The Builders NotesThe Fastest Way To Get Promoted (Career Cheat Codes) MFM
First things first, you want to consider your role as working with, not "for someone". When you work "with someone", you aim to grow together.
The Builders NotesThe Venture Mindset
How VCs make decisions
The Builders NotesStories are the best marketers (Part 2)
This is how you control how people feel about your product.
The Builders Notes offers a curated collection of Notes from High-level business, and entrepreneurship podcasts, and videos, conveniently delivered to your email, three times a month.
The Builders NotesThe Fastest Way To Get Promoted (Career Cheat Codes) MFM
First things first, you want to consider your role as working with, not "for someone". When you work "with someone", you aim to grow together.
The Builders NotesThe Venture Mindset
How VCs make decisions
The Builders NotesStories are the best marketers (Part 2)
This is how you control how people feel about your product.
The Builders Notes offers a curated collection of Notes from High-level business, and entrepreneurship podcasts, and videos, conveniently delivered to your email, three times a month.
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These notes were taken from the Lex Fridman Podcast with Mark Cuban, which aired on March 30, 2024.
The conversation was for 2+ hours, but these are the notes from the part that concerns entrepreneurship.
Confidence is Key: Believing in yourself and your vision is essential to persevere through challenges. However, this confidence needs to be grounded in a realistic understanding of the hard work involved.
Orientation: The only orientation that moves anything is action, which should be your major focus, taking and making action, Entrepreneurship involves taking calculated risks and Be prepared to face the consequences of your actions.
Be Grounded in Reality Entrepreneurs tend to lie to themselves a lot about the product, "Mine is bigger, faster, cheaper, better," but they forget there is always something better out there. 100 people out there are looking to kick your butt; that's a fact.
Cuban and a business partner, Indiana alum Todd Wagner, started AudioNet in 1995. Its formation was rooted in a desire to be able to listen to Indiana Hoosier basketball games online. The company, despite its early critics, proved to be a smashing success. Renamed Broadcast.com, 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.
Source: Biography.com
Lifelong Learner: Curiosity and a constant hunger for knowledge are crucial. Business is complex and ever-changing, so successful entrepreneurs need to be adaptable and always seeking new information.
Agility is Key: The ability to react quickly and adjust strategies in a dynamic market is essential.
Sales: Selling is the lifeblood of any business. Great entrepreneurs can not only articulate their vision but also inspire excitement in others, customers, investors, or employees.
Kindness Matters: While a ruthless persona is often associated with business success, there is great importance of being nice. It fosters better relationships, collaboration, and ultimately, success
How do you handle a situation when you are working with someone and they are not quite there yet, and you are struck with the question of whether they are going to step up and grow into the person worthy of the potential you see in them? What do you do there?
It's all risky but that is the hard part, and the first mistake was the hiring in the first place. Being able to see from the person's history if they have grown and tell if they will keep growing helps in avoiding these kinds of situations
Delusion vs. Vision: You have to believe in yourself and have a vision. Where most people get the believing part wrong is they think you have to be delusional about everything. You have to, and must be grounded in the reality of the work involved to make that thing work. You must never be delusional about that part, but you can be delusional about the future you want for the business, the dream you imagine it's going to be. That's the part you can be delusional about, but never be delusional about the work, your competitors, and even your current state.
Thank you for reading!
Since this is a closed community, I kindly ask one thing: could you please take a screenshot of your personal best part of today's notes, something that challenged your thoughts, and share it with me?
You can do this by emailing them, sending them via WhatsApp, or making a tweet about them and tagging me @D_rounz. Thank you!
These notes were taken from the Lex Fridman Podcast with Mark Cuban, which aired on March 30, 2024.
The conversation was for 2+ hours, but these are the notes from the part that concerns entrepreneurship.
Confidence is Key: Believing in yourself and your vision is essential to persevere through challenges. However, this confidence needs to be grounded in a realistic understanding of the hard work involved.
Orientation: The only orientation that moves anything is action, which should be your major focus, taking and making action, Entrepreneurship involves taking calculated risks and Be prepared to face the consequences of your actions.
Be Grounded in Reality Entrepreneurs tend to lie to themselves a lot about the product, "Mine is bigger, faster, cheaper, better," but they forget there is always something better out there. 100 people out there are looking to kick your butt; that's a fact.
Cuban and a business partner, Indiana alum Todd Wagner, started AudioNet in 1995. Its formation was rooted in a desire to be able to listen to Indiana Hoosier basketball games online. The company, despite its early critics, proved to be a smashing success. Renamed Broadcast.com, 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.
Source: Biography.com
Lifelong Learner: Curiosity and a constant hunger for knowledge are crucial. Business is complex and ever-changing, so successful entrepreneurs need to be adaptable and always seeking new information.
Agility is Key: The ability to react quickly and adjust strategies in a dynamic market is essential.
Sales: Selling is the lifeblood of any business. Great entrepreneurs can not only articulate their vision but also inspire excitement in others, customers, investors, or employees.
Kindness Matters: While a ruthless persona is often associated with business success, there is great importance of being nice. It fosters better relationships, collaboration, and ultimately, success
How do you handle a situation when you are working with someone and they are not quite there yet, and you are struck with the question of whether they are going to step up and grow into the person worthy of the potential you see in them? What do you do there?
It's all risky but that is the hard part, and the first mistake was the hiring in the first place. Being able to see from the person's history if they have grown and tell if they will keep growing helps in avoiding these kinds of situations
Delusion vs. Vision: You have to believe in yourself and have a vision. Where most people get the believing part wrong is they think you have to be delusional about everything. You have to, and must be grounded in the reality of the work involved to make that thing work. You must never be delusional about that part, but you can be delusional about the future you want for the business, the dream you imagine it's going to be. That's the part you can be delusional about, but never be delusional about the work, your competitors, and even your current state.
Thank you for reading!
Since this is a closed community, I kindly ask one thing: could you please take a screenshot of your personal best part of today's notes, something that challenged your thoughts, and share it with me?
You can do this by emailing them, sending them via WhatsApp, or making a tweet about them and tagging me @D_rounz. Thank you!
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