How to Win at the Sport of Business

How to Win at the Sport of Business by Mark Cuban

Reading Time: 3 minutes

 

 

How to Win at the Sport of Business

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Click this link to purchase from Audible

How to Win at the Sport of Business

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
  • 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?

 

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