“Mark Cuban (born July 31, 1958) is an American businessman, investor, and philanthropist. He is the owner of the National Basketball Association’s Dallas Mavericks, Landmark Theaters, and Magnolia Pictures, and the chairman of the HDTV cable network AXS TV. He is also a “shark” investor on the television series Shark Tank. In 2011, Cuban wrote an e-book, How to Win at the Sport of Business, in which he chronicles his life experiences in business and sports.”
If you read Mark’s history of making money, he started humble by working as a bartender then reselling some software. Then he started some web-casting website, made his money by selling it to yahoo.com for big money.
His advice for kids starting early in making money is really a simple one. He recommends selling shoe strings that are custom to their school. For example, neon light snicker strings to custom school logo shoe strings that will be cool to wear and best of all, limited production. It will be a quick way to generate some revenue. Also, he want kids to good something like how to setup home audio/video to programming TiVo to IPOD music programming. Being the kid who could do this for neighbors would generate some good money. He believes if you are good at something, you can market your skill set and make some quick bucks and see how this could lead to next money making business. The important fact about Mark is that in order to succeed in business, you must have some social skills and not being afraid of being rejected. Many people including myself are afraid of being rejected by someone. Rejection hurts like hell because it literally feels like someone punched you in the gut.
Few things I learned from Mark Cuban,
- Be good at something and market it
- Don’t be afraid of getting rejected. Rejection makes you grow and just welcome it.
- Be social by talking to all people. Talk to morons, idiots, A-holes, and understand each one of them.
- Find something passionate about and it will become part of you, not a job or a chore.
- Focus on the task. Be persistent and go after it!
Enjoying what you do is the key to success in any venture – SjC