Michael Jordan is considered by many to be the greatest basketball player of all time. But what many people don’t know is that he’s also a successful businessman. Jordan has invested in various businesses over the years, and he continues to make smart investment choices that have made him one of the richest athletes in the world.
In this blog post, we’ll look at Michael Jordan’s business ventures and explore why they’ve been so successful. We’ll also discuss some of the lessons MJ has learned about business along the way and also that What Does Michael Jordan Do Now? So, if you’re interested in learning more about one of the most successful business people in history, keep reading!
Jordan’s first foray into business came in 1984 when he signed a deal with Nike to endorse their products. The deal was worth $500,000 per year, making Jordan the highest-paid athlete endorser at the time. But more importantly, it laid the foundation for Jordan’s future success as a businessman. The Nike deal showed Jordan that he could use his public persona to generate income and build his brand. It also taught him the importance of making smart investment choices.
Since the Nike deal, Jordan has invested in several businesses, including restaurants, real estate, and fitness companies. He’s also become a minority owner of the Charlotte Hornets NBA franchise. In each case, Jordan has chosen to invest in businesses he’s passionate about. This allows him to stay involved with the day-to-day operations of the businesses and ensure that they’re run in a way that reflects his values.
One of the most important lessons that Jordan has learned about business is taking risks. He’s never been afraid to try new things or take on new challenges. This willingness to take risks has helped him achieve massive success on and off the basketball court.
So what can we learn from Michael Jordan’s business career? First and foremost, we should always be willing to take risks. Secondly, we should invest in businesses that we’re passionate about. And finally, we should never forget the importance of building a strong personal brand. By following these simple tips, we can all hope to achieve MJ’s level of success.
Michael Jordan is a great example of turning your public persona into a business asset, and he’s also shown us the importance of diversification and taking risks. If you want to succeed in business, you can learn a lot from MJ.
So far, we’ve looked at some of what makes MJ so successful as a businessman. In this last section, let’s look at his advice on risk-taking and diversification. According to MJ, “You have to be able to accept failure.” As an entrepreneur, you will face plenty of failures along the way – it’s just part of the process. But if you give up every time something.