Don't start a company unless it's an obsession and something you love. If you have an exit strategy, it's not an obsession.

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.

I just try to have a good time, enjoy my family, enjoy my life. I was having a blast when I was poor, and I'm having maybe a little bit more now that I've got something in the bank.

Work like there is someone working twenty-four hours a day to take it all away from you.

Most people think it's all about the idea. It's not. EVERYONE has ideas. The hard part is doing the homework to know if the idea could work in an industry, then doing the preparation to be able to execute on the idea.

Do your homework and know your business better than anyone. Otherwise, someone who knows more and works harder will kick your ass.

One of the biggest mistakes entrepreneurs make is that we lie to ourselves. We don't step back and look at ourselves like a competitor would.