Starting a Business

Mark Cuban's Rules for Running a Stellar Startup

Entrepreneur Staff
Staff Writer. Covers leadership, media, technology and culture.
4 min read

Starting a business can be overwhelming. Need some advice? Some encouragement. Enter: Outspoken tech billionaire Mark Cuban.

As an investor on ABC's Shark Tank and owner of the Dallas Mavericks, Cuban knows that when starting a business, passion and enthusiasm is what will give a company its foundation. But before you get started, you must know how you'll make money and sales.

Related: Mark Cuban's 12 Rules for Startups

Playing to strengths and "core competencies" is at the heart of his advice to aspiring entrepreneurs, especially when it comes to technology. Cuban says CEOs should surround themselves with employees who they know would be thrilled to work at the company.

He also recommends maintaining open office to keep communication clear and morale up.  The company itself should be as open as the floor plan -- everyone should pitch in and not be focused on a hierarchy. 

Watch the video above for more of his tips.

Related: How to Get on 'Shark Tank' and Win

More from Entrepreneur

Kathleen, Founder and CEO of Grayce & Co, a media and marketing consultancy, can help you develop a brand strategy, build marketing campaigns and learn how to balance work and life.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.