Billionaire Mark Cuban is aware of a factor or two about what it takes to be a profitable entrepreneur — and this week, the Mavericks proprietor appeared on “Good Morning America” to inform the world.
The “Shark Tank” star took viewer questions starting from how one can run a small enterprise to what enterprise recommendation he’d give to newbies who’re simply getting began.
One viewer requested: “What are a number of the errors you would like you could possibly have prevented as an entrepreneur, and what are a number of the largest errors that first-time entrepreneurs fall sufferer to?”
Cuban responded with one thing that almost all of us are taught early on in life — to deal with others the best way you need to be handled.
“I used to be 25 once I began my first firm after I obtained fired, and I all the time thought I needed to be imply as a result of I used to be youthful than everyone else — and that was incorrect,” Cuban mentioned. “What I’ve realized over time is being good actually helps. Good sells, good makes you more cash.”
He adopted up with a easy philosophy, and one thing he seems for when investing in entrepreneurs — ensure you’re targeted on the suitable issues.
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“I used to be all enthusiastic about producing gross sales once I ought to have been extra enthusiastic about producing earnings,” Cuban mentioned, emphasizing that there’s a “massive distinction” between the 2.
Final month, the “Shark Tank” star spoke with GQ about his early entrepreneurial days, crediting a lot of his success to a mix of luck, timing, and naturally, exhausting work.
“I all the time inform folks life is half random. And that is only a actuality for everyone,” he mentioned candidly. “I obtained fortunate … You gotta have timing. I used to be actually fortunate in that.”
In response to Bloomberg, Cuban has an estimated web price of $6.27 billion.
