20 Tips for Cuban class: Don't start a business in a business that isn't obsessed

Beijing Time December 04 news, according to foreign media reports, Cuban has been criticized for the nature, but his sports, network, television media and other areas of achievement has to be admired, his point of view is sharp and interesting, the following is the author summed up the 20 views:

Cuban is the boss of the NBA's Dallas Mavericks, and his HDNet company runs the first full day High-definition program channel in the United States. Although Cuban has been criticized for his nature, his career history has made him admire his achievements in sports, the Internet and television media.

The first job in the library was to be a waiter at a pub in Dallas, and soon he went to the software retailer your Business software as a salesman. But because of a large deal with the client, unable to return to the store on time to open the door, he was eventually dismissed.

After leaving your Business software company, Cuban began to set up his first company Microsolutions. He did very well, and in just 7 years the company's annual profit margin reached 30 million dollars. In the 1990, Cuban sold Microsolutions to CompuServe for 6 million of billions of dollars in the boom of the internet economy, earning a net profit of 2 million dollars.

Cuban founded the second company in 1995, and this time he did better, 1000 times times as much as a company. He and his college friends and business partner Tode Wagner came up with the idea of using the Internet to relay sporting events, and set up the famous broadcast website. In July 1999, he sold the site to Yahoo for 6 billion dollars.

Shortly after the site was acquired by Yahoo, Cuban sold all of its shares of about $2 billion in Yahoo. His timing was extremely accurate, as the stock market crashed shortly after the Sell-off.

Since then, Cuban has been working while looking for investment opportunities. Now he is the Dallas Mavericks boss and owns the HDNet company. He often appeared on reality TV shows, and even took part in a program like Shark Tank or "Dancing with the Stars."

Cuban has made many points in recent years, in view of his extraordinary achievements in sports, the Internet, television and other fields, we can indeed listen to his ideas, the following is the author's 20 major points of view:

1. About the team game

I don't care about the team. I just hope the Los Angeles Lakers will do badly.

2, whether to enter the sports industry work

Absolutely not. For a college graduate, planning to enter the sports industry may be the worst idea. There are thousands of people competing for the same job, and you're probably not going to get anything in the end.

3, how to do customer service

Treat customers as God and they are God.

4. Whether the relationship is important

It has nothing to do with money or relationships, and the most important thing is whether you are willing to do a better job than others, and learn faster than others. If you can't do this, then you can only learn from the past experience, the next time to continue to work hard.

5. Evaluation of Wall Street

Wall Street used to be a place for entrepreneurs to raise money, but now it's completely different. Wall Street has become a stage for hackers to perform.

6. Following your passion is the worst advice

Everyone is passionate about something, and usually there is not just one thing. It's been like this since we were born. We always meet the things we want to do, these things are our dreams, but also we are willing to give life to work hard. But for those passions, I really think it's worthless.

Take a look back at what you've been passionate about in your life, and think about the passions that you thought they could do to make you a career or a company, but what happened to that enthusiasm? From one passion to another, why didn't you make a big career? Or, if you've made some small achievements, what are the core elements of your success?

Today's young people are growing up, and many are being asked to pursue our generation's dreams. But the fact is that the world has changed, and as unemployment continues to occur, we fully understand that enthusiasm is nothing but ridiculous, and it has failed people's expectations. This idea is no longer valid, or at most an incomplete idea, so what should we do? I think it's best to forget the passion you're looking for and concentrate on finding the biggest problem.

7, the new enterprise best not to hire public relations company

In my opinion, it is better to communicate with clients directly than through intermediaries, so as to achieve greater success. I just need to look at the cash you have in the bank to determine exactly whether your company is struggling to maintain or is already moving forward.

8, Blockbuster

It doesn't matter how many times you fail, the main thing is that you need to do the right things immediately. In the end, everyone will tell you that you have succeeded.

9, the CEO often said the lie

We do this in order to maximize the interests of shareholders.

