Tag: entrepreneurs

How to Harness Power Like a Celebrity.

Three strategies of the stars that business professionals can use to make a difference in the world and do things that truly matter to them.

In the mid-1990s, Apple ran a series of insightful ads entitled “Power Is,” featuring several celebrities describing what power meant to them.

Spike Lee said power is succeeding when the odds are against you and you have a constant desire to learn. George Clinton, on the other hand, shared that power is the ability to motivate, communicate, and reinvent you. Marlee Matlin described power as having confidence, no limits, and the freedom of expression.

Simply by their celebrity status, all these people have a certain amount of power–a power to live how they want, influence others’ perspectives, and motivate people to take action. Of course, this power has its downside. How would you like your every move publicly dissected? But if celebrities treat that reality with respect and use it to uplift, inspire, and encourage others, then they can make a real difference–as well as a profit from their brand and their reach.

The question is: How do everyday people–specifically entrepreneurs–obtain this power?

While there is such a thing as “overnight success,” most celebrities work hard over a long period of time to reach their powerful status. Here are three strategies of the stars that business professionals can use to make a difference in the world and do things that truly matter to them:

1. Build Your Tribe

Who you align yourself with affects your values, reputation, success, and often your financial well-being. Most success stories involve individuals surrounded by people they trust who share their values and genuinely have their best interests at heart.

Take Oprah Winfrey, for example. She has had consistent support from incredibly loyal staff, close friends, and colleagues who have stood by her for decades. Personally, she’s benefitted tremendously from the mentor relationship she enjoyed with the late Dr. Maya Angelou, as well as from her long-time partner, Stedman Graham, and her best friend, Gayle King.

Jimmy Iovine and Dr. Dre’s business partnership with Beats is another great example of a professional relationship that was mutually beneficial. Beats proved to be highly profitable for both of them in its recent sale to Apple–something that may have been more challenging to do if not for the power of their partnership.

2. Pursue New Ventures 

If you’ve had success as an entrepreneur once, you already know how to make something from nothing. Now, you have the ability to take your experience, resources, and prominence to create new businesses that fulfill a lifelong dream or generate revenue streams for a cause–or both.

Actor Paul Newman founded Newman’s Own in 1982 with pal A.E. Hotchner after his homemade salad dressing became a hit with friends. The company’s offerings have expanded, but always with the purpose of donating all proceeds to charities. To date, the amount contributed has surpassed $300 million.

Among other entrepreneurial endeavors, Sandra Bullock opened the eco-friendly Austin, Tex.-based Bess Bistro. She must love this pursuit because she was involved in every detail of making it come together. 

3. Explore Other Interests

If you look at most celebrities’ resumes, you’ll notice a large number of multihyphenates–people with multiple job titles. It’s rare to truly excel in a number of areas, but many talented people who work hard can do it. Don’t feel like you have to stay in one industry or skill set. Branching out can often create multiple sources of income and fulfillment.

Take Beyoncé Knowles, for example. She doesn’t stop with music–she’s built a business empire endorsing companies like H&M, creating a line of fragrances, and heading up a successful clothing company. It’s no wonder she topped the Forbes Celebrity 100 list.

You should also use a variety of tactics to engage with your audience via social networking. It’s what Hillary Clinton calls “smart power” (i.e., finding ways to connect with people so they can then influence their governments). While Clinton’s celebrity status often distracts from her work, she’s excellent at using her power to engage and empower youth, women, and entrepreneurs as she works toward change.

You may not be a “celebrity” to the general public, but if you’re successful in your field, there are likely a number of people who know who you are. As your recognition grows, the number of people you influence will increase. In all of these cases, the celebs referenced have used their power and influence to make a difference in a way that allows them to invest their heart, soul, energy, passion, time, and even money into something they love. That’s real power.

What will you do with your power?

Until next time,

Kelli Richards, CEO of The All Access Group.

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

 

The right mentor will also have the right CONNECTIONS to move any effort forward.  Be sure to ask who they think they can bring to the table around advisorship, possible collaboration and even funding.

 

 

5 Unlikely Music Legends With Great Advice for Entrepreneurs

1abcac6As an entrepreneur, it’s important to keep your ears open for helpful advice — especially when you’re new to the game.

We usually expect business wisdom to come from the likes of Mark Cuban, Elon Musk, and Warren Buffett — not Jimmy Buffett. But there are a few big names in entertainment who would surprise you with their entrepreneurial spirit and business acumen.

