-
I like to look at things that have been developed and re-developed over the course of time so I know the bugs are worked out of it. And in the business itself, I like to look at sales, by far. I want to see that there is a vetted track record of sales to show the price point has worked.
Daymond John -
Mentors don't have to be the Daymond Johns or the Mark Cubans. A person running a successful bodega or a tax firm in your community for the last 20 years, that person is working just as much as the individual who's running General Mills.
Daymond John
-
My parents always taught me that my day job would never make me rich; it'd be my homework.
Daymond John -
There really is no shortcut just because you have a name, or you have some kind of access or some way you can solve all the problems. And I think one of the things I learned with FUBU, you have to understand that there's really only two ways of operating a business: more sales, or lower overhead.
Daymond John -
I think African Americans are resilient and hustlers by nature. I think they need to understand that you can take that hustle to the boardroom, but it has to be an education process.
Daymond John -
An entrepreneur needs to know what they need, period. Then they need to find an investor who can build off whatever their weaknesses are - whether that's through money, strategic partnerships or knowledge.
Daymond John -
You don't have to work for a big corporation if you don't want to.
Daymond John -
In the founders, I look for a person I feel is trustworthy, driven and smart. I invest in the person first, because in the event the business fails, the person and I can move forward and create another business.
Daymond John
-
I never knew anything other than wanting to be an entrepreneur. I tried my first business when I was 6 years old, and I started another business when I was 8. I don't think I knew anything besides that.
Daymond John -
I had a little delivery van, and I did work around Queens. I was also a waiter at Red Lobster, so I was working on the business in between jobs.
Daymond John -
A savvy entrepreneur will not always look for investment money, first.
Daymond John -
Poor people put a low value on themselves and their efforts.
Daymond John -
I'm a big advocate of financial intelligence.
Daymond John -
A lot of times, I can put a product together with a distributor when I go into my Rolodex for distributors. I can then put it together with a face, such as an artist. And then I can go into my databank of retailers and people that I've been working with through the years of retail, and then also manufacturing.
Daymond John
-
If you don't educate yourself, you'll never get out of the starting block because you'll spend all your money making foolish decisions.
Daymond John -
As an entrepreneur, you love your business like a child, and you're taught to be laser-focused on the business.
Daymond John -
When I first got into business, I made a lot of bad decisions.
Daymond John -
The only thing that scares me in the tech area is that it moves so fast that you have to be ready to invest in 20 things. Because if you just invest in one, next week, somebody has a better mousetrap, and you get taken to the cleaners.
Daymond John -
In my mind, there are too many copycat web products out there that are doing the same thing.
Daymond John -
As an entrepreneur, you never stop learning.
Daymond John
-
I'm the kind of person that when I saw a lack of African Americans in the apparel business, that was something I set out to do, and I lead by example.
Daymond John -
I always tried to align myself with strategic partners, friends, and information to help me with the things that I did not know, and ultimately, I made it.
Daymond John -
I value an entrepreneur I can get behind and trust, because I know they are attempting to move forward in life.
Daymond John -
An entrepreneur must pitch a potential investor for what the company is worth as well as sell the dream on how much of a profit can be made.
Daymond John