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Outspoken billionaire Mark Cuban may seem like he’s always been an entrepreneur, but like most Americans, he actually started in corporate life. But it didn’t last long.
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Cuban was able to quickly discern that his true nature was not well suited to big American business and that he would have to go it alone to succeed. So what were the indicators that alerted Cuban, and do they apply to you as well? Read on to learn more.
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First corporate experience for Cubans
As Cuban told Trevor Noah on the “What’s Now” podcast, he signed with Mellon Bank immediately after graduating from Indiana University in 1981. Although it seemed like a dream job at first, Cuban felt he was the perfect fit. He even felt it was enough to send articles to his CEO at the bank and form a “newbie club” to meet with his senior executives for drinks and networking.
Everything seemed to be going well as Cuban thought he was making a name for himself and also contributing to the development of the company. However, those days did not last long. He told Noah that at one point, his boss yelled at him incessantly and told him to drop all his crazy ideas and essentially go along.
This was one of the first indicators that if Cuban wanted to help shape the company, he might have to do it himself.
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Second civilian job for Cubans
Cuban’s second “wake-up call” came at a job at a PC software retailer called Your Business Software. After working there for nine months, the future billionaire was fired in Cuban-style fashion – for trying to make a deal.
Cuban told the story on a 2017 podcast that when he closed a $15,000 deal with a customer, he left the store unattended without informing his boss. Once again, his entrepreneurial spirit pushed him beyond the rules applicable to employees, and he paid the price, at least in terms of keeping his job. In fact, the lessons he learned there solidified his own belief that things should be done his way.
What are the personality traits of entrepreneurs?
In the Cuban experience, an entrepreneur is someone who has his own ideas about how things should be done and is not shy about expressing them. While this can cause problems in a corporate environment, it is essential for survival as an entrepreneur.
As Cuban himself told WIRED in late 2023, “I was a bad employee because I was a know-it-all…I’m an entrepreneur at heart, and I always thought I had a better idea. Ta” [for how to do things]”
According to the York School of Continuing Studies, here are 10 key signs that you might be an entrepreneur at heart.
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I feel stuck
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I want diversity
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you want to be your own boss
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you are always looking for new ideas
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you like hard work
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you are a problem solver
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I believe in upskilling and reskilling.
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People look to you for guidance and inspiration
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you are organized and good at communicating
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you are passionate
As you can see by reading the list, Cuban himself has many, if not all, of these traits.
Are you an entrepreneur at heart?
Many people dream of becoming an entrepreneur, but that doesn’t apply to everyone. If you don’t have at least some of the personality traits listed above, you may find becoming an entrepreneur much more difficult than you imagine.
But if you think that deciding your own path and being responsible for all your decisions suits your personality better than just showing up to work every day and doing what you’re told, then at the end of the day, you’re Maybe you have an entrepreneurial spirit.
Of course, as Cuban said, simply wanting to do things your way is not enough to guarantee success as an entrepreneur. You need not only to be passionate about your idea, but also have the mental strength to successfully execute it. You also need to have the financial wherewithal to budget and fund your dream, making sure it’s a good idea from the beginning.
But if you have the qualities of an entrepreneur, it can be a very satisfying life. Even if you don’t end up running your own company, Cuban believes that everyone can benefit from his entrepreneurial skills and recommends learning them as soon as possible.
As he told CNBC Make It in 2018, “These are valuable skills for everyone, and they’re hard to acquire in school.” His final advice on the subject was: “Learn about things that are interesting to you. The quest for knowledge opens opportunities to do things you never thought possible.”
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This article originally appeared on GOBankingRates.com: How Mark Cuban’s first job led him to entrepreneurship — does this apply to you?
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