Kanye West Turns All The Way Up On Sway & Schools Us In Entrepreneurship 101

15 comments
November 27, 2013 ‐ By CAP
TNYF/WENN.com

TNYF/WENN.com

In Sway’s interview yesterday with Kanye West things got a little heated. But once they were able to settle down Kanye gave a quick hard lesson in entrepreneurship.

Kanye began to “turn up,” as Sway called it, when he was asked why he could not make is mark on the fashion game independent of assistance from well-established brands in the space. Many would assume that a person like Kanye could sell anything just based on his name. But according to Kanye, to reach his goal of being mentioned among prestigious designers like Margiela, Balenciaga, and Yves Saint Laurent, it’s not that simple.

Start-up Costs- (1) Costs, excluding acquisition costs, incurred to bring a new unit into production. (2) Costs incurred to begin a business. ~StartHereGoPlaces.com

Kanye mentioned several times in the interview how he’s short about $13 million as a result of pursuing his interest in fashion. This is consistent with most startup businesses. For many, even in high-growth industries, losses are incurred for several years until revenues can surpass the rate of investment needed to grow. For instance, Twitter, which just went public on the New York Stock Exchange and is valued at billions of dollars, is technically not a profitable company.

So although Kanye has sold thousands of Air Yeezys and had successful clothing projects, he still is in the red. Opportunity Costs-(1) The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action. ~Investopedia.com

Kanye goes on to speak about how investing time versus earning money makes him feeling compressed, stating:

“As I work on clothing more, I’m not rapping as much. So I’m not in the middle of that Future mix cuz I didn’t do that feature. I’m not rapping as much; I’m not having as much finances. I’m losing relevancy. The relevancy is part of my power that allows my brand to be big… You juggle so crazy.”

As a new entrepreneur your side business always competes with what is financing your business, also referred to as YOUR JOB. Even Kanye can’t afford to take extensive bouts of time away from his bread and butter without risking the entire foundation that holds up his dream to be a fashion designer.

Stakeholder- (1) a person entrusted with the stakes of bettors (2) one that has a stake in an enterprise (3) one who is involved in or affected by a course of action

As your company grows and you seek out investors, understanding the control you give up is important. The primary grudge Kanye has with the Who’s Who of the fashion industry is that they want to control him. Not allowing himself to be controlled is making his whole plan to become a fashion king a whole lot harder to execute. However, unlike Kanye, you might be content with growing at a slower pace, in exchange for having full control over your baby (your business).

Entrepreneurship isn’t easy. Even for someone like Kanye West who has the brand, the capital and the contacts to support his endeavors. He still finds it daunting to grow his business from an idea to an empire. Kanye’s rant was based fully on his frustration and his longing desire to achieve his goals.

Just like Sway, I don’t have the answers, but what I do know is Kanye paid $13 million to learn a lesson about the fashion business. As a new entrepreneur you don’t know what you don’t know until it smacks you in the pocket. But hopefully you have enough cash reserve and passion to keep you going until you learn.

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  • Sunshinegirl

    Oh my word, LMAO! Even though this interview has been floating around for about a few days now, this is my first time listening, and Kanye had me falling out of my chair laughing. He is drunk! Listen to how his voice is slurred! Kanye needs to go have a seat. If no one is accepting you in the fashion world on the highest levels, then he needs to get more money, design better, or find another hobby. Better yet, make some more freaking music that we actually want to listen to. He’s becoming a delusional laughing stock and wifing Kim isn’t making it any better. No one in the fashion world really respects her. Of course the fashion giants will mingle and laugh with her and send her free clothes and shoes, but when they go home, they are laughing at both of them and their desperation for acceptance. With this type of behavior and his comments being publicized all over the web, Kanye will never get to work with those fashion houses because they are going to consider him a liability. He’s making valid points, but his delivery is just terrible.

  • r

    He speaks the truth, which, most people cannot handle. He understands the world we live in and is seeking a better world. The ignorance of so many people is holding them back from their full potential. Hopefully, he will succeed in all that he does despite being misunderstood, by all these ignorant people that surround him.

    • angie

      Lol you sounds as delusional as Kanye

      Kanye West is full of crap, first of all most of the big name fashion designers start of small with little to no help at help at all.Therefore in order to be mentioned among prestigious designers he must start from the bottom.Of course he won’t be able to do it on his own, but he doesn’t need these big corporation to do so. He just need a team around him to support his vision he has the funds , he has the friends in the industry that’s the first start. Look at Gianni Versace he started off small it seems like he has entitlement issues.
      It’s his attitude and rants not making these brand management companies not want to partner with him. That’s the way the industry work you need to learn to accept the word no,he’s like child when you tell them they can’t get a toy, and they throw a tantrum.Yes , it’s frustrating when people don’t support your dreams and visions,but it’s life.He isn’t losing relevancy because he focusing on fashion he is losing it because of his immaturity. I am pretty sure his true fans will definitely support if he cross over to do fashion.

      To me he’s making too much excuses, and expect things to be given to him.He need to figure out what he want to do rap, or be a fashion designer both require time and commitment. Rome wasn’t built in a day so his goal will turn into an empire if he remain patient.I’m pretty sure he has amazing ideas, but a weak execution. Learn the game, and invest in yourself if you don’t want people to control you.

  • Carllotta Jones

    @ Evelyn smith lol but what you’re saying make soo much sense

  • Carllotta Jones

    I totally agree with you Marie bano you couldn’t have said it better #help #fast

  • Morris Durojaiye

    Frist I HATE Ur DATA COLLECTION.. & ACCESS.. The companies your trying to compare his line to are established and that happens over time. Similar to someone being MJ at his height at the start. Do we Remember this NUT saying he is taking the Confederate Flag back with using it in his design. His stuff SUCKED. “mike drop.”

    • Sante

      It’s going to take hundreds if years of ‘taking it back’ for the confederate flag and the n-word to have new meaning. These people are completely delusional thinking their power is so special.

  • Marie Bano

    Time to just ignore Kanye and start praying for him. He tells the world that he is happy has the best woman and his baby is royalty yet he is so unhappy and is losing his pride. He needs medical help and someone in his family to sort him out. Too many black men face mental health issues that go undetected and Kanye is on the brink of a meltdown.

    • r

      Your ignorance is holding you back.

  • evelyn smith

    Since the Kardashians are truly using you. Why not ask them to finance you? When they tell
    you no, keep it moving. They could care less about you. Mom used you to try to save that hope
    less show. I bet they wouldn’t even put in a good word for you. I’m sure they laugh their big
    butts off about you. Go away, mourn your mom & build a good relationship with your daughter. Run, do not walk away from Kim. What do you think your daughter is going to think when she sees the video of Ray J Peeing on Kim? Get real Kanye, is this what you really want to marry? You can get help & do better. She can never hide from that video. It speaks volumes about who she is. I knew your mom. I spoke to her three weeks before her surgery. I tried to talk her out of having surgery because I felt she was doing it for the wrong reasons. She was doing it for you, to keep up in your superficial business. She was a beautiful person & got caught up in your fake world. I hope you will realize she made a mistake & wouldn’t want you to do the same thing. Please take time & listen to people who really love you. The Kadashians’ are not those people. Not one of them is educated. You come from a family of intellects, not wannabe’s. Make your mom proud marry someone your mom would be proud of. Not people who sleep with everyone but Lassie. Even Bruce’s boys’ have convinced him to get away. Do not be a fool any longer.

    • Sante

      I think he’s actually riding off her fame just like Jay Z did with Beyonce.

    • Sante

      He’s no better than she is. He doesn’t have any moral authority over her. He’s not more pure than she is.

  • Marie De Salle (IvyNoLeague)

    Kanye West is full of crap, first of all most of the big name fashion designers start of small with little to no help at help at all.Therefore in order to be mentioned among prestigious designers he must start from the bottom.Of course he won’t be able to do it on his own, but he doesn’t need these big corporation to do so. He just need a team around him to support his vision he has the funds , he has the friends in the industry that’s the first start. Look at Gianni Versace he started off small it seems like he has entitlement issues.
    It’s his attitude and rants not making these brand management companies not want to partner with him. That’s the way the industry work you need to learn to accept the word no,he’s like child when you tell them they can’t get a toy, and they throw a tantrum.Yes , it’s frustrating when people don’t support your dreams and visions,but it’s life.He isn’t losing relevancy because he focusing on fashion he is losing it because of his immaturity. I am pretty sure his true fans will definitely support if he cross over to do fashion.

    To me he’s making too much excuses, and expect things to be given to him.He need to figure out what he want to do rap, or be a fashion designer both require time and commitment. Rome wasn’t built in a day so his goal will turn into an empire if he remain patient.I pretty sure he has amazing ideas, but a weak execution. Learn the game, and invest in yourself if you don’t want people to control.Of course investors and companies are going to want to control you, you’re using their money. He need to enroll in some courses, or get tips from his fashion friends you do realize most of them go to school for it….they just don’t hop into it.

    • Sunshinegirl

      Entitlement issues? Ding, ding, ding! Who is he? I mean really? Balenciaga, or any of those big fashion houses, doesn’t give a flying squirrel about Kanye West!

  • Happy

    This interview had me crying i laughed so hard. I understand the premise of kanye’s anguish but his execution for proving a pt is wrong. Hes going around crying like a baby. He expects that he will be treated with entitlement. Thats not how the world works honey

    And i still have a big problem with him rationalizing the use of the Confederate flag and him discussing the President and First Lady (in other interviews) the way that he does.