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Mark Cuban on Entrepreneurship and Success

not big on excuses, mark cuban

Mark Cuban is a successful American entrepreneur and investor. He is a household name due to his appearances on the TV reality show “Shark Tank”. His business career reaches back in to the early 1980’s and his first notable success came in 1990 when he sold MicroSolutions for $6 million. He earned approximately $2 million on the deal.

His career has skyrocketed since then and he has become one of the most noteworthy modern entrepreneurs.

Here is a compilation by Evan Carmichael, Cuban’s 10 Rules:

  1. Now is the time. There is never a perfect time to start (a business), but today with the internet, you can start a business now part-time without leaving your current employment.
  2. Be passionate. Cuban has always been passionate about businesses he’s been involved with. When you are passionate you enjoy what you do and you don’t watch the clock.
  3. Don’t make excuses. “I’m not big on excuses. Everyone has the ability to do it, they just have to go for it.”
  4. Learn from history. Most likely your business idea isn’t unique. Understand why the businesses before you failed and try to figure out if you have a competitive advantage.
  5. Enjoy competing. “The ultimate sport is business, because you have to compete with everybody.”
  6. Know your business. “Small business don’t fail for lack of capital. They fail for lack of brains. They fail for a lack of effort.”
  7. Be brutally honest with yourself. Mark cautions that most business startups lie to themselves about how great they are when in reality they are in a hyper-competitive marketplace. His antidote is hard work and knowing your business better than anyone else.
  8. Know your strengths and weaknesses. Leverage your strengths and work with people who compliment your weaknesses.
  9. Be unique. “There needs to be a defining feature of your company and you need to be the best at it.”
  10. Be yourself. Understand what motivates you and follow your passion.

What lessons can you learn from Mark? Is there something new here you can apply to your life in sports, business or in your personal life?

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Stop Wasting Time: Why schedules are important.

jordan peterson schedule, routine

Here is some motivation today provided by Jordan Peterson who is a Canadian clinical psychologist and a professor of psychology at the University of Toronto. He begins by reminding us of how much time the average person wastes in a day. Before you read on, ask yourself this question: How much time do I waste each day? Make a mental note of the number.

Peterson says, “I often ask undergraduates how many hours a day you waste, or how many hours a week you waste? The classic answer is 4-6 hours a day. … That’s 25 hours a week, 100 hours a month (2 1/2 full work weeks). It’s half a year of work weeks per year.”


I often ask undergraduates how many hours a day you waste, or how many hours a week you waste? The classic answer is 4-6 hours a day. … That’s 25 hours a week, 100 hours a month (2 1/2 full work weeks). It’s half a year of work weeks per year.

Jordan peterson

That number seems outrageous, but probably rings true. You can calculate the number anyway you want, but Peterson suggests if you put it to a number of $20 per hour, it is around $50,000 per year wasted. A financial number any of us would find enormous.

So what is his suggestion to remedy the problem? Peterson recommends making a schedule, but he cautions many people get it wrong.

Jordan says many people view a schedule as too restrictive, “Make a schedule and stick to it. It’s not a prison. I have to do this, then I have to do this. WRONG!”

He says instead you should view a schedule as a tool you use to create the most beneficial day for yourself. He says, “Set the schedule up so that you have the day that you want. That’s the trick.” He continues, “If I could set it (the schedule) up so it’s the the best day possible that I could have, practically speaking, What would it look like? Then you schedule it. “

He goes on to talk about how you need to think about what you actually want in life, and schedule things responsibly, and try to stick to it. If you only hit 50% of what you scheduled, then you were a lot better off than if you just wasted all of the time. As you get better at scheduling and as you become more productive, then you will become better at it.

One thing he said that I took particular note of, especially because Peterson is a clinical psychologist is, “You cannot be mentally healthy without a routine.”

Do you currently have a schedule? Will you start one, or improve on your system in 2019?

Watch the full motivation video below.

Jordan Peterson: Motivation of being more productive.
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Are You Busy or Productive?

wake up early

Joey from his Better Ideas vlog talks about being busy vs. being productive. How many people do you know who are always busy, but never seem to get anything done?

Do you feel like you are constantly busy jumping from one distraction to another? Are you constantly interrupted and beginning more projects than you are finishing?

Joey has two tips to get you back on track:

  1. Start waking up early in the morning. Use that morning as productivity time when you aren’t distracted.
  2. Shorten your to-do list. From your entire list, pick the most important things on your list and do those.

You can see his entire vlog below.

Are you busy yet wish you were more productive? Then his tips may work well for you.

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Unleash Your Brain

become limitless, unleash your brain

Would you like to unleash your brain and increase your capacity? Joey gives his 5 best tips on how to increase your brain power on his Better Ideas vlog.

Here are Joey’s 5 habits you can start implementing today that will help you become limitless.

