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Mark Cuban

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
3988 total appearances

Appearances Over Time

Podcast Appearances

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And so you're having to become a lot more innovative in how you sell your products.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

in streaming products, whatever it is, you've got to find what the most cost-effective way to go is.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Now, part of the challenge is that learning process.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

So I'm never a fan of spending a boatload.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

I'm a fan of test a lot, test and retest, test and learn, because it always evolves.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And spending for search engine advertising or Facebook ads, whatever it may be, YouTube,

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

you're competing with everybody in your category.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And that's getting the price higher and it's getting the returns lower in a lot of respects.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

So you've got to understand what the compelling aspect is for people to say yes.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

What is the path of least resistance for you getting someone to say yes?

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And you don't want to go all in.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And the other thing I'll say for startups is I'm not a fan of brand advertising.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

No, not even a little bit.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

You earn your brand and your brand...

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

captures an identity based off of your execution, right?

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

What do you mean to your customers?

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

That is your brand.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

If you're trying to show pretty pictures and people running on the beach and all this, and you're kind of virtue signaling to your business, that's typically a waste of money.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Now, unless you're Pepsi or Coke or whatever.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And, you know, and then the other thing that I see a lot of companies make mistakes and they hire a marketing or finance, whatever, and they just do MBA 101.