While many people know Mark Cuban from his role as a "shark" investor on the popular TV show Shark Tank, Mark is a fabulously successful entrepreneur and investor who owns the Dallas Mavericks professional basketball team, Landmark Theatres, and Magnolia Pictures.

Consider these powerful words that can lead you to success.

1. "What I've learned is that if you really want to be successful at something, you'll find that you put the time in. You won't just ask somebody if it's a good idea, you'll go figure out if it's a good idea."

2. "Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don't do it."

3. "Work like there is someone working 24 hours a day to take it all away from you."

4. "Don't start a company unless it's an obsession and something you love. If you have an exit strategy, it's not an obsession."

5. "If you're prepared and you know what it takes, it's not a risk. You just have to figure out how to get there. There is always a way to get there."

6. "It doesn't matter how many times you have failed, you only have to be right once."

7. "Open offices keep everyone in tune with what is going on and keep the energy up. If an employee is about privacy, show him or her how to use the lock on the bathroom."

8. "I love to compete. To me, business is the ultimate sport. It's always on. There is always someone trying to beat me."

9. "When you've got 10,000 people trying to do the same thing, why would you want to be number 10,001?"

10. "It is so much easier to be nice, to be respectful, to put yourself in your customers' shoes and try to understand how you might help them before they ask for help, than it is to try to mend a broken customer relationship."

11. "I worked hard and smarter than most people in the businesses I have been in."

12. "I still work hard to know my business. I'm continuously looking for ways to improve all my companies, and I'm always selling. Always."

13. "I create offbeat advice; I don't follow it. I rarely take third-party advice on my investments."

14. "What I do know, at least what I think I have learned from my experiences in business, is that when there is a rush for everyone to do the same thing, it becomes more difficult to do. Not easier. Harder."

15. "Treat your customers like they own you. Because they do."

16. "I'm a believer that you accomplish much, much more with direct relationships than by using an intermediary. And that cash you keep in the bank can be the difference between staying alive as a small business, or not."

17. "If you've got $25,000, $50,000, $100,000, you're better off paying off any debt you have because that's a guaranteed return."

18. "A sure sign of failure for a startup is when someone sends me logo-embroidered polo shirts. If your people are at shows and in public, it's okay to buy for your own employees, but if you really think people are going to wear your branded polo when they're out and about, you are mistaken and have no idea how to spend your money."

19. "It's not about money or connections--it's the willingness to outwork and outlearn everyone...And if it fails, you learn from what happened and do a better job next time."

Published on: Mar 20, 2015