Mark Cuban, the billionaire entrepreneur, shares his insights on business, entrepreneurship, and making money.

Here's a thread on some of his key advice: 🧵

1/8: Expertise over Potential

When building a team, Cuban prefers experts over potential.

He believes that everyone has potential, but an expert can turn potential into something real.

2/8: Elevator Pitch

For an effective elevator pitch, Cuban advises to keep it simple and straight to the point.

The goal is to convey your business proposal clearly and concisely.

3/8: Work-Life Balance

Cuban admits that achieving work-life balance was difficult when he was starting out.

He worked relentlessly, going seven years without a vacation.

4/8: Cryptocurrency

Cuban is skeptical about cryptocurrencies like Bitcoin.

He compares them to collectibles like baseball cards, which have no intrinsic value and are only worth what someone will pay for them.

5/8: Good Business Partner

A good business partner, according to Cuban, is someone who makes you money.

It's as simple as that.

6/8: Leadership

Cuban looks for leaders who can relate to people, define a vision, and help people achieve their personal goals.

He believes that aligning personal goals with the goals of the organization is key to great leadership.

7/8: Customer Trust

To gain and retain customer trust, Cuban advises treating customers the way you want to be treated.

Making their lives easier and saving their time are key to building trust.

8/8: Starting a Business

Cuban advises against starting a business from scratch with no money, no credit, and no expert friends to help.

He believes in the importance of having resources and support when starting a business.