Mark Cuban: Only Morons Start a Business on a Loan

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June 14 (Bloomberg) -- Entrepreneur Mark Cuban discusses the U.S. Economy and starting a business with Trish Regan at the Clinton Global Initiative in Chicago on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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13 июн 2013

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Комментарии : 4 тыс.

@dreamingcode 7 лет назад

Real Estate investor here. Loans worked just fine for me.

@dang579 4 года назад

For every successful story with loans, I'm sure there's 300 failure stories that have never gotten talked about. As a general rule of thumb - Mark has a point. Banks don't care about your business and uncertainty - but paying back the loan is a certainty.

@nikyabodigital 4 года назад

needs trips shiyet

@HilmyA.S. 4 года назад

@@dang579 paying back loan is nothing, paying back INTEREST is what's going to kill you

@Centrioless 4 года назад

@@dang579 thats just statistic for every single business, regardless they take a loan or not 🤦‍♂️

@dansmith2863 4 года назад

Loans are great I want to borrow as much money as possible.

@FailingStreetBridge 3 года назад

“Don’t get a loan!” Says man who offers no other advice on how to raise capital.

@kentheengineer592 Год назад

💀 well idk whut he meant but im working on that

@DeviaNZe Год назад

When you start a business is very bad decision start with a loan. Only when you have established a business and converted it into a corporation and is public, you can get finance or investments, but not in the beginning.

@carlosRodriguez-vz3ho Год назад

@@DeviaNZe So how do you funded it then? a job?

@MisterUrbanWorld Год назад

@@carlosRodriguez-vz3ho No money is needed. I've started a few businesses with $0.00 income, and others with around $100. I'm going to create a new business for around $200 that will bring me at least 50-80k by Christmas and starting next year i expect it to be at 6 figures a year.

@DJTheBoss 8 месяцев назад

Ever heard of selling? Raising capital is not business selling is business.

@weaponofmassconstruction1940 6 лет назад

A lot of successful business owners who started off with a loan really don't care about this guy's opinion.

@jankostadinovrucks1597 5 лет назад

Define successful tho, I saw a lady saying she was rich and a life coach making 160K a year...😂

@KingStreetBrody 5 лет назад

Jan Kostadinov Rucks rich is relative

@painexotic3757 5 лет назад

And most business owners who failed wished they did.

@dominicpadernal763 4 года назад

how would you classify being rich ? this guy worth millions of dollars. Not small time businessman

@hotrodray6802 4 года назад

Most businesses fail. Your loan goes on.

@BigMackk27 5 лет назад

My parent’s started a restaurant business on a loan 10 years ago and it’s striving. It’s really an “all up to you” type of lifestyle. There’s no one size fits all linear path

@PremiumFuelOnly 8 лет назад

Either take out the loan or keep saying hi to a boss everyday.

@carryeveryday910 8 лет назад

That's why you aren't a billionaire.

@skatesports7397 8 лет назад

You're an idiot my friend. Please do more research before you make any big decisions

@Galexander84 8 лет назад

cuban took out at loan to start his bar while in college

@ronaldwilliams4053 5 лет назад

Premium fuel only For lmao

@invaderz1919 5 лет назад

@@carryeveryday910 And neither are you. So what's your point?

@jwpolar 9 лет назад

Mark Cuban started his first bar business on a $15,000 loan.

@gingerbignastyaction3131 9 лет назад

From a friend and not a bank...

@EgaoNoGenki 9 лет назад

Aviaction At least if Mark was handy around houses and cars, he could perform $15k worth of repair work for his friend, in return.

@kylemenzz 9 лет назад

Aviaction its still loaned money

9 лет назад

No, he gave 49% of the company for $15,000. That's not a loan

@milstein91 9 лет назад

Aviaction but he says that you shouldn't borrow from friends as well....

@1jesus2music3duke 5 лет назад

“I’m working 24 hours a day.” Shut up, Mark. You’re working hard. Acknowledge your hours of sleep before you send other people into suicidal depression.

@JeremyTheEntrepreneur 4 года назад

Nate Jones 😂😂😂

@boxerpete4261 4 года назад

Why are you not rich yet?

@ussocom3644 4 года назад

@@boxerpete4261 "WhY ArE You NoT RicH yeT?"

@natgenesis5038 3 года назад

Are u a human ???

@natgenesis5038 3 года назад

Boxer Pete rich in calories???

@megatron184 7 лет назад

"You're a moron if you get a loan from a bank. Instead come on shark tank so I can take your good idea."-Mark Cuban

@Dakkadot01 2 года назад

Hahaha THANK YOU!

@zapspiders92 8 лет назад

A small loan of a million dollars

@1111111111202 8 лет назад

+zapspiders92 donald trumps loan

@jesuschrist2616 8 лет назад

+zapspiders92 for a business thats not alot

@jesuschrist2616 8 лет назад

***** depends how you look at it

@jesuschrist2616 8 лет назад

Most not all

@mikep5796 8 лет назад

+indian gamer What business did you start if you think one million dollars is not a lot?

@WorthDieing4 8 лет назад

I made $57,000 last month off a business I started with a loan

@connorsullivan5331 8 лет назад

What does your business do?

@WorthDieing4 8 лет назад

+Connor S We sell vehicles here in California, I have to borrow money to buy inventory. All money costs money even if it is your own.

@deadcell1 8 лет назад

California? Ouch! They have one of the highest state income tax rate in the USA. Congratulations on your business and I hope it continues to prosper. I started my business through savings I acquired while investing in stocks, MMA's, and the Forex exchange market over the years. We've been in operation for over 4 years and we have no debt.

@terrellgarland8838 7 лет назад

Here Comes A New Challenger!

@terrellgarland8838 7 лет назад

Here Comes A New Challenger!

@gropro4618 6 лет назад

Yeah ill jus save 300k and start a business ok cool

@vigilante9883 5 лет назад

LMAO

@opufy 4 года назад

@Lithuanian European Dhalt yeah seriously it's like I always ask myself if you wanna be rich do you have to sacrifice your humanity?

@johnsmith-hl7hi 4 года назад

You don't need that much to start a business dude I started a painting business with $600 now I keep me and 3 other's busy 40 hours a week

@walkermallory6957 4 года назад

Mere peasant

@cronchcrunch 4 года назад

@@johnsmith-hl7hi depends on the business. You aren't going to be opening something like a bar with only $600

@HowardPlumpkin 4 года назад

Yeah, I need about 500K to get my business up and running. So I guess I'll just save that up on my 60k a year job. Maybe I can open for business 3 or 4 years before I die. People need loans buddy.

@antoniosilvapaucar1311 2 года назад

You make someone to invest with you, so if the company fails, the investor lose money but you don't. Of course, I don't think it would work well for only 600k idea businesss.

