Jakarta, Reportase – Who would have thought that Mark Cuban, who is currently worth US$ 5.1 billion or Rp. 75.97 trillion, would have slept on the floor. The man who ranks 544th in the world’s richest people used to live in an apartment with five other men and use “dirty” towels taken from a motel.
The situation may seem very bleak, but it is precisely what prompted Cuban to put all his abilities into entrepreneurship.
“When your back is against the wall, you’re sleeping on the floor and your friends are stepping over you to go to their jobs and you’re starting this company, you realize, ‘Okay, I only have one way,'” he said recently, quoted from CNBC Make It, Tuesday (11/4/2023).
Cuban, who hosted the show ‘Shark Tank’, quoted his co-star Daymond John as saying ‘the power of poverty’. According to Cuban, it is one of the defining elements of any successful entrepreneur.
He said a person could quit his job and be determined to be an entrepreneur or stay in a comfort zone.
Cuban argues, “There isn’t a person on this planet who doesn’t already have [momen] ‘Oh my God, I got an idea’.”
He says most people consult friends and explore their ideas on Google, but never act on them in the end. According to him, the biggest underlying psychological reason is the fear of sacrificing a steady salary for the unknown.
In Cuban’s case, his childhood talent for selling convinced him that he could successfully chart his own path as an adult. He sold trash bags door to door as a teenager. He sold stamps and coins door to door to pay for his studies at Indiana University.
As a college kid, Cuban and some friends promoted a party at a bar in Bloomington, Indiana, United States. It performed so well that when the bar closed, he bought the building and turned it into a popular hangout.
“That’s the power of being an entrepreneur,” he says.
“And we all have those strengths. But taking those first steps and discovering the things we are good at is the challenge.”
Cuban was inspired to become self-employed when he was fired from a software store for making $15,000 in sales instead of cleaning up the store.
Cuban founded the video portal Broadcast.com with fellow Indiana University alum Todd Wagner in 1995 and sold it to Yahoo for $5.7 billion in 1999.
Today he owns the NBA basketball club, the Dallas Mavericks. Cuban is also a co-founder of Cost Plus Drugs, which he launched in January 2022 with the aim of lowering the price of prescription drugs.
He has invested in mission-based companies such as Luminaid, which provides lighting to disaster areas, and Mahmee, a maternal healthcare technology company.