I think a great entrepreneur is learning every day. An entrepreneur is somebody that doesn't take no for an answer - they're going to figure something out. They also take responsibility. They don't blame anybody else. And they're dreamers in one sense but they're also realistic and they take affordable steps when they can.
Daymond JohnI 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.
Daymond JohnWhether people know it or not, I'm a big nature guy. I like snowboarding, I like fishing, and those are my ways to wind down.
Daymond JohnWhen 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 JohnI think the single biggest turn off is people who think that they need money and they need all these people around them so if they get the money they can just buy all the things they need to help the company... [without] hav[ing] to put in the work themselves.
Daymond JohnI look to work with businesses that know what they are doing but need larger distribution or exposure.
Daymond JohnIf 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 JohnThe 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.
Daymond JohnIn my mind, there are too many copycat web products out there that are doing the same thing.
Daymond JohnI 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 JohnIn entrepreneurship, you decide to give up your day job at the point where either (A) the hobby/new business is at least making some form of ends meet, or (B) you feel that you need to dedicate yourself for a certain amount of time to it and give yourself the last hoorah.
Daymond JohnMy mother said, "Money is a great slave but a horrible master." It was her version of a French proverb.
Daymond JohnI'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 JohnI'm not a golf player. I think golf and fishing are the same, but at the end of the day, you can't fry up and golf ball and dip it in tartar sauce. So I'm a fisherman.
Daymond JohnAn 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 JohnWhen you sell a product or service, you're making a promise to your audience. If you don't understand your audience, you'll never be able to keep that promise and you'll ultimately let them down.
Daymond JohnIf you can't come clean and tell investors how and why you failed, that raises a red flag. They need to see that you learned from it and came back stronger.
Daymond JohnMake sure you're doing something that you love, that you're willing to do for the rest of your life. If you're doing it for money, that's the only thing you won't make.
Daymond JohnWhen 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 JohnWhile good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issuesโฆ In other words, they don't have the financial literacy to scale their businesses and attract investors.
Daymond JohnIt takes the same energy to think small as it does to think big. So dream big and think bigger.
Daymond JohnIt is very, very hard to do that ballroom dancing and I am going to be nowhere near it. Now if you have a hot dog eating contest, call me.
Daymond JohnThe perfect breakfast is fish with grits and scrambled eggs with onions. I'm getting hungry thinking about that.
Daymond JohnTry 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. Try to go as far as you can without anybody else's help first.
Daymond John