@umitdinek2555 2 года назад

Rent a business and then if there’s huge potential growth then get a loan and buy the business don’t just jump right in.

@JasonGraystone 7 лет назад

I love Mark Cuban but he did get a loan for his first business which was a bar called Motleys. He borrowed the money from his coach. maybe he forgot.

@lylack1 6 лет назад

Jason Graystone I think he's talking about don't get a loan from A bank

@innocentram1800 6 лет назад

Maybe that's how he know its a moronic idea?

@chavycash2518 6 лет назад

Jason Graystone Hes obviously speaking from experience.

@misohungry802 6 лет назад

Loan from family or friend is different since there’s no interest

@Anon54387 6 лет назад

Miso Hungry: No friend of family of mine would loan me money at no interest. Why would someone let anyone use their money at no interest? It'd be one thing if they loaned a few hundred dollars for a short time if one was short for a while, but a long term loan they should absolutely charge interest.

@HTlogistics87 7 лет назад

I borrowed 6 grand for my trucking biz and now I'm independent taking all the money

@discipulo123 7 лет назад

Chris Holmes Good, it is never one size fits all, you can use debt to your advantage if you are focused on the end goal. This guy is an arrogant millionaire moron

@AgentAndroid 7 лет назад

I don't think he's talking about a small loan like that. Believe it or not, there's plenty of delusional entrepreneurs who seek out literally hundreds of thousands of dollars in loans to start a company that they don't even know will succeed. Obviously they won't breakeven and see profit for at least two or three years as a best case. If that business fails, they literally will have unimaginable amounts of debt tied to their name. In a smaller loan like your case, paying it back is very feasible and if a business with that small of a debt fails then the owner can just take up another job to pay it back without issue.

@discipulo123 7 лет назад

AgentAndroid I agree with you 100%

@ayushverma4043 7 лет назад

Аre Yооооu Оn The Раth Тоooо Ultimаte Lifе Success? twitter.com/385c9d4a1ae33a7b8/status/804630629388152832 Mаrk Cubаn Оnlу Morоoооns Stаrt a Business оn а Lоаn

@rewind4964 7 лет назад

well thats the thing he is talking about good for you if you succeed but if it doesn't your going to lose every penny and might even go homeless.

@redhot663 5 лет назад

A lot of people don’t realise that when you start a business you’re starting a fight. You need to fight for your share of the market. You need to either KO your competitors or race them to a spot they haven’t noticed yet

@Openreality 4 года назад

Yeah that's not legally how competing businesses work. They strive to find the one unique feature that they can offer. Yes multimillionaires will say otherwise, but they fail to remember that they are bound by the law as well or they will go to jail and their businesses fail. If they did work as this ass hat claims than Target, Walgreens, Bud's Bargain Basement, Dollar Tree, and others would all be out of business and bankrupt by now. Each one of the businesses I've mentioned have found a way to coexist which is there whole point of competition. On top of that US law protects small businesses as well as the US Constitution.

@rozzahthecursedlizard8206 4 года назад

I feel like his opinion is more of “if ur gonna get a loan, know about the risks of being able to pay it back”

@DJVARAO 4 года назад

Yup, more like it. That's why is easier to get loans for construction/real state business projects. The property is the collateral and in the worst case you can walk out the failure just even.

@kingxixu1029 4 года назад

exactly

@DJVARAO 4 года назад

On another take, the money you want to get for an innovative idea is the risk money from investors (angel investors, venture capitalists, innovation funds, etc) who are essentially bidding on your success, but still conscientious about a potential failure and zero R.O.I. (unlike banks)

@Cityheart221 3 года назад

Your interpretation of his statement makes sense, but he was pretty straight forward with his comment, so it sounds more like don't take out a loan to start a business.

@charlesg7926 2 года назад

The bottom line is that to be successful in business, you need to be brutally honest, logical, and not emotional or sensitive. If you’re emotional or sensitive, you’re almost never going to succeed in business. You need to be pretty logical, analytical and ruthless tbh

@cjaee6187 10 лет назад

- Mark's first business was started on a $15,000 loan. Doesn't seem like much of a moron now. More like a financial genius.

@ShopperPlug 3 года назад

Would like more info about this.

@abidnadid 3 года назад

Lol, He did start on a loan, but he paid it with 49% of the Bar, he awarded Evan with a Stock Certificate, so....

@freekaron 2 года назад

Maybe his experience taught him that was a bad idea.

@sorryshed 2 года назад

incorrect, he didn’t start a business. he bought a business that was already running and generating income. then he appraised it… that’s not the same as creating a business off a loan from ground 1.

@cp90_ 2 года назад

@@sorryshed wasn’t Disney started on a loan?

@Nearmello12 9 лет назад

1 thing I realized in life. The poor complain and complain. Rich take actions. period.

@richardfry5991 9 лет назад

How do the wealthy children that inherited all their money, fit into your fairy tale land?

@Nearmello12 9 лет назад

They dont stay wealthy

@SUPERMAN-yu2tm 9 лет назад

kilaz lesliet you are right man they complain that they are living paycheck to paycheck...sucks do something about it.

@Wrecksy 9 лет назад

Richard Fry Are you aware that most millionaires in this country are first generation wealthy? Most rich people did not inherit their wealth. The "fairy tale land", as you call it, is called reality. And you are living proof that the OP is correct.

@GenerationX1984 9 лет назад

kilaz lesliet LOL. Some of them do. Besides all that, people who tell you to value hard work are morons. It actually depends on the occupation you choose. If you work toward an occupation that pays good or find a way to become self-employed then good. But people who tell you that hard work is the key to success are morons. The hardest workers in America are the farmers and the ranchers and they don't make hardly any money. There's just something about a rich guy who works less hard than a farmer or blue collar person telling people that hard work is the only key to success that rubs me the wrong way.

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@Spree1775 2 года назад

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@zunnacia7743 2 года назад

@@Spree1775 I was only able to get my grant approved registering through a professional and License Grant agent that was recommended to me here.

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@zunnacia7743 2 года назад

@Karen Diedrick Grant is not a loan! Even billionaires seeks and get grant for their business monthly. Getting a grant is not compulsory but it should be every individual’s priority if they want to hold a solid ground on the financial market.

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@pingpong2456 8 лет назад

Successful guys like him always forget how they started, a guy pitched an idea to him, he liked it took over, only gave that guy 10% of the business, and another partner supplied the startup money

@tsroque 8 лет назад

Sounds like a loan to me!

@sn0wb0ard1ng 8 лет назад

That's pretty similar to his story, but definitely not everyone's. Cuban is basically a frat bro that got lucky (not saying he didn't work hard).

