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" My parents always taught me that my day job would never make me rich; it'd be my homework. "
Daymond John
Me
Parents
Job
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" I believe the last thing I read at night will likely manifest when I'm sleeping. You become what you think about the most. "
Daymond John
Sleeping
You
Think
" I consider each business investment based on concept and revenue. "
Daymond John
Concept
Revenue
Investment
" I've failed way more than I've succeeded. "
Daymond John
Way
Than
Succeeded
" 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! "
Daymond John
Bright
Weekend
Miami
" 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. "
Daymond John
Business
Matter
Mistakes
" As an entrepreneur, you love your business like a child, and you're taught to be laser-focused on the business. "
Daymond John
Entrepreneur
Child
Business
" 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. "
Daymond John
Last
Person
Successful
" 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. "
Daymond John
Friends
Myself
Information
" 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. "
Daymond John
You
Never
Money
" Mentors, by far, are the most important aspects of businesses. "
Daymond John
The Most Important
Important
Mentors
" I'm a big advocate of financial intelligence. "
Daymond John
Financial
Finance
Intelligence
" I'm a firm believer in utilizing celebrities because they tap into people on an emotional basis. "
Daymond John
Firm
Tap
People
" 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. "
Daymond John
Know
Partnerships
Money
" 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
" 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
" 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. "
Daymond John
Respect
Football
Care
" Every problem can be solved as long as they use common sense and apply the right research and techniques. "
Daymond John
Common Sense
Research
Problem
" 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. "
Daymond John
Forward
Business
Smart
" 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. "
Daymond John
Create
Important
Think
" 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
" 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
More
" I started FUBU in 1989 but ran out of money three times and closed it down. "
Daymond John
Closed
Started
Money
" 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. "
Daymond John
New
Fashion
Look
" In my mind, there are too many copycat web products out there that are doing the same thing. "
Daymond John
Doing
Out
Products
" 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
" I value an entrepreneur I can get behind and trust, because I know they are attempting to move forward in life. "
Daymond John
Value
Know
Trust
" 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. "
Daymond John
Days
Rich
Think
" 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. "
Daymond John
Business
Think
Never
" 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. "
Daymond John
Enjoy
People
Opportunity
" 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
Go
Off
Choice