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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Using the “The Seinfeld Strategy” to achieve motivation

So I came across an awesome article on “The Seinfeld Strategy”, based on one of the most successful comedians of our time, Jerry Seinfeld, and felt compelled to share. You can read more about it on this site:

http://jamesclear.com/stop-procrastinating-seinfeld-strategy

One of the reasons why Jerry Seinfeld was able to establish himself as one of the funniest comedians of his time was because he applied one fundamental to his everyday life, and that was “Not breaking the chain”!!

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And “Not breaking the chain” doesn’t only have to apply to comedians; it could also apply to CEO’s, serial entrepreneurs, and anybody wanting to lead a more wholesome life. What exactly does “Not breaking the chain” mean?

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It means staying consistent and motivated. This is achieved by purchasing a calendar and ‘x’ing’ out the days you were performing your task. At the same time, it also means to pick one simple task at a time and to convert that task into something actionable, meaning that it must provide you with the outcome that you’d like!

And so if you’re hungry for success in your business or in your professional endeavors. Avoid doing this:

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I encourage everyone to read the above article, and to tell me what your thoughts are in the comments below. Do you have a personal strategy that you’ve adopted into your everyday life? If so, I’d like to hear about it.

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 🙂

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!

Maintain good relations!!

So this is like a reiteration of my previous blog entry about selecting your business partners!! After building rapport & trust with the individual who shares your passion, you must work to continue to build and maintain that relationship as relationships define life!

And this goes beyond sipping wine, cocktails, paying for them at a five-star restaurant, or baking them treats. While it is still part of the equation, a big chunk of it comes from tolerating their shortcomings by meeting them halfway!

In the business world, there are always secret clashing between partners on their objectives or on how they handle things. Sometimes we become so embroiled in our personal feelings regarding our business that we fail to see the bigger picture: working together to make a difference in the world! This goes way beyond generating revenue, although that’s your ultimate goal.

It can be such a pride expenditure to not execute the blueprint of an idea loaded with finesse only because your partner disagrees with it. However, if you want your business to thrive then you must be willing to meet them halfway! As once again, life is defined by relationships!

The joys and pitfalls of sales/marketing

Alright so I want to talk about people specialized in sales and marketing, and how they’re stereotyped as vexing, with nothing better to do but to knock at people’s doors or make phone call after phone call disturbing people at odd times. Yes they may be the devils’ advocate to our hectic lives, but just like everyone else they’re people with real feelings who somehow have to make ends meet in order to survive! And contrary to what most people think, they’re way more enjoyable than ordinary people. Why? Because they know how to lighten up the mood in a room and have a good time! Marketers are trained to do this only so that they can develop better relationships with people, who can be easily converted to sales generating leads in the near future.

And also contrary to what most people think, salesmen don’t become friendly just so they can get a hand on your moola. It’s more than that! And if they do, well then that means they’re just not doing their job! Because when a salesmen or marketer only focuses on taking your money then things only explode in everyone’s face, as your eye is not on the prize! And that prize is the relationship with your customer. That’s whats crucial!! Forming a relationship with your customer is what you should be focused on always because your goal is to convince them that this is for their benefit, that they’re getting exactly what they pay for! So if you ever consider entering or transitioning into a career in sales/marketing always remember: The relationship with your client/customer is what counts!

Concentrating on just making a sale is a major pattern of thinking among many salesmen and is also considered to be one of the major pitfalls in the business! You’re communicating with your customer to ask for their friendship, so this way you can make a difference in their lives with the high-level productivity of your product/service and how it makes their life easy. And of course, it would also be wise to follow-up with a phone call or an email once every month or two just so you can keep the momentum going between you two, not only concentrating on what other product you can persuade them into buying but also following-up with them on what their experience has been with their purchased product/service and whether they have any questions or concerns.

Ultimately, sales are the life blood of any business or company, so just remember you’re more interested in establishing a relationship with your client or customer initially than making money. And if you conscientiously develop this framework of thinking than I guarantee you that the process of generating millions in revenue will become streamlined!

And just to remind you, I value and admire other people’s opinions so please feel free to leave a comment below!