The story of Mark Cuban

I’ve been wanting to post this for a long time: Mark Cuban is one of the greatest entrepreneurs in my eyes and is finally gaining the spotlight!

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The owner of the 2011 NBA World champions, Dallas Mavericks, and a shark investor on ABC’s hit television series, Shark Tank, this $2.4 billion mogul explains how he reached the top, including what sacrifices he had to make, and what lessons he learned from having horrible bosses.

You can read all about it over here:

http://www.forbes.com/sites/monteburke/2013/03/28/at-age-25-mark-cuban-learned-lessons-about-leadership-that-changed-his-life/

Key Takeaways:

  • Made sacrifices early in his life by driving an old car that required an oil change every 60 miles, splitting a three bedroom apartment with several other roommates, and piling his clothes and other belongings in one small corner
  • Was always entrepreneurial since his days working at Mellon Bank at Pittsburgh
  • Would always take matters into his own hands and bypass the CEO of the company on sales he had made on his own(This belongs to the category of taking risks)
  • Follows the mantra “Sales cures all”
  • Started his first company, Micro Solutions, which grew into a company generating $30 million in revenue
  • Sold Micro-Solutions to CompuServe, and then found another company called AudioNet, which later became Broadcast.com
  • Purchased the Dallas Mavericks basketball organization

The key fundamentals here overall for Cuban or for any entrepreneur is that you must be willing to face setbacks and embrace risk. This is exactly how Mark Cuban got to where he is and this is precisely how you can get to where you’d like to go in life!

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Overall I’d have to say that Mark Cuban has become one of my favorite entrepreneurs because of his ability to go that extra mile in making a sale and in embracing risk! And Mark Cuban is also a perfect example of how we should all learn from our mistakes when we’re young!! I do intend to reference Mark Cuban in future posts so be on the lookout.

 

Is there an entrepreneur that you have tremendous respect for? What are your thoughts on Mark Cuban? And what kind of sacrifices are you making or risks are you taking in achieving your goal? Feel free to leave your thoughts in the comments below and please like this post! Thank you 🙂

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Personality of Innovators

Innovators go way beyond just who you read about on Magazines, Wikipedia, or see on Oprah or CNN. Innovators can even be your next door neighbor! An innovator doesn’t have to be a self-made billionaire who built their company with their blood, sweat, and tears. Just look around you,

 

INNOVATORS are those that are able to build an attractive installment in their backyard from scratch with only the tools given!

INNOVATORS are those that decide to build a park in their neighborhood designed for the comfort of the local residents

INNOVATORS are those that come home from a long day of work and decide to cook a new recipe with just the ingredients in their fridge and cupboards!

What makes these INNOVATORS stand out from traditional INNOVATORS performing similar activities are their abilities to be able to sell their creations and innovations to the public!!

INNOVATORS can be:

  • Stay-at-home moms
  • Children with disabilities
  • The co-worker you secretly underestimate
  • The girl next door
  • A McDonalds’ cashier

Even you could be an innovator!! The question is what kind of innovator are you? Apparently there are five types of innovators out there! They are:

  • Movers and Shakers(People at the top such as CEOs, who are constantly pushing their team members to deliver on projects or get things done!)
  • Experimenters(Perfectionists who do whatever it takes to deliver on an assignment or initiative)
  • Star Pupils(Experts at branding themselves, as well identifying the right mentors that can propel them to a path of success)
  • Controllers(Those individuals who mobilize their troops to get a project done!)
  • Hangers-On(People that remind their team of the reality behind pushing a business idea to creation)

I find these to be very interesting. I’d say that I’m more of an experimenter as I’m constantly fiddling around with new ideas, and then once I come up with an idea or solution that is proven to work I don’t give up until I pull through. Steve Jobs, on the other hand, was more of a Mover and Shaker, as was known to be prickly towards his co-workers and partners only so things could get done!

Here is the article on the Five Personalities of Innovators: http://www.forbes.com/sites/brennasniderman/2012/03/21/the-five-personalities-of-innovators-which-one-are-you/2/

What kind of innovator are you? For the next post I plan on coming up with a poll for you all! Stay tuned!