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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. "

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" 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

" 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. "

" 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. "

" 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. "

" 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. "

" When I first came into money, I bought six or seven homes. One weekend I went to Miami and bought an apartment and a mansion several blocks from each other, which was not that bright! "

" As an entrepreneur, you never stop learning. "

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

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

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

" 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

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

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

" 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?' "

" One of my business partners would remind me that no fashion line lasts forever, that we would hit the down curve eventually, and that we needed to look for new brands that complement the first one. "

" 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 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. "

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

" I consider each business investment based on concept and revenue. "

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

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

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

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

" 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 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. "

" 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. "

" 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 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. "