Presumably, the limit is
[tex]\displaystyle\lim_{h\to0}\frac{(x+h)^3-x^3}h[/tex]
Now, if you're familiar with the definition of the derivatives, you'll notice that this is the limit form of the derivative of the function [tex]f(x)=x^3[/tex], which you may also know to be [tex]3x^2[/tex]. But let's assume you don't know that just yet, and that it's actually the result you intend to find.
Expand the numerator:
[tex]\dfrac{(x+h)^3-x^3}h=\dfrac{(x^3+3x^2h+3xh^2+h^3)-x^3}h=\dfrac{3x^2h+3xh+h^3}h[/tex]
Now, when [tex]h\neq0[/tex], we can divide through by the lowest power of [tex]h[/tex]. We can do this because we're considering the limit as [tex]h[/tex] is *approaching* 0, and not when it actually takes on the value of [tex]h=0[/tex].
[tex]\dfrac{(x+h)^3-x^3}h=3x^2+3xh+h^2[/tex]
Now, as [tex]h\to0[/tex], we can see only the leading term remains, so that
[tex]\displaystyle\lim_{h\to0}\frac{(x+h)^3-x^3}h=3x^2[/tex]
as expected.