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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) --Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg On Bloomberg Television's "Street Smart," hosts Trish Regan and Adam Johnson bring you the most important market news and analysis affecting the S&P 500, Dow Jones Industrial Average, and the Nasdaq for your last trade of today and first trade for tomorrow. Broadcasting daily from Bloomberg TV's headquarters in New York, this business news show centered around the closing bell on New York exchanges, is targeted to provide the best analysis of the day's leading market headlines with a mix of original reporting, earnings news and expert sourcing from Wall Street's sharpest options traders, equity strategists and company analysts. Trish Regan and Adam Johnson provide actionable insight on the capital markets daily with regular segments such as "Chart Attack," depicting likely market moves before they happen, and "Insight & Action" which explains original trading ideas that can make you money. In addition, "Street Smart" is filled with breaking news, political analysis, and market-moving interviews with exclusive guests such billionaire investor Carl Icahn, hedge fund titan Bill Ackman, automaker Elon Musk and more. "Street Smart" broadcasts at 3-5pm ET/12-2pm PT. For a complete compilation of Street Smart videos, visit: http://www.bloomberg.com/video/street-smart/ Watch "Street Smart" on TV, on the Bloomberg smartphone app, on the Bloomberg TV + iPad app or on the web: http://bloomberg.com/tv Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.
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Текстовые комментарии (3932)
Addison Tharpe (3 дня назад)
I don't agree when he says competition. If you come in just be different. Why compete? When you ca be different...
TacMed 419 (5 дней назад)
Alot of fluff and not much stuff in that conversation.
OG Herefano (7 дней назад)
Says 2 to 2.5 GDP is new norm. He’s a jacknut like his daddy Obama.
Eric Batrez (10 дней назад)
I borrowed 25 k to.start my business. I purchased a truck, chemicals, got insurance, contracts drawn up and went to work. I could not have done that if I did not borrow.the initial capital required. 15 yrs later I have several full-time employees, great income and live comfortably. It's easy for people like Cuban to sit on a high horse and preach...
Eric Batrez (10 дней назад)
Mark Cuban is a morron for stating that only morons start businesses by borrowing money. He started his first real company with " help" from previous customers that he did business with. Soooo, he borrowed their money....
ken Carothers (10 дней назад)
Cuban doesn't know the difference between money and currency, the debt based monetary system we live under. Fact, big head little teeth Cuban got a loan for his bar , paid employees cash blah blah blah. Don't listen to me, I'm only from pittsburgh
ken Carothers (10 дней назад)
Don't forget the illegal poker machines
ken Carothers (10 дней назад)
Big head little teeth
NPC 03882519 (11 дней назад)
Mr Cuban and I may disagree with one anothers political views in regard to the current commander in chief but with concerns to the execution of a business, Marks logic is undeniable.
NPC 03882519 (11 дней назад)
This title made me all fuzzy and warm inside with glee. Very smart.
jerry giannatos (12 дней назад)
Mark Cubansky which is his real name. Says it all and all sort of help and loans this clown has received
Ms Tango (15 дней назад)
Most people would love to have enough capital not to borrow money but sometimes people need to borrow
Commercial MarketPlace (16 дней назад)
I guess you shouldn't believe everything you hear on the internet. If you feel you need a loan, then get one.
George klflfl lglgroheksStephens (18 дней назад)
Yes took out a loan and say it's for morans that's only cuz he been thru it and it failed that's why he telling people like us don't do it cuz it's a set up basically he right no matter where you get the loan no matter gives a damn about your business but you that's why you someone who really cares and want to see you win and maybe depending on the loan amount they won't ask for it back
Jeff Phillips (19 дней назад)
Mark Cuban is a friend of a friend so I’ll be nice. I don’t think Mark understands valuation. A nascent stage business can be valued 3x to 4x times more than a comparable firm because the more l leverage you have, the less your WACC (weighted average cost of capital) will be. If I have a cash flow business, I’ll take debt over equity any frickin’ day. Basic entrepreneurial sense. Mark is an equity investor and if his supposed smart portfolio companies understand DCF and WACC analysis, they wouldn’t want his money.
David Burke (19 дней назад)
Most small time biz need about 5-6k to start ..love him but I disagree
Paul Rivera (27 дней назад)
Blah blah blah Mark!! You must be a moron then, because I heard that you took out loans for businesses. If you are going to talk, speak to the regular guy. Speak realistically.
Craig Hall (28 дней назад)
Fuck off mark sometimes people need a hand ya grub
jOSE Cant SEE (29 дней назад)
Cuban needs a whole body condom
Ariel Ortiz (30 дней назад)
No wonder Trump hates this guy. A business loan you payoff little by little but you own 100% of it. This guy is like a mob boss, he fronts you the cash for a portion of your business, when you try to go seperate ways he wants ypu to buy him out at a unreal number, so the whole time youve been doing 100% of the work for a 70 percent take, then he want his buyout i bet at significant high return on his initial capital, say he fronts you 300k, now want 500k buyout,, umm yea,, gfy.
