Month: March 2014

Mark Cuban’s 12 Rules for Startups

Matt Crowe’s Blog

Given all the experience that Mark Cuban, the modern king of entrepreneurship, has in starting businesses and making them thrive, the billionaire possesses wisdom that few have. Thankfully, Cuban shared a dozen tips on how to succeed in the startup world:

 

  1. You Have To Love It: don’t start a company unless it’s an obsession and something that you love

  1. Don’t Have An Exit Strategy: you have an exit strategy prepared from day one, it’s not an obsession

  1. Hire People Who Share Your Love: love is a strong attribute to have in any business and thus you should look to hire people who you think will love working there

  1. Sales Are Number 1: understanding how your company will make money and how you will actually make sales should be your first priority

  1. Focus On Your Strengths: understand the strengths of your company and focus in on them above everything

  1. Proper Time Management: “there are 24 hours in a day, and if people like their jobs they will find ways to use as much of it as possible to do their jobs”

  1. Breakdown Traditional Office Culture: featuring an open office in your company will keep everyone in tune with strong energy

  1. Use Tech You’re Familiar With: as a startup, you will most likely have only a few employees and thus, you should use programs and software you are most familiar with

  1. Try To Dismantle Micromanagement: if you have managers reporting to managers in a startup, you’re doing something wrong; keep the organization flat.

  1. Shy Away From Swag: “ A sure sign of failure for a startup is when someone sends me logo-embroidered polo shirts”

  1. Never Hire A PR Firm: build connections within the communication field on your own; as Cuban says, you don’t need some “PR Flack”.

  1. Make Work Fun: if the work if fun, your employees will work harder and love what they do.

 

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from Matt Crowe http://ift.tt/1jshJwv

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