Billionaire Mark Cuban is aware of a factor or two about what it takes to grow to be a profitable entrepreneur — and this week, the Mavericks proprietor appeared on “Good Morning America” to inform the world.
The “Shark Tank” star requested viewers questions starting from how one can run a small enterprise to what enterprise recommendation he would give to startups.
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One viewer requested, “What are a few of the errors you need to keep away from as an entrepreneur, and what are a few of the largest errors first-time entrepreneurs make?”
Cuban responded with one thing most of us are taught early in life – to deal with others as you need to be handled.
“I used to be 25 once I began my first firm after I acquired laid off, and I at all times thought I needed to be imply as a result of I used to be youthful than everybody else — and that was fallacious,” Cuban stated. “What I’ve realized over time is that being good actually helps. Good sells, good makes you extra money.”
He continued with a easy philosophy and one thing he seems to be for when investing in entrepreneurs – ensure you’re centered on the appropriate 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 stated, noting there was a “large distinction” between the 2.
The “Shark Tank” star spoke final month. GQ about his early entrepreneurial days, attributing a lot of his success to a mix of luck, timing and, in fact, exhausting work.
“I at all times inform folks that life is half random. And that is simply the truth for everybody,” he stated actually. “I used to be fortunate… It’s a must to have timing. I used to be fortunate with that.”
In line with BloombergCuban has an estimated internet price of $6.27 billion.