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 the way to run a small enterprise to what enterprise recommendation he’d give to newbies who’re simply getting began.
One viewer requested: “What are a few of the errors you want you may have prevented as an entrepreneur, and what are a few of the greatest errors that first-time entrepreneurs fall sufferer to?”
Cuban responded with one thing that the majority of us are taught early on in life — to deal with others the way in which you wish to be handled.
“I used to be 25 after 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 flawed,” Cuban mentioned. “What I’ve discovered 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 appears for when investing in entrepreneurs — be sure to’re targeted on the fitting 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 “massive distinction” between the 2.
“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.”
Based on Bloomberg, Cuban has an estimated internet value of $6.27 billion.