Mark Cuban: Only Morons Start a Business on a Loan

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June 14 (Bloomberg) — Entrepreneur Mark Cuban discusses the U.S. Economy and starting a business with Trish Regan at the Clinton Global Initiative in Chicago on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

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Comments

Elliot Stowe says:

He sounds like a guy that became successful but doesn’t wanna see the next
guy win. His business is secure so he gives shitty advice so no one else
with be successful as him. Piece of shit 

jwpolar says:

Mark Cuban started his first bar business on a $15,000 loan.

USA Clan says:

I guess I’m a moron for taking a 15 thousand dollar loan and turning into
to a 6 digit business 

Brogan Maclean says:

”99% of small businesses can start with next to no capital”, are you
fucking kidding me?? Clearly this guy himself is a Moron and has way too
high of a platform to actually impart productive advice to people. 99% of
small businesses aren’t paper crafts that are sold around the neighborhood.
He obviously doesn’t see that he was very lucky to earn big on his initial
businesses that lead him to where he is today. He’s also very corrupt and
has been caught using his wealth to do insider trading in the past. Effort,
wit and stamina doesn’t mean you’re going to be successful at your venture
and this idiot should know that. Like many other people that believe in Ayn
Rand’s philosophy; this guy’s blaming the person entirely and not the
environment around them. bahhhhh!!! 

kilaz lesliet says:

1 thing I realized in life. The poor complain and complain. Rich take
actions. period. 

StoneBlueAirlines says:

No loans but it’s hard work and planning. It can be done. 

boojiemonster says:

Professional douchebag.

V Rattai says:

This guy is an idiot…first by calling anyone who holds even a small loan
an idiot he presents himself as a judgmental prick.
We started our business with equity pulled from our land and some credit
card funding and have never looked back. After 5 years we are making it,
have reinvested another $200k in the business and plan to pay off all
loans/debts in the next 5 years. Perhaps his daddy left him some money or
he worked hard and saved up before starting his own business but that is
not always an option and he should have figured out that there are many
different ways to get things rolling and open up his narrow little mind.
Some businesses require tools and equipment or raw materials, and there is
no way around some $$ for start up. 

Gabriel Hill says:

Business isn’t free..you can’t start with no money. I have to put my
business plan together and look for partners that are going to provide the
strength to push through and also have a long term vision with me and say
hey..this is where we are now..this is what we have to offer for this type
of person and why. What does the company stand for is another thing. There
is a lot to it which I won’t even get into because it would take too
long..but I am looking to get funded by investors. Mark can say this..but
business is risky..and without risk it’s basically saying no to yourself.
You need to at least give it your best shot.

Tunahan Yilmaz says:

My dad got a $700,000 dollar loan and started his business. Today, 10 years
later, our profits are great and we have about 200,000 to pay off. That was
honestly such a dumb thing to say “If you get a loan you’re a moron” wtf?!
Most small businesses start with a loan and if it doesn’t then it was
either passed down or you just grew up in a rich family and didn’t need a
loan. He also said ”99% of small businesses can start with next to no
capital”. What?!?! This guy might be billionaire but he sounds like a
fucking idiot.

Doug Ryan says:

I’m pretty sure Mark started his business with a loan

Richard Alpert says:

Mark Cuban just admitted that he´s a moron. He started his first business
on loan.

Esteban Rincon says:

Is there a law against: 1. Making a prototype, putting it up on eBay, then
stopping the sale, to see how much someone will pay for it 2. Take orders,
after successfully advertising it 3. Manufacture it 4. Use Paypal, or
rented retail space to accept payment 5. Put that shit in your bank
account? Really? 

xpto41 says:

I think he started the bussiness with a loan , I dont know if it was from a
friend or a bank but it´s loaned money I guess… Btw, there are many ppl
who start their bussiness with loans. The unique problem is if the
bussiness wont go well and because of that the people have to pay taxes to
th bank

Evan Hardin says:

I know this guy is a billionaire and were supposed to listen to his advice
but I don’t agree with anything he says in this vid. You obviously don’t
want to get a loan if you don’t think you need one but if you want to
spearhead a new business get it up and running now (who doesn’t) and you
believe that you will be providing a massive value to society and you have
a plan to pay it off, then yeah, go ahead and get a loan. 

AllisterCooper2008 says:

You’d want to invest in things that people can’t do without. Water and
cemeteries… pretty safe bets. – Mr Brooks. 

B Hirsch says:

I would have to agree with most of the comments about Mark Cuban. I will
put it nicely and say he is out of touch with the average person. As for
me..
I have $20K in cash. I want to buy a car wash and I have been in the
automotive industry in different capacities since 1994 so I know the
business. Currently I make $8.75 an hour in order to survive but I am debt
free. Where can I obtain capital to buy that car wash?

vogelszijnlelijk says:

Obviously depends on your business. If you have high volatility in earnings
equity financing is better. If you expect to have a stable income taking on
a loan is probably cheaper.

Cuban really is retarded though, what a fucking moron, can’t stand the guy.

BlackLocustMusic says:

Yeah, this guy is too far into it to worry about money or business, he has
no advice.

