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" 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. "

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" 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?' "

Daymond John

Business

Myself

Looking

" 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. "

" 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. "

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

" 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. "

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

" 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. "

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

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

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

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

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

" As an entrepreneur, you never stop learning. "

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

" When you have a large amount of the workforce being laid off, some of them have no other choice but to go out there and invent something. "

Daymond John

Off

Choice

" 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! "

" 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. "

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

" 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. "

" 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

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

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

" 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. "

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

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

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