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What Entrepreneurs can Learn from The Real Housewives of Atlanta

Submitted by admin on Monday, 15 November 2010No Comment

My obsession with Bravo’s The Real Housewivesbegan a few years ago with the women from Orange County. Since then, I’ve developed a love-hate relationship with the girls of Hotlanta. At times, I can totally relate to what’s going on in their lives, but there are moments when I could do without the ratings-driven drama and stereotypes of black women.

As with anything I watch on TV, there has to be some educational element built into the show or it’s not worth my time tuning in. The lessons aren’t always obvious so it’s important to pay close attention and catch the reruns if necessary. Here are a few takeaways from the season thus far.

GOALS

Reality Check: have a plan before you start. It doesn’t have to be detailed, but do map out next steps. If the only reason you’re getting in the game is to become the next one-hit-wonder, you’re better off watching from the sidelines.

CONTRACTS

When Grammy award-winning singer/songwriter Kandi Buress produced Kim’s single, she did so without having a binding legal contract. Surprising since Kandi’s professional music industry experience dates back to 1992.

I’m sure Kandi did this only because the two are friends, and as a result, she forfeited any rights to profit off the project. Buress stated if she works with Zolciak in the future, she’s treating it like business as usual and getting paid accordingly. I can’t fathom Buress herself not officially signing on the dotted line last year with Capitol Records, although that deal has since dissolved.

Reality Check: Business attorneys aren’t exclusively reserved for tycoons, pro athletes, and major corporations. Sooner or later you’ll need legal advice. Interview a few and have one on stand-by for when the need arises.

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