By Simran Kaur Wadhon
Introduction
One of the most famous name while talking about influential Business Mogul is “Mark Cuban”. Mark Cuban is known for his notorious nature and his strong and unambiguous ideas and businesses. He was born in Pittsburgh in 1958. His family was immigrants who came from Russia and his grandfather and his father was trying really hard to support the whole family.
Cuban studied in Mount Lebanon High School at Pennsylvania and even at such a young age he was able to earn by doing part-time jobs. It was at the age of 12 that Mark Cuban did his first deed to earn money for a pair of shoes he liked. He started selling garbage bags door to door to buy it. This showed the tenacious attitude of Cuban to change his life.
In 1981, Cuban went to Indiana University of Bloomington and graduated with a Bachelor of Science in Business Administration.
By far Mark Cuban is known as an Entrepreneur, Investor and as a Philanthropist.
Important Life Events
After completing his graduation from the Indiana University of Bloomington, Cuban went back to Pittsburgh and started working for a bank. But he never wanted to restrict his opportunities within his hometown, so she left Pittsburgh in 1982 and went to Dallas which changed his life forever.
In Dallas, Cuban got a job in a software company and started selling software. While doing his job, he eventually formed his own consulting business called 'Micro Solutions’. His understanding of computers and its software made his business accelerate at a great speed and by 1990, he sold his firm to CompuServe for a whopping amount of 6 million dollars. He started another business with partner Todd Wagner called 'AudioNet’ (later Broadcast.com) in 1995 which they sold to 'Yahoo’ for nearly 6 million dollars.
Before his success, Mark Cuban has gone through a lot of hardships. Once, when Cuban went back to his house after work, with no light because of unpaid electricity bill, in the words of Mark Cuban, it was the biggest inspiration for him to change his life.
Thereafter, Cuban never looked back.
Being a fan of sports, in 2000, Mark purchased an NBA Team i.e. Dallas Mavericks. During this time, the team was in a poor state with having mediocre players and coaches. Cuban turned his Basketball franchise from blunder to a huge success. With his enthusiasm and dedication to improving, he changed the condition of the team for the better. Today Dallas Mavericks is a widely known name in Basketball.
In 2001, Mark Cuban launched high-definition network ‘HDNet’ with his partner, Philip Garvin. 'HDNet’ is the only network that provides the highest level of digital broadcast quality available. He also started ‘2929’ media company with his former partner Todd Wagner.
Key Works
Micro Solutions
His first business venture ‘MicroSolutions’ (1990) a computer consulting firm changed his life. This business made him a billionaire and gave him the opportunity to venture into other business as well. Today ‘MicroSolutions’ is known world-wide.
Dallas Mavericks
This NBA Team is yet another reminder of Cuban’s utmost will and dedication to keep on improving for the best. For the first time in 2006, the team was able to compete in NBA under Mark Cuban and became NBA World Champions in 2011. In Forbes Magazine, Dallas Mavericks is listed as the most valuable franchise in sports.
Shark Tank
Shark Tank is an American reality series started in 2009 in which Mark Cuban is one of the sharks(investors). This show boosted up the popularity of Mark Cuban. Through this, Mark was able to showcase his knack for business and invested in various businesses to provide them with consultations and views as an experienced businessman and leader.
Conclusion
He has ventured into many businesses so far and has seen many highs and lows; profits and losses but have never be seen to lose hope. He has learned a lot from his failures and continue to strive for the best and move forward and upward with his bold mindset and a strong determination. Mark Cuban is a real-life inspiration for every businessman and their startup projects.
“It doesn’t matter how many times you have failed, you only have to right once” ~Mark Cuban
