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I learned how to become wealthy because I asked the right questions when I was broke.
Mark Cuban
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Mark Cuban
Age: 66
Born: 1958
Born: July 31
Blogger
Businessman
Businessperson
Entrepreneur
Film Actor
Film Producer
Financier
Politician
Television Producer
Pittsburg
Pennsylvania
Right
Wealthy
Broke
Questions
Asked
Learned
Become
More quotes by Mark Cuban
As I would learn later in life, money makes you extremely handsome.
Mark Cuban
The idea that growth equals profitability is a misconception. If you can't afford the financial or qualitative side of growth, it can just as easily put you out of business.
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The only thing in your control is effort. That's all, and that's everything.
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One problem people have is that they lie to themselves. Rarely is talent enough. You have to find ways to make yourself standout. You do so by playing to your strengths and making people aware of those strengths.
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Selling is never about convincing. It is always about helping.
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I think you’ve got to be very, very careful when you start making blanket statements about what people say and think, as opposed to what they do. It’s a very, very slippery slope.
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Never follow your dreams. Follow your effort.
Mark Cuban
Having the ability to be brutally honest with yourself is the greatest challenge you face when creating a business model. Too often we oversell ourselves on the quality of the idea, service, or product. We don't provide an honest assessment of how we fit in the market, why customers will buy from us, and at what price.
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With every effort, I learned a lot. With every mistake and failure, not only mine, but of those around me, I learned what not to do. I also got to study the success of those I did business with as well. I had more than a healthy dose of fear, and an unlimited amount of hope, and more importantly, no limit on time and effort.
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I think college is an absolute. In this world you have to learn how to learn and get in the habit of always wanting to learn. Some kids have that out of high school and may be able to do the college equivalent of home schooling. Most kids can't. So I highly recommend going to college.
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Do the work. Out-work. Out-think. Out-sell your expectations. There are no shortcuts.
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One thing I learned in the NBA is that the No. 1 job of a general manager is to keep his job. They are only 30 positions where you make millions and hang around with basketball players all day.
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Because if you're prepared and you know what it takes, it's not a risk. You just have to figure out how to get there. There is always a way to get there.
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When I started writing this blog more than years ago, it was in response to traditional media's habit of twisting interviews to fit the headlines they wanted to create.
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Wherever there is change, and wherever there is uncertainty, there is opportunity!
Mark Cuban
A sure sign of failure for a startup is when someone sends me logo-embroidered polo shirts. If your people are at shows and in public, it's okay to buy for your own employees, but if you really think people are going to wear your branded polo when they're out and about, you are mistaken and have no idea how to spend your money.
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I was a beast in college. I worked hard and I played hard. I was relentless learning about business. I actually snuck into MBA classes my freshman and sophomore years. I wanted to challenge myself to see how I compared to the smartest kids at Indiana University so I was 18 and pretended I was an MBA student.
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I rarely think the market is right. I believe non dividend stocks aren't much more than baseball cards. They are worth what you can convince someone to pay for it.
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It comes down to finding something you love to do and then just trying to be great at it
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Focus on building the best possible business. If you are great, people will notice and opportunities will appear.
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