@pingpong2456 8 лет назад

Ricky Stafford he would have been a millionaire not doubt, but he sold at the peak of the tech boom

@walperstyle 8 лет назад

I wouldn't mind making 10% for an Idea for the rest of my life. I have thousands of great ideas. I can't physically produce all the results myself. 10% ROI for doing nothing, better return than the socialist Canada Pension Plan.

@pingpong2456 8 лет назад

walperstyle oh yeah, Cuban is brilliant but he would never mention how he got started, and that it wasn't his idea cause hes a narcissist

@sn0wb0ard1ng 8 лет назад

"We don't just sit back and say the only way we solve problems is by hiring people"Literally 1 second later: "You hire smarter kids, you hire smarter people". Like wtf is he even trying to say, because that was a complete contradiction

@balthorpayne 8 лет назад

The way I gathered, he meant you don't throw more people at a solution, you simply hire smarter...usually meaning scaling down on the manpower, but making who you have contribute much better to the business.

@elliottturner4002 8 лет назад

efficiency

@halaambe 8 лет назад

if you didn't get it you need to study more.

@WCRoss0 8 лет назад

You must not understand what he is saying. Instead of just throwing resources at a problem and thinking that only more man-power will solve your problems, smart business owners need to think smarter, not harder, and hire quality employees that will not only solve a problem but adapt the overall business model to make what was once a large problem something that can be handled with relative ease.

@mikebrophy2583 8 лет назад

how could you not fathom what he was intending to say? you trying to catch mark Cuban contradicting himself? lol

@aaronramsden1657 4 года назад

So true! I've started a small business with only a few hundred dollars but had people on the internet say "you need at least $5000" etc, if you're smart and resourceful you can leverage what you already have.

@antoniosilvapaucar1311 2 года назад

You don't want to lose money if you have to keep paying the loan after your company fails, you want people to invest with you and get or lose money with you. If it fails, you don't lose anything

@49fiori 10 лет назад

Trust me, you cannot start your business idea without money, I've been trying for 32 years and it doesn't work.

@dommafia 10 лет назад

That's a lie, I have.

@levedia 10 лет назад

dommafia oh ya what kind of business did you start without money lol.

@JE56777 10 лет назад

dommafia What kind of business?

@dommafia 10 лет назад

JamesD567 IT consultant, on my third employee in 2 years.

@NathanielElliott 10 лет назад

dommafia Agreed... You can start one without a loan! We did with ahWriting.com

@foreigncarsrule 8 лет назад

Generalizations are stupid because not every circumstance is the same.

@ZachToTheAllen 8 лет назад

+foreigncarsrule You're generalizing that generalizations are stupid.

@pravinda333 8 лет назад

+Zach Allen To think that, in itself, is a generalization is an error of the way we use language. Wittgenstein would tell you to fuck off.

@spinel917 6 лет назад

foreigncarsrule true indeed

@Sewknami 4 года назад

Didn't Cuban start his bar on a 15k loan from his friend?

@Openreality 4 года назад

Yep from what I've herd. Hes just a well paid PC prop for a voice piece of the employers' opinions.

@JohnnyJuarez1 4 года назад

Obviously he was speaking about bank loans and interest rates, borrowing money from a family member or friend is not the same as borrowing from the bank.

@strauqq1 4 года назад

@@JohnnyJuarez1 That's not what he said though.

@JohnnyJuarez1 4 года назад

@@strauqq1 1:19 he said something like (the bank doesn't care about your business or who you borrow from "UNLESS IT'S FAMILY" he doesn't care about your business. To me family includes friends, so if you have a friend or family member that believes in your dream it's more likely that they're not going to charge you interest rate like a Bank would you won't be in debt for the rest of your life and it won't harm your credit if you start falling behind on your payments.

@M.D.S.Projects 7 лет назад

NO LOAN or Finance: I started with a wheel barrow and now my Company has a Dump truck, two HD Pickup Trucks, two dump Trailers, an Enclosed trailer, and all the equipment we need to do anything. And thats only after 2 years. I think if you open your mind to realize anything is possible for anyone and accept yourself for who you are all the negatives and positives and you set a goal and you know that you are going to do whatever it takes with using a smart and planed out process you will get there. Just try and use your GPS to take without telling it exactly where you want to go and you know if you don't decide exactly where you want to go you will probably never end up anywhere you truly want to be. Thats what people like Mark know is exactly where they wanted to go and regardless of a Loan or Financing whatever method you planned out that you know works for you then do it instead of occupying your valuable time thinking of all the reasons you can't do it or why it can't be done. What are you going to do before you die?

@balla33ist 9 лет назад

I guess I'm a moron for taking a 15 thousand dollar loan and turning into to a 6 digit business

@leggoego 9 лет назад

What's your business?

@balla33ist 9 лет назад

C.R.E.A.M. I own a video game store and buy and sell pre-owned games and retro games as well.

@leggoego 9 лет назад

Hell ya, it's all about supply and demand. Figure out what they demand and find a way to supply it and you can do big things!

@balla33ist 9 лет назад

C.R.E.A.M. Oh yea man, I will be expanding into more of like a gaming tournament and gaming clubs here within the next year I am planning it out man. Skys the LIMIT

@NicholasBlomquist 9 лет назад

USA Clan what is your business? If you don't mind me asking.

@Shark-Hp 10 лет назад

i agree with Mark Cuban. start a small business with the capital you have and try to sustain it. if you can't start it then keep working until you have adequate amount to start one. taking a loan is a conflict because you have to sustain your business and repay the loan. if you win then you can pay of the loan, if you lose then you lose your business and your debt grows at high percent.

@tazaxx21 10 лет назад

***** Your>>> You're...

@sangmaclint 6 лет назад

These guys are just about making bold statements. They don't care if they're right or wrong... Typical spotlight hungry businessmen.

@elmerluzero3puertastechito501 4 года назад

@@jensenraylight8011 did you censor the word bastard? what an idiot.

@Generatorsarefake 4 года назад

@@elmerluzero3puertastechito501 he also capitalized the first letters of 'assumption' and 'fact'

@elmerluzero3puertastechito501 4 года назад

@@Generatorsarefake lol

@Openreality 4 года назад

Yep pretty much. This guy is just a well paid PC prop, just paid for his "opinions" and he wants a monopoly.

@Openreality 4 года назад

@@elmerluzero3puertastechito501 Except he himself took a loan like every other successful business present. Regardless of the loan or how it was acquired or the parameters surrounding the acquiring of money, they are still loans and they still need to be repaid in some shape or fashion.

@j.m.harris210 7 лет назад

i needed to hear this. No loans just effort.

