Entrepreneur and “Shark Tank” Investor mark cuban I recently admired a business idea that my 10-year-old proposed.
what happened: On Wednesday, Cuban took to X (formerly Twitter) to express his admiration for the business plan detailed by the young entrepreneur's father. The plan included paying $100 a year for a child to take care of a customer's trash twice a week.
Cuban expressed his support for the innovative concept, saying, “🔥🔥🔥What a great idea.”
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startup founder bill smith A 10-year-old child's idea was detailed in a post that drew reactions from Cubans.
In the post, he shared a personal anecdote that inspired his son into sales. Smith's son was initially disappointed as he was the only one who was able to get a customer after knocking on 40 doors, falling short of his goal of three customers.
But Smith encouraged her son not to give up and asked when he planned to follow up. Despite being confused about the concept, he enthusiastically follows up with everyone, even those who initially expressed misgivings.
His persistence paid off and he acquired five more customers, bringing his total to 13. A lot of that is through referrals.
Smith says, “Most people only ask once. They give up too soon. Remember how powerful it is just to follow up.”
This is not the first time the Cuban president has expressed support for young entrepreneurs. Known for his early entrepreneurship, which included selling trash bags door-to-door at age 12, Cuban often shares business advice and encourages entrepreneurship.
why is it important: Given his successful track record in business and investing, Mr. Cuban's support for the business plan is significant.
Mr. Cuban's business advice is highly valued. His beliefs about the importance of sales and perseverance in entrepreneurship are well-documented. His recent tweets further emphasize his belief in the power of innovative ideas and the potential of young entrepreneurs.
Cuban shared his strategy for success and said all you need is a phone and $500 to rebuild your fortune. This latest endorsement of the young entrepreneur's business plan is consistent with his belief in the potential of simple yet innovative ideas.
Photo by Joe Seer from Shutterstock
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