21/08/2021
August 21 is internationally recognized as world entrepreneurs day. this day serves as a tribute to all the hardworking entrepreneurs and businesses owners around the world. But what makes someone an entrepreneur?
The reality of being a self-made entrepreneur is much different than what social media may lead you to believe, it isn’t all glamor and private jets, it’s also the countless sacrifices and the endless hours spent perfecting their craft. On this day we would like to pay tribute to Mark Cuban.
Mark Cuban. You might've caught him while watching 'Shark Tank'. He is currently one of America's wealthiest and most outspoken businessmen, with an estimated net worth of $4.4 Billion.
He acquired the entrepreneurial-itch at the tender age of 12 when he began selling trash bags to the neighbors in order to save money for shoes. From then onwards he took a bunch of leaps and tumbles in his career, but what worked out for him the most is when he put his mind into his own business and not someone else's.
Evidently, after getting fired from his previous job as a computer software salesman - unemployment pushed him to establish a new business. This time, it was MicroSolutions, a software firm that was fiercely competing with his old job. After amassing an outstanding customer list, Cuban opted to sell the company in 1990 for $6 million and retire early, at the age of just 32.
After which his love for entrepreneurship steered him right back into the game in just a few years. He invested here and there but his Billionaire-break came almost a decade later when he sold Broadcast.com, which is an online streaming platform, to Yahoo for $5.7 Billion.
What we understand from his endeavors is that an entrepreneur will always strive to take big risks and figure out a way to stay ahead of the competition even before dipping their toes into the industry. This requires a constant thirst for knowledge to understand the business, and more importantly - the market.