@alexstonephoto 7 лет назад

The most hilarious part about this video is that I left it on auto-play and the next video was "Mark Cuban: How I Became a Billionaire". Around the three minute mark, this guy explains how he LOANED Mark Cuban $15,000.00 so he could buy a bar in Bloomington.

@eatpigsnot 6 лет назад

he learned from his mistake

@mankupexec 5 лет назад

If you listen closely, Mark clearly says not to borrow money "unless" it's friends or family.

@matimi0sbackflip455 4 года назад

That bar failed. It was while he was in college

@CountingStars333 4 года назад

@@mankupexec Bullshit idea lending to friends or family.

@Openreality 4 года назад

This guy is just a well paid PC prop. Most businesses in the world started with a loan regardless of how it was achieved.

@jobdoneright5934 10 лет назад

Didnt Mark Cuban take a loan of 15000 to open a bar?

@mdtaylor2274 10 лет назад

***** very true and in 1979. The bar was later shut down for a wet t-shirt contest as the girl who won was under age.

@chrsev01 10 лет назад

Mark gave a share percentage of the bar in exchange of the money. It wasn't a loan. I think?

@digfire1 10 лет назад

Michael Taylor good job you watched a documentary, now you're a expert in the subject

@digfire1 10 лет назад

***** we'll that's just a subjective statement

@uberkarthik 10 лет назад

i guess, but it was sorta necessary, because the bar wasnt necessarily a "business". It was necessary to pay for that in the first place, while businesses you personally start, you need to create something before you find the need to get money to fund it.

@rezasanaei9770 5 лет назад

Great remark at the end of the interview by Cuban "RU-vid is about killing time!"

@rechutriers5592 4 года назад

His first business he had to borrow the money from a friend because no bank would give him the money.

@greyone8566 4 года назад

I was just about to say that. He took A LOAN to start his first business.

@eltamdma227 8 лет назад

mark started his first business off a 15k loan from a friend, without that loan who knows where he would be today...

@carlozmrc 8 лет назад

McDonalds

@raj-cr4nl 8 лет назад

+gage lundgren from a friend, not from a bank.

@KevinP32270 8 лет назад

+Adam Jones EXACTLY!!!

@marcuschun3892 8 лет назад

+gage lundgren He'd be hustling getting money from someone else

@glutamin111 8 лет назад

+Marcus Chun I seriously doubt he would have to. He had an extremely sharp mind for business and making money out of air and it was evident from an early age. I think he would be successful one way or another, perhaps if he was not so lucky he would end up being a millionare instead of a billionare.

@JoshuaBardwell 8 лет назад

Mark couldn't have been more off-base about television vs. Internet video. Hopefully he's changed his tune.

@changwufeinataku 3 года назад

Right?! I know I’m late to the party here but... it’s funny to listen to someone speaks so confidently and be so wrong at the same time. Gotta appreciate the confidence if anything.

@21berkyx 3 года назад

@@changwufeinataku He is very much right. Just because you don't like the sound of it, doesn't mean he is wrong.

@ELISHACAEZ 3 года назад

@@21berkyx How much TV have you watched this quarantine?

@markallen381 4 года назад

Mark Cuban is a moran, just an athletic manager, these are skills unrelated to being a political candidate or running an industrial enterprise. A person with a reasonable loan, skills, commitment, education and keeping nose to the grind stone. Now that he has money, he will buy his way into the next opportunity.

@OscLem775 7 лет назад

"Its about killing time, vegetating watching a show" i like how he admits TV just wastes your time

@qazmko22 9 лет назад

I love his advice: "If you find something that you like to do or love to do, be great at it and see if you can turn it into a business; in worst case you going to have fun doing you want you love to do in best case you can turn it into a business."

@JagjitBrawler 9 лет назад

*sigh* To all the people below who are saying he's lying and that he's an idiot and what not, you don't understand what he's trying to say/do. He's simply saying that it's much better to start on a small investment and no loan and then have that business grow and become bigger than to have an unsuccessful business (started on a loan) and then owe a lot of money.

@JagjitBrawler 9 лет назад

I don't think he's trying to mislead people, I think he's just trying to prevent people from making big mistakes.

@Omoiyari23 9 лет назад

jagjit bhatia I find it quite amazing people think they know more then him. I'm not saying he should be the perfect role model but he has proof, real world examples i think people just love hating.

@JagjitBrawler 9 лет назад

Omoiyari23 Ikr, finally someone who gets it.

@michaelcovel3793 9 лет назад

it's hard to accept your opinion when he directly with intent, accents "you are a moron" regarding loans

@Omoiyari23 9 лет назад

Michael Covel He is just really honest and gives blunt advice. I think it's perfectly fine he is not politically correct.

@williamjamesrapp7356 6 лет назад

Not everyone can have nothing at all but a fantastic business idea and expect to KNOW EVERYONE IN THE INDUSTRY -- let alone know where all the money people are who are willing to invest. Not everyone grows up in a family of money or a family of connections. SOme people are actually doing everything they can to get out of the part of the country where NO MONEY FLOWS WERE RICH PEOPLE PINCH EVERY MARK FRANK YEN POUND OR RED CENT THAT THEY HAVE and they arent willing to help other. Hell, IM DIVORCED -- but my home is 100% paid off, My Car is 100% Paid Off, My Bills are 100% Paid off and I still cant get a loan of any kind let alone get a loan to start a business. Some of us have to do what we have to do. SOrry we are soooo stupid.

@littlebird3167 5 лет назад

Do you think you have to have all those things to start a business? If so, then don't try. That's the wrong approach. Some of the best businesses were started in garages.

@sovereignfilipino4685 3 года назад

"poor and middle class used DEBT to become poor while Rich used DEPT to become more RICH"

@StoneBlueAirlines 9 лет назад

No loans but it's hard work and planning. It can be done.

@FPVREVIEWS 9 лет назад

***** you guys are a good example, and glad to see you on here too.

@hksio345 9 лет назад

how did you do it without loans. money had to come from somewhere

@StoneBlueAirlines 9 лет назад

One step at a time and careful planning of funds. I worked for over a year to save up before I started my company. Put money aside to get it running then it paid it self back.

@hksio345 9 лет назад

Wow that's what I want to do with another type of business but I don't make much a year. This gives me a lot of inspiration. Thank you.:)

@FPVREVIEWS 9 лет назад

+Lead it i've also started 2 businesses without loans, or seed money. one i started by being a service provider. starting with labor only, and then adding parts sales once i had SAVED money i had already earned. The other i started by creating intellectual property for which i saw a demand.

@biancasaucado 8 лет назад

That s why I don't buy rich people book, he was right, competition , no way a rich person will tell you how he became rich, cause If he do you will be competition for him

@ACB2K 8 лет назад

lolololol. I always find it silly when they pretend to want to tell someone how to get rich..

