State of Business Magazine, Fall 2006, Going Global for an MBA
  vol. XVIII no. 2

Fall 2006 contents
Dean's Letter
Rajeev Reports
In Brief
To The Point
State of Business 
				    Information








What Money Can (and can't) Do

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In fact, how a person deals with setbacks may be one of the most telling predictors of business acumen, according to Marcus. "All of the really successful entrepreneurs have had a career-breaking moment or some very large disappointment that they overcame. They learned from those experiences, which gave them a lot of strength."

A Challenging Moment
His own challenging moment came in 1978 when he was fired (along with Blank) from Handy Dan Home Centers at age 49. But he had a choice to dwell on why it happened, or to learn from the experience and move on. Marcus did the latter and chose a path to prevent ever being fired again. With the backing of an investment banker, he and Blank opened their own business, and in that bold move, they made retailing history.

Marcus believes others can learn from his experience. "Don’t ever get into anything just to make money," he counsels. "Go into something you enjoy. For me, that was retailing. When customers would tell me, ‘What a great company you have,’ well, that was like putting new blood in my veins. If all you ever think about is money, money, money, you’re going to be very disappointed. It’s the balanced life that makes us happy."

Balance through Giving
For Marcus, that balance comes in giving back. Raised in a Jewish household steeped in the concept of tzedakah, he has spent his life finding ways to share his good fortune. Even before Marcus had any extra money to speak of, he was serving on foundation boards and raising funds for good causes. Now, through the Marcus Foundation, he supports programs and initiatives for children, Jewish causes, medical research, and the free enterprise system. The Marcus Institute, founded and funded by Marcus, is a nationally known center of excellence, providing comprehensive services for children with developmental disabilities, including autism.

"While I have no child with autism myself, I have lived that life through the employees who have these children," Marcus says. "One in 166 children born is diagnosed with autism, but the condition has been overlooked in Georgia. That’s where an entrepreneur can step in and start doing things."

Bernie Marcus at Gerogia AquariumThe Biggest Fish
Marcus’s most recent philanthropy came from a $200 million donation that made possible the Georgia Aquarium. His voice swells with pride as he reports that the aquarium, which

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