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Mark Cuban Billionaire Success Secrets

Mark Cuban didn’t start out as the billionaire owner of the Dallas Mavericks and “Shark Tank” investor. Long before any of his success happened for him, he was an average college graduate who resorted to sleeping on a sofa in a crowded apartment when he was let go from his job. When he decided to start his business, he documented all of his successes and failures so that he would be able to avoid making mistakes over again. He wrote a book called “How to Win at The Sport of Business,” in which he gives the twelve mantras for his success, below is a summary of the twelve mantras.

1. Your greatest asset is time.
“How wisely your use your time will have far more impact on your life and success than any amount of money.” – Mark Cuban

When Mark was 25 he started MicroSolutions. The company became mildly successful and then the secretary ran off with nearly all of the capital. Instead of giving up and trying a new business, he buckled down and learned PC software and coding in order to get a leg up on the competition. Because he invested his time wisely and didn’t allow the setback to rock him, he was able to sell MicroSolutions to H&R Block for $6 million.

2. Being nice to people counts.
“Being successful entails being able to get along with people, as well as giving something back.” – Mark Cuban

When bad things happen in your community, it pays to react with goodwill toward the people who are affected. The committee behind Dallas’ St. Patrick’s Day Parade nearly had to cancel the event because one of the largest sponsors called it quits. Mark wouldn’t allow that to happen, so he donated the needed $40,000 to cover the parade and for good measure he followed it up with an additional $25,000 as a donation to the fund for the local schools.

3. No balls, no babies.
This is Marks favorite thing to say to himself when he is trying to make a decision. Once he was playing blackjack and he asked the dealer what he should do and the dealer replied with this statement. Mark believes that once you have gathered the facts and you believe that you are ready to make a move that you need to go for it. Don’t beat around the bush or someone else is going to jump on it while you are stalling.

4. Make time to have fun or your work will suffer.
It is understandable if you forego the fun for a little while when you are first starting out in business, just don’t go seven years without a break like he did when he first started. He believes that you can’t work at your true potential when you don’t take time to unwind. He states that his party days are over, but he does still make time for basketball.

5. Use fear as a motivator.
The adrenaline rush that you get from a crisis or challenge can cause you to become overly anxious or you can choose to use it to become even more determined. Don’t allow the rush to derail your efforts. If you fail, your life will go on. Just get right back up and start over again.

6. Always expect the unexpected.
There are just some things that you are not going to see coming. You need to have a contingency plan for those events so that you don’t make impulsive decisions when things don’t go to plan. If you are ready for the unexpected, you can take advantage of the opportunities that your competition may be missing.

7. Yell if you need to.
“If somebody believes strongly enough in something and I am being passionate about something, I want them to match my level of passion. So, I told people if they thought it was the only way to get through to me, go for it!” – Mark Cuban

Be careful though, while every workplace should have open communications, not every workplace will see yelling as a good thing.

8. When you’re down, you’re not out.
“I can’t count how many times I have gotten up in the morning dreading the day, everyone goes through those moments.” – Mark Cuban

It is the people who tough it out and bounce back the fastest that are the ones to actually succeed. You need to learn from the experience and move on. Don’t dwell on it.

9. It’s not whether the glass is half empty or half full, it’s who is pouring the water.
Mark goes on to explain that there will always be events affecting him, which are beyond his ability to predict. However, he is the one who is in control of his own happiness and success. If you can be in control of the water then your competition will need to play by your rules.

10. Dreams are meaningless unless you act on them.
“When I catch myself dreaming about this or that, I try to wake myself up and consider how I plan to get from where I am not to where I want to be.” – Mark Cuban

Mark honestly does believe that anyone with a dream has the power to become successful, they only need to take action on their dreams in order to become successful.

11. Pigs get fat; Hogs get slaughtered.
Negotiating in business can either make or break a partnership. When someone approaches the partnership trying to bleed every last cent out of it that they can get, they are being hogs about it and may be setting themselves up for failure. You need to exercise a little restraint so that you don’t aggravate everyone involved and end up losing in the long run.

12. You only need to win once.
“The beauty of success, whether it’s finding the girl of your dreams, the right job, or financial success, is that it doesn’t matter how many times you have failed, you only have to be right once.” – Mark Cuban

There you have it, twelve tips and quotes from Mark Cuban himself in order to succeed in business. If you take the time to apply these tips to your own situation, you may just find that you are well on the way to a successful business career.

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