I recently read Mark Cuban’s new ebook “How to Win at the Sport of Business” and want to share one of his unique perspectives. Being the owner of the NBA Dallas Mavericks, Cuban uses numerous sports analogies. One in particular really struck home and can serve as motivation to any entrepreneur.
Cuban says that in baseball if you could get a hit 4 out of 10 at bats, then you would be a first ballot Hall of Famer. In basketball if a player is able to hit over 50% of his shots from the field, then he most likely would be voted an all-star. These percentages don’t seem unattainable but they are almost never reached year after year. In business, you face much better odds.
No matter how many businesses you start, you only have to make one successful. Every entrepreneur chases that one successful endeavor that will make them wealthy beyond their wildest dreams. Instead of having to “bat” .400 or “shoot” over 50%, as a business owner you could be .00001% successful and be considered a genius. These odds are reassuring to any entrepreneur.
With this in mind, we must remember that it is much easier to take a basketball shot or swing a baseball bat then it is to put your financial security at risk and start a business. To combat this, preparation is key in the world of business. To make every endeavor count and give it the best chance for success, put in the necessary time, effort, and work.
Overall, I enjoyed Cuban’s ebook. It was very short, an easy read, and also cheap. He provides insight into his thoughts and advice while including some humorous stories along the way. A great business mind shows once again why anyone can accomplish the level of success that he has. You just have to minimize risk through preparation and believe in your abilities. You can find the ebook here:
How many attempts would you go through in order to accomplish success? Have you ever been discouraged, persevered through it and then realized success shortly after? Share your stories and insight below!