While some billionaires use their money to stay out of the public eye, Mark Cuban does the opposite. It's sort of his M.O. Where others zig, Cuban zags and it's made him truckloads of money and turned him into a beloved celebrity.
Between being a fixture at NBA games (as owner of the Dallas Mavericks) and appearances on Shark Tank and Dancing with the Stars, Mark Cuban is truly the People's Billionaire. Cuban's not shy about sharing his opinions on business and life with the public and we're happy he does. It leads to entertaining (and insightful) quotes and sparks plenty of discussion.
Cuban's propensity for speaking his mind can draw the ire of some people, some of the time. But, you know you're getting an unfiltered and frank look into the mind of one of our most present billionaires.
Mark Cuban has given scores of quotes on business. Not everybody will agree with every take, but you can't discount Cuban's own success in the business world. Here are 5 Mark Cuban quotes that we agree with:
1. "It's not about money or connections — it's the willingness to outwork and outlearn everyone... And if it fails, you learn from what happened and do a better job next time."
Who you know and wealth do play a big role in success. But, they're ultimately trumped by working harder than everybody else. It's the ultimate equalizer. We're also huge believers in outlearning everyone. When you're open to learning and have a desire to constantly improve, results will follow.
2. "It doesn't matter how many times you fail. You only have to be right once"
Failure is an inescapable part of life and business, but that doesn't mean it's easy to accept. Keeping this mindset helps. Cuban went from bartender to millionaire to billionaire in short order. For all the ideas that didn't pan out, the one that did launched him into rarefied financial air. The key is to trying and don't let failures make you throw in the towel.
3. "Don't start a company unless it's an obsession and something you love. If you have an exit strategy, it's not an obsession."
Practical business advice for anyone. If you're half-heartedly going into a company, chances are, your work is going to show it. Making a company successful is incredibly difficult and taxing work. If you're obsessed with the kind of work and look forward to it, it makes the exhaustion feel earned, instead of exacted.
4. "When you've got 10,000 people trying to do the same thing, why would you want to be number 10,001?"
This is Cuban singing to the choir. Just as Cuban likes to ask 'What's next?', we're always looking for new ways to innovate and unbeaten paths to explore. If a single idea or concept is gathering a crowd, it's a smart bet to look somewhere else.
5. "If you're prepared and you know what it takes, it's not a risk. You just have to figure out how to get there. There is always a way to get there."
It's easy to become risk-averse when the stakes are high and budgets aren't bottomless. But, if you do your homework and prepare correctly, it's not much of a risk at all. "There is always a way to get there."
ART CREDIT: Angie Stiles Richardson
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