Mark Cuban, known for co-hosting “Shark Tank” and owning the Dallas Mavericks, has worked with athletes and entrepreneurs for years, and he told Bold TV the two have more in common than some might think.
Bold TV spoke to Cuban at Anthony Scaramucci’s SALT Conference in Las Vegas, Nevada, where he said “business is the ultimate sport,” and there’s always someone newer and younger “who wants to kick your ass.”
Cuban told us that both successful entrepreneurs and successful athletes do these three things:
1) Make sacrifices for your work
“It’s a grind,” Cuban said, whether it’s a company or the NBA. “If you’re going to be a great champion athlete: When all your friends are partying, you’re working. When your friends are having pizza and a burger and a beer, you’re eating exactly what your dietician told you. Being an entrepreneur is the same way: When your friends are partying, you’re learning, right? You’re going the extra mile for a customer, you’re working on your product, you’re strategizing.”
2) Go to bed dreaming about your work
“If you’re an Olympic athlete or professional athlete, you’re dreaming about your sport,” Cuban said. “You wake up thinking about it; you fall asleep thinking about it. Great entrepreneurs do the same thing. You know, when you dream, you dream about work. And it sounds bad in some respects, but it’s your baby. And it’s what you love to do, and so you wouldn’t want it any other way.”
3) Lessen the stress of your team
“The best employees are the ones that reduce the stress of people around you. The best athletes are the ones that reduce the stress of people around them because they’re confident,” Cuban said. “They trust their preparation, they know they’ve done the work, and they know they’re going to be able to perform.”
Cuban also gave his advice for new college graduates and told Bold TV’s David Grasso his biggest tip is to start working — even if you haven’t chosen a career path. “You don’t have to be focused on ‘adulting.’ Just, you know, get a job,” he said. Cuban said even if it’s not the perfect job, a young person will be able to network, learn new skills and (hopefully) relax.
He said, “If you’re always learning and trying new things, eventually you stumble upon that thing you like to do and that you’re good at. And once you like it and you’re good at it, nobody quits that kind of job or career.”
Editor’s Note: SALT is a Bold publicity partner.