Masters of Moments
From NBA All-Star to Entrepreneur - Jamal Mashburn on his Business Empire
Jamal "Monster Mash" Mashburn played 12 years in the NBA and was an All-Star who averaged 19 points over his career. In his post-NBA life, Jamal has built an impressive portfolio of investments that include restaurants, car dealerships, hospitality, waste management and transportation.
In this episode, Jake and Jamal discuss:
- Jamal's operating portfolio
- Finding jockey's for businesses Jamal invests in
- Developing a growth mindset
- Underwriting, acquiring, and exiting businesses
Connect & Invest with Jake:
Follow Jake on Twitter: https://twitter.com/jwurzak
Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/
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Links:
Topics:
(00:02:14) Jamal’s first inklings for entrepreneurship, playing in the NBA, and operating portfolio today
(00:13:54) Doing a deal with Outback Steakhouse
(00:16:28) Finding a great Jockey of a business and being part of the foundation of an investment
(00:20:42) Developing a growth mindset
(00:34:55) Choosing Kentucky for college
(00:38:12) What are some of your major insights in your career post-NBA?
(00:44:04) How do you communicate that you don’t know everything without feeling pushed around?
(00:47:51) What have you learned from operating over multiple business cycles?
(00:51:17) Finding success in the car business
(01:00:29) How do you think about exiting a business?
(01:04:23) How difficult has it been with labor in some of these businesses?
(01:10:28) How do you keep a pulse on all of the businesses you’re involved in?
(01:15:03) How do you underwrite a small business?
(01:22:43) Are there any niche sports teams or industries that would be interesting to acquire?
(01:32:51) What is your favorite hotel?
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