Mark Cuban once pictured himself running a significant corporation — until he began his first job out of faculty.
After Cuban graduated from the University of Indiana in 1981, he was hired at Mellon Bank in Pittsburgh, he recently said on Trevor Noah’s “What Now?” podcast. He liked the job almost immediately, feeling comfortable enough to send business articles to the bank’s CEO and begin a “rookie club,” where a gaggle of latest employees would invite senior executives out for drinks and networking, he said.
He felt confident he was constructing vital relationships. Then, his boss unkindly told him to knock it off.
“I begin to cry … because he’s just yelling at me nonstop,” Cuban said. “I didn’t take a look at it as only a [9-to-5] job … My only mission was to assist my company make more cash. My peers and executives didn’t quite see [my strategy] that way.”
The experience “sealed” something he probably already knew, Cuban told CNBC Make It via email: If he desired to run an organization, he’d likely need to construct his own.
It was the primary of two wake-up calls that taught Cuban he’d never mix into “the structure and limits” of corporate America, he said on the podcast.
The second was at a PC software retailer in Dallas called Your Business Software, where he found employment after leaving Mellon Bank and dealing a series of strange jobs. He was fired after nine months for leaving the shop unattended while he closed a $15,000 take care of a client without telling his boss, he recalled in a 2017 podcast interview.
“I used to be a lousy worker because I used to be a know-it-all,” Cuban told Wired last yr. “I used to be an entrepreneur at heart, and I all the time thought I had a greater idea [for how to do things].”
Many entrepreneurs are “misfits, difficult employees who start their very own firms” because they don’t need to be managed or “work in a pre-structured environment,” suggested a 2007 evaluation in American Psychologist, a peer-reviewed academic journal. That disposition might also help them survive the turbulence of launching a brand new company, the researchers found.
But not every prospective entrepreneur is as successful as Cuban, who launched a software company called Microsolutions in 1983 and kept it afloat through some turbulent early years. He ultimately sold it for $6 million in 1990.
Cuban’s second business, Broadcast.com, was acquired by Yahoo for $5.7 billion in 1999. He’s currently running one other entrepreneurial enterprise, discount prescription drug service Cost Plus Drugs, and has a reported net value of $6.2 billion.