@ACB2K 8 лет назад

lolololol. I always find it silly when they pretend to want to tell someone how to get rich..

@derektheproducer 8 лет назад

That's why you should watch the business moves that they make instead of their words. Mark Cuban (and any other smart businessman) has a killer instinct when it comes to business. Its about outsmarting your competition.

@AustenSummers 8 лет назад

As if it's easy to dominate a sector...

@ACB2K 8 лет назад

Ken M You're right.. I think market share is better..

@billy33365 6 лет назад

He's rite, I started my company LLC for 843.00 and now it's making over 230k a year. Facebook, Instagram, Twitter etc. all started out as LLCS and S. Corps for no more than 1000.00 when the first started but their brains, work ethic and effort is what brought them to where they are now not a lot of money. SUCCESSFUL

@paoloangelino24 5 лет назад

The problem is that if your start up business fails then you will have to pay back asap (with interest) the bank or person you owe money to. As opposed to starting a business where you use your own money, which means that there are no strings attached.

@crosswire7777 8 лет назад

"next to no capital" for this guy is like 400,000

@tim707max 8 лет назад

hahaha

@6tss 8 лет назад

exactly what I was thinking

@EBaraily 8 лет назад

this guy is stupid!

@onlineservices4749 7 лет назад

I think this guy is a bit opinionated. I think it is ok to use credit in a good business plan.

@sleepyjohn2944 7 лет назад

A small loan of a million dollars

@MrNewSeazon 10 лет назад

Obviously hasn't realised that youtube has evolved from cats playing piano and dancing dogs into one of the worlds biggest platforms for communications.

@denisthornhill8737 10 лет назад

@rhesaramadhan8474 3 года назад

I love the fact that this comment section was fulfilled with realistic people 👍🏾

@topgopnik 4 года назад

BS I own a gym that revenues almost $10,000 every month and all it cost me was hard work and a $12,500 loan

@metroshaboomin3866 4 года назад

MXJunky how much do you bring in tho. I’m sure you have employees and plenty of expenses

@joeye7518 4 года назад

@Jon Luci I mean, it's a gym. How many positions are available? I'm assuming it's a small time local gym, not a state of the art facility.

@spicyheadface 4 года назад

S C buddy here doesn’t really own a gym. Someone who owns a gym doesn’t have time to comment on a RU-vid vid flexing about his business

@rajatbansal512 8 лет назад

I got a Tai Lopez ad

@FatherOfAmir1 8 лет назад

me too

@rajatbansal512 8 лет назад

+Said Ali he is a real despo bruh!!!!😂😂😂

@rajatbansal512 8 лет назад

+Said Ali he is a real despo bruh!!!!😂😂😂

@rajatbansal512 8 лет назад

sketchyou 😂😂😂😂😂😅

@whaahhh 8 лет назад

did he brag about his lambo? or take you on a tour of a rental house? (not his)

@mrtimjitsu 8 лет назад

If i remember correctly.... Mark Cuban started his first business with a loan....

@dicktracy1593 8 лет назад

+mrtimjitsu And his business was completely useless after the dotcom bubble (luckily he sold it for billions before it burst). He was just born at the right time.

@mrtimjitsu 8 лет назад

+Dick Tracy lol yeah i know.... I don't like how people assume that there's some secret to being a successful entrepreneur, and if you are a successful entrepreneur like Mark Cuban, you must know everything there is to know! Like the old saying goes, "there's more than one way to skin a cat" There's also more than one way to run a business... There are soooo many opinions on whats the right way, "do this, don't do that" all good advice and it may or may not work depending on the circumstances, and a lot of times it's just down right luck. Because I've personally met quite a few STUPID yet VERY successful entrepreneurs....

@gottgaame 8 лет назад

+mrtimjitsu well he learned from that experience and is warning people not to do that

@mrtimjitsu 8 лет назад

Mark Joseph I think if there's any experience he learned from his first business is that don't let underage girls enter a wet T-shirt contest in your bar.

@eddenoy321 8 лет назад

+mrtimjitsu Opinions are like assholes.....everybody's got one. And no two are exactly the same. With bio-metrics coming everywhere, pretty soon we will be able to start our cars by sitting on the gearshift knob.

@GODDEVA 5 лет назад

"SFI has taught me so much about ways learn and earn. It has made a big difference and my success is building. Being part of SFI has given me the skills and confidence to grow and develop."

@douglasatcheson8689 7 лет назад

Loans can be used for any business purpose and we lend to almost every industry in Australia.Our business loans range from $5,000 to $250,000 without asset security.

@Sumoto999 10 лет назад

"If your going to compete with me, you better realize im working 24 hours a day to kick your ass." Love it.

@PrettyPetite1 7 лет назад

This is ridiculous, there is no way I can save up 100k from my job to start a business without taking out a loan just no way he's two shark friends Barbara took out $1000 loan and turn it into A multibillionaire empire and Damon's mom put their house up for collateral. Get out of here. If people are not ready to take that risk then they're not ready to be an entrepreneur

@s8gill634 6 лет назад

PrettyPetite1 Donald Trump basically took a loan for a dollar and turned it into 3,000 dollars, (loan for a 1m into 3bill)

@MitchellKeller_ 6 лет назад

dont save up 100k generate 100k through multiple avenues of income. investing, real estate, bonds, generating small businesses or even websites that generate a more passive income. start small , think big and then be big, dont complain.

@kaliah209 6 лет назад

PrettyPetite1 if you save $1000 a month for 10 yrs, you would have more than enough to start your own business

@Bear-jr2ny 6 лет назад

Coconutwater Tatyana Most people simply can’t put away 1000 a month and not touch it at all.

@eatpigsnot 6 лет назад

read EntreLeadership by Dave Ramsey and Business Botique by Christy Wright

@anthonygloria821 3 года назад

Walt Disney took a LOAN from his life insurance policy! Disney is now on the Dow Jones 30!!

@Drearempress 6 лет назад

•currently driving NJ-TRANSIT BUSES. • Currently off to Becoming a nurse and then a doctor👍 • "My Biggest Dream" started a fashion industry! Hard work got me here so far. 😌 thanks to god, Take care.

@ROBwithaB 10 лет назад

For the record, Mark, I watched this a year later. On RU-vid. I'll watch WHAT I want to, WHEN I want to. So whatever overhyped live TV type thingy you have in mind, count me out.

@YouAreDistracted 9 лет назад

He says dont take a loan to start your business but 2 of his fellow Sharks took loans to start their business - Kevin Oleary turned a $10,000 loan into a billion dollar business and Barbara turned a $1000 loan into a real estate empire...

