@@bngr_bngr he’s telling the truth which helps entrepreneurs. He’s not afraid of small business, he competes in a space that is too large of volume to worry about the masses. We aren’t competing with billion dollar deals, he’s not worried about the small fish in the big ocean lol. There is no true gatekeeper but oneslef
Survivorship bias stated perfectly. We only see the success because it appears in front of us. What we don't see are the failures which take up the majority of people.
And a lot of them don't even have a good idea. They attempt to start their own business only because they were told they should be their own boss. They don't even have an idea of what their business is going to be about.
6 month to live off of is what I did. My wife and I saved for a couple years to start our business with no debt. It's way too easy to get into debt, when you have little income in the beginning. It was a couple months of being fully self employed before I saw the first check come through, it was was only $200, but what a relief that my dreams started to materialize.
More than six months living expenses. You need operating expenses too. My business took over a year to make it to breakeven, but by then I was in a horrible financial situation. He's spot on here.
This is solid advice. Especially, with college entrepreneurship. Rizzing college students up to get them to walk out into traffic so they can steal their wallets. Can't understate the importance of IT, cybersecurity and information assurance. That is in addition to solid business plan, financials, etc.
Basically don't fall for survivor bias. You only see the successful people that went this route, but you don't see the massive group that failed doing this as few people are willing to put there failed experience online.
Mark - I’m currently parked at Taco Bell drive through about to order. What’s your advice on the best burrito combo under 8$? I’ll wait for a response. Thank you for your wisdom.
I'm Glad Mark Retired Kobs Jersey Number And I Love How He Broke It Down About Working Hard To Save Money Yes That's Very Important, Don't Leave A Good Job Which Will Set You Up For Failer.
I have been developing my new business painstaking for 4 years as it is a highly regulated business. But when I have all the permits to sell, it will be exponential growth for many years and protected by patents.
The fact that so many people think this is good advice, is just Sad. I mean I assume most people who watch this video are over the age of 16. It is like OK you need to eat to stay alive...
That sounds Trump! He failed miserably working at McDonald’s 🤣Poor orange clown! Now he is gonna fail miserably being the President. We just have to pray for this 4 years go by fast!😅
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True, we often hear about success, not always all the failures.
My dad used to be a lawyer he started a business and failed though
No one cares about failures!
Yeah people thing it’s easy to just do it 😂 I mean it’s easier than ever, but you gotta know marketing and tech or your not in the game
Mark doesn’t want competition. He is a major gatekeeper.
@@bngr_bngr he’s telling the truth which helps entrepreneurs. He’s not afraid of small business, he competes in a space that is too large of volume to worry about the masses.
We aren’t competing with billion dollar deals, he’s not worried about the small fish in the big ocean lol.
There is no true gatekeeper but oneslef
Totally love Mark's great advice, he always keeps it real & authentic. 😀
Exactly what he didn’t do.
😂☠️☠️
Bidenomics is so great, he wants 4 more years 🙄
Survivorship bias stated perfectly. We only see the success because it appears in front of us. What we don't see are the failures which take up the majority of people.
We need more ppl like him tbh
Realistic advise
The main problem with most new business is that having a great idea is not enough. It takes a lot of dedication and sacrifice to be sucessful.
You forgot the biggest factor: Luck
Exactly @@universalmonster4972
@@universalmonster4972 you play a role in creating a lot of your own luck in life
@@universalmonster4972yea but you can create ur own luck by working much harder then everyone else, and learning new things and implementing it.
And a lot of them don't even have a good idea. They attempt to start their own business only because they were told they should be their own boss. They don't even have an idea of what their business is going to be about.
6 month to live off of is what I did. My wife and I saved for a couple years to start our business with no debt. It's way too easy to get into debt, when you have little income in the beginning. It was a couple months of being fully self employed before I saw the first check come through, it was was only $200, but what a relief that my dreams started to materialize.
Thank you so much for the Super Real talk!
Yep, be wise, be prepared, and knowledgeable
Mark cuban, the only billionaire who's honest and people like
He and Mr Beast
@jmca_power dawg, Mr beast is not a billionaire
@@maddizzle1744
I should have probably fact-checked before typing that...thanks for the correction
Uhm… Mr Beast is not a billionaire ?
Okayyyy
the most practical advice you can get
This is so true entrepreneurship is a fun but very challenging venture!
