The following article written by Dr. Boyce Watkins details how so many young people today can use as a template for themselves regarding business (entrepreneurship), and life in general.
The unforgettable, yet unforgivable impact of America’s first gangsta rap group is the stuff of legend.
NWA
is responsible for prophetic songs like “F*ck the Police,” which told
the world about LAPD brutality before the Rodney King incident, but they
are also responsible for injecting hip-hop with a dose of toxic
violence from which it has yet to recover (
I’ve written about that problem too).
One thing that came to mind is the way
Dr. Dre and
Ice Cube
were able to climb out of the war zone that was Compton and Death Row
Records to become captains of the industry, while many of their homeboys
simply perished. In that regard, their success makes for a case study
that would be a fit for any
business school in the country.
Here are some things that made Dre and Cube different from the rest:
1) The ability to see the bigger picture: The
easiest way to stay broke and powerless is to think small and to be
short-sighted. In fact, visionaries are regularly able to exploit the
short-sightedness of those who have no discipline. While other members
of the group were thinking about spitting rhymes, getting women, and
buying yet another gold medallion, Ice Cube’s mind was able to visualize
multi-million dollar franchises. I would much rather be a dumb person
who thinks big than a brilliant person who thinks small. This can make
all the difference.
2) Education and a desire to understand how business works:
Ice Cube and Dr. Dre succeeded not just because of formal education,
but because they became educated on the industry within which they
operated. Far too many singers, dancers, rappers and athletes think
that all they have to do is worry about their craft, and end up putting
themselves into dead end financial situations. A good example would be
the singer Fantasia, who never learned to read and ended up signing a
contract that made her into a high-paid slave.
3) Why be a King When You can Be a King Maker?
The Black community never ceases to have plenty of talent for the
stage, but even the most talented among us are accustomed to waiting by
the phone for some white-owned corporation to give us an opportunity. At
the end of the day, your entire reality and everything you can or
cannot be is managed by forces beyond your control. Your well-being,
success or failure is entirely contingent upon a world that someone else
has created for you, effectively making them into a corporate version
of God.
Ice Cube and Dr. Dre weren’t just satisfied with being kings. Instead, they chose to become
King Makers, giving them greater and more lasting power than any king can possess
. Ice Cube has launched entire
careers
with his “Friday,” “Barbershop” and “Are We There Yet?” franchises.
Dr. Dre has been the engineer of Snoop Dogg, Eminem, 50 Cent and a host
of other powerful artists. Even Diddy (or Puffy or Puff Daddy, whatever
his name is now) remains in power, even though he hasn’t made good
music since Biggie was alive. A king makes money by working. A
King-Maker gets money when other people are working. That’s what it
truly means to be a boss.
4) Enough discipline to delay gratification:
Ice Cube often tells the story about how Jerry Heller, the white guy in
charge, put $80,000 checks in front of each member of NWA, next to
contracts for them to sign. The contract was basically a deal with the
devil, locking Heller in for all of the group’s upside potential, while
helping him to evade the downside. Even in the year 2012, you can get a
lot of folks to sign away their grandkids for $80,000, so you can only
imagine how much money this was in the 1980s. The only person who
walked away from the contract was Ice Cube. To this day, he’s the one
with the biggest bank account and the highest net worth. Artists may
rap about booty, bling, weed and all of the trappings of negative
Hip-Hop culture, but those with real and lasting power don’t get high on
their own supply when it comes to that nonsense.
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