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Los Angeles (NBCNews)–Magic Johnson had some advice from up and coming business owners at a conference in Los Angeles designed to bring together investors and business owners from the inner city. NBC Los Angeles reports:

“What you could do is rub elbows with them. Trade information. Tell them what you’re doing, what your business is, why you’re trying to get capital. Probably how much, what’s your business strategy. You can do everything in a day that I had to wait for years to do,” according to Johnson, keynote speaker.

The Initiative for a Competitive Inner City (ICIC) teamed up with the Small Business Administration, and Bank of America to invite than 100 growing inner city companies from around the nation to pitch their ideas to potential investors here in Los Angeles.

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