Good advice!
More than six months living expenses. You need operating expenses too. My business took over a year to make it to breakeven, but by then I was in a horrible financial situation. He's spot on here.
I'm starting a business AND keeping my day job!
Hes right
Fantastic advice ❤
I quit my job and started my business with no money and no experience. I don't recommend it, but it is possible.
What about continuing working the full time job, and starting the business?
U hear more stories about sucess despite failures being the higher percentage
The real deal thank you so much mark
This is solid advice. Especially, with college entrepreneurship. Rizzing college students up to get them to walk out into traffic so they can steal their wallets. Can't understate the importance of IT, cybersecurity and information assurance. That is in addition to solid business plan, financials, etc.
That is a GOOD advice
It's some solid advice Mark thanks buddy go blue 💙
Solid advice
Always love Mark.
It’s good to be reminded that survivor bias is a thing
Great advice
Good advice.
So true!
Living this advice 🎉❤😂
Yep good advice don’t just risk it all with no backup or cushion
Love him. Wish he would run for President! ☀️
Best advise!!
Great cuban
Right on Mark. Thank you for helping others.
Smart man.
Thats what im planning on doing
Right!
Franken$tein is right
Good, sensible advice. Overnight wealth almost never happens.
Be ready for it! 💞
Eye contact 😂
He always looks like his face is about to melt down to the floor
I can’t quit my job even though I dream about it but in the right time hopefully
That depends on what kind of responsibilities you have, if you're young with no family, it can't hurt and it's just free experience
Hes just another internet dork with money
Basically don't fall for survivor bias. You only see the successful people that went this route, but you don't see the massive group that failed doing this as few people are willing to put there failed experience online.
Over 90% of business fail .
Yes, Definitely, and will follow🗿🗿🗿
Does he have a slight walleye? Seems eye on left isn’t looking at camera
Survivorship bias is huge
Mark - I’m currently parked at Taco Bell drive through about to order. What’s your advice on the best burrito combo under 8$? I’ll wait for a response. Thank you for your wisdom.
Mark for President? At least there is no question that he is a real Businessman
💪🏾💪🏾💪🏾💪🏾💪🏾
In this economy having enough savings for 6 months is pretty much not possible for most people
The only billionaire i respect
Why are his eyes built upside down
How you become a billionaire: save on realistic hair
Goat. People thing is easy
Where is he looking?
And then “maybe”
Mark Cuban for President of the United States
I’m not quitting until my assets are making more then me!
100% 🎉
My advice don’t look up and look straight 😂
I'm Glad Mark Retired Kobs Jersey Number And I Love How He Broke It Down About Working Hard To Save Money Yes That's Very Important, Don't Leave A Good Job Which Will Set You Up For Failer.
Survivorship Bias
Real
I guess im starting selling cocaine
Tampon Timmy says hi
I heard of people make it even when they broke living in their car
Best advice to cuban. Spread the wealth out before people rise up and take it all away.
Save my money? Wow what a brilliant take. Never would have thought of that.
75% fail. Most people do not have the hustle and people skills to be an entrepreneur. Including myself.
Those half-blinks are getting on my nerves
Survivorship bias is a thing
Mark. You're a total toolbox.
👍
Boycott Sharktank
I'm in debt. Please help
No.
Save you money first 👁️👄👁️
The majority of new small business owners failed in the first five years. Just the facts.
I have been developing my new business painstaking for 4 years as it is a highly regulated business. But when I have all the permits to sell, it will be exponential growth for many years and protected by patents.
That’s not what he did 🤣
Question: Can mark see into his head? 🙄
Invest in hair dye companies! There’s always rich idiots who will buy it 😂
in a nutshell... dont be stupid!!!
Are his eyes evil,?
I like jobs 😂😂
Mark lost respect for you.
The fact that so many people think this is good advice, is just Sad. I mean I assume most people who watch this video are over the age of 16. It is like OK you need to eat to stay alive...
What’s he looking at?
a tablet or laptop
Nope.
He has weird eyes
Fashow
Guy is so jealous of Trump and Elon!
That sounds Trump! He failed miserably working at McDonald’s 🤣Poor orange clown! Now he is gonna fail miserably being the President. We just have to pray for this 4 years go by fast!😅
Not interested in Cubans advice.
Oh shut up