How to Win at the Sport of Business by Mark Cuban
Feeling stuck in your business journey? See how Mark Cuban's 'How to Win at the Sport of Business' can guide you with straightforward advice.
Click this link to purchase from Amazon
Click this link to purchase from Audible
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 of 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 catalogue 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 the 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 hire a PR firm - they just email people from publications you read anyway
- 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 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 pocket and your customer's 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 on to 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 win. Everyone has got the will to win
- Preempt top dogs in your industry are your direct competitors - how would you beat them?