Hey, Omar! This is a great question. If I remember, correctly, we may have discussed a topic similar to this while I attended your school last week.
Before I begin, I want to tell you a little about myself and why I have an expertise in this field. I have written and recorded a full album of hip-hop songs, directed, written, and produced music videos, produced instrumentals, etc. I have experienced the music industry business, managed artists, and created my own independent record label that still runs today. I have played the role of artist, music producer, executive producer, director, creative director, ghost writer, manager, and the list goes on.
Now, to answer your question, excelling in the music industry as a record producer comes with a balance of mastering technology; immersion into the past, present, and future culture of music; and learning to leverage your talents in a team setting.
Let's start with the technology piece: The music industry is fully invested in the power of technology. Learning how to use the technology to refine your style of music is important. Originality is key, and it can come from the MIDI keyboard, the DAW (Digital Audio Workstation. Some examples: Logic, FruityLoops, Ableton, etc), the sound packs you invest in, the type of microphone you use, the console the studio has for mixing, etc. So learn about the technology. Find a way to get into a recording studio, and learn how to use the technology. I'd recommend finding a local recording studio and offering to intern. Russell Simmons' book "Do You! The 12 Laws to Access the Power in you to Achieve Happiness and Success is great, and, at one point, he talks about showing up to a studio and offering to run coffee, sweep the floor, run the mail, whatever. Just get into the studio and watch, learn, and grow.
The second piece is the music: listen to it. Draw inspiration from the greatest and the not so well known. Kanye's entire success comes from his ability to sample classic soul records. He brought gospel music and soul hits into hiphop. Allow music to inspire you and inform your sound. Know the history of the music industry. Find a producer in the music industry and idolize them. How did Dr. Dre become Dr. Dre? How did Pharrell become Pharrell? Listen to everything: rock, country, hiphop, underground anything and everything, mainstream and otherwise. It's all important. Jay Z says music is beautiful because it connects cultures. It crosses cultural divides and allows us to share our stories. Your success as a record producer will come tomorrow, so don't focus on trying to be today's sound. Today's sound will be gone tomorrow, so be tomorrow's sound today.
The last piece of this is learning to work with a team: don't try to do everything alone. Network. Find producers to help with the piano chords while you work on the percussion arrangement. Ask your friend in the choir to sing the hook for you. Always collaborate. Even J. Cole, who produces and records his own stuff, always has a team of people in the studio making things happen with him. It's the nature of the game. It's a very collaborative industry. Not to mention, the recording producer is usually the visionary and the director of the project. So, delegating tasks and managing groups of people is something you'll do as you continue to expand and grow your career.
I know the most popular story of a record producer is the self-made one, but there are schools which offer a degree in Music Industry and Music Business. If you think that's something that may interest you, start looking into the college requirements for those schools. Here's an example in California:
I hope I've answer your question thoroughly. I am more than happy to give you more information, so feel free to comment on my response if you have any more questions.