Mark Cuban Quotes & Top 10 Rules For Success
Mark Cuban is a billionaire with $3.3 billion net worth, a savvy businessman, a shrewd investor, and an engaging television personality. He’s known for his no B.S. attitude, a competitive spirit, and a sharp and intuitive business sense with which he was able to build his fortune. He was able to see trends during the internet boom and it made all the difference for him.
He launched Broadcast.com in 1995 which aired fashion shows like Victoria’s Secret and also sports games. Later he sold the company to Yahoo for a whopping $5.7 billion. He is also the owner of the basketball team, Dallas Mavericks.
Here are the 15 most inspiring Mark Cuban quotes.
1. I love to compete. To me, business is the ultimate sport. It’s always on. There is always someone trying to beat me.
This quote reveals Mark Cuban’s passion for business. You need to love what you do. Otherwise, your life will become a living hell.
2. What I’ve learned is that if you really want to be successful at something, you’ll find that you put the time in. You won’t just ask somebody if it’s a good idea, you’ll go figure out if it’s a good idea.
When your heart is really into something, you don’t have to take others’ approval to pursue it. You just need to follow your heart.
3. Work like there is someone working 24 hours a day to take it all away from you.
In life, the ultimate competition you have is yourself. And once you realize that there is always room for improvement and excellence, you’ll love outworking yourself. This is one of our favorite Mark Cuban quotes because work ethic, and becoming the greatest version of yourself are 2 of the greatest keys to success..
4. Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don’t do it.
The only thing you can rely on is your hard work. As Will Smith says, skill is only built by hours and hours of beating on your craft. It is the biggest equity you can have.
5. It doesn’t matter how many times you have failed, you only have to be right once.
People fail and get disheartened. They don’t realize that failures are not bad. If you try a hundred times, you have to only succeed once. Life doesn’t mind when you fail, you do.
6. I still work hard to know my business. I’m continuously looking for ways to improve all my companies, and I’m always selling. Always.
You never stop doing what you love because it makes you who you are. Keep pushing the envelope, never settle.
7. What I do know, at least what I think I have learned from my experiences in business, is that when there is a rush for everyone to do the same thing, it becomes more difficult to do. Not easier. Harder.
When thousands of people find a common “goldmine” idea, it is hard to win at it because you are competing with so many people. You have to build something unique. Even if it is the same product or service, you have to be unique or substantially better than others.
8. Treat your customers like they own you. Because they do.
Such a humble wisdom coming from a billionaire. Only because of your customers can you earn the big money. Without them, you’ll be history.
9. It’s not about money or connections… it’s the willingness to outwork and outlearn everyone… And if it fails, you learn from what happened and do a better job next time.
People who say “I couldn’t do it because…” can never be right. Connections and money are secondary. What matters is how willing are you to learn, act, and persevere.
10. Money is a scoreboard where you can rank how you’re doing against other people.
Money shows how much of an impact you were able to make on people and how successful you are in your endeavors. This is one of the most uplifting Mark Cuban quotes ever.
11. Don’t follow your passions, follow your effort. Look at where you apply your time. You may or may not realize it yet, but how you use or don’t use your time is going to be the best indication of where your future is going to take you.
As Kevin Hart says, everyone wants to be famous, but nobody wants to do the work. You need to apply yourself. Passion is an elusive ideal which people use as an excuse to not work hard. “I don’t work 10 hours a day at my job because my passion is singing”. Well, then make a choice. We need to follow our efforts, that is, where we spend most of our time to find out what we can do professionally. Because it reveals what our mind is most drawn to.
12. What I’ve learned in these 11 years is you just got to stay focused and believe in yourself and trust your own ability and judgment.
Your ideas won’t work unless you do. So stay focused and crush it!
13. Always wake up with a smile knowing that today you are going to have fun accomplishing what others are too afraid to do.
Start your day with small victories. Even making your bed counts. Know that you have the privilege to become a better person than who you were yesterday. This is among the most inspirational Mark Cuban quotes ever.
14. Small businesses don’t fail for lack of capital. They fail for lack of brains, they fail for lack of effort.
Steve Jobs believed that about half of what differentiates successful entrepreneurs from the unsuccessful is pure perseverance. It’s not about the resources, it’s about the resourcefulness.
15. If you’re going to compete with me or one of my businesses, you’d better recognize that I’m working 24 hours a day to kick your ass.
It’s Mark Cuban’s competitive nature that made him one of the most deserving billionaires of all time. He was able to sniff future trends out of thin air and worked super hard to realize his dreams.
