Mark Cuban’s 12 Rules for Startups

Anyone who has started a business has his or her own rules and guidelines, so I thought I would add to the memo with my own. My “rules” below aren’t just for those founding the companies, but for those who are considering going to work for them, as well.

1. Don’t start a company unless it’s an obsession and something you love.

2. If you have an exit strategy, it’s not an obsession.

3. Hire people who you think will love working there.

4. Sales Cure All. Know how your company will make money and how you will actually make sales.

5. Know your core competencies and focus on being great at them. Pay up for people in your core competencies. Get the best. Outside the core competencies, hire people that fit your culture but aren’t as expensive to pay.

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Key Traits of Successful People

Great article in Huffington Post about the  common traits of successful people.

Definitely worth a read and consideration.

Which character traits do you need to have if you want to work effectively and get ahead? The answer depends, to some extent, on the kind of work you do — but there’s one trait that everyone needs to have if they want to succeed, and that’s trustworthiness. Technically, it’s not so much being trustworthy, but being perceived as trustworthy, that matters. You can be as honest, fair, and reliable as the day is long, but if nobody else sees you that way, it won’t help you.

When your boss doesn’t trust you, you don’t get key assignments, promotions or the latitude to do things your own way and take risks. When your colleagues and employees don’t trust you, you don’t get their best effort, or all the information you need from them to make good decisions.

If you want other people to believe that you are trustworthy, you should be aware that you may be seriously undermining that belief if you appear to lack self-control. New research shows that people just won’t trust you when you seem like you might have a willpower problem. If you think about it, this makes a lot of intuitive sense. We trust people because we know that when things get hard, or when it might be tempting for them to put their own interests first, they’ll resist temptation and do what’s right.

Studies show that when you engage in behaviors that are indicative of low self-control, your trustworthiness is diminished. In other words, all those things you know you shouldn’t do — smoking, overeating, impulsive spending, being lazy, late, disorganized, excessively emotional or having a quick temper — may be even worse for you than you ever realized, because of the collateral damage they are doing to your reputation.

So if you want to be trusted, you’re going to have to conquer these trust saboteurs. To do that, you’ll need to understand how willpower really works, and how you can get your hands on some more of it.

The Secret to Earning Trust: Willpower

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