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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. "
Daymond John
Go
Off
Choice
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" I consider each business investment based on concept and revenue. "
Daymond John
Concept
Revenue
Investment
" 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
" 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
" I've failed way more than I've succeeded. "
Daymond John
Way
Than
Succeeded
" 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. "
Daymond John
Process
Think
You
" 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
" 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
" 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
" 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
" 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. "
Daymond John
Business
Problems
Think
" 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
" 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 look to work with businesses that know what they are doing but need larger distribution or exposure. "
Daymond John
Know
Need
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. "
Daymond John
Look
Business
Want
" 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
" 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
" When I first got into business, I made a lot of bad decisions. "
Daymond John
Business
Got
First
" A savvy entrepreneur will not always look for investment money, first. "
Daymond John
Look
Entrepreneur
Money
" 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
" 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
" As an entrepreneur, you never stop learning. "
Daymond John
Entrepreneur
You
Learning
" 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
" 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. "
Daymond John
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. "
Daymond John
Time
Style
Money
" 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 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
" If I invest in a CEO, I need him or her to have experience in sales. "
Daymond John
Experience
Her
Him
" 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. "
Daymond John
Health
Family
Business
" 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