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 methods to run a small enterprise to what enterprise recommendation he’d give to newbies who’re simply getting began.
One viewer requested: “What are among the errors you would like you might have prevented as an entrepreneur, and what are among 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 way in which you need to be handled.
“I used to be 25 after I began my first firm after I bought fired, and I at all times thought I needed to be imply as a result of I used to be youthful than everyone else — and that was improper,” Cuban mentioned. “What I’ve realized over time is being good actually helps. Good sells, good makes you extra money.”
He adopted up with a easy philosophy, and one thing he appears for when investing in entrepreneurs — be sure you’re targeted on the precise issues.
“I used to be all enthusiastic about producing gross sales after I ought to have been extra enthusiastic about producing earnings,” Cuban mentioned, emphasizing that there’s a “huge distinction” between the 2.
“I at all times inform folks life is half random. And that is only a actuality for everyone,” he mentioned candidly. “I bought fortunate … You gotta have timing. I used to be actually fortunate in that.”
In response to Bloomberg, Cuban has an estimated internet value of $6.27 billion.