Earvin “Magic” Johnson Gives Advice To Entrepreneurs

Earvin "Magic" Johnson told the entrepreneurs "You have to understand who to partner with and get mentors."
Earvin "Magic" Johnson told the entrepreneurs "You have to understand who to partner with and get mentors."

Basketball legend turned entrepreneur Earvin “Magic” Johnson was in Columbus Wednesday to help kick off the 2013 Black Enterprise Entrepreneurs Conference.

Magic Johnson dispensed business wisdom at a press conference in Columbus. He said that elected officials are a necessary component if a community wants to foster minority businesses.

“The number one thing is you have to have a partnership between public and private. If you have that, then things get done. And you have to have a mayor and a city council that say, ‘Hey you know what? We want to attract visitors and investors here to our city.”

Johnson says his own business success came about through a variety of circumstances.

“I was just blessed that I could get just a great money manager, a great business manager, accountant, and so on,” Johnson says.

“Then you have to be very disciplined. Most guys, unfortunately, spend more than they make. And then you have to understand who to partner with and get mentors.”

This is the first year that the Black Enterprise Entrepreneurs Conference has been held in Columbus. About 1,200 of the country’s leading small business entrepreneurs and corporate executives are attending.

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