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This is Billionaire Mark Cuban’s advice for entrepreneurs in one of the most eye opening interviews of 2019, revealing business and life lessons he’s never told before!
Billionaire Mark Cuban is known for his success in business, from his early days as a computer salesman to becoming the owner of the NBA’s Dallas Mavericks and one of the sharks on ABC’s hit show Shark Tank.
But in a recent interview, Cuban shared some personal insights and lessons that he’s never revealed before, giving entrepreneurs a glimpse into his mindset and approach to business and life.
The interview, conducted by CNBC’s “Squawk Box,” covered a wide range of topics, from Cuban’s early struggles to his current success and the lessons he’s learned along the way.
One of the biggest takeaways from the interview was Cuban’s advice for entrepreneurs. He emphasized the importance of finding your passion and being willing to work hard for it.
“Find something you love to do,” Cuban said. “If you’re not getting up every day excited about that, find something else.”
Cuban believes that success requires a lot of hard work and dedication, and if you’re not passionate about what you’re doing, it will be difficult to sustain that level of commitment.
He also stressed the importance of continuous learning and being open to new opportunities. “You’ve got to be willing to constantly learn, [and] don’t be afraid to fail,” he said.
Cuban’s own early struggles in business and his willingness to take risks have played a major role in his success. He shared a story of how he had to scrape together money for living expenses while starting his first business, MicroSolutions. He even took a job as a bartender and slept on the floor of the office to save money.
But through hard work and persistence, Cuban’s efforts paid off. He eventually sold MicroSolutions for millions and went on to start other successful businesses, including Broadcast.com, which he sold to Yahoo for a staggering $5.7 billion.
In addition to his business advice, Cuban also touched on the importance of living a balanced life. He admitted that in earlier years, he was all about work, but now he makes time for his family and himself.
“You’ve got to find a balance between living your life and grinding,” Cuban said. “I try to make sure that at least one day a week, I don’t do anything related to business. I’m just hanging out with my family [and] friends.”
He also shared his secret for staying motivated and avoiding burnout – setting short-term goals and achieving them. “I’m a big proponent of small victories,” he said. “I’ll try to get a win early in the day so I can feel good.”
But perhaps the most eye-opening revelation in the interview was when Cuban opened up about his regrets. Despite his success, he revealed that he wishes he had spent more time with his children when they were younger.
“I missed some of my kids’ events and games,” Cuban admitted. “That would be the biggest thing I would try to fix.”
His honesty and vulnerability serve as a reminder that even billionaires have regrets and make mistakes, emphasizing the importance of finding balance and prioritizing what truly matters.
Cuban’s advice and insights in this interview offer valuable lessons for both aspiring and established entrepreneurs. From the importance of finding your passion and working hard for it, to taking risks and constantly learning, his words serve as both inspiration and guidance for anyone looking to achieve success in business and in life.
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