10. What is "definite return"

If you have 25,000 dollars, 50,000 dollars or 100,000 dollars, you are in a better position to repay all your debts. That's the definite reward.

11. Why does the government levy a tax on transactions of more than 10 dollars per dollar?

The government is simply putting the market back on the footing, which is where the stock and bond markets should be, enabling companies to raise money for development. Investment banks used to profit in this way, and they would find small businesses that needed money and then introduce them to investors. Although they were not big at the time, they pushed for the creation of very fast-growing enterprises. Today we can still learn some of the advantages. Making the stock market the starting point for the company is more valuable than generating business through high-frequency traders and creating more jobs.

12, middle school students how to make money faster

Selling shoelaces.

Are you sure selling shoelaces will make money soon? Yes, I'm talking about shoelaces.

I promise you, if you buy a lot of shoelaces with the varsity colors at two dollars, and then set up a logo and two chairs in the parking lot of any high school or college football team, you can start making money. No rugby season? Then you can choose to be in a crowded area of community, such as the market for flea markets, basketball games or dance performances. As long as the people in your school are there, you can set up a logo and put a chair there.

You can write "with your school" on the logo and design the laces as the school team color, then charge 10 dollars for primary school, and 20 dollars for schools with large schools or rich people. If you want more revenue, you can add "in just five minutes, you can lace your shoelaces, or else it will be free." "If you are entrepreneurial, you can also put up five ways to tie your shoelaces on a poster and charge for anything other than the traditional shoelace method," he said.

13, the start-up enterprises do not buy "small gifts" for employees

The most unsuccessful way to start a business is to buy a polo shirt with a company logo.

If your employees are working in public, that is understandable. But if you want them to wear them outdoors, you're naïve, or you don't know how to spend.

14. How to choose the business

If you're not obsessed or have your favorite things, don't start a business. If you already have an exit strategy, then that's not an obsession.

15, the start-up companies should not have a personal office

An open office environment allows everyone to know what's happening around them and keep them energetic. If an employee wants privacy protection, you should teach him how to use the lock in the bathroom.

16, managers report to the manager doomed to failure

In startups, if a manager needs to report to another manager, the business is doomed to fail. And if your company has been through the early stages of entrepreneurship, this is still happening, and that is a political issue.

17. How to make people's life more interesting

Get an immediate understanding of what your employees are doing and what they have achieved and reward them. When I'm in microsolutions, if someone is doing a good job, or if we create a new sales record for a one-month period, I'll give the team or individual a cash bonus of 100 dollars. In addition, in Microsolutions and broadcast, we have established a special Action team. We'll take our staff to the bar and buy everyone a glass or 10 beers. In Microsolutions, we also have salespeople covering the labels, and they love this kind of party.

18. Whether to challenge the traditional view

I like to challenge traditional viewpoints very much. I firmly believe that in business and politics, even if everyone does the same thing, only a handful of people can achieve extraordinary results. Most obviously, it is unwise for those in the industry, party or organization to stand up and challenge the incumbents, which often leads to losing their jobs, loss of customers, or loss of support. In the enterprise I founded, it is very important to challenge the traditional view, I am more inclined to gain from the other side. For me, this is a huge benefit to me, and I enjoy the process.

19, with a share of 200 U.S. dollars sold Yahoo shares, but the share price now up to 230 dollars, whether will regret?

Chow Conan (Joe Kernan): Mark, I know you own a private jet, it's Gulfstream V, right?

Cuban: Yes. When we go to other cities or countries to pick players for the Mavericks, it feels really good to ride it.

Chow Conan: You sold Yahoo shares at 200 dollars a share, but it has now risen to 230 dollars per share, do you regret it?

Cuban: You know, it's hard to think when you're flying around in your Gulfstream VD. After selling Yahoo shares, I asked myself: What's the worst? I left the bank with 2 billion dollars? How much do I want for money?

20. The key to Success

The most important thing about success is not the dreams you do, but the things you do now. (Joker)