Small Business Management and Entrepreneurship Slide

Topics: Mark Cuban, Dallas Mavericks, Dallas Pages: 2 (484 words) Published: April 21, 2013
What type of person becomes this type of risk taker?
I have always been more on the cautious side, preferring to stand back, observe, listen and analyze a situation.  I’ve always admired people who are not like me, people who are more daring, or willing to throw caution to the wind. An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.

What challenges did he or she face and overcome?
In 1982, Mark Cuban moved to Dallas, Texas Cuban first found work as a bartender, then as a salesperson for Your Business Software, one of the first PC software retailers in Dallas. He was terminated less than a year later, after meeting with a client to procure new business instead of opening the store

What failures did this person have?
Got a job working for a carpenter laying carpet and quickly learned he was absolutely horrible at it

How many companies have he or she started?
Started AudioNet in 1995, The Company, despite its early critics, proved to be a smash success. Renamed, the firm went public in 1998 and soon saw its stock reach $200 a share. A year later, Wagner and Cuban sold out to Yahoo! for nearly $6 billion

Purchasing an NBA Team

In 2000, Mark Cuban introduced himself to the NBA community when he purchased the Dallas Mavericks for $285 million from Ross Perot Jr.

How successful is he or she?
At the age of 32, Cuban was a millionaire who could afford to live in the big houses that he used to drive by as a down-on-his-luck bartender. More importantly, he was living the life of his dreams.

Why is this person successful?
Cuban has built his fortune by building successful companies and then selling them when the time is right. 

Why did he or she become an entrepreneur?
Daydreamed motivation, he didn't lie to himself and talk about his passions and how if I was passionate enough about something he could be successful at it. He was lucky. He grew up knowing that hard work...
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