50 Cent has built himself up as a businessman. He invested in Vitamin Water a decade ago, and now his many business ventures include owning SMS Audio headphone company, investing $78 million in Frigo RevolutionWear underwear and becoming the spokesman for Effen Vodka.
The New York rapper spoke with Entrepreneur to explain what he looks for when making a business deal.
“I just like to hear how they understand directly how our specific consumer would relate to it,” 50 Cent says, “why someone would want to utilize the product or why it would work in different ways. A lot of times, you’ve got people who have ideas that they haven’t quite figured out who they’re gonna sell it to. It’s just a good idea. That doesn’t work for me. For me, everything that I’ve involved myself with, there’s a target audience involved.”
The executive producer of Power also says that he doesn’t like working with people new to the business world. He says there are no excuses to have a team without any experience.
“There’s easily opportunities to bring people in that are experienced that wanna be a part of it that have already had some success in the category,” he says.
For additional 50 Cent coverage, watch the following DX Daily:
America must put a stop to racism between the blacks and the whites of the United State of America.
Whites are a plague on this earth that need to be exterminated.
I have an idea that I’m trying to get off the ground and for him to say he doesn’t like to work with people who have no business sense is crazy. Because he didn’t have any in the beginning. He just has the money. He had to learn just like the next person.
Exactly! 50 didn’t come out of the womb an expert. Experience isn’t everything.
I wouldn’t exactly say that he didn’t have any business experience prior since his connection to the drug game is well known. He was running the whole drug trade in his block which requires some sort of business knowledge on how to acquire and distribute someone’s merchandise with the people working under him. He didn’t just get money after rap and then learn how to do business. He’s been hustling since 12!
bitch stfu. u dont know shit. 50 wasnt running no damm block., nigga sold dime bags all day for another nigga……….thats it.
KING 50 THE GODFATHER
of you can sell dope you can run a bizness…dopeboy shit st it’s finest mothafuckas
The world of today needs more than understanding for the world of our children. We are above technology….let plan together so we can bulid strong
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