Success isn’t holy grail, at least not for Mark Cuban

In Inspiartion, Leadership

Phenomenal success, without a doubt, is more than difficult to attain, but if you want it bad enough, why, you have to chase it hard enough.

But what if that outstanding success is still stubbornly unttainable? Why, you have to keep on chasing it until it is eventually attainable.

This is what is immediately deducible from the life of one famous billionnaire entrepreneur and investor.

He goes by the name Mark Cuban. Boasting a net worth of more than 3 billion US dollars, the 58 year-old is the unblinking owner of several money-minting ventures including NBA’s Dallas Mavericks, Landmark Theatres, and Magnolia Pictures, and is the chairman of AXS TV, the first high-definition satellite television network.

Born in Pittsburgh, Pennsylvania to Norton and Shirley Cuban, his father was an automobile upholsterer and his mother, a person with “a different job or different career goal every other week”, according to their rather forthright ultra-successful son.

Cuban’s first step into the business world occurred at age 12, when he sold garbage bags to pay for a pair of expensive basketball shoes.

The main star and “shark” investor on the award-winning reality television show, Shark Tank also attempted to vend newspapers in his hometown to no vail.That was just at age 16.

While attending the University of Pittsburgh few years later, he tried a variety of jobs including a bartender, disco dancing instructor, and a party promoter, but ended up failing in all of them.

In 1982, at 24 years, he moved to Dallas, Texas, on the word of some of his college friends, in a 1977 Fiat X19 that reportedly had a hole in the floorboard. Upon his arrival, he worked numerous odd jobs but he simply couldn’t find something that he was good at.

In one of such jobs, Cuban was fired less than a year later after meeting with a client to procure new business instead of opening the store.

He failed at bartending because he couldn’t open a bottle of wine without the cork falling in. He failed at short-order cooking because he never knew when the food was ready unless he cut off a piece and tasted it.

But when he landed an opportunity to start MicroSolutions, a network configuration and software vending company, the business eventually took off.

By the time he sold MicroSolutions to CompuServe in 1990 for 6 million US dollars, Cuban had managed to grow it to a 30 million dollar company.
That gave him the incentive, at age 37, to create Broadcast.com in 1995, a company that was later acquired by Yahoo in 1999 when it was sold for 5.7 billion US dollars in stock.

After the sale of Broadcast.com, Cuban diversified his wealth to include entertainment, startups, and sports.

In 2011, he was No. 211 on Forbes’ list of “World’s Richest People”, with a net worth of 2.6 billion dollars. The Guinness Book of Records credits Cuban with the “largest single e-commerce transaction”, after he paid 40 million US dollars for his Gulfstream V jet in October 1999.

As of January 2016, he has invested in 82 deals across 109 Shark Tank episodes, for a total of 19.4 million dollars.

It is on record that Cuban’s top three deals, all with at least 1 million dollars invested, are Ten Thirty One Productions, Rugged Maniac Obstacle Race, and BeatBox Beverages.

He also owns film distributor Magnolia Pictures, besides AXS TV.

On January 4, 2000, Cuban purchased a majority stake in the NBA’s Dallas Mavericks for 285 million US dollars.

In the 20 years before he bought the team, the Mavericks won only 40 per cent of their games, and a playoff record of 21–32. But in the 10 years following, the team won 69 per cent of their regular season games and reached the playoffs in each of those seasons except for one.

As at now, the Mavericks’ playoff record with Cuban is 49 wins and 57 losses.

BY MOSES OMUSOLO

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