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 would like you would have prevented as an entrepreneur, and what are a few of the largest 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 once I began my first firm after I bought 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 mistaken,” Cuban mentioned. “What I’ve realized through the years is being good actually helps. Good sells, good makes you extra money.”
He adopted up with a easy philosophy, and one thing he seems to be for when investing in entrepreneurs — be sure to’re centered on the fitting issues.
Associated: Mark Cuban’s Grocery Retailer Hack Will Assist You Rating Cheaper Produce
“I used to be all enthusiastic about producing gross sales once I ought to have been extra enthusiastic about producing income,” Cuban mentioned, emphasizing that there’s a “huge distinction” between the 2.
Final month, the “Shark Tank” star spoke with GQ about his early entrepreneurial days, crediting a lot of his success to a mix of luck, timing, and naturally, arduous work.
“I all the time inform individuals 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 web value of $6.27 billion.
