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" 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. "

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" 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

" 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. "

" 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. "

" 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. "

" 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. "

" Every problem can be solved as long as they use common sense and apply the right research and techniques. "

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

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

" 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. "

" As an entrepreneur, you never stop learning. "

" 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. "

" 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. "

" I'm a big advocate of financial intelligence. "

" 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. "

" 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. "

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

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

" I've learned, like with anything else, business is only as good as your connections and your resources. And some of the resources that I have are the fact that I work with huge artists. "

Daymond John

Business

Good

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

" 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. "

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

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

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

" 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. "

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

" 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. "

" 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. "