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Motivation Daily by Motiversity

THE #1 REASON WHY MOST PEOPLE FAIL IN BUSINESS

Motivation Daily by Motiversity

Motiversity

Motivational Video, Daily Motivation, Education, Self Improvement, Self-improvement, Inspiration, Health & Fitness, Motivation Daily, Motivational, Best Motivation, Health And Fitness, Fitness, Motivational Speech, Motivation Podcast, Gym Motivation, Motivation, Motiversity, Motiversity Podcast

4.71.9K Ratings

🗓️ 21 April 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

This is Billionaire Mark Cuban's advice for entrepreneurs in one of the most eye opening interviews of 2022, revealing business and life lessons he's never told before!


Music by Borrtex (https://www.youtube.com/Borrtex).



Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Out of all the reasons in the world, and I've read your book, you have the 10, you know, all these keys to success, et cetera

0:04.8

What would you say is the number one reason why people fail not necessarily why they make it the complete opposite?

0:09.5

Right, lack of brains, lack of effort, lack of brains, lack of effort

0:12.6

Yeah, they just don't do the work, they don't learn, you know, when you walk in the room, when you start a business and you start to talk about somebody

0:18.4

You're never in a vacuum with no competition, you know, unless you're just extremely lucky

0:23.6

And if there's going to be competition, that means somebody else knows your business as well as you do when you get started

0:29.0

And if you're walking to a competitive environment and they still know more about the business than you do and more about your customers, you're going to lose

0:37.0

But most people don't consider that, they don't do the work, they don't learn more about their industry, they don't know even about their business

0:43.5

I mean, and so you've got to put in the effort to know more about your industry than anybody else

0:48.5

And that's the brains part and that's the effort part as well

0:53.0

Because look, if you're competing with me, you better know what you're doing otherwise I'm going to kick your ass

0:58.5

You know, and you're not going to outwork me, and so, you know, the combination is usually what kills businesses early on more than anything

1:08.0

You know, alluded to earlier about entrepreneurs being born or built, you know, and I think they're...

1:14.5

I knew I was wired to be excited about business

1:17.5

How or why, I don't know, but, you know, and there's certain guys that have the genetics to jump out of the gym, right?

1:23.5

You know, certain guys, you know, that, you know, when they golf they have the muscle memory and the discipline

1:28.5

You know, Derp, the biscuit may not be the most talented guy in the NBA, but his discipline and his focus to do what's necessary to be successful

1:36.5

He's willing to do and combine it with being 7 feet tall and being skilled, you know, makes him an amazing basketball player

1:43.5

So it's understanding what your skill set is, finding the right place to use those skills, and then going for it

1:50.5

You know, will that make you 250 grand? It depends if you pick the right industry

1:54.5

But whatever industry you pick, if you outwork everybody, if you try to be a little smarter than everybody

2:00.5

If you try to be a better salesperson than everybody, if you try to be better prepared than everybody

...

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