Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J.
Speaker 2: Trump's leadership.
Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
Speaker 1: Under President Trump, attempted illegal border crossings are at the
Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
Speaker 1: aliens have been arrested. If you are here illegally, your
Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,
Speaker 1: and deported.
Speaker 2: You will never return.
Speaker 1: But if you register using our CBP home app and
Speaker 1: leave now, you could be allowed to return legally.
Speaker 2: Do what's right. Leave now.
Speaker 1: Under President Trump, America's laws, border and families will.
Speaker 3: Be protected sponsored by the United States Department of Homeland Security.
Speaker 4: So let's talk about this international player. You're saying you're
Speaker 4: you're big all over a football curlent. A lot of
Speaker 4: people probably don't know that. How does that work? Like
Speaker 4: as far as like when did did you go to
Speaker 4: like each market individually. Did you see the landscape and say, okay,
Speaker 4: this Indonesia makes sense and China doesn't make sense? Like
Speaker 4: and how were you able to sustain that over the
Speaker 4: course of twenty years?
Speaker 5: So, man, I feel like this is inspiring, Chunky, you got.
Speaker 6: I gotta get it out.
Speaker 7: I was sitting in my off one day and my
Speaker 7: partner I distributed, and Norm came on me and said, hey, man,
Speaker 7: this guy wants a license, your your brand.
Speaker 5: Fool license. What the hell is a license?
Speaker 3: He said?
Speaker 5: Yeah, this is Jonah Cash. He's worth about six or seven.
Speaker 7: Billion dollars almos a Serious Towers, a couple of brands
Speaker 7: you may have heard of a guess Jordan ash he
Speaker 7: wants to do food ladies. Well, what do you mean,
Speaker 7: he said, with damon, you don't want to do lady
Speaker 7: We don't want to do ladies. Why, well, we don't
Speaker 7: make ladies clothes, I said, but I may close. Yeah, man,
Speaker 7: a gene in men's right aside thirty four. There's four
Speaker 7: sizes right, thirty four long, thirty four short, thirty four
Speaker 7: bag and thirty four slam a dnipan in women's for
Speaker 7: a size twelve, there's twenty one sizes.
Speaker 5: Right, the thighs is big, the gap in the back.
Speaker 7: Stretched crick thighs. He said, Yo, man, you don't want
Speaker 7: to do this.
Speaker 5: You want a license? What the hell is it like?
Speaker 7: It's like a lease. You you know they'll they'll they'll
Speaker 7: take this. You authorize, you put the models in, you
Speaker 7: authorize everything, and they'll give you ten percent if you
Speaker 7: will make your mouth, you're going to get fifteen percent
Speaker 7: of gross, meaning if they do one million dollars they
Speaker 7: probably will clear. In a good day, you'll clear twenty five,
Speaker 7: maybe thirty percent, three hundred thousand. They'll give you one
Speaker 7: hundred thousand dollars. I said, and what else I have
Speaker 7: to do? No?
Speaker 3: Nothing?
Speaker 7: You mean, no staff, no winvent already, no financial capital
Speaker 7: at arithm. No they're any And then so Jordash license
Speaker 7: the brand. They go do one hundred million dollars. They
Speaker 7: come back with ten million dollars and I'm like, I
Speaker 7: didn't have to do anything for this, No you didn't.
Speaker 7: You just have to keep the core customer happy. Then
Speaker 7: we go on license boots bags, ladies, fragrant.
Speaker 3: D da da da.
Speaker 5: I was like, holy, this is like stealing.
Speaker 7: This is like taking a cookie from a child, like
Speaker 7: a two year old, Give me a cookie, right, So,
Speaker 7: all of a sudden, they you want to license a territory.
Speaker 7: What do you mean license a territory? You want to
Speaker 7: try to go and build in Japan?
Speaker 5: No, why would I do that?
