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.
If all you needed to do is to figure out what company is better than others, everyone would make a lot of money. But that is not the case. They keep raising the prices to the point when the odds change.
One thing more dangerous than getting between a grizzly sow and her cub is getting between a businessman and a dollar bill.
When a company identifies how to integrate the processes needed to give the consumer a sense of job completion, it can blow away the competition. A product is easy to copy, but experiences are very hard to replicate.
If one engineer at a startup tries Slack and says, 'I hate it. I am not going to use this,' that's it for us. We won't get evaluated.
Growth makes management easier. In particular, it makes making labor concessions seem easy. It's when growth stops because you're being disrupted that managing becomes really, really hard, and as a result, most disrupted companies simply disappear.
Rules that may be easy for Wall Street are a death sentence for startups. They are easy to break accidentally and the penalty for noncompliance is severe.
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