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.
A lot of entrepreneurs hate big companies. But if you hate them so much, why are you trying to build a new one? The truth is, as soon as a startup has any kind of success whatsoever, it will face big company problems.
The goal is not to do business with everybody who needs what you have. The goal is to do business with people who believe what you believe.
Pretty much, Apple and Dell are the only ones in this industry making money. They make it by being Wal-Mart. We make it by innovation.
I've said it for four decades - work 'on' your business, not just 'in' your business!
Customers don't always know what they want. The decline in coffee-drinking was due to the fact that most of the coffee people bought was stale and they weren't enjoying it. Once they tasted ours and experienced what we call "the third place" ... a gathering place between home and work where they were treated with respect.. they found we were filling a need they didn't know they had.
A business is not defined by its name, statutes, or articles of incorporation. It is defined by the business mission. Only a clear definition of the mission and purpose of the organization makes possible clear and realistic business objectives.
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