Top 10 Mark Cuban’s Rules for Success
1. Now is the Time
Mark Cuban says that now is the perfect time to start a business. Once you learn and gain enough knowledge, you’ll know when to start a business. With the internet, you have many choices to attract customers from anywhere in the world. Quitting your job to set up your business looks scary, but you don’t have to quit. Work part-time, at nights. Where there is a will, there is a way.
2. Be Passionate
You need to have passion to outwork all your competitors. Passion means that your heart is into your work, you’re naturally drawn to it. Otherwise, all you’ll do is count how many hours are left. The most successful people are those who fall in love with their craft. For them it is not work, it is art. They enjoy the process. As Matthew McConaughey says, when you enjoy your work, then you are free of the outcome. You will love doing it even if it fails. That’s what makes successful people persevere, because they love working on their craft.
3. Don’t Make Excuses
Everyone has the power of choice. So making excuses is never justified. You can choose after you read the advice in this article, to act on it, or to let it go. So there’s never an excuse to say that I didn’t have the right mentors or connections. Success isn’t about the resources you have, success is about effort, period.
4. Learn From History
According to Mark Cuban, entrepreneurs these days think that their idea is innovative if it doesn’t land up in the first couple pages of google search. The truth is that most of the times, what we believe is a new idea has already been tried in history. Go back in history, learn from the people who tried your idea and their business failures and the consequences they’ll have to face. Knowledge, when used right, can save you years of failure. Success is a result of following certain patterns in business, in life. Learn these patterns so that you can succeed.
5. Enjoy Competing
According to Cuban, business is the ultimate sport. There’s always somebody out there who’s learning and growing every single day. Competitive spirit can drive you to the heights of success as there’s no limit to achievement. Mark Cuban says that he still tries to learn everything about his businesses because he want to be at the top of his game.
Competition feels good not because you can see others lose but because you can reap rewards of your hard work. It takes guts to innovate and persevere when there are many people trying to get ahead of you.
6. Know Your Business
Cuban says that “businesses don’t fail for lack of capital. They fail for lack of brains, they fail for lack of effort.”
People aren’t willing to prepare and learn about their business. You have to know your industry when you’re trying to convince people to give money to you. No competitor is going to let you win easily because their own livelihood is on the line. You have to put in the work and earn it. You will face rejection as an entrepreneur and even in a regular job. But what matters is how fast you’re able to bounce back.
7. Be Brutally Honest With Yourself
Many people lie to themselves about what’s working and who they are. You have to know what you know and know what you don’t know. Many entrepreneurs come on Shark Tank with businesses that will clearly never work, but they aren’t willing to admit it. You need to realize that you’ve come in the wrong direction to be able to go in the right one.
Being brutally honest means becoming aware of your situation. Ask yourself, “How am I doing currently in my business, job, or in life?” Ask your friends and family what you need to improve. Take feedback not only from yourself, but also from others who know you well. Without honesty and feedback, you’ll never realize how you can move ahead.
8. Know Your Strengths and Weaknesses
Mark Cuban says that, if you look at your work as your job, you’ve already lost. You will just look at the clock hoping the work just ends soon. So you have to know what you enjoy doing. What are your strengths? Once you leverage your strengths, you will be able to use them in your work to move ahead fast.
However, it’s equally important to recognize your weaknesses. Why, you ask? Because once you identify what you can’t do well, you can get support from others to get it done. For example, in business, this means you can hire people to do the marketing for you, if you can’t do the marketing.
9. Be Unique
You have to know your core competencies. Not everyone has the same set of skills or competencies. Ask yourself, “What sets me apart?”
Are you able to see future trends emerging in your imagination? Who knows, you could be the next Mark Cuban! Are you the perfect manager who makes sure that all plans are perfectly executed? Perhaps you can become the next CEO of your company, someone like Indra Nooyi (CEO of Pepsico), or Jack Welch (CEO of General Electric).
Find out what makes you different from others. Then triple down on this unique strength to get ahead in your field.
10. Be Yourself
Know who you are. Do you like to work on a particular skill every single day in your own separate space without hustling around? Then, you’re well suited for a regular job. Or are you a visionary who loves to breath life into new ideas, can work 15 hours a day and still be of service to others.Then, entrepreneurship is for you.
Success doesn’t mean that you have to build a successful business and become the next Mark Cuban. Success means that you produce extraordinary results in your field of work and help people in a tremendous way.