Billionaire entrepreneur Mark Cuban says all of us have had a new, exciting idea before, but most people stop when it comes time to actually do the work and make it happen.
The “Shark Tank” investor, owner of the Dallas Mavericks and CEO of AXS TV spoke to Bold TV’s David Grasso at Anthony Scaramucci’s SALT Conference. He said, “When you get to that point where most people stop, they think ‘Okay, I gotta raise money’ or ‘I don’t know what to do,’ that’s where you gotta put in the effort to learn what to do.” Whether it’s making a prototype or finding customers, Cuban said his biggest piece of advice for entrepreneurs is “just grind it out, and typically good things happen.”
Cuban warned that every entrepreneurial venture will have ups and downs, and spoke about his career journey, from when he “slept on the floor” after being fired to building companies that had “$30 million in sales.” Most recently, Cuban is getting into the junk food business, according to CNBC. He recently made a six-figure deal with Fat Shack, a Colorado company known for making giant, 2,000-calorie sandwiches, despite previously investing in healthier foods and supplements.
Cuban said it doesn’t matter how old you are — whether you’re 25 or 80 — “it’s never too late.”
He also gave his advice for recent college graduates and said the best thing to do right out of college is to get a job, even if it’s not the perfect job.
“You’ve spent 4 years taking on all the debt, paying to learn. Get a job that pays you to learn,” Cuban said.
He told Bold TV, “What really served me the best was that I was always trying to learn something new. I was always trying to stay ahead because most people don’t put in the effort to learn.”
Cuban said “learning how to learn” was the greatest skill he gained in college and “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.
Photo Credit: Gage Skidmore via Flickr