Latest news with #MicroSolutions
CNBC
a day ago
- Business
- CNBC
Mark Cuban: At 24, 'I didn't take a vacation for the next 7 years'—until I sold my business for $6 million
When billionaire entrepreneur and investor Mark Cuban started his first business, he decided to go all in. So all-in that he didn't take any time off for nearly a decade, he says. "I didn't take a vacation for the next 7 years," Cuban told "The Playbook," a video series published by Sports Illustrated and Entrepreneur, in an episode that published on June 3. "All I did was learn, learn, learn." Cuban launched his first startup, a software company called MicroSolutions, at age 24. At the time, he was sharing a three-bedroom apartment with six roommates and had just lost his job at a computer software store. The situation made it easy for him to find the drive to build a company, he said. "I was broke as f---," said Cuban, 66. "I'd always been entrepreneurial, but that's motivating. I only had one direction to go, and I wasn't going backwards." Cuban was so single-minded in his efforts to build his business that he refused to take any time off, he said. He never would've reached his current level of success — starring on ABC's "Shark Tank" for 14 years, owning a stake of the NBA's Dallas Mavericks since 2000 — if he'd attempted to have a work-life balance, he his view, his options were to either work on his business every day or let someone else beat him, he said: "There is no balance. If you want to work 9-to-5, you can have balance. If you want to crush the game, whatever game you're in, there's somebody working 24 hours a day to kick your ass." Cuban has previously discussed his belief that a strong work ethic and willingness to put in the hours is the trait that is most likely to bring you success. "The one thing in life you can control is your effort," Cuban said in June 2023, in a LinkedIn video post published by entrepreneur and venture capital investor Randall Kaplan. "And being willing to do so is a huge competitive advantage, because most people don't." At age 32, Cuban sold MicroSolutions to CompuServe for $6 million. His next venture, audio streaming service sold to Yahoo in 1999 for $6 billion. His estimated net worth is now $5.7 billion, according to Forbes. After becoming a newly-minted millionaire, Cuban took off his watch and threw it away, he said during a SXSW panel in March 2024. The gesture was symbolic, he noted: With millions in the bank, he wanted to reclaim his time rather than feel like he owed it to anyone else. "I wanted to make enough money so I didn't have to respond to anybody else," Cuban said in a MasterClass course that published in February 2024. "I could make my own schedule and live my own life the way I wanted to do it."
Yahoo
06-02-2025
- Business
- Yahoo
Mark Cuban: Here's the ‘Perfect Time To Start a Business'
For many, it might be easiest to stick to a 9-to-5 job. A steady paycheck, benefits, and a predictable work schedule all seem great. However, you probably won't get rich from working for someone else. If you want to achieve great wealth, it might require starting your own business. Read More: Find Out: 5 Subtly Genius Moves All Wealthy People Make With Their Money While starting a business is no easy task, it can be lucrative and rewarding if you succeed. Look at billionaire entrepreneur and 'Shark Tank' star Mark Cuban who started the company that made him a millionaire when he was nearly at rock bottom. After being fired from his job and living with six roommates, he felt he couldn't go any lower. At that point, he created his first startup, a tech company called MicroSolutions, in 1983. 'If you've got nothing, it's the perfect time to start a business,' explained Cuban on the Lex Fridman Podcast. So, if you think you need a bunch of money to strike out on your own, that may not be the case and Cuban is living proof of this notion. Here are three tips to implement Cuban's advice and start your own business with little to no money. Use social media platforms to establish your brand, build your audience, and find your content niche. Making reels for Instagram or posting daily on Facebook are examples of free marketing opportunities and every burgeoning entrepreneur should take full advantage. Discover Next: Becoming an expert in whatever subject matter you specialize in is a crucial step to start a business. You can watch YouTube videos, read free blogs or listen to free podcasts from experts to grow your knowledge base. As they say, knowledge is power and without it starting and growing your own business may not be possible. Spend time researching low-cost and free marketing tools. For example, affordable email marketing software, website builders and project management software are all crucial tools to get your business off the ground. Starting with free and inexpensive tools can leave a budget for other business expenses. More From GOBankingRates 4 Subtly Genius Moves All Wealthy People Make With Their Money 4 Unusual Ways To Make Extra Money That Actually Work This article originally appeared on Mark Cuban: Here's the 'Perfect Time To Start a Business' Sign in to access your portfolio
