In success stories we take a look at some of the most successful people in history and breakdown their lives and tips to success. In this post we’re taking a look at Dallas Mavericks owner Mark Cuban.


 

Profile

NAME: Mark Cuban

DOB: July 31 1958

NET-WORTH: $3 Billion USD

INITIAL AGE OF SUCCESS: 32

MENTORS: His old CEO on what not to do in business


 

Early Life

  • Born in Pittsburgh
  • Sold garbage bags at age 12 to pay for sneakers
  • Started selling papers aged 16
  • Also had jobs as a bartender and a party promoter
  • Attended the university of Pittsburgh for less than a year before he transferred to Indiana university to study business administration
  • Owned a pub on campus which was well known for hosting wild parties. Mark did well financially from this pub, but was later shutdown
  • In 1982 he moved to Dallas and worked as a bartender before becoming a sales person for your business software. He was fired a year later after making decisions without consulting his superiors first
  •  At 25 he started Microsolutions which he later sold in 1990, aged 32 for $6m. Mark made $2m for himself after taxes

 

Growth

  • In 1995 he started Audionet which later became broadcast.com in 1998. By 1999 broadcast.com had grown to 330 employees and $13.5m in revenue for the 2nd quarter
  • Broadcast.com allowed people to watch events online through live streaming. The event that put them on the map was the Victoria Secret Fashion Show
  • That year Yahoo! bought broadcast.com for $5.7b in Yahoo! stock
  • In 2000 Mark bought a majority stake in the NBA team Dallas Mavericks for $285m
  • In 2003 he purchased Landmark theaters and would later purchase Magnolia pictures
  • Also in 2003 Mark was featured on the cover of Best Magazine for the release of HD Television
  • In 2004 Mark tried to create his own TV show called The Benefactor. The show consistent of 16 contestants vying for a prize of $1m. However the show was later cancelled due to poor viewing figures
  • In 2007 Mark released his book “How to win at the sport of business”
  • In 2011 Mark was announced as the 459th richest person in the world on the Forbes list
  • He decided to diversify his wealth and invest in multiple businesses

 

Current Life

  • Has accumulated over $1.5m in NBA fines, mainly due to referee directed comments
  • Mark is always looking at investing in more sporting ventures
  • Has many charities including the Fallen Patriots Fund for families who have lost someone in the Iraq war
  • Recent rumors were circulating about Mark running for president, however he was quick to dispel these rumors even though he originally created them
  • Has donated over $5m to the university of Indiana
  • Lives in a 24,000 square-foot mansion in Dallas
  • Watches as many Dallas Mavericks games as possible
  • Highly paid keynote speaker

 

Top Traits

  • Passion
  • Committed
  • Competitive
  • Fearless
  • Energetic
  • Ferocious reader
  • Charming

 

Top Tips For Success

  • Know how to sell
  • Put yourself in the customers shoes
  • Know as much about technology as you can
  • Be nice
  • Take the path that’s best for the customer not the least resistant for you
  • ABS – Always be selling
  • Hire great people
  • Put in the time
  • Being rich is a good thing
  • Business should be treated like a sport
  • Stay focused and believe in yourself

 

Best Quote

Work like there is someone working 24 hours a day to take it away from you