If you know anything about Mark Cuban, you know that he is a boss. And while you might know him as the owner of the Dallas Mavericks and an investor on ABC’s hit show Shark Tank, what you need to know is that he is passionate about helping entrepreneurs take their ideas and businesses to the next level, whether he is investing money in their company or not. After all, sometimes the best investment you can get is free advice from a tycoon.
Cuban delivered an all-star (all puns intended) fireside chat at the Entrepreneurs Summit, which was to be expected. During his highly anticipated conversation with Earl “Butch” Graves Jr., president & CEO of Black Enterprise, he dropped incredible amounts of gems with over 1,200 entrepreneurs and small business owners who wanted to learn more about building and expanding empires of their own from the shark.
The ultimate maverick spoke about everything from starting his entrepreneurial journey at 12 years old selling garbage bags door to door to now working side by side with Cynthia Marshall, CEO of the Dallas Mavericks, on the overall cultural and diversity initiatives for the franchise. He also hinted at his political future. And, inquiring minds want to know if the serial entrepreneur has his eyes set on the 2020 election. People were at the edge of their seats, taking notes with their phones out, trying to capture every valuable moment. And, so they could say that they were in the same room as him…because, why not?!
Whether you were in the room or not, we have pulled 15 notable quotes from Cuban on the ins and outs of business and entrepreneurship. These inspiring and thought-provoking quotes are sure to add fuel to your fire as you build and grow your business.
Print this list and hang it at your desk:
1.”It’s great to dream, but, you have to stay focused as much as possible.”
2.”Find something that you love to do and be great at it.”
3.”Ask yourself what’s your unique advantage. Difference + Distinction = Unique Advantage.”
4.”Sales cure all. Ask yourself why aren’t you selling?”
5.”If it’s your company and you can’t sell, you won’t be in business long.”
6.”You’ve got to nail it before you scale it.” — Wise words from Cuban’s friend Howard
7.”Selling is always about helping and understanding people’s needs. Help, don’t convince. Reduce their stress.”
8.”Sweat equity is the best equity.”
9.”Raising money is not an accomplishment; it’s an obligation.”
10.”Don’t think about the exit. Think about surviving and making your customers happy.”
11.”I kept on telling myself, ‘Everybody’s trying to kick my ass. No one is giving this to me.’ That competitive side of me took over. And that’s what still drives me today.”
12.”I always want bad news first. If there’s a problem, I want to know about it so I can help you.”
13.”You don’t need a patent. There’s no good reason to patent something that sucks.”
14.”As an entrepreneur, you have to have a screw loose because that’s just the nature of the game!”
15.”All of you are going to compete with Amazon at some point if you aren’t already.”