Robert Todd (1 месяц назад)
I am happy i got in touch with expeditetools ,com ,they saved me from bankruptcy when i was going through some bad times in my business .I received over $120,000 through their tools
Jesús V-ccama (1 месяц назад)
Jason Graystone, first i was confused then i'm like wait, didn't this guy get a loan to buy a bar, i came here to comment that and i saw so many people was thinking the same thing.....
Wisdom Carl (1 месяц назад)
Loans are difficult, banks would ask for collaterals and stuffs that we probably won't be able to provide. I was introduced to deep hacking where you get jacked transfer and I gave it a shot and on first trial I got over $20,000. I kept doing it and i have made alot. My friend who I recently introuduced to it has recently bought an apartment in Dubai. Expeditetools ,com are the people providing these hacking service.
J D (1 месяц назад)
What if the business is already established...and your just trying to buy it.
LionKing (1 месяц назад)
What he's NOT telling you is the amount of Loan NOT to take out VS how to start a business without a loan. Not going to wait 10 years to save and then start a business. BS advice. He's scared someone else will steel his spot
Derrick Bundy (1 месяц назад)
He's a Moran
Brandon M (1 месяц назад)
I thought this said, "Only Mormons start a business on a loan"
Shasha 11 (1 месяц назад)
How the he’ll you are supposed to start a business without any money.?!
MLMRC.COM (1 месяц назад)
hmmm wow how about that.
iliketakingshowers (1 месяц назад)
I'm watching this on youtube
GODDEVA (1 месяц назад)
"SFI has taught me so much about ways learn and earn. It has made a big difference and my success is building. Being part of SFI has given me the skills and confidence to grow and develop."
Impair Sosa (1 месяц назад)
If i dont get a loan how else do i get the stupidly high amount of money it takes to start the business i am interested in
Frank’s Detailing (1 месяц назад)
Badass advice right here. When I started Franks Detailing I almost got a business loan but now I’m thankful I didn’t!!!
Berkay Sürmeli (1 месяц назад)
Who the heck is this guy? Chobani started on a loan, idiot. It’s the fastest growing company in the entire United States. They sell yoghurt. It’s not the matter of how you start. It’s the matter of how you make and sell the product.
George Is Straight Elite (1 месяц назад)
Mark your Jewish privilege is how you lucked up. Can’t speak for the gentiles.
Malik McLean (1 месяц назад)
If I want to start a real estate development company then what do I do?
Design Media Consultants (1 месяц назад)
Using loans is a financing tool that is useful in many situations. There are also many types of loans, some do not cause a business borrower to be personally liable. Plus many businesses are started with just a small amount of capital and the loan is not that large. There have been many successful business owners who started by using credit cards. Not true to say only a moron starts a business on a loan. I was a business consultant turnaround expert and provided management, marketing, and venture capital financing. Cuban, you are wrong!!!!!!
Roy Lange (1 месяц назад)
Very funny he would say that morons would start money with borrowed money. The founders of YouTube started youtube with borrowed money on a credit card and sold YouTube to Google for 1.9 billion in 15 months!!!! That Was a faster fortune than you ever made Cuban...
Be Cool (2 месяца назад)
Small and big businesses fail because of lack of cash. That is a universal truth.
Ruben Lopez (2 месяца назад)
He doesn't hold the government to the same standard.
WRESTLING FEVER (2 месяца назад)
But return on investment is greater for borrowed capital
patrick hayes (2 месяца назад)
Don't get a loan you're a moron if you get a loan to start a business says the billionaire who borrowed money to start a business what an arrogant ass hole and I like you Mark Cuban but that was pretty shity thing to say billionaire arrogance
Kevin Barrett (2 месяца назад)
Not everyone has a silver spoon you cocksucker.
VesselofMercy100 (2 месяца назад)
Maybe he is talking lessons the learned the hard way. The advice he is giving is the best case scenario. I started my company with no money down. I just put money into equipment needed or rented equipment until I could afford to buy it. Over %70 of businesses fail within the first 2 years. Bringing a monthly note into a business that doesn’t have established customers, or product orders means your starting with no guarantee of income, and a monthly payment. If you went into a business with large amount of work that is promised or contracted. I would feel more comfortable taking a loan. But liquid is the best way to get going.
