Having the ability to be brutally honest with yourself is the greatest challenge you face when creating a business model. Too often we oversell ourselves on the quality of the idea, service, or product. We don't provide an honest assessment of how we fit in the market, why customers will buy from us, and at what price.
Mark CubanIn the past people used to tell me to shut up a bit. But what I believe is to put out your opinion and let everyone else react. If I'm wrong I'm wrong. People are afraid to put out their opinions and get push back.
Mark CubanI'm a big believer that you always reiterate, you always learn, you always realize your business is evolving.
Mark CubanIn these times of the "Great Recession", we shouldn't be trying to shift the benefits of wealth behind some curtain. We should be celebrating and encouraging people to make as much money as they can. Profits equal tax money. While some people might find it distasteful to pay taxes, I don't. I find it patriotic.
Mark CubanPatent law holds us back, in every which way, shape or form. There is place for it, in physical products, in pharmaceuticals, but in software in particular, there is no place for it.
Mark CubanI look at my annual budgets for everything and anything, and I look to see where I can save the most money on those items. Saving 30% to 50% buying in bulk - replenishable items from toothpaste to soup, or whatever I use a lot of - is the best guaranteed return on investment you can get anywhere.
Mark CubanJust watch. Pigs get fat, hogs get slaughtered. When you try to take it too far, people turn the other way. I'm just telling you, when you've got a good thing and you get greedy, it always, always, always, always, always turns on you. That's rule No. 1 of business.
Mark CubanIt's not about money or connections. It's the willingness to outwork and outlearn everyone.
Mark CubanThe idea that growth equals profitability is a misconception. If you can't afford the financial or qualitative side of growth, it can just as easily put you out of business.
Mark CubanI'm the one guy who says don't force the stupid people to be quiet - I want to know who the morons are.
Mark CubanThe one thing in life you can control is your effort. Are there any shortcuts in the beauty business? No. That was the first lesson I learned. You can't just rocket to the top.
Mark CubanOne thing I learned in the NBA is that the No. 1 job of a general manager is to keep his job. They are only 30 positions where you make millions and hang around with basketball players all day.
Mark CubanWherever I see people doing something the way it's always been done, the way it's "supposed" to be done, following the same old trends, well, that's just a big red flag to me to go look somewhere else.
Mark CubanFind something you love to do. If you don't make money at it, at least you love going to work.
Mark CubanTime is the most valuable asset you donโt own. You may or may not realize it yet, but how you use or donโt use your time is going to be the best indication of where your future is going to take you .
Mark CubanI hate politics. It's slimy. Any job where people pander for votes I don't like. The country has gotten so partisan that if you're not on my side, you're the enemy.
Mark CubanI have some very special guests tonight, and I would like to give a big welcome to the Wayne State men and women's rugby team for coming to the game tonight and to be on my TV Show
Mark CubanGet me selling and I can figure out the industry. Once I can figure out the industry I can start a business in that industry.
Mark CubanThe number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face - it's for him to retire with a smile on his face.
Mark CubanThe Higher Education Industry is very analogous to the Newspaper industry. By the time they realize they need to change the costs to support their legacy infrastructure and costs will keep them from getting there.
Mark CubanI just try to have a good time, enjoy my family, enjoy my life. I was having a blast when I was poor, and I'm having maybe a little bit more now that I've got something in the bank.
Mark CubanBusiness happens over years and years. Value is measured in the total upside of a business relationship, not by how much you squeezed out in any one deal.
Mark CubanAm I crazy to spend [millions] in contracts when I have the chance to get three layers deep into the playoffs?
Mark CubanThe same applies to the music and film industries. Until the heads of the labels start wanting to make money rather than creating controversy, tension, and excuses about why piracy is making the job so hard that no one could do it but them - and oh by the way, they need a raise to really focus in on the fight - the music industry is going to have a very tough time of it.
Mark CubanCommunicate with your fans or customers. They know we live in an ever changing world. If you tell them what you are thinking and why you are doing what you do, as I did with my blog regarding Nash leaving, they will respect and support you more.
Mark CubanAs far as businesses, I was always hustling. I had to pay for my own school. I got 20 bucks every week or 2 from my dad and that was it. So I had a "whatever it took" attitude.
Mark CubanWhen I started writing this blog more than years ago, it was in response to traditional media's habit of twisting interviews to fit the headlines they wanted to create.
Mark CubanOn the Internet, there are an unlimited number of competitors. Anybody with a Flip camera is your competition. What makes it even worse is that YouTube is willing to subsidize the cost of your bandwidth. So anybody can create and distribute for free basically, but the real cost is marketing. And that's always the big cost - how do you stand out and what's the cost of standing out? And there's no limit to that cost.
Mark CubanThe NBA is never just a business. It's always business. It's always personal. All good businesses are personal. The best businesses are very personal.
Mark CubanEvery now and then I love to invest in a company that may not set the world on fire, but has the chance to establish itself, create jobs and have a positive impact.
Mark CubanIf you want to deal with me, email is the way you do it. Working via email means that everything I do is searchable. I can go back and check out discussion threads from more than 15 years ago.
Mark CubanEvery kid thinks they have something special about themselves. Every adult thinks they have a big idea at some point in their life. Rather than pursue every thing they possibly can to prepare themselves to enable their idea or special talent, they tend to wing it and make excuses.
Mark CubanI rarely think the market is right. I believe non dividend stocks aren't much more than baseball cards. They are worth what you can convince someone to pay for it.
Mark CubanIn every job, I would justify it in my mind, whether I loved it or hated it, that I was getting paid to learn and every experience would be of value when I figured out what I wanted to do when I grew up.
Mark CubanI daydreamed for motivation. I didn't lie to myself and talk about my passions and how if I was passionate enough about something I could be successful at it.
Mark CubanIt is so much easier to be nice, to be respectful, to put yourself in your customers' shoes and try to understand how you might help them before they ask for help, than it is to try to mend a broken customer relationship.
Mark CubanBusiness is a sport and I want to win. I want to kick your ass. I may not win every game. But I certainly am going to try.
Mark Cuban