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Daymond John [1969-0] American

Rank: 101
Businessman, CEO of FUBU

Daymond Garfield John is 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.

Business, Money, Education, Experience, Finance, Intelligence, Knowledge

Quote	Tags	Rank
I'm a big advocate of financial intelligence.	Finance, Intelligence	101
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.	Money	102
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.	Business	103
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.		104
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.	Business	105
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.	Business, Money	106
Most brands started from a strong base and kept a strong belief.		107
A savvy entrepreneur will not always look for investment money, first.	Money	108
If I invest in a CEO, I need him or her to have experience in sales.	Experience	109
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.	Knowledge	110
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.	Business	111
Mentors, by far, are the most important aspects of businesses.		112
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.		113
Poor people put a low value on themselves and their efforts.		114
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.	Education	115
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?'		116
My parents always taught me that my day job would never make me rich; it'd be my homework.		117
I believe the last thing I read at night will likely manifest when I'm sleeping. You become what you think about the most.		118
As an entrepreneur, you love your business like a child, and you're taught to be laser-focused on the business.		119
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.		120
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.		121
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.		122
The only thing that scares me in the tech area is that it moves so fast that you have to be ready to invest in 20 things. Because if you just invest in one, next week, somebody has a better mousetrap, and you get taken to the cleaners.		123
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.		124
You don't have to work for a big corporation if you don't want to.		125
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.		126
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.		201
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.		202
I consider each business investment based on concept and revenue.		203
I look to work with businesses that know what they are doing but need larger distribution or exposure.		204
Every problem can be solved as long as they use common sense and apply the right research and techniques.		205
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.		206
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.		207
As an entrepreneur, you never stop learning.		208
I've failed way more than I've succeeded.		209
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!		210
In my mind, there are too many copycat web products out there that are doing the same thing.		211
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.		212
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.		213
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.		214
I value an entrepreneur I can get behind and trust, because I know they are attempting to move forward in life.		215
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.		216
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.		217
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.		218
When I first got into business, I made a lot of bad decisions.		219
I started FUBU in 1989 but ran out of money three times and closed it down.		220
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.		221
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.		222
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.		223
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.		224
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.		225
I'm a firm believer in utilizing celebrities because they tap into people on an emotional basis.		226

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