SuperStuey2 says:

$5000 totally changes my situation..I’m 60yr old on SS
Daniel A. Nardello
4312 49th St
San Diego,CA 92115
Thank You

visho89 says:

Never follow the advice of lucky people. Its worth shit if you ain’t lucky.

AllisterCooper2008 says:

No, you’re not a moron if you get a loan. SE Asia’s richest man, Li Ka
Shing, got started on a loan! You need to have the balls and the brains to
build and pay back the loan. That’s all. There is no fixed rule for
everyone as each person succeeds in his or her own way. As Vin Diesel said
in the first Fast and Furious film: It doesn’t matter if you win by an inch
or a mile. Winning’s winning!

Nicki Divine says:

Mark Cuban: Only Morons Start a Business on a Loan:
https://youtu.be/KYneLGRTgy8

Patricia Riley says:

Mark Cuban: Only Morons Start a Business on a Loan:
https://youtu.be/KYneLGRTgy8

Justin Peyton says:

your seriously callin mark a moron? i know his name, he is a billionaire,
with a B not a M and your at a what? thats not smart, it DOES NOT take
money to make money, that saying is so bogus and out of line, have you ever
heard of a success story about where somebody was homeless or a bum and
went from rags to riches or homeless to a apartment? those are real success
storys you tell me how a broke homeless person went from broke to riches or
broke bum to a $400 a month apartment? it clearly doesnt take money to make
money, that is one of the glass ceilings i talk about putting on your life
you will not go on and do great things if you think “i need money to make
money but i dont have any so i might as well not do it” “i might as well
not live my dreams bc i dont have any money and never will” people dont
under stand when you have a fire desire for change when you hit bottom and
cant stand where your at in life all it takes is 10 seconds to change you
life, the decision is that fast and once you make that decision you will
attract the people and the things you need into your life as you go to make
it happen, personally me without forcing the subject onto somebody its
important to have God in your life, i was homeless but had family to feed
me, 36 months ago i couldnt support myself for a week, 3 years later i can
provide for 4 people have a house and a paid off car and have taught tons
to do the same, the bad part most are scared of is the big W, meaning Work

richard Moore says:

National merchant network family, this is why a bussiness with a hefty
price tag may not be worth it. On the other hand our business opportunity
is one of the best in the world, because it is low cost enough to be
valuble but not so much to where you have to go into debt to accomplish
your dreams. The time is now to make a change when the market is wet!!!!!!

southerncapo85 says:

Real quick for all the slower individuals out there. A loan and an
investment are two different things. A loan is something you get from a
bank or a person that you have to pay back no matter what. An investment is
money they put into your business and only get a return if the business
succeeds. This is what he is referring to. Investments are not bad but
taking out loans are because if you don’t succeed you are still in the hole
for a large amount.

Randy Truffa says:

“live is what differentiates tv from the internet”

and then there was youtube live

Jan Morrida says:

“Shark Mark”, Native from my neck of the woods!

Aravind Mani says:

Lol. He’s just annoyed that Kevin “turned a $10,000 student loan into a
business worth $4,200,000,000”.

Sand Theb says:

I love his advice: “If you find something that you like to do or love to
do, be great at it and see if you can turn it into a business; in worst
case you going to have fun doing you want you love to do in best case you
can turn it into a business.”

David Laufer says:

boom! major hit to barbara – on the show.

Gwen Griffin-Harmon says:

Mark Cuban makes some great points in this clip.

I don’t always agree with Cuban but in this clip he’s spot-on.

Entrepreneur Mark Cuban discusses the U.S. Economy and starting a business
with Trish Regan at the Clinton Global Initiative in Chicago on Bloomberg
Television’s “Street Smart.”

sbowesuk says:

It’s easy to say “loans are for morons” when you’re worth $3 billion. Has
this guy lived a day of true hardship? Doubtful. The 1% have literally no
clue.

Dalitso Muluzi says:

Words in my mouth articulated.

Pirlo Pescarolo says:

yes right , cuban is an idiot 🙂
just jocking

fern Haloo says:

Being part of the tribe didn’t hurt Mr. ‘I beat the SEC”.

Honest Jew says:

What does Cuban the annoying Jew crook know about business? He stole some
BS from a guy and sold it to his Jewish tribesmen at Yahoo during the
dotcom bubble. Under Cuban the company never turned a penny of profit and
was laden with debt. And the BS Yahoo bought from Cuban actually destroyed
Yahoo. Cuban is a loser who wants people to think he is smart and
important. He is a complete loser.

rockwell marsh says:

Only morons listen to him. However, he is to be commended for scamming
Yahoo into buying his junker company which was so bad it had to be swept
under the rug and disappeared.

Henry Savit says:

what a jackass.

Kyle McKinsley says:

You guys don’t understand what he’s saying. You need money to start a
business but he tells you to work for it, don’t fall in a loan. If you’d
get out and work for it, you’ll get it. 

Geraldine Schinzel says:

is’nt that contrary to what the Shark tank show is about? Those people can
to him for money , call it what you want. Another greedy business guy that
has nothing good to add.

Phillip Graves says:

Mark is kind of archaic in thinking if he doesn’t feel YouTube doesn’t
drive the conversation. Maybe not to people in his demo, but for those born
a decade or so later… it certainly does. 

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