Michael Jackson History: Michael Jackson - The Icon and Entrepreneur

Michael Jackson: The Icon

Until his death at the age of 50, Michael Jackson has been all over the TV, the papers, and the magazines. He always had an iconic presence in the music industry since he started his solo career back in the 80's. In fact, a lot of music experts have declared him as Michael Jackson, the king of pop. His album "Thriller" sold more copies than any other record in its time. The concept of his music videos, which encouraged the MTV culture, showed how extremely talented he was but what most people do not know is that Michael Jackson was also an entrepreneur.

Michael Jackson

Michael Jackson: The Entrepreneur

Michael Jackson History: Michael Jackson - The Icon and Entrepreneur

What do you think Steve Jobs, Bill Gates, and Warren Buffet have in common? These men built something out of nothing. They came up with products and services that no other people have thought of. They dominate their respective industries for many years now as a result of their hard work and immense talent.

Michael Jackson is very similar to these people. He used his skills in music and applied them in various areas and fields that nobody else had exploited. The music videos he produced inspired many musical artists, which eventually led to the popularity of MTV and the like. Michael Jackson's album generated millions of dollars in sales. He used his money as further investment into his brand and bought 50 percent of the most valuable music assets of all time, the Lennon-McCartney (Beatles) catalogue. The royalties from this acquisition earned him millions in profits. He also bought two Australian-based music publishers which eventually merged with Sony and earned him close to 0 million.

Michael Jackson's Entrepreneurial Characteristics

If you have been looking of pop. Here are some examples:

• Think first before you speak - The media is a perfect marketing tool, but saying wrong things at the wrong time can lead to life-long damage to the brand you have painstakingly created over the years.

• Stick to your values - Michael has gone through major transformations over the years, and most of these damaged his image as the Michael Jackson icon. No matter the opportunities that tempt you to change your values, these changes can be fatal to your company in the long run.

• Build a network of honest people - Michael mistakenly associated himself with people who put their own interests above his. Business success brings in wealth, but it also attracts negative elements that you and your business are better off without.

• Be financially wise - Save more and think twice before making unnecessary purchases. Watch your cash flow, and pay close attention to all the items on your balance sheet. If you have an advisor who handles your money, supervise the process and do not be just a check-signer.

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