What's the difference between a small business owner and a rapper?

[John Mayer]

9 out of 10 small businesses fail out of every 1000 new businesses, 40% fail within the first year, and 80% would fail within 5 years, even if you make past 5 years, 80% of those businesses fail before they make it to 10 years. That leaves us with 4% of new businesses still around after 10 years.

nikkas be like I don't want to work 40 hours I'm just going to start my own business.

 

[observe]

Even if you're business failed you still made money and supported your living expenses....most rappers live at their moms crib making beats on fruity loops uploading songs to Facebook adding 500 twiiter followers a day posting tweets about their new album that's never gonna drop..that's the difference

 

[itsyoung!!]

9 out of 10 small businesses fail out of every 1000 new businesses, 40% fail within the first year, and 80% would fail within 5 years, even if you make past 5 years, 80% of those businesses fail before they make it to 10 years. That leaves us with 4% of new businesses still around after 10 years.

nikkas be like I don't want to work 40 hours I'm just going to start my own business.

in those stats do they count all those younique, wake up now, body by vi, 5linx, bigcartel.com "businesses" though ?

what counts as a real business? its hard ass work and way more than 40 hours a week when you starting, so people quitting their 9-5 to do that are doing it for the wrong reason

 

[Aje]

Even failed small businesses can, at least, contribute to the economy in some capacity. Say, for instance, it's a bodega and papi hires a kid to clean up and, obviously, duke buys his products from somewhere.

Then you got bum-ass 32-year-old rappers talking bout how they're "signed to Interscope" (when all they did is utilize Interscope's digital distribution service that is akin to TuneCore or CDBaby). These scumbags don't pay for beats, have cracked software at the crib and got a $70 mic with a couple egg crates in their "lab" (I.e. Their room they've lived in since childhood). These losers need to be fed to Killer Whales.

 

[DrX]

be scared and work like a slave for 50 years

 

[Couth]

Just like with rap if you actually study your craft and apply yourself you can become successful. If you just claim you're gonna do some shyt then never actually do it, you'll fail.


At the end of the day starting a successful business takes more work then going to school or getting a 9-5. But you also make a lot more money if you take the time to actually do it right.

 

[MikelArteta]

there is literally 0 money in rap anyways unless your touring or have a hot single on itunes

 

[Citi Trends]

it's not hard to manage as a rapper as long you can get booked at places regularly with online sales and youtube views
you just need to be somewhat talented

i know a guy who's in a trash reggae band who gets by fine

 

[Hyperion]

9 out of 10 small businesses fail out of every 1000 new businesses, 40% fail within the first year, and 80% would fail within 5 years, even if you make past 5 years, 80% of those businesses fail before they make it to 10 years. That leaves us with 4% of new businesses still around after 10 years.

nikkas be like I don't want to work 40 hours I'm just going to start my own business.

Well, difference between the small business and rapping is, the small business implies hard work from the get-go. Being a rapper seems easy because of all the kids blowing up, so to them all you'd need is a demo version of FL Studio, a microphone and Audacity. The idea of being a rapper grants the illusion of the easy life to those who haven't really done it, because they don't understand the process behind it.

However, those who are serious with rapping just like those who are serious with their small businesses will take the time out to do research and all of that hard work that most people aren't willing to do. A lot of sacrifice and mental strain comes with that, and it's not for the faint of heart or the weak-willed. It's also all in your creativity, because you have to think of ways to get people interested in your product or brand. Being a rapper IS basically being a small business-owner because you're a brand and should treat yourself as one.

It also goes without saying, but what you're presenting to your target market has to be good. Ain't nobody gonna buy an album that's the personification of a gas station bathroom in the middle of August. And nobody's going to buy a vacuum that looks like it could be used in Afghanistan for warfare.