‘Shark Tank’s’ Mark Cuban Says There’s No Such Thing as Failure When You’re This Age

Mark Cuban of ABC’s Shark Tank has achieved massive success on many fronts. Mastering the tech industry, owning an NBA team, producing films, and being a steady presence on one of today’s hottest reality shows, Cuban clearly knows how to rise to the top.

The billionaire has also copped to his share of mistakes and failures, which he always makes a point of learning from so he doesn’t repeat any missteps. While Cuban does his best to avoid any faux pas, he feels you can get away with a lot more when you’re young.

“Shark Tank’s” Mark Cuban | Jessica Brooks/ABC via Getty Images

Words of wisdom

Cuban learned many important lessons from his father, which he often shares with aspiring entrepreneurs. He considers two particular sentences his dad shared with him as sage advice. “Today is the youngest you will ever be. Live like it.”

The Dallas Mavericks owner still values those words. “His point was that as we reach bigger numbers we tend to think we are old,” Cuban said, according to Business Insider. “Then we look back and realize just how young we were and didn’t experience things we wanted to do because we felt we were old.”

Seeing the mindset as motivation, Cuban feels that maintaining this focus can propel you toward success. “It’s all a matter of perspective. Today is the youngest you will ever be,” he shared. “But it also feels like the oldest, because it is. You’ve never been older. But you’ll also never be younger.”

The benefits of youth

The Shark Tank star has had his share of jobs over the years. From selling garbage bags when he was just 12 years old to teaching disco dancing in college, Cuban has always managed to earn a living. He sees particular value in jobs people hold in their youth. “Kids who are graduating today, they ask about jobs and things they should do and everything, and I always like to tell them, you don’t have to get the perfect job,” he said, according to CNBC.

Cuban feels that any position you get when you’re fresh out of school is an excellent learning opportunity. “Whatever job you take, you’re getting paid to learn,” he explained. “And you just spend however many years paying to go to school, and you paid a lot of money, probably still owe money. Take that job. You’re gonna get paid to learn, and if it was like my experience where I learned what not to do and I was getting paid, it was still well worth it.”

The tech guru sees the early-20s as a prime time to succeed regardless of where you’re working, making failure almost impossible. “When you’re 22, 23, 24, there’s no such thing as failure, really,” he said.

Shark advice

When it comes to finding your niche, Cuban advises those starting out to try different jobs to find where they excel. “I also tell kids, I truly believe each and every one of us is really good at something. Right?” he said. “The hard part is finding out what that is and going through all the different — kissing all the frogs before you find the prince of the job, right? And I think you have to try and experience as many things as you can, and once you get there then try to be as good as you can at it.”

Instead of counting failures, Cuban encourages people to find that one winning time you make the mark. “One of my favorite sayings is, it doesn’t matter how many times you fail, just have to be right once,” he shared. Then everybody can call you an overnight success. I’ve failed a company that sold powdered milk, I failed the jobs I’ve gotten fired from. And all those were learning experiences.”

Watch ABC’s Shark Tank on Sunday nights!