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" 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

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" I started FUBU in 1989 but ran out of money three times and closed it down. "

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

Daymond John

Parents

Job

" 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 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. "

" 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. "

" 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. "

" 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. "

" 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. "

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

" 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. "

" I look to work with businesses that know what they are doing but need larger distribution or exposure. "

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

" 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. "

" 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. "

" As an entrepreneur, you never stop learning. "

" 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. "

" 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?' "

" 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. "

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

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

" 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. "

" 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. "

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

" 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. "

" Poor people put a low value on themselves and their efforts. "

" In my mind, there are too many copycat web products out there that are doing the same thing. "

" 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. "

" 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. "

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

" 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. "