Home Black Business Entrepreneur Michael Baisden Offers Excellent Advice on Moving On

Entrepreneur Michael Baisden Offers Excellent Advice on Moving On

1278
SHARE

michael-baisdenMichael Baisden just lost his contract of 10 years broadcasting his radio show on over 20 radio stations nationwide. Baisden owns his own show and used Cumulus media to garner affiliates (stations) to run it. His commentary is below about the situation.

Michael Baisden Commentary: A Man With A Plan And A Man Of Principles

I don’t understand why people get so angry when they get fired from a job or dumped in a relationship. Didn’t they see it coming? Or are they so caught up in the “vapors” that they develop a case of selective amnesia?

The day that someone comes to work for me, I tell them to start planning for life after radio. “What is your plan?” I ask them. And if we’re within 3 years of the end of a contract I have a meeting with my staff and tell them, “Start planning to leave, now!”

When someone let’s you go in business or relationship, there’s no time for anger, that’s the time to execute your plans. That’s right, I said plans with a capital (S) because you’d better have a plan A, B, and C. And D, if possible.

Today’s world is not the one our parents grew up in where you can expect to work 20 to 30 years in a factory, get a pension with benefits, and live happily ever after. Those days are long gone! You better start planning for retirement at 25 if you’re serious about having enough money to enjoy your golden years! It’s that serious.

Life after radio for me is not going to be an issue because unlike many celebrities I did not spend my money on fancy cars, making babies all over town, purchasing big houses, and bling blinging with extravagant jewelry.

My truck is 5 years old, I have one daughter and she is about to graduate college next month, and instead of buying one of those huge “MTV Cribs” I invested most of my money into rental properties. As the saying goes, “If it’s on your ass…it’s not an asset!”

We must stop being slaves to our possessions. When we do that we put ourselves at the mercy of those who would take advantage of us. Stop showing off, being flashy is a sign of insecurity. Real wealth does not show off, it moves in silence.

And above all else, we must set standards and stick to them. Yes, my radio career is over….FOR NOW! And although I may not have the same paycheck come April 1st, I can look at the man in the mirror and be proud of the reflection of the person looking back at me. And that’s what being a real man and woman is all about, having your business in order and standing by your principles.

Good Night Family
Michael Baisden

SHARE
Kevin "KevRoss" Ross is a music and radio industry expert. He is a 20 -plus year entrepreneur with the leading most successful industry trade publication and site Radio Facts (www.radiofacts.com). He has also published various books, magazines, performed marketing and promotions for major corporations and recording artists and he is on the advisory board of several industry organizations. This year Ross introduced his non profit organization LOMARI (Leaders of the Music and Recording Industry) to help teach young minority students how to market and manage their music and products.

LEAVE A REPLY

Please enter your comment!
Please enter your name here