As the billionaire entrepreneur explains, this advice is especially useful for those who are still young or struggling financially
Mark Cuban, the entrepreneur who founded Broadcast.com in 1995 and four years later sold it to Yahoo for $5.7 billion, is considered a technology and investment guru.
Today, he has a personal net worth $5.1 billion, has bought the NBA team Dallas Mavericks and invested in dozens of startups.
What is his advice for those who want to make a lot of money like him? To try many things until they find out what they are good at. And then work to become “great” at it.
“When you find something you're good at, pursue it. You just do everything you can to become great at it and then you can really make money,” Cuban has said. “That's how the money comes out.”
As the billionaire entrepreneur explains, this advice is especially useful for those who are still young or struggling financially.
“If you're black, now's the time to try. Because what's the worst that can happen? At most, remain unmarried. But if you keep trying different things, when you find that one great thing, then amazing things will happen,” says Cuban.
Of course, the billionaire entrepreneur acknowledges that the process can be daunting at times. . “I think a lot of people resent it because it's hard to find something you love to do and be good at,” he admits. “Life needs work and it wants you to learn. If it was easy, everyone would do it.”
After all, he himself tried many things in his first steps, such as working as a bartender and repairing televisions. Then he got a job at a computer software sales company, but he didn't know much about it. He says he only took one computer class in college and copied to get through it.
So he started reading computer textbooks to learn the technology. When he founded his own software company, MicroSolutions, he continued to learn. “I really put in the effort and it turned into something big,” he has said.
Cuban sold MicroSolutions for $6 million in 1990. The Broadcast.com mega-deal followed a few years later. Although he is now one of the richest people in the world, he says he is still learning. If he wants to invest in a technology, he needs to know how it works, he explains. “I'm still reading the manual. I want to be that guy who really knows what he's doing.”