Who is Chaim Witz? You may know him better as Gene Simmons. My admiration of Gene extends only to his attitude towards business, and not to his personal attitude – just ask Terry Gross of Fresh Air Fame (although it may be argued it’s all part of his brand).
KISS was one of the first bands to own their own merchandising and made much more money of the KISS brand than they did the music that they made.
There is a great Q&A with Gene at BusinessWeek.com where he talks about entrepreneurship, capitalism, flying commercial and the benefits of fame, but the best quote is about failure:
One of the things that distinguishes most entrepreneurs is their ability to fail and pick themselves up and try again—has that been your experience?
I fail all of the time. It means nothing.