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Cher Reveals Costly Career Mistake: "I Was So Stupid"

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Cher's Costly Career Mistake: Lessons in Self-Advocacy and Owning Accomplishments

Cher, the iconic singer with over 100 million records sold and numerous awards won, recently revealed a career mistake that continues to haunt her and cost her a significant amount of money. During an interview on BBC Radio 2's "Tracks of My Years," Cher admitted that she failed to ask for a songwriting credit on her Grammy Award-winning dance anthem, "Believe," despite penning one of its most memorable lyrics.

The Missed Songwriting Credit

Cher shared that she rewrote a lyric in "Believe" to make the second verse more empowering and less "whiny." The line, "I've had time to think it through, and maybe I'm too good for you," made it to the final version of the song. However, Cher's name did not appear in the songwriting credits, a decision she now regrets. She acknowledged that she could have earned a substantial amount of money if she had asked for the credit.

The Potential Cost of the Misstep

The exact financial impact of Cher's missed opportunity is challenging to determine, given the changes in songwriting royalty rates since the '90s. Rick Carnes, president of the Songwriters Guild of America, suggests that Cher could have earned at least $150,000 from the success of "Believe." However, considering the millions of copies sold and the song's enduring popularity, the actual figure could be much higher.

The Importance of Self-Advocacy

Cher's experience highlights the importance of advocating for oneself in the workplace. Failing to assert one's contributions and accomplishments can lead to missed opportunities, stagnation, and financial setbacks. Dr. Adia Gooden, a clinical psychologist, warns that constant self-doubt can result in procrastination, perfectionism, and burnout, ultimately hindering career growth.

Lessons from Career Experts

Career experts emphasize the need for clear communication and documentation of contributions. Julie Bauke, chief career happiness officer at The Bauke Group, advises individuals to be specific about their contributions and to document them in writing, such as through email updates or post-meeting memos. Using strong action verbs to describe accomplishments, rather than passive language, is also recommended.

Ownership of Accomplishments

Ultimately, individuals cannot rely solely on others to recognize their achievements. Building a case for oneself and having undeniable proof of contributions can help in owning accomplishments. Trusting that others always have one's best interests at heart may not be realistic, making self-advocacy a crucial skill for success. In conclusion, Cher's career mistake serves as a reminder of the importance of self-advocacy and owning accomplishments. By learning from her experience, individuals can avoid missed opportunities and the potential financial setbacks that can arise from failing to assert their contributions in the workplace.

Hot Take: Lessons from Cher's Career Mistake and Its Impact on New Business Formation

The recent revelation from iconic singer Cher about a costly career mistake offers valuable insights for new businesses. Cher's failure to claim a songwriting credit on her Grammy Award-winning song "Believe," despite contributing a memorable lyric, resulted in a significant financial loss.

Recognizing and Claiming Contributions

This incident underscores the importance of recognizing and claiming one's contributions, a lesson that new businesses can learn from. Startups should ensure that all contributors to a project or product are appropriately acknowledged and rewarded, fostering a culture of fairness and respect.

Financial Implications of Missteps

The potential financial impact of Cher's oversight, estimated to be at least $150,000, highlights the potential consequences of failing to assert one's contributions. New businesses should be aware of the financial implications of their decisions and actions, ensuring that they do not overlook potential revenue streams or undervalue their contributions.

Importance of Self-Advocacy

Cher's experience also emphasizes the importance of self-advocacy. New businesses, particularly those in competitive industries, need to assert their value and stand up for their interests. This can help prevent missed opportunities and ensure that they receive fair compensation for their work.

Building a Case for Oneself

Ultimately, new businesses cannot rely solely on others to recognize their value or achievements. They need to build a strong case for themselves, documenting their contributions and successes. This can help them negotiate better deals, secure more funding, and achieve greater success. In a nutshell, Cher's career mistake serves as a valuable lesson for new businesses, underscoring the importance of recognizing and claiming contributions, self-advocacy, and understanding the financial implications of their decisions.
Story First Published at: https://www.cnbc.com/2023/12/05/career-mistake-that-cost-cher-at-least-150000-dollars-i-was-so-stupid.html
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