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Deepak Shukla’s Notes On How to Win at the Sport of Business by Mark Cuban:
Hey guys,
I finished reading this book on the 10th January 2021.
Here’s a synopsis of the book I grabbed from Amazon:
“Using the greatest material from his popular Blog Maverick, Cuban has collected and updated his postings on business and life to provide a catalog of insider knowledge on what it takes to become a thriving entrepreneur. He tells his own rags-to-riches story of how he went from selling powdered milk and sleeping on friends’ couches to owning his own company and becoming a multibillion-dollar success story. His unconventional yet highly effective ideas on how to build a successful business offer entrepreneurs at any stage of their careers a huge edge over their competitors.”
And here are my actual notes I took whilst I was listening to this on Audible:
- You only have to be right once!
- Doing good business and building good relationships is more important than any single one deal
- Mark Cuban went 7 years without a vacation but damn he had fun. Just work hard
- Commit random acts of kindness
- Time is more valuable than money
- Never ever hire a PR firm – they just email people from publications you read anyway
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- Make the job fun for employees
- Lunch is an opportunity to get out and network
- Outside of core competencies. Get cheap people
- Know your core competencies and focus on them – pay up for people in those spaces. Get the best
- Sales cure-all. Know how you will make sales and make lots of them
- If you have an exit strategy it’s not an obsession
- Hire people who would love working there
- Don’t start a company unless it’s an obsession and something you love
- Cubans 12 rules for startups
- Part of your job is to invent the future
- It’s not the job of your customers to know what you don’t. They can’t read the future
- Never trust your own judgment of yourself. Let others judge
- Figure out how to be the best in the world at whatever you do
- Everyone follows the path of least resistance – remember this
- Make your product easier to buy than compared to your competition
- There are certain things in life we have to do. Then there are things we wish to do. Then there’s everything else we do to kill time
- It’s ok to whine – complain about something within your business. Be anal. Complain about everything. Then improve it
- Your customers always have other options
- Treat your customers like they own you – because they do.
- When I’m 90 will I be happy with how I spent my time?
- Most businesses don’t need more cash. They need more brains
- Don’t take money from anyone
- Investors are vultures. They will feed on you (unless it’s family)
- Startup capital is your own pocket and your customers pocket
- Sweat equity is the best equity
- Don’t lie to yourself
- Stick to core competencies and become world-class at them before adding something new
- You can drown in opportunity
- You have enough Businesses – whenever you feel the urge to do something new. Go deeper with the Businesses you have
- Make Pearl Lemon the best it can be before moving onto anything else
- Win the battle you’re in first before worrying about expansion into new business
- Everyone is a genius in a bull market
- Only those who have got the will to prepare actually win. Everyone has got the will to win
- Preempt top dogs in your industry are your direct competitor – how would you beat them?
