The NBA is never just a business. It's always business. It's always personal. All good businesses are personal. The best businesses are very personal.
Interpretation
This quote emphasizes that successful businesses intertwine personal relationships with professional dealings.
Mark Cuban's quote highlights the importance of personal connections in business. While business transactions may be viewed as solely financial, they are deeply influenced by the relationships and personal stakes involved. The quote suggests that true success in business comes from treating it as a personal affair, where passion and commitment play pivotal roles.
In practice
In a business seminar discussing the importance of personal branding.
If the pitch starts with a sob story, I'm out. If the pitch talks about personal issues, I'm out. If the pitch starts off with how big the market opportunity is, I'm out. If the pitch tells me what is unique about the product, how it can make a profit, and it's an area where I have expertise, I will read on.
Leaders don't look backwards to condemn what has already been done; they look forward to create a better future.
It doesn't matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.
I think youβve got to be very, very careful when you start making blanket statements about what people say and think, as opposed to what they do. Itβs a very, very slippery slope.
Creating a close connection to those you do business with has its many risks, rewards and consequences._x000D_ _x000D_ There are few things in business I have encountered that are more difficult than firing someone, particularly if that someone has always been, or has become a friend._x000D_ _x000D_ On the flip side, I have been rewarded with many friends.
I'm always afraid of failing. It's great motivation to work harder.
Companies pay too much attention to the cost of doing something. They should worry more about the cost of not doing it.
It is difficult, but not impossible, to conduct strictly honest business.
We used to think that the enterprise was the hardest customer to satisfy, but we were wrong. It turns out, consumers are harder than the enterprise because the consumer will not give you a second chance.
What is good for our customers is also in the long run good for us.
As a company, we have to be very transparent. We are in a business very related to finance, and I want this company to last long, and I want this company to be audited by everyone.
Most of what we know about sales comes from a world of information asymmetry, where for a very long time sellers had more information than buyers. That meant sellers could hoodwink buyers, especially if buyers did not have a lot of choices or a way to talk back.
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