Mark Cuban's Rules for Running a Stellar StartupThe serial entrepreneur imparts advice from experience running his own ventures and encouraging new business owners.
ByNina Zipkin•
Starting a business can be overwhelming. Need some advice? Some encouragement. Enter: Outspoken tech billionaire Mark Cuban.
As an investor on ABC'sShark Tankand owner of the Dallas Mavericks, Cuban knows that when starting a business, passion and enthusiasm is what will give a company its foundation. But before you get started, you must know how you'll make money and sales.
Related:Mark Cuban's 12 Rules for Startups
Playing to strengths and "core competencies" is at the heart of his advice to aspiring entrepreneurs, especially when it comes to technology. Cuban says CEOs should surround themselves with employees who they know would be thrilled to work at the company.
He also recommends maintaining open office to keep communication clear and morale up. The company itself should be as open as the floor plan -- everyone should pitch in and not be focused on a hierarchy.
Watch the video above for more of his tips.
