Billionaire Mark Cuban Has Learned More from His Failures Than Success, Proving It’s Okay to Make Mistakes
Shark Tank fans must know Mark Cuban as the casually-dressed billionaire who gained his massive fortune and financial success from wise investment decisions.
The investing guru is known for outspokenness on the show, especially when it comes to entrepreneurship and money matters. You might think that investing is all about luck, but ask Cuban who believes that good business ideas are hard to come by.
The man has heard numerous pitches from startups over the years but if there’s one thing about a business that appeals to him is the openness to making mistakes and learning from them.
This is because Mark himself has a history of making mistakes, much like any successful businessman we know of. While he might be the CEO of Dallas Mavericks today, with a net woth of $4 billion, Cuban comes from rather humble beginnings.
When asked in a recent interview about his success, he put it all into perspective by saying he too has had his fair share of failures before he found the perfect business idea.
By the time he was 30, Cuban had already tried his hand and failed at several businesses, but that didn’t stop him from pushing forward. The entrepreneur says that you only need to get it right once, and once you do, people around you might think that you’re lucky, but in fact, it was your perseverance that got you so far, not luck.
This is a trend that is often seen in the media with wealthy businessmen. We’re often so focused on their successes that we overlook the struggles they had to overcome to get to that point.
In Cuban’s case, we often get to hear about all his successful business moves especially back in the 90s when he sold Broadcast.com to Yahoo! for stock worth $5.7 billion in return.
But probably his best move was to sell off the stock just before Yahoo! tanked as a result of the dot-com bust. Cuban’s first business failure dates back to when he was 20-year-old college student who started his own pub.
Unfortunately, it was shut down after the management failed to do a thorough ID check on its customers. Cuban had also faced his fair share of rejections from job interviews and even got fired from Your Business Solutions before he eventually started his own company.
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