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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The Entrepreneurs’ Nutrition

I’m baaaackkk! It was a long vacation from my blog but well worth as I’ve come back with more insight on entrepreneurial and innovative mindsets. From this point onwards the focus of my blog will be about the Entrepreneurs’ Nutrition. The Entrepreneurs’ Nutrition has to do with everything essential regarding entrepreneurship, from the way we tackle problems to best approaches in dealing with every aspect of an enterprise such as the finance, the operations, and the sales/marketing.

But most importantly, the focus will revolve around what it means to be a true entrepreneur and the resources we will need to acquire in becoming that true entrepreneur. And a true entrepreneur from my perspective isn’t just someone who takes out capital to start an enterprise in hopes that they can convert their passion into money, it also includes someone looking to lead a more fulfilling life!! Its a learning experience for everyone including me so feel free to pitch in thoughts and insights on the different topics that I propose regarding the entrepreneurs’ nutrition.

Look out for my next post!! And feel free to drop a comment below for what you’d like to see on this page 🙂

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!

Extrovert/introvert dynamics in a business setting

Although the business landscape consists of mostly extroverts, those who think out loud, don’t be fooled; because there are a handful of introverts out there as well that value alone time to process thoughts.

Extroverts are the type of individuals that need to bounce ideas off of others, and for some reason they are not able to understand introverts! I say all of this because I just read a fantastic article based on the topic. Here it is:

http://www.business2community.com/leadership/7-facts-extroverts-should-know-about-introverts-in-business-0146543?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+B2CMarketingInsider+%28Business+2+Community%29

Do you consider yourself to be an introvert or an extrovert? Please leave a comment below!

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!

Focusing on what truly matters to you!

 

Just a reminder: If you haven’t read “Living the 80/20 Way” I’d highly suggest reading it right now or whenever you have time in your hands. It is a wonderful book and I can’t begin to tell you how much it has helped me. If you’re finding life to be extremely mundane or are frustrated with the state of your current life then this will surely qualify as a “luxurious read”!

Alright so, I’d like to talk about the act of focus. It seems that approximately three-quarters of adults have some degree of ADD(Attention Deficit Disorder). This means we are not able to focus on a given task at times and most often get side-tracked by extraneous thoughts that may not even matter. All the 80/20 Book talks about is focus, focusing on only your given strengths and doing what you love. Once you know what kind of business you want to start if you’re an aspiring entrepreneur, or what career pathway you want to follow,  you must find an 80/20 destination in getting there, meaning you must pinpoint the 20% of effort that will get you 80% of the results. This allows a person to efficiently focus on what truly matters instead of banging your head on the wall wondering what it is that you want to do in life. It is also an avenue in optimizing your potential!

Focus is one of the greatest assets to acquire for an individual, whether they’re a consultant, teacher, or entrepreneur. Entrepreneurs are swamped with hard work if they are to generate sales and with all of the mental clutter and personal issues going on, it can seem daunting!

 

Are you someone who has trouble focusing on what is important to you? If so, what are some of the techniques you can use that can offset this problem. Some solutions include:

  • Going to the gym on a daily basis
  • Meditative techniques such as yoga
  • Blogging (heheh)
  • Writing your thoughts in a journal/diary
  • Going to church or joining a religious organization
  • Being active in your community
  • Joining a local sports league to keep fit

These are just some ideas. Feel free to expand on these ideas even further by dropping a comment below 🙂

 

Living the 80/20 Way

Can you spell S-U-C-C-E-S-S. If so holler as loud as you can!! Living the 80/20 Way is a book written by Richard Koch and it is truly a wonderful book for the like-minded entrepreneur or any average individual looking to absorb the most of life.

I truly feel that after reading this book, with lots and lots of effort any like-minded individual can turn their life around.  A lot of us worry about making more money, achieving more success, and gaining more fame and feel that the route to such factors is to do more when this isn’t the case! Allow me to summarize the book in the form of bullet points.

  • 20% of our efforts leads to 80% of the results. Albert Einstein, Steve Jobs, Warren Buffett, & Michael Jordan are all examples of people who took the 80/20 route with extraordinary success. The point is that less is more. By focusing on only the things you love or are passionate about, you can get extraordinary results as well
  • Take the 80/20 route in managing money, achieving success, relationships, and personal pleasures, etc.
  • 20% of customers are what lead to 80% of sales for any business
  • Decrease the clutter as much as possible, this includes buying only the furniture, utensils you need, downloading only the iPhone and iPad apps that you need, buying only the clothes that add meaning to your personality, and only participating in activities or hobbies you adore
  • Thinking and concentrating about only things that matter and add zest to your life
  • Figuring out what your happiness islands and achievement islands are, and camping out on these islands
  • Determining what your 80/20 destinations are, and taking the 80/20 route to get there
  • Less is more, less is more, less is more!!, Not more with more, LESS IS MORE!!

Need I say more, I may reference this blog entry or the concept in my future blogs, as this should be the path to success in any department of your life, not just working and making a difference in this world. Because the truth is that it is your inner peace, happiness, key relationships, who you’re with, type of friends circle, intertwined with passion of course that propel you to success aside from just working hard.

Working long hours is not for everyone and if you’re someone who realizes that working long hours is expending energy, CUT IT!!

If you are an advocate of the following statement: “Ultimately, we must all have 80/20 Vision!!!, not 20/20 Vision”, then please like this blog.  And if you have not read the above book, once again the title of the book is “Living the 80/20 Way” by Richard Kotz, then I highly suggest that you read it!

What’s your 80/20 destination? Feel free to leave a comment below explaining it. I’d love to hear from you all!!