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 🙂

Eating nutritiously when open for business!

Healthy eating is vital to our well-beings and quite frankly, it makes us who we are. If you are an entrepreneur or business man, one thing you must not forget is taking care of yourself, and while working out daily is part of the equation so is eating the right foods:

Examples of right foods include:

  • Strawberries
  • Cantaloupe
  • Egg whites
  • Whole grain bread

Of course there are many more:

 

Many times in business we tend to get so stressed out that we succumb to foods such as fast food, meat loaf, macaroni & cheese

 

 

 

These foods may seem enticing. But BEWARE of how it can affect your body!!

And later in life, eating such foods consistently can lead to complications. In the short term, it can lead to trouble concentrating, anxiety, and depression. And in the long term it can lead to diabetes, blood pressure, and even cardiac arrest!

This is all just an FYI out there, for business men and entrepreneurs that become so bombarded with work that they just don’t get time to think about such factors.

 

 

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!

Optimists’ nutrition for salesmen, entrepreneurs

Nutrition doesn’t have to include eating the right kinds of foods as opposed to fatty ones, i.e. hot dogs, hamburgers, it also includes how we wire our state of minds. The way I see it is that if we think in a pessimistic manner, we are bound to walk in the direction of failure. However, if we induce our minds towards optimistic thinking, then we are more prone to success because basically our minds are telling us that anything is possible!

There are a lot of people out there who have a bad habit of thinking negatively. They are described as small people because they are not open minded towards other avenues in life and are very cynical minded by nature.

If you are a product manager, salesmen, or entrepreneur trying to kick start your small business, it is extremely crucial that you adopt positive thinking into your everyday life. It is always optimists who succeed and who successfully transmit their charisma to others.

Optimists are the individuals who are able to manage their time well, while also working out a solid balance between professional and personal lives. They are the ones who are able to plant a smile on everyone’s face, while also serving as the motivator of a team making everyone else around them believe that they can do the impossible. Most importantly, they condition themselves to view even the impossible as possible. Finally, they have taught themselves to be naturally happy, which is also one of the keys to success!

What are your thoughts on optimists? Feel free to leave a comment below 🙂

Blog update!

How is everyone doing? Hope you guys had a cheerful day today! So anyway, I just want to make a few updates to readers of this blog. I know that when most of you guys, whether you are following my blog or not, read my blog you are expecting tips on how to start your own business, on-line or off-line.

I know there has been quite a bit of confusion because I’ve talked about topics that are so left-field such as investing, and I know many of you guys are confused because I bring up topics that deal with more philosophical issues such as mindfullness and how to think. Well the truth is that if you are an aspiring entrepreneur, you will have to adapt to such mindsets as thinking optimistically, eating right, staying fit by going to your local gym, and surrounding yourself with like-minded individuals. There are more and I’ll get to them eventually.

So what I’ll be talking about from now on are only topics concerning avenues of success in business and this includes mindsets that augment success as well as sales/marketing paradigms as that’s what I do for a living, marketing!

Investing for everyone including DUMMIES!

Alright so I’d like to make a clarification. After my previous blog, I experienced a chill flowing down my spine as I realized that perhaps the percentage of people that engage in investing is pretty small. It seems that so many young professionals, as I, abhor finance, therefore we avoid activities that involve budgeting expenses in Excel files or designating a certain amount for each category of expense. I just wanna say this: “I HEAR YA”. Red flags are constantly raised on this subject but believe me if you’re into starting a business or getting involved in any type of business related venture, be it consulting, or any type finance, sales or marketing type positions, then learning investing will only help develop such skills as it will guide you through certain concepts that can accelerate knowledge base and decision making. Issues such as on how stock price can affect the profitability or whether a business is an actual commodity and how to determine whether it is.

For instance, if you’re a financial consultant who specializes in advising non-profits and small corporations on how to control their budget and how to manage the various type of assets while managing liabilities, you would have to understand  quite a chunk of the investing arena and how the markets can be impactual in such scenarios.

If you’re a sales & marketing professional, naturally you would have to understand the market you specialize in, as well as the markets your serve and how to investigate the key performance metrics to know whether a product would do well in a particular market. Studying the growth rates and the charts, graphs associated with it in-depth may not be necessary but it can help.

Furthermore, if you are a serial entrepreneur, committed to making money or conveniencing the citizens of your community or the world, then technically what you are doing is you are investing your money. And so investing in stocks, bonds, mutual funds, or real estate can only instill in you these business blocks of what it takes to actually invest your money in a start-up or franchise, or if you’d like to be the owner of a gym, restaurant, apartment complex. Just my thoughts….

Other than that, even if you’re not into business. You may still want to consider looking into investing as a viable option for accumulating bucks either for that sexy Camaro that’s been you’re dream car for sometime or a house by the beautiful lake side. Who’s knows you may even fall into the rythym.

If you agree with all of this or are an active investor, please like or retweet my post. Muchas gracias ;)!!