Entrepreneurial Wisdom from Magic

At a keynote speech at a banking forum, Magic Johnson made several philosophical comments that are worthy of consideration by Entrepreneurs.

Magic is a self-made, successful Entrepreneur and highlighted three principles of his business philosophy:

  • Make Money and Do Good – Magic believes that Entrepreneurs should make money, but in the process of doing that they should also do something good for the community or society
  • Partner, Partner, Partner – Magic attributes his success to strategic partnerships. He stressed that Entrepreneurs should complement their skills and strengths (and weaknesses) with key partnerships with others.
  • Focus Making Money for Partners, Not Me – Concentrating on making money for his partners is Magic’s focus. If he is succesful doing that, money for him will definitely follow.

Magic offers thoughts that Entrepreneurs should seriously consider. Do the Right Things!

Ravi Patel

 

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