Billionaire Mark Cuban has had plenty of success in his life, from selling companies to being a star on "Shark Tank" and being one of the most well-known NBA owners of the last two decades. While Cuban has plenty of strengths, he opened up about some of his top weaknesses in a recent interview.
"Diary of a CEO" host Steven Bartlett gave Cuban plenty of compliments on his business acumen during a podcast interview in October. Bartlett also got Cuban to share his weaknesses.
"A lot of things I’m awful at," Cuban said.
Cuban said one of the things he’s been bad at with the companies he’s run is the details.
"I’m ready, fire, aim."
Cuban said that at MicroSolutions, Broadcast.com, and now Cost Plus Drugs, he’s had someone to help him with details and complement this weakness.
"I was never going to be good at the details."
Another area where Cuban admitted to being weak is hiring employees.
"Hiring, suck at it."
Cuban said he’s great at leadership, but when it comes to hiring, he should let others be in charge of that. The billionaire said in the past he would hire the wrong people or people who asked for jobs and think that he could make things work even if they weren’t the right person initially.
Now, Cuban said he likes to have companies that "hire slow, fire fast."
The billionaire said if you don’t have the right people in place, you’re going to find out at some point.
"Hiring is critical."
Cuban recalled being "the fat kid" when he was younger and always looking to get attention from his peers.
The billionaire told Bartlett that he would even wear certain clothes to get attention, even if it was negative attention.
"I was not someone who stood out or was most likely to be successful at all," Cuban said.
Looking back, Cuban credits this with fueling his drive and motivation, including when he went to Indiana University and wanted "to prove people wrong."
After being broke, Cuban also realized that he wanted to control his own destiny, something that he was able to do after selling several businesses.
Mark Cuban | Photo courtesy: Joe Seer / Shutterstock.com