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Mark Cuban

👤 Person
3319 total appearances

Appearances Over Time

Podcast Appearances

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

Like with Alyssa's, you know, it's- I love that you always use her.

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

Yeah, it's easy, right?

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

Yeah.

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

Cost plus drugs, it's easy.

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

Right?

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

You know, we have another company, Wild Earth, which is vegan dog food.

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

It's harder because you have to explain it.

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

Yeah.

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

The education piece is- Yeah, so there's an education piece.

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

But the challenge now is because of the changes Apple made to privacy, getting a return on advertising spend, ROAS, is much more difficult.

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

Yeah.

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.