@YouAreDistracted 9 лет назад

Skyler Windmiller Doesnt matter if he agrees with them or not. The fact that they took loans out and became multimillionaires by doing so, proves him wrong.

@Acujeremy 9 лет назад

Grindahz Studio We should see stats on what percentage of small business loans ended up creating a successful business and then we will know.

@YouAreDistracted 9 лет назад

***** Obviously it takes more than just money to have a successful business, but they wouldnt have been able to act on the plan without the startup money.

@1ranger800 9 лет назад

+Grindahz Studio As a Real Estate Agent, one of the first things that you are taught, as far as investing goes whether it be in a residence or a business is, use other peoples money (the bank) to make money. In other words, even if you have 250k and you want to either start or purchase a business for say 200k, risk their $ and not yours! (just don't let em' know you got it ;) )

@Shogun973 8 лет назад

+Grindahz Studio yea but they are 2 in millions to tell the truth

@AppleAbston 4 года назад

I think he's talking about loans from a bank. Personal loans are different. I also think he's talking about substantial loans which you have no guaranteed income to pay off reasonable and reliably without going into debt. 🤷🏾‍♀️ idk it just doesnt seem like he's talking in cut & dry terms. Glean what you can from it instead of ripping it down. He's saying it for a reason

@wildman1180 5 лет назад

Tree service business. Me and a friend started a tree service on $300. Chainsaw, rope and ladder is all we had starting out. We were making 5k a week in the summer months. It’s pretty hard sometimes, but if you would rather be your own boss then it might be worth it to the right guy.

@DeviaNZe Год назад

Reinvest the capital gain again an again to expand your business. Learn the tax code and use the system in your favor, you will be rich.

@THEREALJOHN981 8 лет назад

For people wondering what is the alternative to a loan, it's easy. If you have a feasible business plan, there will be many, mnay people wanting to invest in you, basically hoping to make profits off of your efforts. This could be, friends, family, acquaintances or any other contact for that matter. Or you could even use a site such as 'fund circle' in which random people invest in your start up online. By doing this, if your business fails, they lose their money, you do not have to pay them back, let alone with interest. I think his point should be, try this method, as it is really not all that hard, and if you are to take out a bank loan, they will want their money back, with interest.

@jxsilicon9 8 лет назад

Plenty have started with a loan. I think Buffett did also. But you will need investors for seed money.

@stephaniepolanco5905 8 лет назад

You need to be sure that it's working or going to work.

@chrismoreno1017 8 лет назад

Carl Icahn gained a personal profit of $469 million after three years in 1991 from TWA which he earlier acquired on an acquisition loan. So Cuban thinks Icahn is also a moron? Check out the mirror Cuban..

@stephaniepolanco5905 8 лет назад

He is talking about regular people. 80% of businesses fail so if you fail better fail without debt. There are rare times where this can be a good decision but is better you have a job to pay the bills of your business.

@beckbat7479 8 лет назад

+Stephanie Polanco yes, I agree with that. The whole big business man like him are fearless risk takers are just a sexy concept. All the big successes in business are very conservative. Some of the household name today didn't quit their day jobs until they were well on their to success in their side business. So, start your business and start selling. That's the only way I know.

@deadcell1 8 лет назад

+Beck Bat To expand upon what you said.. What alot of entrepreneurs who are just starting out don't understand is the correlation that brand perception and equity has with sales. There is reason why lamborghini can sell their cars for $300,000+ each and Honda can't. Brand perception influences the mentality of the customer and how much they are willing to pay for your product. Every entrepreneur should thrive to carefully construct their companies brand to establish brand equity which in term will lead to more sales.

@littlebird3167 5 лет назад

I kind of agree with that. I have started 3 businesses from absolutely nothing. One by accident really. I started a fourth but, it was just too much aggravation so, I walked away and lost nothing!

@DeepaMaisuria 6 лет назад

As a professional business valuator the #1 thing we know is that the cost of debt is cheaper than the cost of equity. People should vested in their business and use their own money to get started, but once your business has traction and can generate cash flow then get debt financing...don't give away equity from your business! Get a loan from a friend if you need funds, because in the long run giving away equity will affect how much return you get when you go to sell your business.

@JayJohnJordan 10 лет назад

I love/hate RU-vid, because it shows me how much there is to "catch up" to learn about the world. But worst case scenario, I'm enjoying learning about fascinating world-class concepts in the process.

@hendimeher1929 8 лет назад

"the internet was designed for anything but video" what year is he living in? 1998?

@Vicininater 8 лет назад

Speaking technically, he is correct. The internet, specifically TCP/IP packets and the network infrastructure are designed for burst traffic and not constant high-bandwith streaming (whether up or down). This is why ISPs want to charge Netflix extra for using their lines and why companies involved in video (google, netflix, hulu, etc) have to create content distribution network caches (CDNs) often in-house with said ISPs. Whether or not that's the reason why he said that remains to be seen.

@hendimeher1929 8 лет назад

thanks for clarifying, no wonder live streaming is a big challenge for companies like twitch, but is it the same with netflix and youtube when they can buffer much seconds in advance ?

@Vicininater 8 лет назад

***** I can't believe I didn't think of twitch. No, it's not exactly the same, twitch has to work a lot harder to deliver streaming content live (as Mark was talking about in the video)--especially so when a lot of that source is not their own. Netflix/Google/Hulu have it much easier due to being able to use big data caches to cut bandwidth and distance.

@jlast000 7 лет назад

John Galt who are you???

@OatmealTheCrazy 7 лет назад

WiredUpDIY lol

@alahjandrodagrate1611 4 года назад

5:06 a statement of the past right here. I guess that’s innovation for you

@aswyers8816 4 года назад

So true Mark, I started a business the first five years on a loan, and it was hell making the payment. I have just finished paying off a $150k loan. Now everyone and there brother want to become partners, nope ! been there and done that . Now going corporate!

@DeviaNZe Год назад

Congratulations, I wish you the best. I started my business without a loan, and now I'm in the path of a corporation.

@aswyers8816 Год назад

@@DeviaNZe I own Mauki Sun Farm corp now. And have products into stores.

@concernedcitizen6577 7 лет назад

Most small businesses fail within 5 years. That's why banks do not give out loans without the backing of equity. If you have a great idea to sell, either you sell the ideas to angel investors or a rich uncle who will own a lion share of the your business, or you save every penny you have. I am sensing a lot of defensiveness in the comment section. These are the people who have no business doing business, and probably will end up having their houses foreclosed.

