how to win at the sport of business summary

1- Sentence-Summary: How to Win at The Sport Of Business is Mark Cuban’s account of how he changed his mindset and attitude over the years to go from broke to billionaire and help you grasp the habits of one. successful businessman (or woman).Read in: 4 minutes Read: how to win the business summary sportAuthor’s favorite quote:Mark Cuban saw it coming. I mean the dot-com bust. When he sold his second company, topqa.info to Yahoo! in 1999 for $5.7 billion, he predicted that whatever he did next would be unrelated to the Internet. Judge on the show Shark Tank. How To Win At The Sport Of Business is a kind of manifesto he wrote in 2011 to share his story and inspire other entrepreneurs to follow the same path and not be discouraged. Here are three lessons in the sport of business:

You can return to your passion later.

It’s okay with slow growth.

Hire people who are equally motivated.

Ready to burn a 3 pointer? Time to shoot some business hoops!

Lesson 1: Solve the problem now, get back to the passion later.

Contents

After being fired from his last job selling software, installing it, and repairing computers, Mark Cuban founded his own company, MicroSolutions, to do the same. It’s 1983, so everything computer-related is new and complicated – people need help. solved. Only after selling the company in 1990 (for $6 million, $2 million of which went to Mark’s bank account after taxes) did he look back at the sport and then find a the problem he can solve there: live stream basketball games. sold that company 9 years later, then he bought an entire NBA team, which he also now runs as a business. Don’t obsess about turning your passion into your salary too soon.Mark could have spent the rest of his life trying to be an NBA player or coach, and getting nowhere. Instead, he asked, “World, what do you need right now?” and take care of that. You can always come back later and revisit old passions.

Lesson 2: Learn to be okay with slow, organic growth.

“The day you took out the loan was the worst day of your life.” Those words always ring in my ears when I hear someone talk about venture capital and startup funding. They were told to him by Gary Vaynerchuk’s father, and if you want to own your business, control, and prefer money over debt, then you should remember them too. part of your business for them, they control it, so they control you. company (ahem, Steve Jobs). Natural growth takes time. It’s not as fancy as the $0 to $1 million valuation with a few investments, but it pays off in the long run. Learn to settle with this slow, organic growth ratebecause it is much more stable and profitable. You also won’t have to justify your actions to anyone, and no one can tell you what to do with your business.

Lesson 3: Only hire people who are as motivated as you are.

Mark started MicroSolutions with his friend Scott. topqa.info was started with another friend of his, Todd Wagner. The first few people you hire will make or break your companyRead more: How to find cool girls on omegle So you better hire people who are motivated just like you to get the job done and grow the company, not just collect their money, do the work average and go home. really good with lesson 2, because if you limit hiring to really motivated people, you will automatically slow down and allow all your employees to develop a customer-centric approach Mind you, your business needs to thrive, not just survive. Already a billionaire, Mark Cuban constantly responds to customer complaints personally, which shows just how deep his motivation really is.

How to win business reviews

How to Succeed in Business is a book you cannot take too literally. For example, it requires you to prepare for long nights and lots of overtime – but that may not be your style. You don’t have to follow this book to the letter T. We all have our own strategies. Real learning happens when you look at Mark Cuban’s way of thinking and how his inspiration shows in what he does. Just get this book, read it quickly.Note: Mark still writes regularly on his blog. It’s the best place to get more insights from him. Read the full synopsis on Blinkist >> Free Preview >> Learn more about the author >>

What else can you learn from blinks?

How Mark Cuban started completely from the bottom up
Why can it be better if you try a few things
What changes did he make after buying the Dallas Mavericks
Why can you only succeed in business if you take advantage of any learning opportunities you get
An aspect of your business that you really control
How to complain is really an important business skill

Fresh graduate 24 years old who just wants to party and spend her first paychecks on entertainment, 38 years old in her third startup using VC capital and whoever want to start a company with their friends. Read more: how to root note 5 tmobile

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