Duration 10:57

Mark Cuban: From Selling Garbage Bags to BILLIONAIRE

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Published 10 Sep 2012

* Join my BELIEVE newsletter: http://www.evancarmichael.com/newsletter/ Today we're going to take a closer look at a man who went from selling garbage bags to one of the most prolific entrepreneur billionaires in America. This is the story of Dallas Mavericks owner and successful entrepreneur Mark Cuban and the top 3 lessons that you can learn from his success. "To retire by the age of 35 was my goal. I wasn't sure how I was going to get there though. I knew I would end up owning my own business someday, so I figured my challenge was to learn as much as anyone about every and all businesses.." - Mark Cuban Mark Cuban (born July 31, 1958) is the well-known outspoken and brash owner of the Dallas Mavericks NBA basketball team who wears his heart on his sleeve and, as a result, is prone to many well-publicized outbursts. But, the billionaire Cuban is also an entrepreneur at heart, having created more start-ups in his early years than most others in a lifetime. However, this is not the way Cuban started out. His upbringing was middle class, with a housewife for a mother and his father and uncle working in an upholstery shop. He began selling garbage bags to local residents at the age of 12 and this was the start of his entrepreneurship career. He graduated from Mount Lebanon High School in 1976, but not before establishing a reputation as a hustler. Looking back, Cuban guesses that his classmates would have predicted he would either wind up in jail or owning a business. Thankfully, it was the latter that would prove to be correct. Cuban got his first real job selling franchises for a company called Tronics 2000, a TV repair shop. He left after just four months when his idea to branch out into computer repairs was met with rejection. "They just didn't see a future in computers," Cuban recalls. Unemployed, Cuban began to ask himself what kind of business he could start on his own. "I saw an ad for somebody selling powdered milk and I thought everybody needs milk like they need garbage bags," he said. So, Cuban created a company to sell powdered milk, but it was a self-admitted disaster. After four failed businesses, he began working for Your Business Software, an IT company, but was later fired. Cuban convinced some of its other employees to leave the company and join him in his latest venture, MicroSolutions. It was to be a system integrator and reseller for various IT companies, including IBM and Apple. In just eight years, the company had sold over 500 networks that ranged in size from two to over 1,000 users. By investing in cutting-edge technology and providing outstanding customer service, MicroSolutions had become a major player in the promising new IT industry -- so major, that in 1990, Cuban sold the company to CompuServe, Inc. for $6 million. Action Item #1: Know More Than Anyone Else Action Item #2: Don't Use Shortcuts Action Item #3: Learn From Your Failures Quotes "The thrill of victory in business blows away the thrill of victory in sports. Business is a sport 24x7x365." "It's always the little decisions that have the biggest impact." "There is very little knowledge that can't be obtained through effort. With knowledge you can determine the state of any business or opportunity and find a course to gain an advantage." ENGAGE * Subscribe to my channel: /user/Modelingthemasters * Leave a comment, thumbs up the video (please!) * Suppport me: http://www.evancarmichael.com/support/ CONNECT * Twitter: https://twitter.com/evancarmichael * Facebook: https://www.facebook.com/EvanCarmichaelcom * Google+: https://plus.google.com/108469771690394737405/posts * Website: http://www.evancarmichael.com EVAN * About: http://www.evancarmichael.com/about/ * Products: http://www.evancarmichael.com/zhuge/ * Coaching: http://www.evancarmichael.com/movement/ * Speaking: http://www.evancarmichael.com/speaking/ SCHEDULE * Mon - 1 Minute Mondays: /playlist/PLiZj-Ik9MmM2HwduoMCpvZRhd2qE22Fg- * Tues - Tech Tuesdays: /playlist/PLiZj-Ik9MmM3NGvdl33mEwdUdr19zti9s * Thurs - Thankful Thursdays: /playlist/PLiZj-Ik9MmM2Scsq-0Er3mA8U3Kqz9fiV * Fri - Famous Fridays: /playlist/PLiZj-Ik9MmM30QoA2ygo5RWzfQm8y7ScL * Sun - Famous Failures: /playlist/PLiZj-Ik9MmM2aeaKPqI5ILrNcLjbQZDob * Your Questions - Every day!

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