@HaydenEvanoff 7 лет назад

Concerned Citizen If people just learn how to not spend money they don't have then they have nothing to fear. The problem with America is that we've let the banks brainwash us into thinking that it's okay to spend money you don't have as long as you pay it back within reasonable time. In fact it's actually SMILED UPON to spend money you don't have and then pay it back (hence building credit). That's some horse shit. Save up. Or, start a business that requires no capital (such as washing cars or mowing lawns or fixing computers or something service based) and then once you HAVE THE MONEY then you can begin fueling your business to try new things.

@lathakalaiselvan3890 7 лет назад

Get уоur рауdаy loan nоw => twitter.com/3ac3041c00204e45d/status/809350192776347648 Маrk Cubааan ООOnlу Morоns Start а Businеss оn а Lоаn

@khloewatkins3242 6 лет назад

Hayden Evanoff those service businesses you you just stated do need money to start, you need products to clean a car.. a lawnmower to mow lawns, if you have nothing to begin with sometimes lending money to start something that makes you money is okay within reason. Before anyone says work and buy it- alot of people do work and have no money left over. It's a lot easier to say things when your not in the position.

@oscargonzalez4100 5 лет назад

This is definitely true. Most people often fail and this is exactly why it is difficult to even get a loan in the first place. In the era we live in, there are a bunch of crowdfunding platforms that can get you the money you need for your small business.

@ExploreLearnEnglishWithGeorge 4 года назад

well, just worth to point out that there are many more routes other then the few you've pointed out in this comment

@Professional_Youtube_Commenter 7 лет назад

It doesn't matter how rich or successful someone is you always take anyone's advice with a pinch of salt. Different business models for different people. I know a CPA and dentists who started out their practice taking out business loans and successed. Granted they work in a professional services industry where they just need a few titles after their name and they get customers. But it goes to show it can be done and in this paticular industry is the norm.

@gluehigh416 5 лет назад

Says the man who gives loans for a living!

@marcusaureliusregulus2833 4 года назад

Investment and loans ain't same dude

@AbrahamTheGOD47 4 года назад

I love how he called watching tv Vegetating

@MrMaxgaz11 8 лет назад

I started my business with a small loan of a million dollars and now I'm here in my garage with my Lamborghini. KNOWLEDGE!!!

@kurodanny 6 лет назад

KNAWLEDGE*

@myopinion2559 6 лет назад

Max Gazenko Who are you? Donald Trump!!?

@twobrother9518 6 лет назад

Max Gazenko how do you get loan I need a loan to open a restaurant but I have a bad credit.

@Cheeseburger.Launch.Sequence 6 лет назад

Start smaller. Food truck, start selling prepared food at local farmers markets. Eventually offer catering. I started growing mushrooms and selling at farmers markets. Added produce. Opened up my own market, took a leap on buying a corrugated shed and began distributing commercial produce. Now I have a small, small restaurant attached serving breakfast and lunch. We just started doing 8 dinners, fixed price, last year. Things are going well, but I am still holding off on going full time with three services a day. Sometimes going in the backdoor is the most sensible way to reach your actual dream.

@sc38converter 8 лет назад

easy for him to say, if your poor, nothing else matters.

@bighands69 8 лет назад

+t-bird shane That is just an excuse.

@LeozinhoPlaybass 8 лет назад

+t-bird shane *you're

@lashekamorgan1871 8 лет назад

+t-bird shane Maybe you are a poor student but then you go looking into your field of choice , find a mentor(s) that are top in that field in the city(they all want to pass down their knowledge just tell them all work for them for free), come up with a brilliant idea thats lucrative, present your business proposal to your trusted mentor that can seal the cracks in it, find potential investors including your mentor and Booom!!!! You are on your way my son and didn't have to pay 1 cent. Just brought your passion, creativity, drive , loyalty and balls.

@sc38converter 8 лет назад

thanks,

@harlemkiid149 8 лет назад

+Lasheka Morgan sounds good ....ultimately persepctive business owners want and need capitol not mentorship,I wonder how many people on shark tank sought a mentor prior to the show, idk, but i do know they're all seeking investors who happen to have capitol. These investors are looking for a return/gain on their investment. Never been a fan of the middleman.

@dabhob333 3 года назад

It would be interesting to hear Cuban’s reflections on this video. Particularly, relating to social media/internet and videos. I haven’t watched “tv” in years.

@matewhatthefuck6516 4 года назад

Loans are great. You just have to be smart and responsible on using them. Learn how to use leverage properly! Rockefeller was a great advocate of taking advantage of leverage to boost or to even just start your business.

@Zchalabi1 7 лет назад

ok ruined my mood i been saving for 5 years and need a loan to have enough capital for my idea. cant do it without a loan.

@Fraylovesskincare 7 лет назад

don't let this ruin your mood. we all start form somewhere.

@onagoodday627 7 лет назад

Your idea no matter what has to produce enough revenue to cover the loan. Everyone thinks that their business idea is gold and will be profitable but reality shows that a strong majority of businesses fail within a year or two. So plan and analyze the market, step back and look at it from multiple angles. Restaurants are prime examples of tunnel vision planning that leads to failure. They always seem to think that their idea is the solution to a location that has failed numerous times under previous ownership. Always look at how other people fail and do what you can to avoid it. Cuban knows most people who take out a loan to start a business will make the same mistakes as the last guy with a great idea.

@crangel2183 7 лет назад

try kickstarter or indiegogo for crowdfunding

@MichaelJohnson- 7 лет назад

Mark is just opinionated. Use your capital as collateral for the loan.

@BlogginBrandi 7 лет назад

***** Agreed! Everyone has to start somewhere.

@SmartBizBuddy 8 лет назад

Winners vs whiners. You absolutely can start a business with $0 in capital. I did a very successful lawn care business with no money in it. What I did have was a plan and spirit. Matched with time and talent. Now folks will be saying I have neither of those either. Well, where do you think I found it. I watched the masters. Read books from the library. Bought audio cassettes of Tony Robbins at garage sales missing tapes. Repeatedly practiced and honed my schpiel. Even today I was working to refine it down to with a smoother touch. You must emulated them, make your own style through trial and error. Now I run 3 of the top business groups and networking sources in all of South Texas. Narrow minded folks will say there is no way and make excuses forever. Those are the guys that fill the jobs for the entrepreneurs. If I can do it, you can, and better. I want to see it and assist. #bamm #smartbizbuddy #starrfish #b2bnetworker #14yrawardwinner

@JerseyJD24 4 года назад

It’s shocking how some people are so out of touch. He did a terrible job of explaining alternatives other than taking out a loan to start a small business.... he doesn’t realize some people really don’t have a choice and calling someone a moron for it just shows his immaturity and ignorance

@EspertoBusinessPlan 7 лет назад

Great answers, all true.

