Magic Johnson Has Magic Touch In Biz


Almost nobody would question Earvin Johnson’s skill on the basketball court. But in his second career as an entrepreneur, there were doubters from the start.

Johnson, best known by his nickname “Magic,” remains one of the best players to ever don the gold and purple Los Angeles Lakers uniform.

Executives he pitched on a business idea developed when still a player – opening high-quality movie theaters and restaurants in inner-city neighborhoods – often didn’t see what he saw. Instead, “they saw me as just a basketball player,” he says from inside his modestly decorated offices in Beverly Hills.

In his recently released book, 32 Ways to be a Champion in Business, Johnson wrote that executives would “hand me a basketball and ask for an autograph, but they did not want to hear my pitch for investing in neighborhoods populated by blacks.”

But Johnson says he had a dream and a concrete plan. While traversing the urban hearts of cities in team buses to basketball games, he saw boarded-up businesses and a lack of retail outlets. He told himself he’d help revive some of those neighborhoods when he could, he says.

And that’s the magic of Magic. While other executives steered clear of urban areas, Johnson saw opportunity. His business plan, his overtime performance after basketball, was to bring established retail brands to the inner cities by tailoring them to the residents.

Continue reading “Magic Johnson Has Magic Touch In Biz”

Photo by

Leave a Comment

Your email address will not be published. Required fields are marked *