Some people like Mark Cuban because he owns the Mavericks or because he is a star on the TV show Shark Tank.
However, I like him for his business insight and the fact that he has a great interest and respect for the tech and e-sports scene. If you ever need proof, just watch a few episodes of Shark Tank.
Contents
“Every No gets me closer to a Yes”
Self-explanatory for me as I have heard advice like this hundreds of time on my quest to success. But for anyone new, this basically means you don’t let rejection or failure affect you.
This can come in many possible forms: a rejection for a job or interview, your dating life, a sales call, bankruptcy, or people saying you aren’t cut out to make it.
Most people give up after their first or second No. If you hang in there and expect at least 6 months of failure or hundreds of rejections, you have an infinitely higher chance of succeeding.
Life wouldn’t be that interesting if everything was a success anyways. Your struggles are the best part of your story when you look back at your life.
2. “Sweat equity is the most valuable equity there is.”
You have to put in hard work. One day you will be even more successful. But to get there, you need to put in some work. You can’t expect to sit on your butt and be lazy to succeed. Some of you say you work hard but I bet I can catch you slacking off for 2 to 4 hours every day doing something unproductive. It’s sad but so true.
I personally see this “work hard” advice too often. It is true and worth mentioning to people who are lazy and don’t know it. But to add on to this, I think there is much more to the puzzle than just this.
A garbage man can work 18 hours a day very hard but not advance. I can work hard writing 50 articles a week on a blog and still get no views. In fact, that is pretty much how my first few years of Youtube were like. I spent hours on my Youtube channel every week and made 500+ videos and still only got ~30 views per video. So let’s see what else we can do.
3. “Love what you do or don’t do it.”
Having a decent enough interest in your job or work can do wonders. It keeps you going at it even when others get bored, annoyed, or frustrated.
To some, it may not even seem like work anymore.
Finding your passion and a way to monetize that goes far beyond the scope of this course but I have done dozens of free video mini-courses and 30 minute discussions on this topic.
4. “Work like there is someone working 24 hours a day to take it away from you.”
This one is more about the motivation behind working hard.
If you understand that the world is a competitive place by nature, you can push yourself to succeed and stay successful. More importantly, it will keep you vigilant and prevent you from relaxing, which is Warren Buffett calls the biggest danger for an already successful business.
You have to realize that there are other people out there who love doing what you do, who have talent, and are willing to work. Slacking off can lead to them catching up to you again. Even if you are currently way ahead of them.
5. “It’s not in the dreaming, it’s in the doing.”
I interpret this quote differently than most, as I probably do for most quotes. The reason is because I have thousands of pieces of advice from thousands of successful people I have studied to cross-reference this buy. It helps me from mis-interpretting a quote and taking the wrong advice from it.
I would say that you should dream big of course, but also do. The emphasis is on actually taking some action. All the knowledge or dreams in your head stay dreams if you keep them locked up without doing anything.
The richest place in the world is the graveyard of dreams because so many people simply keep their dreams and goals in their head.
Walt Disney turned his beautiful imagination to life by creating the most amazing animated films of all time.
In Conclusion,
The hosts of Investor’s Podcast made a point that I agree with. Out of the many billionaires, he is different because he became one largely because of selling his website broadcast.net to Yahoo for an extremely large amount of money right before the Dot Com crash. Yahoo paid a lot more than it should have for it.
Having said that, he shouldn’t be discounted. He was still a successful businessman many times over before the Yahoo deal. It’s just that he might not have been a billionaire. He also done a good job preserving and growing his billions, which is tough to do. That’s why I recommend his book: How to Win at the Sport of Business: If I Can Do It, You Can Do It (affiliate link to Amazon). He’s said it can be worth more than an MBA.
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Posted by Will’s Success Advice on Tuesday, January 5, 2016