@SugarcreekForge 10 лет назад

Mark Cuban is a smart guy... but I have to totally disagree with his statement "YouTUbe is not about conversation". It is the 3rd largest social media network in the world, and I see 590 people having a conversation about this video as I type this comment. By 2015, over 90 percent of all Internet traffic is expected to be video. I think that it is safe to say that the internet was made, and will continue to be made for video.

@ThePortlandRoofers 10 лет назад

All good points except about Video on the internet. I don't get it this video was live for me when I watched it 8 months & 2 days later. If the rest of society believe Cubin is wrong about this topic then Cubin is wrong. If I watch live TV pay per view MMA or tune in later on You Tube not having talked to anyone about which guy won the experience is the same for me. One difference is Pay per view usually is a social gathering at whom ever house it was bought.

@ps60k 10 лет назад

Chad Westover Only truth determines if Cuban is right or wrong. Whatever "the rest of society" says doesn't matter, it's simply majority opinion. RU-vid videos are not live, unless it's a live stream. There is no such thing as "live for me;" it's either live or it's not. Discussing a live PPV event or awards show as it happens is quite different from discussing a recording that already happened. This is what Cuban is talking about.

@alexanderfrennett2439 10 лет назад

90% of content? Maybe in terms of packet size... Not actual content.

@SugarcreekForge 10 лет назад

I am not sure about that Alexander....you might be right. But, it is interesting to me that right now that RU-vid and Netflix alone account for 50.31 percent of the downstream traffic during the peak part of the day on the internet in the USA alone. And 80% of RU-vid viewers are outside of the USA. It will be fun to see what happens over the next few years.

@alexanderfrennett2439 10 лет назад

All the wonders of the Internet and most of it's usage goes to decade old streaming movies. lol

@nightlifeking 10 лет назад

I know a 5-10K loan right now would help me get moving on my venture. Unfortunately I don't have friends or family that have that have that kind of money to spare. While I kind of get his point, there are a lot of successful businesses that were started with friends and family rounds OR maxing out credit cards. Very risky, but sometimes you gotta do what you gotta do.

@SocietalSlave 10 лет назад

5-10k... could try making some cutbacks at home, try to save some money by spending less, have a garage sell or two and I bet that before you know it you'll be very close to your goal of having that 5-10k where you might only need a 2k loan at most. Smaller loan=less possible collateral damage at worse.

@GeekiestWomanTest 10 лет назад

If you can't come up with 10K there's something wrong with you. You are probably living way beyond your means, instead of BELOW your means. Maxing out a credit card? How moronic is that??! I have a c credit rating, because I owe money? NADA. I PAY CASH for what I want. I totally agree with Cuban. Your business will be successful depending on how much EFFORT you put into it.

@nunocruz5430 10 лет назад

Waileka Pakalolo Obviously you don't live in the real world...

@nightlifeking 10 лет назад

Waileka Pakalolo Wow really? Something wrong with me huh? HAHA! How about you invest 10k in what I'm doing and let me prove you wrong. Bet that would never happen and THAT'S why you're not in the real world. And no, I'm not living beyond my means.

@Urbanfire123 10 лет назад

nightlifekingcom Mate, why would someone invest in you if they believe you're living beyond your means? There's no betting on that, it's silly to even imagine someone investing in someone else with only reassurance that "they will be proved wrong!" It's a lose-lose situation for the invester. On the one hand he loses dignity, on the other he loses 10 k. Perhaps you should consider that before throwing around the words "real world" so lightly.

@Eaglebizcredit 5 лет назад

Invoice Factoring can fill the gap between bootstrapping and growing your business to where you want it to be 👌

@painexotic3757 5 лет назад

I love how people who've never started businesses before think they know more than a successful buinessman billionaire. As someone who has started multiple businesses since I was 17, I completely agree with him!

@emilyc5625 8 месяцев назад

So as a person who knows nothing about business but what’s to start a skincare company I’ll need 30k-50k to start . I should start saving now while planning the business and working on product development .

@ryanfikany8439 9 лет назад

I just started a business without a loan and it was probably the best decision I could have made. I am debt free and the business in flourishing. Listen to what this man has to say.

@charlesg7926 2 года назад

Agreed, I did the same thing 5 years ago. Now, I’m making like $230,000 personal income (profit after expenses) from it a year, with NO DEBT, and me and my wife own 3 rental townhomes generating even more passive income…

@carlosRodriguez-vz3ho Год назад

@@charlesg7926 What source of income did you used to start? job?

@Joseph1NJ 7 лет назад

In college Mark opened a bar on a 15K loan. It failed when they found out an underaged girl was in a wet T shirt contest.

@clarirodriguez688 7 лет назад

Joseph1NJ He regretted that.

@user-ro1qh4fi5p 5 лет назад

Advice comes from failure.

@jhezy2000 7 лет назад

100% true. i got approved for a 25k bike loan but denied for a 10k business loan. so i bought a lil ranger pick up now i have a fleet all from my money. quit my part time job and did it

@vx4982 5 лет назад

Over 40yrs ago was easier to get a loan and open up a business. My grandparents did that and to this day their trailer park business is still open to this day. These days it’s harder and the laws have changed so much.

@jamalbradley1151 8 лет назад

Moron is a strong word but I think his point about using a loan is pretty accurate. The problem is, he's speaking from the position of an investor looking for an equity stake, rather than the individual looking for the actual investment. It's the traditional debate between taking on debit or giving up equity.

@KENCORNSR 6 лет назад

Jamal Bradley is it

@TavisMcKenzie 10 лет назад

5:08 "the internet was designed for everything but video, and television was designed specifically to deliver video" as we watch Mark on our "Internet Boxes" while Google implements LIVE broadcasts onto RU-vid.

@Inkscooltattoos 4 года назад

The only reason i now have three different successful business was because of the bank loan which i had to take when there was no one to support me financially. Thank you so much dear bank.

@mishaabramovic2985 5 лет назад

Never loan small. If you gotta loan, do it big

@sn0wb0ard1ng 8 лет назад

"The Internet was designed for everything but video" - Mark Cuban 2013

@mikethaxton4935 9 лет назад

Move to a small town of 30000 and start up a business thats never been in that town and the people want ! The best place in tbat town should be on the interstate or major highway thru that town !

@pasta8709 3 года назад

We are lacking in meth producer here in Bali. Maybe you could try that and go big.

@msmoneyboss2532 5 лет назад

Truth with his first point. If people really wants to start doing business, they should start making excuses.

@lotto5742 5 лет назад

I opened up a pho restaurant with a $500,000 loan back in 2014 and is averaging $2 million in revenue a year and net a profit between 20-25%. Last year, I netted a profit of 29% and aiming for a 35% net profit at the end of this year.