Success Tips: Mark is an entrepreneur and investor on ABC's Shark Tank . He's the owner of the NBA's Dallas Mavericks, Landmark Theatres, Magnolia Pictures, and is the chairman of the HDTV cable network AXS TV. In his recent interview on 30 Days of Genius with CreativeLive, Mark talked a lot about the mistakes many new entrepreneurs make when they think they've found a profitable business idea . Here's his business advice to those who want to start a business: “What I always ask people is, (1) is it something you love to do and (2) is this something you're good at?” “Then, taking that first step is always the hardest. It's terrifying, but really, it's about preparation. We all go through this process where you've got the business idea , you get that feeling in your stomach and you get all excited. Then you talk to a friend, and your friend says, ‘oh wow that's pretty cool, I've never heard of anything like that. I'd buy that.' And then you do the Google search.” “The first thing I'll tell you, is that just because you don't see it on Google, doesn't mean one hundred companies haven't gone out of business doing the same thing. It hasn't been done for a reason, because every company that's tried it, has gone out of business.” (ryrob.com)
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