  1. Learn Broadly and Thoroughly
    • Read books and learn about a wide variety of topics such as auto mechanics, ancient civilizations, mathematics. Learn a new language, or how to cook like a professional for instance. But he cautions to not only read about a topic, but to become an expert by focus reading at least three books on each subject.
  2. Talk About These New Ideas
    • Joey cautions that reading alone is not enough. You need to manifest these academic ideas into your reality and the best way to do that is to talk to somebody about them. He uses learning a new language as an example. He struggled with conversational Spanish when he was just reading books, but once he was forced to start speaking the language, he was able to master the new skill. He says in order to really master a new skill you have to focus not only on the input of information (reading) but also the output of the information to make it useful.
  3. Meditate
    • It’s amazing how many self-help gurus say you should meditate, and Joey is no exception. He practices only 5 minutes of meditation a day to help him focus on critical, deep-thinking tasks. He is a chronic multi-tasker and uses meditation to settle his mind to focus and dive into difficult tasks.
  4. Limit Social Media
    • This probably sounds obvious, but Joey brings his own perspective on why. He says that increasing your brain power is largely based on your ability to focus on a single task. He says browsing social media trains your mind to be unfocused which is counterproductive to his goal of focusing.
  5. Health and Nutrition
    • Your brain is simply a large organ in your body, and the better your body functions, the better your brain will work.

These are great tips to unleashing your brain power. Do you already do some of these, or are some of these new ideas that you will put into your daily routine?

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New Year’s Resolutions: Goals or Systems?

Adam Alter system better than goal

Big Think features Adam Alter, author of Irresistible contrasts Goals with Systems.

He argues that systems are better than goals. He says that goals are merely goal posts that you measure progress by and by focusing on the goal, you live in a state of failure until you reach the goal milestone.

He says that it’s systems that are actually the work that gets you to your goal and that focusing on systems is a better psychological approach than focusing on goals.

Take for instance the goal of writing a book. If you only focus on the goal, then every day that your book isn’t done can be a bummer.

He says focusing on a system of writing for an hour every day is a better strategy because it is actually the thing that will produce a written book. Every day your finish your system of writing for one hour, you can have some satisfaction that you have made progress.

You may have a goal of becoming a world champion swimmer for instance. This, of course will take years to achieve. Do you want to face the hard challenges of training every day reminding yourself that you are not currently a world champion? What if you determined the systems necessary for you to become a world champion? You could focus then on the daily achievement of these systems. Of course you would still occasionally evaluate your progress towards your primary goal. By sticking to your systems, you would have daily wins and be in a more positive psychological state.

What are your goals this year, and what kinds of systems will you put in place to achieve them?

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We All Start as Beginners

beginners, if it was easy

Videographers turned vloggers Becki and Chris give some great advice to anyone starting out. They say to adjust your expectations and to be okay with being a beginner. Chris says something worth noting, “If it was easy and it didn’t require the work, then everyone would be doing it and there would be nothing special about it.”

People who are remarkable, have built a skill–that likely took years of dedication and commitment. We honor those people because we recognize how hard they had to work to achieve such high levels of skill.

Chris gives advice to beginners, “If you always strive to progress, that’s a healthy way to look at anything.” That’s great to know that everything worth doing takes time and we all start as beginners.

What are you trying to achieve? What will you do today?

If it was easy and it didn’t require the work, then everyone would be doing it and there would be nothing special about it.

chris from youtube vlogers becki and chris
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Motivation: The Wisdom of Denzel Washington

denzel consistency

Denzel Washington, was in his words, “a twenty-year-overnight-success.” In this video he emphasizes how the combination of hard work, dedication and consistency is the formula for success. There is no substitute for hard work.

What are your goals, and what are you going to accomplish. Go get it!

Without commitment, you’ll never start. But more importantly, without consistency you’ll never finish.

Denzel Washington
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Ben Lionel Scott: Consistency, Beast Mode, Motivation

ben lionel scott, beast mode

Here is a short video by Ben Lionel Scott to give you a little motivation boost today. Go get it! Beast Mode!

… and your problem is you’re on beast mode Monday, Wednesday and Friday. 10 AM to 12 beast mode. 1 to 5. You keep starting and stopping, starting and stopping. I challenge you. I challenge you to make up the gap. I challenge you to go from average. I challenge you to go from good. I challenge you to go from great. And I challenge you to go to be phenomenal. I challenge you to live in beast mode, because beast mode makes more money than average does, period.

Ben Lionel scott
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Ryan Serhant: Why First Impressions Are Everything

ryan serhant, first impression

You’ve heard it a thousand times before, “You never have a second chance to make a first impression.”

Ryan Serhant, American real estate agent and television star, gives his take on why first impressions are so important. It’s never too late to work on how you present yourself to the world. Can you improve in this area?