3 Takeaways from Mark Cuban’s Book, How to Win at the Sport of Business

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!

10 Best Tips from Tim Ferriss

If you are looking to escape your 9-5 job, you came to the right place.

What I’m going to share with you will help you on your entrepreneurial journey; no matter if you are just beginning or have “entrepreneured” for years.

Let these 10 insights from Tim Ferriss be a guide to the good life:

1. “Slow Dance: Have you ever watched kids, On a merry-go-round? Or listened to the rain, Slapping on the ground? Ever followed a butterfly’s erratic flight? Or gazed at the sun into the fading night? You better slow down. Don’t dance too fast. Time is short. The music won’t last. Do you run through each day, On the fly? When you ask: How are you? Do you hear the reply? When the day is done, do you lie in your bed, With the next hundred chores, Running through your head? You’d better slow down, Don’t dance too fast. Time is short, The music won’t last. Ever told your child we’ll do it tomorrow? And in your haste, Not see his sorrow? Ever lost touch, Let a good friendship die, Cause you never had time, To call and say Hi? You’d better slow down. Don’t dance so fast. Time is short. The music won’t last. When you run so fast to get somewhere, You miss half the fun of getting there. When you worry and hurry through your day, It is like an unopened gift thrown away. Life is not a race. Do take it slower. Hear the music, Before the song is over.” — This may have been written by David Weatherford but I first heard it from Tim Ferriss.

2. “For all of the most important things, the timing always sucks. Waiting for a good time to quit your job? The stars will never align and the traffic lights of life will never all be green at the same time. The universe doesn’t conspire against you, but it doesn’t go out of its way to line up the pins either. Conditions are never perfect. “Someday” is a disease that will take your dreams to the grave with you. Pro and con lists are just as bad. If it’s important to you and you want to do it “eventually,” just do it and correct course along the way.”

3. “But you are the average of the five people you associate with most, so do not underestimate the effects of your pessimistic, unambitious, or disorganized friends. If someone isn’t making you stronger, they’re making you weaker.”

4. “A person’s success in life can usually be measured by the number of uncomfortable conversations he or she is willing to have.”

5. “If you are insecure, guess what? The rest of the world is, too. Do not overestimate the competition and underestimate yourself. You are better than you think.”

6. “To enjoy life, you don’t need fancy nonsense, but you do need to control your time and realize that most things just aren’t as serious as you make them out to be.”

7. “It’s lonely at the top. Ninety-nine percent of people in the world are convinced they are incapable of achieving great things, so they aim for the mediocre. The level of competition is thus fiercest for ‘realistic’ goals, paradoxically making them the most time and energy-consuming.”

8. “If you let pride stop you, you will hate life.”

9. “Role models who push us to exceed our limits, physical training that removes our spare tires, and risks that expand our sphere of comfortable action are all examples of eustress—stress that is healthful and the stimulus for growth.”

10. “People are fond of using the it’s not what you know, it’s who you know adage as an excuse for inaction, as if all successful people are born with powerful friends. Nonsense.”

Read these, and then read them again. These are the 10 best insights from Tim Ferriss. Please leave a comment adding additional insights from Tim or any from yourself that you have found helpful!

An Addition: Tim’s 5 favorite books include:

1) Moral Letters to Lucilus by Seneca the Younger

2) Surely you’re joking, Mr. Feynman by Richard Feynman

3) Zorba the Greek by Nikos Kazantzakis

4) Dune by Frank Herbert

5) The Effective Executor by Peter F. Drucker

I wish the best for you as you journey toward the life you desire.