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" You don't have to work for a big corporation if you don't want to. "
Daymond John
Work
Corporation
Big
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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
" 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
" I'm a big advocate of financial intelligence. "
Daymond John
Financial
Finance
Intelligence
" 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. "
Daymond John
Business
Great
People
" 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
Like
Good
" 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
" 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
" 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
" 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
" 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
" 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. "
Daymond John
You
Partner
Money
" I look to work with businesses that know what they are doing but need larger distribution or exposure. "
Daymond John
Know
Need
Work
" 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
" In my mind, there are too many copycat web products out there that are doing the same thing. "
Daymond John
Doing
Out
Products
" 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
" 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
" 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
" 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 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 started FUBU in 1989 but ran out of money three times and closed it down. "
Daymond John
Closed
Started
Money
" 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
" 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 savvy entrepreneur will not always look for investment money, first. "
Daymond John
Look
Entrepreneur
Money
" Poor people put a low value on themselves and their efforts. "
Daymond John
Low
Poor People
Poor
" 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
" 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
" 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
" 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. "
Daymond John
Company
Dream
Potential