Success is something that Sheila C. Johnson is certainly familiar with. A founding partner of BET Network Entertainment, Shelia landed on the Forbes billionaire list when the company was sold to Viacom in 1999 for an estimated $3 billion.

Following her success in the media industry, Sheila became the Vice Chairman of Monumental Sports & Entertainment and President of the WNBA’s Washington Mystics following the sale by the late Abe Pollin, Chairman of Washington Sports and Entertainment, to Lincoln Holdings, LLC. This deal made Sheila the first African-American woman to be an owner of three professional sports franchises, including the Washington Capitals (NHL) and the Washington Wizards (NBA).

Now, Sheila has entered into a new venture in a new industry. In 2005 she founded Salamander Hotels and Resorts, an ACG Corporate Growth Award-nominated luxury hospitality company poised to open the new Salamander Resort & Spa in Middleburg, VA in the coming months.

Sheila recently spoke to the ACG National Capital membership at February’s Strategic Growth Conference. During her time at the podium, she shared five essential lessons that business leaders should learn to run a successful enterprise. Here is what Sheila had to say: