After Victor Ibrahim died, the speaker became managing partner and realized informal knowledge wouldn't save the firm. He had to actively educate himself and adopt an entrepreneurial mindset to prevent failure. Business knowledge shifted from optional to essential for survival.
When did you start realizing that having an understanding of business was going to be a key component for your success? I think that that's a great question. And so as we go back, and so the practice was founded by 3 of us. It was myself, David Wang, and Victor Ibrahim, who has since passed, unfortunately. It wasn't until when Victor passed and I took over as managing partner, I realized that Okay, I can't play at this anymore. I have to educate myself, do the work to really become an entrepreneur, to understand business. Otherwise, this thing can fail. And that's really what I really became, the managing partner. That's really when I was like, okay, this is not a game anymore.
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