Speaker 7: Oh well, a trading company called Mitsubishi wants to license
Speaker 7: your brand in Japan. Okay, ten million dollars come in
Speaker 7: any other countries out there, and then we start rolling
Speaker 7: them out because we learned the value of license. Don't
Speaker 7: get me wrong. Licenses get me wrong too, because if
Speaker 7: somebody takes in a license and they don't value or
Speaker 7: respect your brand, and all of a sudden, your brand
Speaker 7: in this department store looking really good, and the lady's
Speaker 7: brand is out there on the corner of the street
Speaker 7: Meet and Soft Serve and they're just trying to move
Speaker 7: it really quick, and you're like, what happened? And it
Speaker 7: can it can kill your brand. So that's really what happened.
Speaker 7: We moved into into a lot of countries. Some work,
Speaker 7: some didn't. But you when you when we were in Japan,
Speaker 7: they want to wear more like characters like, so we
Speaker 7: had to say we'll give you fifty percent of the
Speaker 7: identification of the brand what it is here because they
Speaker 7: love hip hop, and.
Speaker 5: You can make your own.
Speaker 7: Fifty percent of the type of styze you like, will
Speaker 7: approve it, will approve all the advertising and all the marketing. Right,
Speaker 7: And that's how we moved the countries. Some countries work,
Speaker 7: some didn't.
Speaker 4: So somebody else is essentially I give you ten percent,
Speaker 4: and now everything is on me. I just get to
Speaker 4: put fooble on it. But I gotta manufacture it.
Speaker 3: I gotta I gotta put it.
Speaker 4: I gotta do all that stuff.
Speaker 5: You gotta go to trade shows.
Speaker 7: You gotta say your staff, every single thing is your job.
Speaker 7: And then when in a traditional license, what happened is
Speaker 7: is you you say, listen, I'll give you the first
Speaker 7: eighteen months equals a year, right.
Speaker 5: You got to develop the rand in six months, get
Speaker 5: it out there. That's one year.
Speaker 7: You got a three to five year license, right, so
Speaker 7: five years you run the license. If you hit all
Speaker 7: the things you're supposed to do and there's a minimum guarantee. Hey,
Speaker 7: we believe we're going to do one million the first year,
Speaker 7: five million, the second year, ten whatever case is on
Speaker 7: and on. You're supposed to get a minimum of whatever
Speaker 7: your license is ten percent, so million dollars a year.
Speaker 7: You know, no matter what happens, they got to give
Speaker 7: you one hundred thousand dollars. Now it's all like a partnership.
Speaker 7: What if you had a rough time, What if somebody said,
Speaker 7: what if I said something crazy about foolble windows hurt?
Speaker 7: They can either try to say I don't want the
Speaker 7: license no more. I can say, guys, I get it.
Speaker 7: Only give me fifty. But if they're doing really good,
Speaker 7: you can get five hundred thousands on that license, a million.
Speaker 7: Everybody wants to win, right, And that's how you do
Speaker 7: a license. And if you hit all the criterias and
Speaker 7: let's say five years, you get an automatic renewal every
Speaker 7: single year. Damn, I gave you one hundred, then I
Speaker 7: gave you this. I gave you that, I built this
Speaker 7: brand for you. I need an automatic renewal because I
Speaker 7: hit all the marks. Right, So these are the way
Speaker 7: licensing go is basically a lease. Right, It's like leasing
Speaker 7: a car or leasing an apartment. But again, if you're
Speaker 7: in Walmart, well your license maybe three percent because Walmart
Speaker 7: is going to do ten million a year automatically. But
Speaker 7: the margin is more smaller on the profit. So that's
Speaker 7: the way license is.
Speaker 8: Will do you think because the margins are so much
Speaker 8: smaller and maybe you get the ten million that maybe people?
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Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J.
Speaker 2: Trump's leadership. I'm Christy Nohm, the.
Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted
Speaker 1: illegal border crossings are at the lowest levels ever recorded,
Speaker 1: and over one hundred thousand illegal aliens have been arrested.
Speaker 1: If you were here illegally, your next you will be
Speaker 1: fine nearly one thousand dollars a day.
Speaker 2: Imprisoned and deported, you will never return.
