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" 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. "

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" 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

" Most brands started from a strong base and kept a strong belief. "

" 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. "

" 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. "

" As an entrepreneur, you never stop learning. "

" My parents always taught me that my day job would never make me rich; it'd be my homework. "

Daymond John

Parents

Job

" You don't have to work for a big corporation if you don't want to. "

" I believe the last thing I read at night will likely manifest when I'm sleeping. You become what you think about the most. "

" I'm a firm believer in utilizing celebrities because they tap into people on an emotional basis. "

" I value an entrepreneur I can get behind and trust, because I know they are attempting to move forward in life. "

" 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. "

" I've failed way more than I've succeeded. "

" When I first got into business, I made a lot of bad decisions. "

" Mentors, by far, are the most important aspects of businesses. "

" When looking at trends I always ask myself basic and timeless questions about business, and the one I seem to always come back to is, 'How is this different than anything else in the marketplace?' "

" 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. "

" 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. "

" 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. "

" I think Wall Street is very important, especially to tech companies. Wall Street will get in their rhythm and go fund tech companies, and tech companies will go create jobs and employ a lot of people, so there's that aspect of Wall Street. "

" 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. "

" If I invest in a CEO, I need him or her to have experience in sales. "

" 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. "

" 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. "

" As an entrepreneur, you love your business like a child, and you're taught to be laser-focused on the business. "

" 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. "

" 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. "

" A savvy entrepreneur will not always look for investment money, first. "

" 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. "

" 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. "

" 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. "