Daymond John
Daymond John
Daymond Garfield Johnis an American entrepreneur, investor, television personality, author and motivational speaker. He is best known as the founder, president, and CEO of FUBU, and appears as an investor on the ABC reality television series Shark Tank...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth23 February 1969
CityBrooklyn, NY
CountryUnited States of America
struggle ideas payroll-tax
While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don't have the financial literacy to scale their businesses and attract investors.
thinking process ifs
I think it's only failure if you put the word failure on it. I think it's part of the process of learning where you're going to go and what doesn't work.
dream ifs your-dreams
If you aren't living your dreams then you're living your fears.
money ran
I started FUBU in 1989 but ran out of money three times and closed it down.
bigger learned level money
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.
attempting behind life move trust value
I value an entrepreneur I can get behind and trust, because I know they are attempting to move forward in life.
brands business complement curve hit lasts line needed partners remind
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.
firm general individual last mark mentors running
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.
access business learned lower operating shortcut solve understand ways
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.
believer firm people
I'm a firm believer in utilizing celebrities because they tap into people on an emotional basis.
besides business knew
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.
african apparel business lack saw
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.
business delivery waiter work
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.
bugs business course developed point price record time track worked
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.