Speaker 1: But if you register using our CBP home app and
Speaker 1: leave now, you could be allowed to return legally.
Speaker 2: Do what's right, leave now.
Speaker 1: Under President Trump, America's laws, border and families will be protected.
Speaker 3: Sponsored by the United States Department of Homeland Security.
Speaker 8: That are in the fashion world, especially from our culture,
Speaker 8: decided to go with the sell route rather than what
Speaker 8: route selling the company because we've seen people sell their
Speaker 8: clothing brands rather than going the route of leasing. They
Speaker 8: might not even know them, that was the other part,
Speaker 8: or are they weren't educating in.
Speaker 7: The you know, you know businesses. Everything is in art,
Speaker 7: right and money. If you are running a business, often
Speaker 7: the boss doesn't get paid.
Speaker 3: Right.
Speaker 5: It's a huge cab suck.
Speaker 7: You're bringing the money, You're investing some here, you're investing
Speaker 7: some there, right and you're paying for all the great
Speaker 7: people that work for you, the advertise in the marketing,
Speaker 7: and you don't get paid. We happened to have a
Speaker 7: great distribution deal. We had another trading company, Samsung, who
Speaker 7: was manufacturing and distributing on clothes right, and we were
Speaker 7: being able to finanswer through there. But you often have
Speaker 7: to raise funds and sometimes people sell to take money
Speaker 7: off the table. Sometimes they sell because they go I've
Speaker 7: been I've had plenty. I hear this about, I hear
Speaker 7: this about. I don't know ten times a year. I
Speaker 7: was the richest, poorest man or woman in the room.
Speaker 7: Why I was doing two hundred million dollars. I lived
Speaker 7: a great life, cars, that's whatever. But I wasn't saving
Speaker 7: enough because if I even made an extra ten million,
Speaker 7: I'm putting it back in the business. So now a
Speaker 7: public company came in and took me out right and
Speaker 7: gave me took out fifty one percent. I took a
Speaker 7: good amount of money at the table. I got an
Speaker 7: now work for it for three years of the face
Speaker 7: and operated no problem. So you'll always come across those challenges.
Speaker 7: That's a very personal decision.
Speaker 5: Why are you in business?
Speaker 7: Do you want partners do you want to be taken out.
Speaker 7: There's a lot of people who've had companies who end
Speaker 7: up not having anything at the end of the day
Speaker 7: because they put the money in so much. Everybody got paid.
Speaker 7: You know one person who got paid more than all
Speaker 7: of us, our gene maker in the beginning. You know
Speaker 7: what he said, guy from China. He said, I don't
Speaker 7: care if you make a gene for four dollars, you
Speaker 7: make it a fifty dollars.
Speaker 5: I want one dollar a gene.
Speaker 7: I will, I'll handle it, I'll i'll get the buttons,
Speaker 7: I'll put the sewing. All the things you want together,
Speaker 7: I'll put together, I'll package, I'll queer customs whatever.
Speaker 5: He made one dollar a gene.
Speaker 7: Five years in he made thirty million jenes. He didn't
Speaker 7: have any staff, he didn't have to do any advertising,
Speaker 7: any marketing. So there's a lot of people who are
Speaker 7: gonna get paid often and you don't. You'll turn around,
Speaker 7: you have a tail store. But who got paid. I
Speaker 7: give you a I'll give you an instance. One of
Speaker 7: my buddies, really wealthy real estate guy. He talks to
Speaker 7: a huge, huge celebrity that we all know, we all
Speaker 7: know of.
Speaker 5: Not an African American celebrities. Happened a celebrity.
Speaker 7: And the guy was like, yeah, you know, I'm opening
Speaker 7: all these stores in these areas and he has all
Speaker 7: a lot of different type of stuff. He said, Oh, cool,
Speaker 7: you owning in the stores. He said, no, No, I
Speaker 7: don't know.
Speaker 3: I don't ownly in that real.
Speaker 5: Estate, you know.
Speaker 7: And let's say, I'm not gonna say what he's selling,
Speaker 7: because you know, you'll know what he's selling. He's changed
Speaker 7: his business now. And he was on the phone with
Speaker 7: these big agents, these agents.
