Billionaire and owner of the Dallas Mavericks, Mark Cuban gives insight into his success. He started from the bottom now he’s where he’s at, and he’s lovin it. Here are three key takeaways from his new book, How to Win at the Sport of Business:
1.Never Give Up
When Cuban was running one of his first companies, his secretary stole $83,000 dollars out of the $85,000 dollars they had saved. Cuban tried to get his money back but it wasn’t possible.
Instead of dwelling on the problem, Cuban focused on the positives, and what he could do to continue to succeed. He never saw or heard from that secretary again; she probably changed her name.
Anyway, Cuban being a stoic, a genius, and just being real with the situation said, “What’s done was done. Worrying about revenge, getting pissed at the bank and all those ‘I’m going to get even and kick your ass thoughts’ were basically just a waste of energy.”
Cuban got right back to work, and he never stopped, just call him the energizer bunny. Key takeaway is to be able to let go of people who have wronged you, and move on. Taking time out of your day to try and get revenge is only a waste of time. Let karma take care of it.
2.Become an autodidact
The most brilliant minds throughout history have all been in some ways an autodidact; that is, a self-taught person. Cuban himself is very much an autodidact, teaching himself how to program as well as continuously reading and learning.
Cuban reads multiple hours each day, and it pays off! Literally, he’s a billionaire, and a lot of why he is so successful is because he consistently reads. A huge take away from this book is to be able to teach yourself; learn how to learn.
If you don’t know something, stop sitting around doing nothing about it and research it! Study it! Whatever you want to learn is at your fingertips, we have the internet and Google! Almost all the information we’ll ever need is online, and usually for free! Be your own teacher. Stay ahead of the curve. Have the edge.
One definition Cuban has for the edge is: “Knowing that people think you’re crazy, and they are right, but you don’t care what they think.” Get up early, stay up late. Kick yourself in the ass before someone else does.
3.Enjoy the entire process
When Cuban was 23 years old he was sleeping on a floor. He was living in a 3 bedroom house with 6 people. He was basically broke and lived off of happy hour food during that time. He was having a blast though, not kidding, he loved it!
He got fired from multiple jobs but he was surrounded by great friends in Dallas and that made all the difference. Now he owns the Dallas Mavericks, and has made the team and program better with his approach. On this subject, Cuban says, “Start the day with a positive attitude.
You are going to screw up. We all do. But no matter what happens, every morning, the minute after you wipe away the crust from your eyes, remind yourself that you’re going to enjoy every minute of the day. You are going to enjoy the twenty interviews you have. You are going to enjoy waiting in the heat for your roommate to pick you up afterward. You are going to enjoy realizing how frayed your collar has become and how sick you are of your one, lonesome tie.
You are going to enjoy all the bullshit you have to deal with as you chase your goals and dreams, because you want to remember them all. Each and every experience will serve as motivation and provide great memories when you finally make it all happen. It’s your choice. What are you going to do?”
I hope these 3 key takeaways can help you as much as they have helped me! If you would like to order the book from Amazon you can order it here: How To Win At The Sport of Business. I highly recommend reading it however you can get it!