Name your label after something a generic or trendy slang or anything money or drug related like BossUp Ent or any simple shit.
Don't get a business license.
Change your Facebook occupation to CEO. *example CEO of BossUp Ent*. Changing it to CEO will persuade yet trick your peers that you are an important person but you don't practice CEO duties & responsibilities
Never sign talented rappers instead turn your home boys into over night rappers.
Last but not least, never take your CEO title serious. Freestyle on FB live sometimes but never put out music. Always hangout on your front porch, smoking & etc with your click like y'all working