Dallas Mavericks owner Mark Cuban
Billionaire Dallas Mavericks owner Mark Cuban is well known for offering his opinions and tips about life, business and the startup world.
In a recent interview with Men’s Fitness, the Shark Tank star offered up tips and advice about leadership.
Among the things Cuban revealed is that he never had one person he considered a mentor.
“Most of what I learned about leadership I learned through personal experience,” Cuban told Men’s Fiteness in the interview.
When asked what his best advice he had for a young person taking on a leadership position for the first time, Cuban’s advice included: “Pay attention to what’s happening around you.”
You’ll find much of what Cuban had to say to be good advice, built on year’s of creating his own sports, investment and startup empire.
There’s a lot more in the interview here.
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R E A D N E X T
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The Mark Cuban Cost Plus Drug Company is building an $11M, 22,000SF drug manufacturing plant in Dallas' Deep Ellum, aiming to "disrupt and disable big pharma." The startup plans to launch an online pharmacy selling 100 of the most commonly prescribed generic prescription drugs at a 15 percent markup plus a $3 dispensing fee. "Our only goal is to push down the pricing of drugs for every American," the company pledges.
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The Mark Cuban Cost Plus Drug Company aims to "disrupt and disable big pharma" by offering more than 100 generic drugs "at striking savings" direct to consumers on a cash-pay basis. As a pharmaceutical wholesaler, MCCPDC says it can "bypass middlemen and outrageous markups" by simply charging a flat 15% margin and pharmacist fee. With an $11M plant going up now in Deep Ellum, Cuban clearly means business.
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The $11 million, 22,000-square-foot facility is expected to produce low-cost generic versions of traditionally overpriced drugs—and aims to be a designated site for producing drugs which other companies see as unprofitable to make. Two weeks ago, the MCCPDC launched its online pharmacy, offering 100+ generic drugs at manufacturer cost plus a flat 15% margin and a $3 pharmacist fee.
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Illuno is a staffing and scheduling platform that co-founder Luke Guthrie calls an “officer on-demand system.” It helps departments and officers coordinate moonlighting work with transparency, including rental payments for police cars used for after-hours security work. With backing from the Mark Cuban Companies, Illuno is now looking to expand nationwide.
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At DFW*ATW's annual Executive Leadership Forum last week, women shared stories of how they cracked the courage code to become top leaders in business. From Danyel Surrency Jones, co-founder and CEO of Dallas-based POWERHANDZ, to Indra Nooyi, former CEO and chairman of PepsiCo, the leaders urged the audience to "push innovations," "eliminate inequalities," and advance talented women forward.
