Lessons - The Beyonce & Solage Family Business | Mathew Knowles - Speaker, Corporate Consultant, and Advisor

So what do you focus on that? What moves the needle for you personally knowing that life is precious? What moves the needle for me is family. And there was a part of that crisis in my life that I lost my family. And unfortunately to say I'm regained my family. And I realized how just how important that is, family, and being connected. And for me, that's the most important thing is something that I continuously work on. I put effort and the emphasis on working on connecting with my kids. That's really important to me. And I'm curious, like, you're the patriarch of one of the most famous music families in the world. But there's a lot of other families that are trying to work through, you know, businesses together. I know even my girlfriends who work with her to sisters. And I think that from your advice, given the given the level that you've played at, what are some of the lessons, some of the business lessons, some of the life lessons of working so intimately with family? How do you navigate that relationship? Question because, you know, we had House of Dairy on Clothing line that made my former wife and Beyonce will partners in. You know, my former wife was a stylist. I'm going to create the image of Destiny's Child, did an exceptional job. I matched both of my daughters. They built on my record label, Kelly Wallin. It was like a daughter. She lived with us since she was 12 years, left, and 12 years all. So I look at her as a daughter as well. And it's difficult because the challenge is knowing when to let business go. And by that, what I mean, I could be talking about, you know what, I'm going to be on Scott's show tomorrow. And somehow in my, in our kitchen, that would get to business. Do you think that, you know, let's fast forward to somebody who's later on in their career and they're trying to build something. They're an entrepreneur and they're, you know, they feel like they found their passion, but it's not working out like they're showing up every day failure, failure, failure, roadblocks failure. When, when do you know that something at a later stage, a good parenting lesson you just gave at a later stage, somebody's trying to build something. When do you know it's not a passion? When do you know it's not something that you should be doing? When do you throw in the towel? When do you double down? You know, that's a really good question. When do you throw in the towel? You know, the question is, have you given it all that you can give? The question is, have you done the things we require? Have you got knowledge? Have you really got gone as seat and soft the type of knowledge that you need to really be good at what you're doing? And oftentimes, oftentimes the answer is no, you haven't done all, you haven't checked off all the things you need to do to really be successful. That's more than not. And yes, this is always some, you know, times there be like this, this is not going to happen. I've had to have to wear artists where I chip coughing up money and money and money, but my kept blinders long that they just didn't have it. They just weren't passionate about it. They didn't want to put in the work to be great at it. And that's the same type of example. And so I experienced that in the record industry as an executive. Many times I've had to unfortunately drop artists. And for those of you don't know what that means, that's like when you get fired. We call it, we drop you, you call it, we fire at you. So, you know, sometimes I had to fire off artists. It is a very difficult thing, but you didn't realize this decision you have to make for the best of a company. And it often is for the best of them because it's just, it goes back to that passion thing. I don't know. Because generally anybody that's extremely passionate, they had to throw in a towel. I guess then the question is, say everyone's bought into this concept and they should be, but the question is, how do they find that? How do they, how do they find that? Because you went through multiple iterations. I wanted to be the number one sales rep in the world. That was what I love selling. I love marketing. I still to this day love selling and marketing. I'm selling now. Marketing now. Yeah. You're right. I always knew that. So you're saying that passion, that passion is, it's not that the industry was the passion. It's like the activity was the passion. And you just pivot where you focus that energy. Well, sometimes, you know, we make it very complicated. I'm a god of bullet beliefs and simplicity. It's just because I talk about, you're right. Most people don't know their passion. How about we take a pen and a piece of paper and just write down the things we love to do? How about we just start right there, just a pen and paper and write down everything? What do you love doing? Because what most people, and you know a lot of successful people, Scott, their success is often in things that are not the norm, not the major name,