Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don't do it.

Don't get caught up in how many hours you work. Judge success based on having goals and measuring your results. Hard work, and lots of it, is certainly needed, but focus on what you get done.

If you think back to the first sporting event you went to, you don't remember the score, you don't remember a home run, you don't remember a dunk. You remember who you were with. Were you with your mom, your dad, your brother, on a date?

I wouldn't be where I am now if I didn't fail ... a lot. The good, the bad, it's all part of the success equation.

Do the things that make perfect sense to you, [and] don't be afraid to shout it from the mountain tops just because it's outside the box or against the grain in your industry. More often than not, you're probably going to be right.

You always have to know what business you are in. Everybody thought we were in the basketball business. It's an NBA-team; we are not in the basketball business. We are in the business of creating experiences and memories.

Sales Cure All. Know how your company will make money and how you will actually make sales.