Preparation is the key to cutting risk, Cuban says

Mark Cuban was already well-known as a flamboyant self-made billionaire. TV is about to elevate that fame. He canned three contestants on the premiere of his reality show, The Benefactor, last Monday. Episode 2 airs tonight at 8 ET on ABC. He[base ']s president of HDNet, a high-definition TV network and owns the Dallas Mavericks NBA team. Forbes said he was worth $1.3 billion in 2003, the world[base ']s 329th-richest person. He got there by co-founding MicroSolutions, which he sold to CompuServe in 1990. He then co-founded Broadcast.com, which rose 250% the day of its initial public offering in 1998 and was sold to Yahoo with near-perfect timing at the peak of the Internet craze in 1999. Timing might be everything, but the 45-year-old said his business philosophy is [base "]no balls, no babies.[per thou] That[base ']s something you don[base ']t hear at too many board meetings, so USA TODAY corporate management reporter Del Jones went to Cuban for an explanation. [Blog Maverick]

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