naturegurl83 (2 месяца назад)
he didn't even answer the question? so how are we supposed to get the money then? Youre a moron
DarthVadent (2 месяца назад)
All of these condescending, self-proclaimed entrepreneurs often enthusiastically opine on the virtues of "hard work", flaunting their business acumen by admonishing against those who apply for loans to start their business, as if you didn't need capital to establish one in the first place (Hint: You do) whilst also disregarding and delegitimizing the barriers to entry, as if all that was needed was pure, unadulterated gumption and mind-numbingly vacuous motivational speaking seminars. They never delve into any rigorous, logistical detail on effective strategies based on statistical data or empirical evidence. It's all just "Bob in Pennsylvania left his 9-5 corporate job and did XYZ after reading my book and now he owns 50 businesses and makes 500 gorillion dollars a year." That's nice, but how about presenting some reliable, reproducible and scientifically rigorous analysis on how to start a business instead of citing one personal anecdote after another?
Steven Gupps (2 месяца назад)
thanks for upload
Yutthasat Srisauy (2 месяца назад)
My parent’s started a restaurant business on a loan 10 years ago and it’s striving. It’s really an “all up to you” type of lifestyle. There’s no one size fits all linear path
D. A. (2 месяца назад)
Tbh if you qualify for a business loan from a bank then you definitely should. Not those shark loan companies.
dat boi (2 месяца назад)
Must be easy to say being a billionaire
Steven Gupps (2 месяца назад)
hi
Nick Conte (2 месяца назад)
Hey Mark, I listened to your advice. I paid cash for college. Paid cash for my new car. Bought a home, all cash. Now, I am using the leftover funds to start my business. YEAH.....OOOOKAY.
Serenity Love (2 месяца назад)
Okaaaay so how do I start a business if I'm broke ASF without a LOAN ??😒
The eBattle (2 месяца назад)
I financed one of my first companies with credit cards. When the company failed is was left with hundreds of thousands of dollars in debt. Bootstrapping your business is the only way to go.
Edward A (2 месяца назад)
So I guess Mark Cuban is a moron since he started a business with a $15,000 loan himself. Yeah, I'm going to listen to a moron that makes complete sense.
Azriel Leyva (2 месяца назад)
This advise isn't fair. Mark borrowed $15,000 from his college friend Evan Williams to open his first business, Motleys. He was successful and the college bar became a hit. The lesson is have wealthy friends and family who believe in you. He's a brilliant man but he wont be what he is if he didn't have the network of friends in his early years.
Android VS (3 месяца назад)
I started doing business from 1$ and after 3 months and now I'm still struggling.
Chad Pru (3 месяца назад)
Cyban retained capital to start businesses by simply saving. He literally sacrificed he life. He lived with several guys and ate ketchup sandwiches. Instead of getting in to debt he saved. Most people want a big pile of money because we are consumers. Cuban has done the work that most people arent willing to do.
Dy Lon (3 месяца назад)
Trump started on a loan
Val Heike (3 месяца назад)
As a writer I'm. branding myself on Youtube. I want my own property raising hydroponic sockeye walley ,produce,wool rabbits on a artist retreat. I can not show whay I know with 32 years experience o. air.
Studio Dankster (3 месяца назад)
Yeah ill jus save 300k and start a business ok cool
Eric Li (3 месяца назад)
I do agree with him. You should have some skin in the game too.
Ger Her (3 месяца назад)
Tell that to Ray Kroc (McDonalds) and Sam Walton (Walmart)
Business & Wealth (3 месяца назад)
just because he got a loan does that make him any less successful? he needs capital to start a business. He's a great role model and very few people can do what he does!
Stu Pid (3 месяца назад)
To start a business you may have an income with a % to invest or a big amount on reserve. If you start on a loan there is nothing to save the day if anything happens
LaurensDesigns (3 месяца назад)
I wish you talked more about start up money. I too don't want to get a loan, however I need a location, I need staff I need supplies...so where and how do I get the money to do this?
Mad Hatter (3 месяца назад)
Easy for him to say only morons get loans. Did he forget where he came from? I have a few awesome ideas but don’t even know where to go to get started
PereL Sports&Lifestyle (3 месяца назад)
Borrow is not a loan
Eva neaky Green (3 месяца назад)
I got a western Union MTCN of 6000$ in my name successfully, without paying any upfront fee. I got the help from an old friend who introduced me to the western Union offers. He also picked up 10,000% successfully, the risk was worth trying. And it was amazing, until now I've been earning monthly. All thanks to Thepromptcybers@gmail. Com They are legit. I stopped wasting my time with non professionals
John Smith (3 месяца назад)
This is glorious, I been tryin to find out about "starting a home business" for a while now, and I think this has helped. Have you heard people talk about - Bavordcon Business Bohemian - (search on google ) ? Ive heard some interesting things about it and my brother in law got great results with it.