1. Jimmy Buffett

The man behind boozy classics such as “Margaritaville” and “Cheeseburger in Paradise” knows a little something about entrepreneurship.

Beyond his successful career in music, Buffett runs a record label, a merchandising company, the Margaritaville brand of chain stores, restaurants, blenders, tequila, and more.

He’s a successful entrepreneur because he hires talented people, can see the potential in important opportunities, and lives by solid values that go back to his roots.

Take it from Jimmy: “You’ve got to be able to take money out of the equation in order to enjoy life and make good decisions. Years ago, I went to Warren Buffett for advice about something, and that’s what he told me. He said, ‘Whether you make or don’t make this deal, is it going to affect your life? And if not, then do what you want to do, and be prepared for them to say no.’ I’ve used that quite a bit.”

2. Troy Carter

Troy Carter is the manager who helped build the careers of musical sensations including Lady Gaga and John Legend.

What you might not know is that he’s a tech investor in ventures like Spotify, Uber, and Dropbox, as well as the entrepreneur behind POPwater and several other companies.

Carter’s ability to stay present helps him make clear and logical decisions in the midst of chaos, keep the big picture in mind, and avoid getting flustered when things don’t go as planned.

Take it from Troy: Money doesn’t make me tick. This definition of success doesn’t make me tick. Managing some of the biggest stars in the world doesn’t make me tick. Making my family proud makes me tick.”

3. Pharrell Williams

Pharrell Williams is a renowned hip-hop, R&B, and soul musician, but he also designs clothing and chairs, dabbles in sculpture and architecture, invests in tech startups, mentors kids, and is a philanthropist.

Williams is successful because he surrounds himself with people who recognize that they’re different, and he understands the importance of collaboration, learning from others, and taking constructive criticism.

Take it from Pharrell: “You are only as good as your team. When you envisage success, you should see all the people you work with, in addition to yourself…I used to hire 21-year-old monsters with a twinkle in their eye. I saw potential, but it was what I thought they could do, not what they could actually do…When you surround yourself with people with experience…A lot of them are gonna be older than you. When they vet people, they need to see more than twinkles; they need sparks.”

4. Dave Stewart

Dave Stewart is a musician best known for his work with the Eurythmics.

He now serves as an advisor to Visa and Nokia and is the CEO of the massively successful media company Weapons of Mass Entertainment. He’s also the co-founder of First Artist Ventures and the author of the entrepreneurial guidebook “Business Playground: Where Creativity and Commerce Collide.”

Stewart embraces and rewards creativity, understanding that it’s essential for a business to stand out in a crowded market. He also knows how to ask the right questions and when to seek different perspectives from trustworthy people.

Take it from Dave: “A creative culture is one in which people aren’t just rewarded for successes, but are allowed and actively encouraged to experiment and make mistakes.

“The perfect brainstorm removes the barriers to creativity by letting all ideas come out without the judgment and criticism that might otherwise kill them. It also involves having clear parameters, including a mix of people from different backgrounds, and setting high expectations for performance.”

5. Sammy Hagar

Also known as “The Red Rocker,” Sammy Hagar is a singer/songwriter and the musician best known as a member of Van Halen.

Hagar also owns a popular chain of nightclubs and restaurants called Cabo Wabo, a chain of airport restaurants, a restaurant with celeb chef Tyler Florence, and a tequila company.

While it might seem like a leap for a rocker to run a chain of restaurants, Hagar is successful because he follows his intuition, looks for new opportunities, finds the right people to run his businesses, and has fun.

Take it from Sammy: “Before I made it as a rocker, I had a lot of executives tell me what to do to make it, and I never listened to them. I did it my way…I like owning and operating a business. It’s as creative as stepping on stage or making a record. I’ve never started a business thinking, ‘Oh, I’m gonna make money off of this.’ All my ideas have come from sheer enthusiasm.”

While you probably shouldn’t take all your business advice from music legends, there are some common lessons that transcend industries:

  • Surround yourself with great people.
  • Explore potential opportunities that challenge you.
  • Don’t make money the first priority.
  • Always trust your gut.

Sometimes, the best advice comes from unexpected sources. Another lesson you can learn from these individuals is that you don’t necessarily have to start in business to build great companies. It’s just a matter of listening to your inner entrepreneur and seizing opportunities that excite you.

