The NBA is never just a business. It's always business. It's always personal. All good businesses are personal. The best businesses are very personal.
Interpretation
This quote emphasizes that successful businesses intertwine personal relationships with professional dealings.
Mark Cuban's quote highlights the importance of personal connections in business. While business transactions may be viewed as solely financial, they are deeply influenced by the relationships and personal stakes involved. The quote suggests that true success in business comes from treating it as a personal affair, where passion and commitment play pivotal roles.
In practice
In a business seminar discussing the importance of personal branding.
If the pitch starts with a sob story, I'm out. If the pitch talks about personal issues, I'm out. If the pitch starts off with how big the market opportunity is, I'm out. If the pitch tells me what is unique about the product, how it can make a profit, and it's an area where I have expertise, I will read on.
Leaders don't look backwards to condemn what has already been done; they look forward to create a better future.
It doesn't matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.
I think youβve got to be very, very careful when you start making blanket statements about what people say and think, as opposed to what they do. Itβs a very, very slippery slope.
Creating a close connection to those you do business with has its many risks, rewards and consequences._x000D_ _x000D_ There are few things in business I have encountered that are more difficult than firing someone, particularly if that someone has always been, or has become a friend._x000D_ _x000D_ On the flip side, I have been rewarded with many friends.
I'm always afraid of failing. It's great motivation to work harder.
No enterprise can exist for itself alone. It ministers to some great need, it performs some great service, not for itself, but for others; or failing therein, it ceases to be profitable and ceases to exist.
Competition should not be for a share of the market-but to expand the market.
In the final analysis, finding a way to do clean business and not to pay bribes actually improves your bottom line.
Businesses fail when they over-invest in what is at the expense of what could be.
I am still looking for the modern equivalent of those Quakers who ran successful businesses and made money because they offered honest products and treated their people decently . . . This business creed, sadly, seems long forgotten.
I think any company should compete on the quality of their products, their prices, the novelty they can produce, their services, because that would be fair competition.
Subscribe for the occasional hand-picked quote. No noise.