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Two such entrepreneurs, Shaan Patel and Erik Severinghaus, took Cubans advice and ran with it.
Now they credit Cuban for helping them get on their way to joining the millionaire club.
Heres how they followed Cubans advice and areon track to become millionaires.
He said Cubans big on using tech to grow your business.
This advice has been pivotal in transforming Prep Expert from a small operation into a nationally recognized brand.
Listen To Your Customers
Cuban told Patel to pay attention to what his customers were saying.
It paid off big-time.
Mark also stressed the importance of customer feedback and iteration, Patel said.
This customer-centric approach has helped us maintain high satisfaction rates and foster strong word-of-mouth referrals.
Another key piece of advice from Mark was to be relentless in pursuingexcellence and innovation.
Cubans suggestion about removing extra expenses was very significant for me, Severinghaus said.
In the past, I usually did not see how small everyday costs could increase as time passes.
It is amazing how those small changes can make a big difference over time.
Automate Your Savings
Severinghaus also followed Cubans tip on making saving a no-brainer.
Automating savings and investmentswas [an] important change for me, he said.
It is asimple yet effective strategythat matches well with Cubans belief in regular, disciplined saving.
Diversifying income sources is also very important.
Besides my job at Bloomfilter, I invest money in real estate and other businesses.
This not only gives more money but also lowers risk.
Its Who You Know
Cubans connections in the business world were a source ofhelp and encouragementfor Patel.
From day one, Mark was hands-on, providingadvice and resourcesthat significantly impacted our growth and success.
I am having hope about reaching my financial goals while staying loyal tomy values and dreams, Severinghaus said.
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