Mark Cuban’s 12 Rules for Start-up Companies

Mark Cuban’s 12 Rules for Start-up Companies

It’s safe to say, Mark Cuban, owner of the Dallas Mavericks basketball franchise and countless other corporate entities is a pretty astute businessman.  With a keen eye for new and emerging companies, he has built an empire enviable of just about anyone.   Cuban, whose net worth Forbes estimated to be $2.6 billion, recently shared his 12 rules when it comes to starting a business:

  •  Rule 1 – Don’t start a company unless it’s an obsession and something you love
  •  Rule 2 – If you have an exit strategy it’s not an obsession
  •  Rule 3 – Hire people you think will love working there
  •  Rule 4 –  Sales cure all
  •  Rule 5 – Know your core competencies and focus on being great at them
  •  Rule 6 – Lunch is a chance to get out of the office and talk
  •  Rule 7 – No offices.  There’s nothing private about a start-up
  • Rule 8 – As far as technology, go with what you know
  •  Rule 9 – Keep the organization flat
  •  Rule 10 – Never buy promotional  swag
  •  Rule 11 – Never hire a PR firm
  •  Rule 12 – Make the job fun for employees

 Starting a new business requires dedication, hard work, planning and financing. Mr. Cuban’s 12 rules combined with a viable business plan and execution will most certainly be keys to your success.

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