Faithwire
  • Watch
  • Go!
  • Podcasts
  • Contact Us
  • Newsletter
  • Facebook
  • Twitter
  • YouTube
  • Instagram
  • News
  • Politics
  • Coronavirus Updates
  • Faith
  • Opinion
  • Christmas
  • Set Free Course

Mark Cuban Predicts Really Good News for the Economy After Coronavirus Pandemic Ends

Photo by Michael Cohen/Getty Images
Photo by Michael Cohen/Getty Images
Share Tweet
By Tré Goins-Phillips
Editor

March 26, 2020

Mark Cuban, an entrepreneur and the owner of the Dallas Mavericks, is predicting a major economic victory in the wake of the coronavirus pandemic.

“I think we are truly going to see the best of capitalism when we come out of the other side,” Cuban said during an appearance on the “Fox News Rundown” podcast, “because this is where people are going to be entrepreneurial.”

How Does Evangelism Work When We Can’t See Each Other Face-to-Face?

The 61-year-old “Shark Tank” investor went on to explain there are three things business owners and leaders “can do to really try to turn a huge negative into a positive.”

Cuban said entrepreneurs can use this time as an opportunity to communicate more effectively with their stakeholders, employees, suppliers, and customers, likening it to spending more time with family while we’re all quarantined at home.

“Just like it’s a chance for us to talk to our family,” he explained, “this is a chance for you to connect more closely with your stakeholders.”

They can also use this forced slowdown to retool their companies, gearing up for the eventual return to business. Cuban encouraged business owners to “redo their processes” because “now’s the chance to do that.”

Coronavirus and Christianity: Navigating the Current Crisis Well

The famed investor said it’s important for his fellow entrepreneurs to stay abreast of what kind of offerings the government is handing out to business owners during this pandemic, which has all but totally halted the economy.

“If you’re a CEO or an entrepreneur that owns your own business right now, you need to be up to speed immediately,” Cuban said just hours after the U.S. Senate approved a $2 trillion coronavirus relief bill, $367 billion of which will go to assist small businesses.

“If you keep your employees,” he continued, “if you have fewer than 500 employees and you commit to retain all your employees, the government’s going to pay their salary.”

Cuban then lauded Americans’ entrepreneurial spirits, saying the ongoing pandemic will result in the creation of “amazing companies” and the manufacturing of products “that will really change the world.”

“That’s what makes America different,” he said. “That’s what makes us unique. We truly are a country of entrepreneurs. We have that spirit to go out and start companies, to be creative, to take risks.”

Though the situation is bleak right now, and we have embraced some level of “socialism,” Cuban explained, the situation will not remain that way. He has “complete confidence” the U.S. will rebound.

“I truly believe in American exceptionalism,” he added. “There’s no other country in the world that’s going to be able to figure out like we can, we’ll use this opportunity, we’ll use the situation.”

Latest

  • Politics

    Major Retailers Drop MyPillow Over CEO Mike Lindell’s Comments on Capitol Riot, Election Fraud

  • News

    Trade Uncovers Serious Health Issue for NBA Star Caris LeVert, May Have Saved His Life

  • News

    Joe Biden Sworn in as America’s 46th President – Here’s His Address to the Nation

  • Faith

    Court Strikes Obama’s ‘Transgender Mandate’ that Forced Some Doctors to Violate Their Faith

  • News

    ‘Good Riddance!’: China’s State-Run Media Celebrates End of Trump Presidency


Sponsored Sidebar Default (2)

Navigation

  • Watch
  • Go!
  • Podcasts
  • Contact Us
  • Newsletter
  • Staff
  • Privacy Policy
  • Terms of Service

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • Instagram

Subscribe to the Newsletter

Sign up to get our newsletter your inbox every day.

Newsletter Signup

Do you want to read
more articles like this?


Advertisement
Advertisement
Advertisement