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" 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
Company
Dream
Potential
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" 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
You
Ready
Better
" 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
Know
Partnerships
Money
" In my mind, there are too many copycat web products out there that are doing the same thing. "
Daymond John
Doing
Out
Products
" 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
Look
Business
Want
" I'm a firm believer in utilizing celebrities because they tap into people on an emotional basis. "
Daymond John
Firm
Tap
People
" Fortunately, right now 'entrepreneurship' is one of the business world's biggest buzz words and so many young people in our country are looking up to this new generation of CEO's as their modern day rock stars. Whenever you have that effect, it makes the job of promoting entrepreneurship much easier. "
Daymond John
Stars
Words
People
" No matter what business you're in, business is business, and financing and money are critical. I would have made a lot fewer mistakes if I had more schooling in that area. "
Daymond John
Business
Matter
Mistakes
" Mentors, by far, are the most important aspects of businesses. "
Daymond John
The Most Important
Important
Mentors
" I value an entrepreneur I can get behind and trust, because I know they are attempting to move forward in life. "
Daymond John
Value
Know
Trust
" I've come to learn that my initial investment is more about the person versus the product that I am buying into. I've also learned that I really do enjoy giving worthy people an opportunity of a lifetime. "
Daymond John
Enjoy
People
Opportunity
" As an entrepreneur, you love your business like a child, and you're taught to be laser-focused on the business. "
Daymond John
Entrepreneur
Child
Business
" 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
Friends
Myself
Information
" I think that in the earlier days, when I was a 'wantrepreneur,' I was really doing things because I thought what I wanted was to be rich. "
Daymond John
Days
Rich
Think
" A savvy entrepreneur will not always look for investment money, first. "
Daymond John
Look
Entrepreneur
Money
" Learn as many mistakes and what not to do while your business or product is small. Don't be in such a hurry to grow your brand. Make sure that you and the market can sustain any bumps that may occur down the road. "
Daymond John
Mistakes
Business
Road
" Five days a week, I read my goals before I go to sleep and when I wake up. There are 10 goals around health, family and business with expiration dates, and I update them every six months. "
Daymond John
Health
Family
Business
" 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
Forward
Business
Smart
" 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
Delivery
Red
Work
" Good grooming is integral and impeccable style is a must. If you don't look the part, no one will want to give you time or money. "
Daymond John
Time
Style
Money
" I believe the last thing I read at night will likely manifest when I'm sleeping. You become what you think about the most. "
Daymond John
Sleeping
You
Think
" 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
Face
Together
People
" My parents always taught me that my day job would never make me rich; it'd be my homework. "
Daymond John
Me
Parents
Job
" Most brands started from a strong base and kept a strong belief. "
Daymond John
Belief
Kept
Strong
" 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
Kind
Lead By Example
Person
" The things that I've learned is, try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner's money or assets, you've learned, and you don't make bigger mistakes. "
Daymond John
You
Partner
Money
" FUBU is pretty well licensed out in China and Asia. In America it's a little more of a challenge, obviously, because it's a branded sport. "
Daymond John
America
China
More
" I don't care if you're my brother - if we go play football, I'm gonna try to crack your head open. It doesn't mean that I don't love you. It doesn't mean that I don't respect you. "
Daymond John
Respect
Football
Care
" 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
Last
Person
Successful
" I already have enough apparel businesses that are either doing well or not really doing anything at all, and I'm looking to broaden my portfolio. "
Daymond John
Portfolio
Doing
Enough
" If I invest in a CEO, I need him or her to have experience in sales. "
Daymond John
Experience
Her
Him