Which unlikely individuals have given you the best advice on entrepreneurship? What was their advice?

 

Until next time,

Kelli Richards, President, CEO of the All Access Group, LLC

PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter

PSS: Listen to an entire library of intimate discussions with industry visionarieshttps://bit.ly/AllAccessPodcastSeries   (Priceless)

 

Tech’s Bringing Sexy Back: Taking Advantage of Technology’s New Image

Hollywood exudes sex appeal, glamour, and stardom. Now, that glamour is spilling over into other industries — including the tech world. Hollywood stars are funding and branding startups. Celebrities are joining companies as CMOs or creative directors. And now, they’re developing their own brands on the side, too: think Jessica Alba’s eco-friendly baby business, The Honest Company.

This trend goes the other way as well. With late-night TV appearances and commercial cameos, tech stars are going mainstream. And shows like “Shark Tank” are giving entrepreneurship a new reputation.

Tech entrepreneurs — and the industry itself — need to take advantage of this newfound interest for pitches, funding, marketing, and more. Technology isn’t nerdy; it’s sexy. And it’s time for the tech industry to start acting like it.

Hitching to a Star

It’s a trend: Next-generation startups are collaborating with tech-savvy artists and celebrities for even more reach and influence. Why? These public figures have made careers of staying relevant, artistically and culturally — and they’ve often got great ideas for connecting with audiences that are tricky to engage.

Likewise, for celebrities and artists, embracing technologies that help them connect with their audience can only bring more money, engagement, and a cool factor of being cutting edge. When a tech company can partner with an artist with vision, an even more interesting, engaging product can result.

Here’s a great example: Last June, teenage pop sensation Justin Bieber landed on the front cover of Forbes as one of the most unlikely venture capitalists. But contrary to his bubblegum image, Bieber is actually a formidable investor: He has stakes in at least a dozen startups. This isn’t as unusual as people may think.

Often, specific kinds of startups draw the attention of celebrities. Social media is an obvious choice to invest in, culturally and financially. Lady Gaga and her manager, Troy Carter, even created Backplane, a Silicon Valley-based startup that helps celebrities and brands connect with fans and foster community.

Often, companies will recruit stars for creative consultation, innovation, and brainstorming. Alicia Keys was named Global Creative Director of Blackberry in January. And Lady Gaga was recently appointed as the Creative Director at Polaroid. These creative partnerships give tech companies broader exposure and relevance in pop culture. The artists benefit with forward-thinking endorsements — and the financial benefit of a successful investment.

Going Mainstream

Celebrities aren’t the only ones making headlines thanks to tech innovation. The entrepreneurs, thinkers, and creators behind the keyboard are becoming celebrities in their own right, too.

Mark Zuckerberg created Facebook and seized a generation’s attention. He’s been immortalized in pop culture and film. Steve Jobs has become a similar cultural force: His legacy at Apple and Pixar has created legions of loyal followers.

Why the interest in technology rock stars? Creative minds are fascinating, no matter what field they work in. And, as technology becomes more accessible and integrated with our daily lives, it becomes even more interesting to see who’s making the products that we live with every day — and what their life stories are.

New Image, New Future

When tech companies are looking to find funding, launch a product, or create marketing materials, taking this new cultural phenomenon into account can only help the companies and their brands. Here are a few ways to take advantage of this newfound interest:

Think about how your company fits into pop culture’s current moment. Can you make your company, product, or service even more relevant? How?

Remember, there are more ways to make money with media than ever before. Tools and services can now give customers the content they want on any device, anywhere in the world. And that’s changed content distribution and monetization — forever. Think about how new distribution avenues could work for your company.

Pave the way with a powerful partnership. Not every brand can afford the star power of a pop artist or a tech rock star — but a smart collaboration could double the power of your innovation. Don’t be afraid to partner with someone outside the tech industry. Think about how an outside perspective can make your company even more marketable. Make sure it’s a win-win.

Tech isn’t just for nerds anymore. And this isn’t just good for the industry — it’s good for everyone, from consumers to creative minds. It’s time to seize the moment, take advantage of this trend, and create something truly sexy as two very powerful industries converge.

View the Original posting on Steamfeed.com here.

Search Resources

Topic Areas & Guests

Categories

Join our mailing list

For insights on industry trends, and for details on special projects/events. We respect your time and your privacy.


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact