Why don't you elaborate on the bullshyt that he was talking?
Im gonna be brief because other people in this thread have debunked a lot of what has come out of this dudes mouth in a better way than I ever could
whether you are Bill Gates or you flip burgers at Mcdonalds .... If you get up in the morning go to work to provide for your family THATS WHAT MAKES YOU MAN.... I find it ironic that this idiot whose entire fortune was seeded by the proceeds of crime would shyt on honest people .....is this what he really wants to teach the youth? because that is the message this idiot is conveying, that its better to be a self employed drug dealer than an honest employee...
Any smart business advisor will tell you that If possible you never risk your own money to start a business, the truth is most businesses fail and its better to lose someone elses money than your own...
look at Trump, look at Richard Branson, their entire fortunes were built on borrowing , investment or financing..... If you look at Branson in a lot of his companies hes not even a major shareholder....the richest black man in the world Dangote got a loan to build an oil refinery.... using other peoples money minimises your own personal exposure If things go belly up....maybe If Dame wasnt "putting money into all my businesses" he would have some money ...
my personal feeling is that he couldnt attract any type of financing which is why he had to end up using his own money
what he says about saving money is laughable ..... many of these immigrants you see that start their own business arent getting bank or family loans , they are working shytty jobs for shytty pay saving every penny possible to start up..... many a fortune was started from money seeded through savings
a lot of the dudes on this forum talk the talk but they aint ready "we should start our own businesses" ...." but the banks aint giving us business loans"... end of conversation..... SAVE...save as much as possible, cut out all the unnecessaries it will take longer, but sooner or later you will have enough seed money for your venture .... I personally know so many people that started this way
you dont have any savings when that rainy day hits youre fukkED....you become ill , the economy goes into a downturn and you dont have a safety net to fall back on because you listened to an idiot that said you shouldnt put money away for a rainy day you only have yourself to blame when you lose everything...
when me and my brother put our business together we quickly deduced that we couldnt take any money out of the company in terms of salaries for about a year.... we both lived off our savings for that period of time and we both have the usual financial commitments as the average person....
My father owned his own company so did my mother..... so does my Dads brother and my mothers sister, I am no way some business guru , Im not saying Dame Dash is a bad businessman because clearly hes not, what I am saying is that he talks a lot of crap and anyone with half a brain can see it..
There are a lot of intelligent posts in this thread by people much smarter than me, I am only speaking from a perspective of my own personal experience as being a business owner and not as someone that knows it all...
The reality of running your own business is that in most cases you will be working four times as many hours for a lot less money.... most businesses fail whether you are black,white,latino or asian....keep this in mind
The most important thing Ive learned really really quickly is that business is built on relationships.... i never got a contract cold, i.e put in a cold pitch.... it was always a case of people meeting us , decided they wanted to fukk with us and then being invited to partner up
believe me most business is not decided in the boardroom, If people like you they will fukk with you
I never planned to go into business for myself I didnt really have a plan, but in both cases it was with people that took a personal liking to me and invited me into partnerships.... no one is going to do business with you If you arent likeable....
anyone who thinks that they can go into business for themselves in beast mode and bully their way to the top is in for a rude awakening, I meet people all the time, doesnt matter wht they bring to the table, If I dont like them Im not doing business with them and I find that most people have that attitude .....my biggest expense right now are business lunches, bar tabs etc.... thats where most deals are done, by the time you get to the office its just a formality