Moto Foto (4 месяца назад)
Come on Mark, no loan at all? Little Capital to Start? Can we get numbers? It took my 5k and thousands of hours to get Blueray restored and an other 5k I could pay for my supplies and labor to restore second one.
Chingkhiulung Gangmei (4 месяца назад)
He is the purest Moron
Reza Younesi (4 месяца назад)
Is he serious?!!! Makes no sense what he says. How to start a business without capital
MrBobDug (4 месяца назад)
.... he said small business owner. Further, by loan he means for example an above 40k bank loan... what he means is that a loan won't make you successful or scalable. You need many other elements added into the formula...He has exaggerated the statement on purpose. That's why he's a billionaire, people are not even catching the play even though he spelled it out for them in the last sentence he spoke
MILWAUKEE WISCONSIN (4 месяца назад)
I tried to get a loan from the bank they shot me down. Now the same bank wants me to open a checking account and open a credit card 🤔🖕🏼
814chappy (4 месяца назад)
Typical liberal hypocrisy
The official Elon Musk (4 месяца назад)
Made 12k last month from a 60,000 loan
Nyufly35 (4 месяца назад)
If you're a small business owner who is at there wit's end, and your being denied by you're bank for the working capital you need for your business I can help you. I'm a certified independent business loan broker with 5+ years experience and partnerships with over 30 lenders. I can get you the working capital you need for your business. Just go to my website and fill out the questionnaire. US and Canada Only. Caldwellfinance.com
Daddy Cool The Pimp 7God (4 месяца назад)
If you get approved, get that loan. Invest with other people's(banks) money whenever you can!! Fuck what this guy is talking about..
Demon-鬼 (4 месяца назад)
Does the name MOTLEY’s ring a bell?
Shair Khan (4 месяца назад)
I will borrow money Earn money Find investor I will start business
Me Tube (4 месяца назад)
I started my own business with only a dream and 12 million dollars from my parents.
Perla Colomer (4 месяца назад)
Love mark cuban
Camui Hideaki (5 месяцев назад)
Mark Cuban started his first business with a loan. WHAT A DUMBASS
FAIL or BAIL (5 месяцев назад)
Well he just established he is a lucky moron lol, personal loan $15,000 on first business which got shut down for a minor being in a wet t-shirt contest there. Great guy but everything is circumstancial, not one person has all the right answers. What works for him will not work for everyone. Just a comment.. im a big M.C. fan btw.
S S (5 месяцев назад)
Every participant that goes on Shark Tank effective immediately, is now a moron. -Mark Cuban
Steven Clara (5 месяцев назад)
Mark is wrong about the internet it just show he doesn't understand the potential of the internet
Raejean Montoute (5 месяцев назад)
Fast forward to 2018, he was so wrong about the internet, video and going live.
Tony Montana (5 месяцев назад)
Do what ever you need to do to start your business. Don’t listen to this ass clown. Mavericks SUCK btw
British Boxer (5 месяцев назад)
wow, he started with a loan? his dad?
king piece (5 месяцев назад)
That's only if they cannot pay it back
Edward van Grootel (5 месяцев назад)
Mark Cuban is such an arrogant asshole. He is not an inventor/entrepreneur at all. He was just like many people at the right place at the right time.
Jacob Gibson (5 месяцев назад)
Invest
Jacob Gibson (5 месяцев назад)
Yaaaaaaaaqqqaaaas
Mike Mike (5 месяцев назад)
Didnt President Trump get a million dollar loan to build a billion dollar business.. Now hes the president lmao
James Knox (5 месяцев назад)
HE IS AN IDIOT. 'most small businesses do not fail because of lack of capital'? and ....'if you get a loan to start a business, you are an idiot' ?? This guy is out of touch
Josh P (5 месяцев назад)
What a asshat
Water box (5 месяцев назад)
Other people's money is a must! This guys is full of sh*t.
M P (5 месяцев назад)
that's the most nothing advise I have ever heard.
Arlie Hopes y (5 месяцев назад)
I got a personal automobile loan approved from my bank for a vehicle. I was going to use this vehicle for my business as a commercial driver. Only to find out I'm not allowed to do that with a personal loan. I have to obtain a business loan which for a startup who will be a sole proprietor is absolutely impossible to do. I've called 10 companies all over the country and they have all said the exact same thing "do you have your business set up already"? I said no I don't, I'm a start-up I want to start a business. well we can't loan you any money unless you've been in business for at least 2 years. Well if I've been in business already I probably wouldn't need a startup loan now would I? The last young lady I spoke to told me to get a loan from a family member or save up the $25,000 I need on my own. It's like the system is rigged to steer you one way or the other.
Ali Harb (5 месяцев назад)
He started his business on a $15,000 loan to open a bar.
Frame of Mind (6 месяцев назад)
He was living of credit cards when he started his business oh boy

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