Speaker 3: On the phone with him.
Speaker 7: He was on the phone. Everybody, everybody's on the phone,
Speaker 7: and he just kind of wanted to talk to my
Speaker 7: real estate guy. My real estate guy said, let's say
Speaker 7: he was just selling I don't know, let's say he
Speaker 7: was selling juices, green drinks. And he said, so you
Speaker 7: don't even real estate.
Speaker 5: He said no.
Speaker 7: He said, you're.
Speaker 5: A fucking schmuck.
Speaker 3: That's crazy.
Speaker 5: He said, what the agent's on the phone. You can't
Speaker 5: talk to him like that.
Speaker 7: He's one of the biggest stars in normal And he said,
Speaker 7: hold on, why you call me a smug You got
Speaker 7: to deal with bringing in the juice, making the juice
Speaker 7: to employees. The taxes, all the kinds of advertising marketing.
Speaker 7: I get paid whether you sell a goddamn juice or not.
Speaker 7: You're a schmuck. Everybody hung up the phone. Yo, you
Speaker 7: can't talk to him like that. He's not used to
Speaker 7: talking like I know why he's not like. You know
Speaker 7: why he's not used to talking like that because you're
Speaker 7: busy trying to make twenty percent of every deal you do,
Speaker 7: And I get it. You don't want to tie him
Speaker 7: up with people who may not do the right or
Speaker 7: the wrong thing with him, so you don't look crazy.
Speaker 5: But he's a schmuck.
Speaker 7: That star called the guy separately, flew out to where
Speaker 7: he was and was like and sat with him for
Speaker 7: three days and said, let me look through your paper
Speaker 7: as if possible.
Speaker 5: You know, kind of mentor me. Now that guy owned
Speaker 5: all the real estate.
Speaker 7: But there's a lot of people who can get paid
Speaker 7: out of your business, and you don't if you don't
Speaker 7: tweak things the right way.
Speaker 4: That's a fact. Pretty much working to pay everybody else.
Speaker 4: Everybody's getting paid hisself for you.
Speaker 7: That entrepreneurship at the time, because when you start, you
Speaker 7: don't own anything. When you start, you want to you
Speaker 7: want to solve a problem, right, you know, you guys
Speaker 7: started by wanting to solve a problem. There's something out
Speaker 7: there that is not entertaining but educating. And we want
Speaker 7: to make sure we bring in a certain way. And
Speaker 7: we wanted to be a value to a very certain community.
Speaker 7: But we want to bring everybody out there. And once
Speaker 7: it's a value here, it'll it'll flow, no problem and
Speaker 7: and and we just want to solve a problem. You
Speaker 7: guys didn't own microphone, the microphone company. You didn't own
Speaker 7: the camera company. Now you can honestly do more of
Speaker 7: what you have and and do things. But when you start,
Speaker 7: all you're trying to do is solve a problem. You're
Speaker 7: not thinking about owning anything. All you need is help, right,
Speaker 7: And that's that. But where during that time do you
Speaker 7: switch and say? Barbara Corkroon always say it was the
Speaker 7: building she owned more than the building she sold, that
Speaker 7: she realized she made more money, she decided to put
Speaker 7: bigger offices in bigger building that she owned.
Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J.
Speaker 2: Trump's leadership. I'm Christy nom the.
Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted
Speaker 1: illegal border crossings are at the lowest levels ever recorded,
Speaker 1: and over one hundred thousand illegal aliens have been arrested.
Speaker 1: If you are here illegally, your next you will be
Speaker 1: fined nearly one thousand dollars a day, imprisoned, and deported.
Speaker 2: You will never return.
Speaker 1: But if you register using our CBP home app and
Speaker 1: leave now, you could be allowed to return legally.
Speaker 2: Do what's right. Leave now.
Speaker 1: Under President Trump, America's laws, border and fire families will
Speaker 1: be protected.
Speaker 3: Sponsored by the United States Department of Homeland Security.