The Foundr Podcast with Nathan Chan

169: Billionaire Business Lessons with Shark Tank’s Mark Cuban


Listen Later

Mark Cuban is a very busy man. As one of the star judges of the hit show Shark Tank, Cuban has invested in nearly a hundred different startups that have appeared on the program. That's not even mentioning the investments he makes outside of the show, and the dozens of other businesses he's founded or manages himself.

So how does a single person manage to keep so many plates spinning at the same time?

His secret: Hiring the right people.

Cuban is always making sure he has the best people staffing the hundred-plus businesses he's involved in. And while hiring seems like a pretty basic business practice, finding the right talent is a true art, and one that Cuban has mastered.

It's a process of finding the right person, putting them in the right environment, and then continuing to build their personal growth and passion about the job they're doing. And in Cuban's case, multiplying the process for a thousand-plus employees.

That may sound hard, but Cuban says the one skill every founder and entrepreneur needs to master if they want to become a billionaire businessman, is knowing how to be a leader. If you don't know how to recruit and manage people, you're just not going to make it very far.

It can take decades of trial and error to figure out how to deal with the thousands of different personalities out there, and knowing what to prioritize at any given time. But Cuban has figured it out, and he's sharing his secrets with us here.

In this episode you'll learn:

  • The art of finding and nurturing the talent in your team
  • How to deal with problem employees, without just firing them
  • Whether mentors really matter—when you need them, and when you don't
  • How Mark Cuban manages a thousand-plus employees
  • The surprising reason you shouldn't be looking for invesment
  • & so much more!
  • ...more
    View all episodesView all episodes
    Download on the App Store

    The Foundr Podcast with Nathan ChanBy Foundr Media

    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    562 ratings


    More shows like The Foundr Podcast with Nathan Chan

    View all
    The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

    The Smart Passive Income Online Business and Blogging Podcast

    3,440 Listeners

    The GaryVee Audio Experience by Gary Vaynerchuk

    The GaryVee Audio Experience

    16,831 Listeners

    Capitalism.com with Ryan Daniel Moran by Capitalism.com

    Capitalism.com with Ryan Daniel Moran

    727 Listeners

    Shopify Masters by Shopify

    Shopify Masters

    379 Listeners

    Entrepreneurs on Fire by John Lee Dumas of EOFire

    Entrepreneurs on Fire

    3,827 Listeners

    Marketing School - Digital Marketing and Online Marketing Tips by Eric Siu and Neil Patel

    Marketing School - Digital Marketing and Online Marketing Tips

    1,264 Listeners

    The Martell Method w/ Dan Martell by Dan Martell

    The Martell Method w/ Dan Martell

    573 Listeners

    The Game with Alex Hormozi by Alex Hormozi

    The Game with Alex Hormozi

    4,457 Listeners

    The Diary Of A CEO with Steven Bartlett by DOAC

    The Diary Of A CEO with Steven Bartlett

    8,484 Listeners

    My First Million by Hubspot Media

    My First Million

    2,653 Listeners

    The Startup Ideas Podcast by Greg Isenberg

    The Startup Ideas Podcast

    205 Listeners

    The UpFlip Podcast by UpFlip

    The UpFlip Podcast

    251 Listeners

    Build with Leila Hormozi by Leila Hormozi

    Build with Leila Hormozi

    926 Listeners

    Moneywise by Hampton

    Moneywise

    660 Listeners

    BigDeal by Codie Sanchez

    BigDeal

    921 Listeners