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  #1  
Old September 10, 2013, 11:48 PM
Dien Rice Dien Rice is online now
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Join Date: Aug 2006
Posts: 2,558
Default Good advice from Mark Cuban...

I just watched an episode of Shark Tank (via Hulu)...

In this episode, Mark Cuban gave some good advice, so I just had to write it down...

The advice he gave was for two ladies running a burger truck business. They were making good money with their food truck, and they wanted money to open a restaurant (which is a different business - for one thing, much bigger upfront costs, bigger overheads, and bigger risks...)

Mark Cuban said...

"No. 1 rule of business is follow the money.
I'd rather follow the green than the dream."

Translation: If you're making money doing something - do more of it! Don't "change your mind" and do something different!

In the context of their food truck business - they should run more food trucks, something that's already proven to make them profits, rather than open a restaurant.

I can tell you, I've made this mistake before. You make money doing something. Instead of doing more of the same, and making more money, you get attracted by other opportunities, before you've fully exploited the current opportunity...!

I just thought these were some smart thoughts from Mark Cuban!

Best wishes,

Dien

P.S. This was from Shark Tank, season 4, episode 24...
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  #2  
Old September 11, 2013, 03:19 AM
Phil Phil is offline
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Join Date: Sep 2006
Posts: 1,857
Default Good advice from Mark Cuban... Additional food for thought etc., regarding Mark Cuban

Hi Dien,

Additional food for thought etc., regarding Mark Cuban...

Although since you are a member of his Fan Club, (most probably), not much new to yourself...

But some Quick stuff worth Knowing about...

Interesting details and info, Lots more available, Much of it [Re-workable] into All kinds of other Business Ideas, Opportunities, possibilities and more...

Mark Cuban's 12 Rules for Startups...
http://www.entrepreneur.com/article/222524

Kim Taylor, The Startup Founder From Silicon Valley Reality TV Show, Nabs Big Money From Mark Cuban...
http://www.businessinsider.com/mark-...d-round-2013-9

Mark Cuban on what inspired him to buy the Mavericks...
http://www.dallasnews.com/sports/dal...-mavericks.ece

Mark Cuban just bought 1 million shares of this stock...
http://www.cnbc.com/id/101015329

Mark Cuban is the latest rich guy to buy J.C. Penney stock...
http://bizbeatblog.dallasnews.com/20...ey-stock.html/

‘Shark Tank’s Mark Cuban Called As Witness In Insider Trading Case...
http://www.deadline.com/2013/09/shar...-trading-case/

All the best,
Phil

Last edited by Phil : September 11, 2013 at 03:25 AM. Reason: additional info...
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  #3  
Old September 16, 2013, 03:37 PM
Dien Rice Dien Rice is online now
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Join Date: Aug 2006
Posts: 2,558
Default How did Mark Cuban get started to becoming a billionaire?

Quote:
Originally Posted by Phil View Post
Hi Dien,

Additional food for thought etc., regarding Mark Cuban...

Although since you are a member of his Fan Club, (most probably), not much new to yourself...

But some Quick stuff worth Knowing about...

Interesting details and info, Lots more available, Much of it [Re-workable] into All kinds of other Business Ideas, Opportunities, possibilities and more...

Mark Cuban's 12 Rules for Startups...
http://www.entrepreneur.com/article/222524
Thanks Phil,

Great stuff! Thank you for posting it!

Here's something else...

It's a remarkable story. I read it a few years ago. It's long, but well worth it.

There are not many places where you can learn how someone got started on his way to becoming a billionaire... And how to apply some of these lessons (profitably) to your own life!

http://blogmaverick.com/2009/05/13/success-motivation/

Best wishes,

Dien

Last edited by Dien Rice : September 17, 2013 at 11:20 AM.
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  #4  
Old September 16, 2013, 03:41 PM
Dien Rice Dien Rice is online now
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 2,558
Default 12 Success Principles that Mark Cuban lives by...

There are more great entrepreneurial tips here... These are principles that Mark Cuban himself lives by, and which have helped him to become the huge financial success he is...

http://blogmaverick.com/2004/09/15/s...efactor-tests/

Best wishes,

Dien
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