Self-made billionaire and “Shark Tank” brilliant Mark Cuban has been active back he was a kid. One aboriginal business scheme, accession and re-selling admired stamps, alike becoming him abundant to advice pay for college.
“I was about 16 back I started a brand company,” Cuban told American Business Owner in 2010. “I started activity to brand shows and barter shows and aloof alive a little bit harder than added bodies at these shows. I would barter up from one brand to the next. I went to a appearance starting with alone a division and started with affairs a distinct stamp.”
Success helped him accretion confidence: “I larboard that appearance with $50 thinking, ‘Hey, if I could do this, I could do anything.'”
And, as he told the United States Postal Service, “collecting stamps is an amazing way to alpha to accept business. Each brand has its own akin of scarcity, of demand, of price, and as a beneficiary you accept to accomplish decisions on back to accumulate a stamp, barter or advertise it, and back to advance in a new brand for your collection.”
The experience, overall, was a abundant apprenticeship for him, he said: “I bought, awash and traded so abounding that the acquaintance accomplished me as abundant about business as any chic I accept anytime taken.”
Cuban started attractive for means to acquire money back he was 12 years old and his dad beneath to buy him a brace of sneakers. “My dad said, ‘Those shoes on your anxiety attending like they’re alive appealing well. If you appetite a new brace of sneakers, you charge a job and you can go buy them,'” he recalled during a 2014 adventure of Bloomberg’s “Masters in Business” podcast.
So he started affairs debris accoutrements about his adjacency in Pittsburgh: “I would actually go aperture to aperture to door: ‘Hi, does your ancestors use debris bags?’ And who could say no? So that’s area I abstruse to sell.”
He’s not the alone billionaire who hatched business schemes as a kid.
Warren Buffett becoming $5,000, the agnate of about $53,000 today, afore he angry 20, acknowledgment to assorted business ventures. One of his best advantageous account complex ambience up pinball machines in beautician shops all over Washington, D.C., area his ancestors lived at the time. A year later, Buffett awash the business, which he’d started with aloof $25, for over $1,000.
There’s amount in acquirements how to hustle from a adolescent age, says Cuban. To succeed, “you’ve got to grind. It takes work. There are no shortcuts,” he told Smart Hustle Magazine at SXSW in 2016. “There’s gonna be things that agitated you. There’s gonna be abortion and if you’re not able to hustle, if you’re not able to grind, you’re not gonna be able to action through those things.”
Don’t miss: Warren Buffett bought a pinball apparatus for $25 in 1946 and started ‘the best business I was anytime in’
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