Mark Cuban is a very successful guy. He is worth over three billion dollars. He is the owner of the Dallas Mavericks, Landmark Theatres, and Magnolia Pictures.You may have also seen him on the show Shark Tank.
Sometimes we look at massively successful people like Cuban and we feel as if they are so different from us. We act like they just got everything right, like they are so much more intelligent and creative than we are. We call them things like “genius” and “innovator.” We feel as if the billionaires of the world are so much better and smarter than we are.
Other times we feel as if “the stars aligned” for them. They must have just been in the right place at the right time! Maybe they got a little lucky! I think we all have a tendency to think that the wealthy people of the world somehow got wealthy just by chance.
In Mark Cuban’s book, How to Win at the Sport of Business, he starts one the chapters with by saying,
“In basketball, you have to shoot 50 percent. If you make an extra 10 shots per one hundred, you are an All-Star. In baseball you have to get a hit 30 percent of the time. If you get an extra 10 hits per hundred at bats, you are on the cover of every magazine, lead off every SportsCenter and make the Hall of Fame. In business, the offs are a little different… It doesn’t matter how many times you strike out. In business, to be a success, you only have to be right once.”
Cuban’s first business was selling garbage bags. He started a restaurant in college. He worked for Mellon Bank. He worked for Tronics 2000. He tried to start a business specializing in the sale of powdered milk. He then worked as a bartender. Soon after, he worked for a software store from which he eventually got fired.
Eventually, Cuban started MicroSolutions which he sold after seven years for $6 million. The rest is history. In business, to be a success, you only have to be right once.
Cuban says that after he sold MicroSolutions people kept telling him how lucky he was. They told him it was just the right time for that type of sale. Then, when he started making money trading technology stocks that related to MicroSolutions, people told him how lucky he was to have expertise. “Of course,” Cuban says, “no one wanted to comment on how lucky I was to spend countless hours reading software or Cisco Router manuals, or sitting in my house testing and comparing new technologies…”
The -aires of this world aren’t a subset of superhumans that we are beneath. What we sometimes fail to understand about these people is that they aren’t necessarily special, they are just relentless. They aren’t afraid to fail. Failures, to them, are necessary stepping stones to success. Cuban is one of many examples of successful people who didn’t let failure stop them. These people aren’t perfect. They just believe in themselves and they don’t stop. They get it right once.
Cuban ends his chapter by saying,
The point of all this is that it doesn’t matter how many times you fail. It doesn’t matter how many times you almost get it right. No one is going to know or care about your failures, and neither should you. All you have to do is learn from them and from those you because…
All that matters in business is that you get it right once.
Then every can tell you how lucky you are.
It’s not just for business; it’s for life.
Go out and fail at something today…
It’s good for you in the end!