Business

Mark Cuban Retains Speaking About This 1 Easy Productiveness Behavior That Divides Profitable Folks From Everybody Else

Additionally, being a billionaire. 

But when there’s one different factor he is identified for, and has been extremely constant about through the years, it is a productiveness behavior that he is articulated repeatedly.

It comes right down to this: Fewer conferences, extra emails. 

“No conferences or cellphone calls except I am choosing up a test,” he informed Thrive World in 2016. “Every thing is e mail.”

“I am not huge on ‘Let’s go eat lunch” conferences,”he informed Inc.com in  in 2014. “The one method you are going to get me for a gathering is if you happen to’re writing me a test. Identical with cellphone calls. They are a waste of time.”

“Sure,” he stated in a extremely meta video final 12 months, wherein he referenced his Inc. interview whereas enhancing his personal Wikipedia web page to replicate his anti-meeting mantra. “I hate conferences. No person likes assembly anticipate the individuals who deliver the donuts and the individuals who like to speak about their children.”

O.Okay. Mark. Acquired it. No conferences. Electronic mail, or maybe even, textual content. 

Actually, whereas I am not going to incorporate Cuban’s e mail addresses right here (as I can not vouch for his or her accuracy or his eagerness to share them), if you happen to search on-line, you will discover a bunch of quick outcomes.

You will additionally discover tales from entrepreneurs saying they raised cash from him after “chilly emailing,” and a minimum of one story by a colleague of mine on Inc.com saying that he shared a cellphone quantity final 12 months on which anyone may textual content him.

Anyway, it is a great productiveness behavior for Cuban, however it’s kind of problematic for others making an attempt to emulate him. (Frankly, the extra you are able to emulate him, the extra profitable you may already be.)

In brief, Cuban virtually definitely has way more cash and energy than the individuals who wish to meet with him. Which means he is able to dictate the phrases of interactions.

Good luck making an attempt to inform a possible shopper, or your boss in case you have one, that you simply suppose conferences are a waste of time and also you’d fairly simply talk over e mail.

Maybe if you happen to’re working a enterprise you’ll be able to insist on a choice for quick e mail or textual content communication over conferences. However would you actually be snug?

The relative stakes might sound lots greater to you than they do for Cuban. Additionally, I believe Cuban would put aside his “no conferences” choice for the suitable assembly.

Think about a extremely sought-after free agent who he wished to signal to the Mavericks. Would he actually refuse to fulfill in particular person if the participant wished to?

That stated, I feel you’ll be able to pull out a number of the benefits Cuban talks about from a less-meeting, more-emailing life.

Close to the highest, apart from reclaimed time, is that e mail creates a digital paper path. 

“I wish to do all the things through e mail as a result of that enables me go to again and look one thing up,” Cuban stated in that very same extremely meta video interview. “I’ve acquired emails which might be 25 years previous now.”

Even if you happen to do need to attend conferences (digital ones, even, given our present scenario), you’ll be able to definitely ship brief follow-up emails afterward, documenting issues that had been proposed or determined, and politely inviting others to “right me if I am misremembering.”

One other benefit comes from merely doing the maths: determining the worth of the time that you simply’d be placing into a gathering, and evaluating it to different issues you might be doing (and the measurement of the potential alternative you would be discussing).

For Cuban, it is perhaps exhausting to justify spending an hour or two speaking to somebody a few small funding alternative, even when if may finally result in a $1 million revenue.

You or me? We is perhaps much more keen to place in time for that form of return. 

On the finish of the day, all of this comes right down to the way you wish to spend the time you’ve gotten on this planet — time being essentially the most finite useful resource, way more than cash.

You do not have to be Mark Cuban to understand that. However be happy to e mail him and ask for his opinion.

The opinions expressed right here by Inc.com columnists are their very own, not these of Inc.com.

Mark Cuban is famous for a lot of things: starring on Shark Tank, sparking controversy, owning the Dallas Mavericks, saying that "follow your passion" is terrible advice.

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Also, being a billionaire. 

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But if there's one other thing he's known for, and has been highly consistent about over the years, it's a productivity habit that he's articulated again and again.

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It comes down to this: Fewer meetings, more emails. 

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"No meetings or phone calls unless I'm picking up a check," he told Thrive Global in 2016. "Everything is email."

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"I'm not big on 'Let's go eat lunch" meetings,"he told Inc.com in  in 2014. "The only way you're going to get me for a meeting is if you're writing me a check. Same with phone calls. They're a waste of time."

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"Yes," he said in a highly meta video last year, in which he referenced his Inc. interview while editing his own Wikipedia page to reflect his anti-meeting mantra. "I hate meetings. Nobody likes meeting expect the people who bring the donuts and the people who like to talk about their kids."

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O.K. Mark. Got it. No meetings. Email, or perhaps even, text. 

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In fact, while I'm not going to include Cuban's email addresses here (as I can't vouch for their accuracy or his eagerness to share them), if you search online, you'll find a bunch of fast results.

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You'll also find stories from entrepreneurs saying they raised money from him after "cold emailing," and at least one story by a colleague of mine on Inc.com saying that he shared a phone number last year on which anybody could text him.

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Anyway, this is a wonderful productivity habit for Cuban, but it's a bit problematic for others trying to emulate him. (Frankly, the more you're in a position to emulate him, the more successful you might already be.)

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In short, Cuban almost certainly has much more money and power than the people who want to meet with him. That means he's in a position to dictate the terms of interactions.

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Good luck trying to tell a potential client, or your boss if you have one, that you think meetings are a waste of time and you'd rather just communicate over email.

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Perhaps if you're running a business you can insist on a preference for fast email or text communication over meetings. But would you really be comfortable?

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The relative stakes might seem a lot higher to you than they do for Cuban. Also, I suspect Cuban would set aside his "no meetings" preference for the right meeting.

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Imagine a highly sought-after free agent who he wanted to sign to the Mavericks. Would he truly refuse to meet in person if the player wanted to?

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That said, I think you can pull out some of the advantages Cuban talks about from a less-meeting, more-emailing life.

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Near the top, besides reclaimed time, is that email creates a virtual paper trail. 

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"I want to do everything via email because that allows me go to back and look something up," Cuban said in that same highly meta video interview. "I've got emails that are 25 years old now."

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Even if you do have to attend meetings (virtual ones, even, given our current situation), you can certainly send short follow-up emails afterward, documenting things that were proposed or decided, and politely inviting others to "correct me if I'm misremembering."

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Another advantage comes from simply doing the math: figuring out the value of the time that you'd be putting into a meeting, and comparing it to other things you could be doing (and the size of the potential opportunity you'd be discussing).

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For Cuban, it might be hard to justify spending an hour or two talking to someone about a small investment opportunity, even if if might ultimately lead to a $1 million profit.

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You or me? We might be a lot more willing to put in time for that kind of return. 

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At the end of the day, all of this comes down to how you want to spend the time you have on this planet -- time being the most finite resource, much more than money.

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You don't need to be Mark Cuban to realize that. But feel free to email him and ask for his opinion.

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