If you think back to the first sporting event you went to, you don't remember the score, you don't remember a home run, you don't remember a dunk. You remember who you were with. Were you with your mom, your dad, your brother, on a date?
Whatever you can say in a meeting, you can put in an email. If I have questions, I'll tell you via email.
Owning a popular sports team is very different than any other type of business. They don't throw parades when Apple has the biggest quarter in corporate history. People don't call and email asking for anyone from the team to come visit their sick child. They don't cry as they request a jersey of their child's favorite player to be buried with them.
Entrepreneurs need to be reminded that it's not the job of their customers to know what they don't. In other words, your customers have a tough enough time doing their jobs. They don't spend time trying to reinvent their industries or how their jobs are performed.
The first cities to create friction-free enterprise zones will get a lot of entrepreneurial traction.
I love entrepreneurship because that's what makes this country grow, and if I can help companies grow, I am creating jobs; I am setting foundations for future generations. It sends the message that the American Dream is alive and well.
Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don't do it.
Sweat equity is the best equity.
I try not to be an ideologue about anything. If I'm wrong, I'm wrong, and I'm willing to evolve.
If the pitch starts with a sob story, I'm out. If the pitch talks about personal issues, I'm out. If the pitch starts off with how big the market opportunity is, I'm out. If the pitch tells me what is unique about the product, how it can make a profit, and it's an area where I have expertise, I will read on.
'Shark Tank' is fun, but it's all business. We use our own money, and the competition between the sharks is fierce. More importantly, it's an opportunity to invest in businesses that are being watched and considered by millions of people every time it's shown.
What I've learned is that if you really want to be successful at something, you'll find that you put the time in. You won't just ask somebody if it's a good idea, you'll go figure out if it's a good idea.
In my mind, a good leader would say, 'OK, I need to sit down and talk to the guys who oppose me. Let me let them voice their opinions; let me get their thought process.'
Staying true to who I am was tougher when I first got wealthy. Having great friends kept me grounded.
In my opinion, right now there's way too much hype on the technologies and not enough attention to the real businesses behind them.
I have stocked shelves, waited on tables, and bartended. I have been a salesperson at many levels. Each giving me a unique view of what made a company successful and, even more importantly, what made a company fail.
I was born to sell it as a kid. I think it's partially innate, and partly it's because my parents were always very clear: if I needed anything that wasn't a necessity, I was going to have to save my money and buy it myself. That meant not only did I have to buy basketball shoes, but I had to figure out how to pay for college as well.
Donald Trump has got unlimited number of insecurities. But the No. 1 one thing, I would say, is his insecurity with his intellect. There's a reason why he always refers to where he went to college and, you know, that, 'I'm a smart person.' You know, it may be narcissism. But I think it really reflects an insecurity.
When someone has to go to the hospital because they don't have insurance - and by the way, I think the insurance companies should be out of the mix altogether - but when someone needs health care, and they don't have the ability to pay for it, in our communities, we end up paying for it one way or the other.
I create offbeat advice; I don't follow it. I rarely take third-party advice on my investments.
