He had nothing to lose, and he wanted to prove himself. I think the same thing was happening with Mark. Because he was already living a low-cost lifestyle - he didn’t have anything to lose!įor me - I was fired at Facebook, I was fired/quit Mint, my next company was also banned by Facebook - so yeah, I had a chip on my shoulder. He lived with 5 guys in a 3 bedroom apartment, slept on couches, and didn’t take a vacation for 7 years. Mark attributes a lot of his early successes to the power of being broke. He grew the company to $30 million in revenue and in 1990 at the age of 32, he sold the company to Compuserve and got $2 million dollars from the deal. So with the support from several customers, he actually started his own business - MicroSolutions - which was a computer consulting service. ![]() So Mark thought… Maybe I shouldn’t work for other people. ![]() (Don’t worry Mark, I got fired too)Īnd that was actually the 3rd time he had been fired. Mark Cubanĩ months into that job, Mark became the top salesman.īut then he was FIRED for disobeying his boss. And they weren’t doing the work to keep up. Because they only knew what they were taught in school. Very quickly I learned that by putting in that extra time, I knew stuff that people who went to college for this stuff and had advanced degrees in it, didn’t know. Mark didn’t know anything about software!Įvery night, he brought home a different software manual and read it - no matter how late at night it was. ![]() His role was to open the store, sweep the floors, and sell software. He eventually got a job at a PC software company, Your Business Software. BONUS: How To Start A Business While Working A 9 to 5Īfter college, Mark drove his beat-up Fiat to Dallas with $60 in his pocket and moved into a 3 bedroom apartment with 5 other guys. Yeah, you can watch a lot of videos, buy a lot of books and courses, look for other software tools, but what Mark did is he put in the time to try a lot of businesses out, and eventually that built up skills for him to be successful at larger companies. So something to think about for yourself especially if you’re young (and even if you’re really old) is take action NOW. And because of that, he was able to negotiate majority ownership in ventures like Motley without having to put up any of his own money. He spent a decade building up experience as an operator, salesman, and marketer before he even started his first real business. The major takeaways from Mark Cuban’s early life? He always had 51% ownership even though he never put his own money upfront - but no one minded because he always built up the business. Unfazed by the shutdown, Cuban took these business lessons from Motley into his next venture. This bar became the go-to spot in Bloomington but was ultimately shut down after word got out that an underage girl had won a wet t-shirt contest. His next big step was opening a bar called Motley. That stamp money he made eventually helped pay for his college at the University of Indiana where his side hustles really started taking off.Īt college, Mark would teach sorority girls how to disco for $25 dollars per hour. Through collecting stamps, he was able to learn about the laws of supply, demand, pricing, and when to buy/sell/hold an asset. At age 12 he sold garbage bags door to door and by the age of 15, he was peddling stamps.Ĭuban says that selling the stamps taught him more about business than any class he’d ever taken. At 9 years old, he was buying baseball cards, bundling the Pittsburgh Pirates players together, and reselling them on the playground at a premium. Mark Cuban actually started hustling at a very young age. While his father spent nearly half a decade working as an automobile upholsterer, some say the roots of his entrepreneurial genes came from his grandfather who immigrated from Russia and fed his family by selling merchandise out of his truck. Mark Cuban was born on July 31st, 1958 in Pittsburgh, Pennsylvania, and grew up in a working-class family just like a lot of us. Mark Cuban Net Worth: How Mark Cuban Became a Billionaire by 41 Join 157,000+ subscribers getting my FREE weekly business tips In this post, I’m going to break down how Mark went from broke to billionaire by the age of 41. He spent his early twenties sharing a 3-bedroom apartment with 5 other guys. Mark Cuban is one of the wealthiest people in America with an estimated net worth of 4.3 billion dollars (!!) but getting there wasn't easy. Last updated on DecemMy Free Marketing newsletter □ ![]() Mark Cuban Net Worth Breakdown: How He Makes his Billions
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