A Key to Getting Ahead in Life

Do you want to get ahead in life? If so, then there is one key you should have: a knowledge advantage. I learned about this from Mark Cuban through his book How to Win at the Sport of Business. Mark Cuban is the billionaire owner of the Dallas Mavericks and one of the ‘sharks’ on the hit TV series Shark Tank. In the book, he wrote about how he started his business. One thing he emphasized is the importance of having a knowledge advantage. Before starting his business, Cuban had a job selling computer software. There was a problem though: he didn’t know anything about computer software (it was in the early ‘80s). So what did he do? He spent hours a day reading software manuals. As it turned out, not many people read those manuals, so he gained a knowledge advantage that brought him success. He continued this habit when building his own business. He said that he spent three hours a day reading books and magazines. Plus, he didn’t hesitate spending money on them because – in his opinion – one good idea from a book or magazine will pay back the cost many times over. As a result, he had the knowledge advantage to build a successful business and eventually became a billionaire. Warren Buffett is another example. He estimated that he spent 80 percent of his working day just reading and thinking. Charlie Munger – Buffett’s partner – commented, “You could hardly find a partnership in which two people settle on reading more hours of the day tha...
Source: Life Optimizer - Category: Consumer Health News Authors: Tags: Learning Working Source Type: blogs