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" Mentors, by far, are the most important aspects of businesses. "
Daymond John
The Most Important
Important
Mentors
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" 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. "
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" 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. "
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" Poor people put a low value on themselves and their efforts. "
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" 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. "
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" I'm a firm believer in utilizing celebrities because they tap into people on an emotional basis. "
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" I value an entrepreneur I can get behind and trust, because I know they are attempting to move forward in life. "
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" 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. "
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Go
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" As an entrepreneur, you never stop learning. "
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" My parents always taught me that my day job would never make me rich; it'd be my homework. "
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Me
Parents
Job
" 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. "
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Delivery
Red
Work
" 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. "
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Look
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Want
" When I first got into business, I made a lot of bad decisions. "
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Business
Got
First
" I started FUBU in 1989 but ran out of money three times and closed it down. "
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Closed
Started
Money
" 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. "
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Health
Family
Business
" I think that in the earlier days, when I was a 'wantrepreneur,' I was really doing things because I thought what I wanted was to be rich. "
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Days
Rich
Think
" I believe the last thing I read at night will likely manifest when I'm sleeping. You become what you think about the most. "
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Sleeping
You
Think
" As an entrepreneur, you love your business like a child, and you're taught to be laser-focused on the business. "
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Entrepreneur
Child
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. "
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Business
Think
Never
" If I invest in a CEO, I need him or her to have experience in sales. "
Daymond John
Experience
Her
Him
" Most brands started from a strong base and kept a strong belief. "
Daymond John
Belief
Kept
Strong
" 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. "
Daymond John
Mistakes
Business
Road
" I look to work with businesses that know what they are doing but need larger distribution or exposure. "
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Know
Need
Work
" 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. "
Daymond John
Kind
Lead By Example
Person
" 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
" 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. "
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Company
Dream
Potential
" 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. "
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Time
Style
Money
" If you go out there and start making noise and making sales - people will find you. Sales cure all. You can talk about how great your business plan is and how well you are going to do. You can make up your own opinions, but you cannot make up your own facts. Sales cure all. "
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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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" 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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Know
Partnerships
Money
" I'm a big advocate of financial intelligence. "
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Financial
Finance
Intelligence