know, when you are a kid, everybody wants to be an actor. I think that everybody wants to be in show business, frankly.
People say that ideas aren't important in business. Okay, people say, maybe an idea for a new product, but the rest is all execution, making it happen. Not so. As the strategy revolution demonstrated, ideas can be the key tools for making your business competitive.
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.
People think because I've got some success, I've made it, but in my eyes it's like, 'How long has Jay Z been in the business? How many albums has he got?' Not that I'm trying to be Jay Z, but I am trying to be around for a long time.
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