Mark Cuban on "The sport of business"

Mark Cuban, who sold garbage bags door to door and had a knack for playing the arbitrage game in the stamp business, shares his view on what it takes to be an entrepreneur. He calls the startup game: "The Sport of Business." He advises that entrepreneurs should think of themselves as being against everyone. "It's you against them," he said.

The big lesson for him (having started many businesses and is currently the owner of the Dallas Mavericks and co-founder of HDNet) is that most everyone has ideas, but it's not enough.

What it comes down to are two things:

1) Find something you love to do. Don't find something that makes money and work backwards. Find something you love to do.

2) Do the work. The idea doesn't carry the business. The amount raised won't take care of all the problems. (I'll add: ideas are 2% and execution is 98%)

Check out Mark's video pitch on lessons learned. And, go to vator.tvfor more videos about entrepreneurs. If you're interested in participating in a business plan competition, you can check out the "Pitch Tim Draper your billion-dollar idea" contest vator.tv is running.

Comments

[istockdog]

vatortv? have YOU looked at their site recently?

Mark Cuban? Interesting combination, Cuban and Vator.

They are both gunning for another bubble...