Reflections on Success Tracey Edmunds

In terms of strategies for success, what I've always adhered to is preparation. The first preparation for the entertainment business is a college degree, which is absolutely essential in this extremely competitive industry, especially on the executive level. If possible, you should then continue your education to get a higher degree. Taking classes in film and TV production will help you tremendously. Immerse yourself in your desired field, whether music, film, or TV. Read everything related to your field you can get yours hands on.

Also try to take advantage of internships at production companies. They may not pay you, but at least they will enable you to get your foot in the door and provide you with access to key people. Talk to individuals who have entered your chosen field who have achieved success. I'm a strong believer in networking and sharing information, which I do constantly. I also attend many business breakfasts and lunches. I'm always asking questions, picking people's brains, such as "How did you get the studio to give you the green light on that project when you didn't have the required budget?"

When I attained my first record label, and started my first TV and film projects, there were many people there to help me, especially other women. So it helps to start building relationships early, and keep building them. Finally, you have to be as resourceful as possible. Keep pursuing your dreams and goals, no matter how many people turn you down. You have to learn that when people say no, that just means you have to find another way. There are now more opportunities than ever for minorities in the entertainment industry. There are a lot more minority‑driven production companies. But there is still much to be done. The number of minority talent agencies are far and far between. And, there are still so few minorities at the network and major studio levels. So, there are opportunities for you. But there are also opportunities you must create. So prepare yourself.

Tracey Edmonds is the president/CEO of YabYum Entertainment and the Edmonds Entertainment Group. She produced the box office hit, "Soul Food."