169: Billionaire Business Lessons with Shark Tank’s Mark Cuban
Mark Cuban is a very busy man. As one of the star judges of the hit show Shark Tank, Cuban has invested in nearly a hundred different startups that have appeared on the program. That's not even mentioning the investments he makes outside of the show, and the dozens of other businesses he's founded or manages himself. So how does a single person manage to keep so many plates spinning at the same time? His secret: Hiring the right people. Cuban is always making sure he has the best people staffing the hundred-plus businesses he's involved in. And while hiring seems like a pretty basic business practice, finding the right talent is a true art, and one that Cuban has mastered. It's a process of finding the right person, putting them in the right environment, and then continuing to build their personal growth and passion about the job they're doing. And in Cuban's case, multiplying the process for a thousand-plus employees. That may sound hard, but Cuban says the one skill every founder and entrepreneur needs to master if they want to become a billionaire businessman, is knowing how to be a leader. If you don't know how to recruit and manage people, you're just not going to make it very far. It can take decades of trial and error to figure out how to deal with the thousands of different personalities out there, and knowing what to prioritize at any given time. But Cuban has figured it out, and he's sharing his secrets with us here. In this episode you'll learn: The art of finding and nurturing the talent in your team How to deal with problem employees, without just firing them Whether mentors really matter—when you need them, and when you don't How Mark Cuban manages a thousand-plus employees The surprising reason you shouldn't be looking for invesment & so much more!