Investing News Blog

Monday, April 10, 2006

Mark Cuban's Entrepreneurial Tips

Internet entrepreneur and owner of the NBA basketball team, the Dallas Mavericks' Mark Cuban recently spoke about being an entrepreneur. Cuban suggests to focus on your strengths while being aware of your weaknesses.
For example, if you're terrible with accounting but are great with sales, your obvious business partner would be someone that is great with accounting!
It sounds simple, but many entrepreneurs try to wear every hat in the business, even if some of their skills are way below average. The confidence or bravado required to be a successful entrepreneur doesn't leave much room for self reflection. Which can be both a blessing and a curse.
Success & Motivation - don't Lie to Yourself
"I did the things I was good at. I could sell. So I sold. I could write software programs. I could integrate PCs. I could set up local area networks. And I did. My business grew. But it also grew out of control A local area network or a software program without documentation is a disaster waiting to happen. And they did. Not to the point where it killed my business, but to the point where I spent far too much time fixing things rather than selling new deals." Mark Cuban Blog
# Entrepreneurship, Blog News