He is one of America's most well-known entrepreneurs, with hundreds of successful startups in his portfolio, a fortune of over $ 300 million and a clothing brand that started in his mother's home and now has revenues of over $ 6 billion.
But as Daymond John himself explains, she is very honest about her limits.
"I can not help every business. If I could then all mine would be like Nike ".
According to John, knowing your limits is just as important as knowing what makes you successful. It even gives 4 tips-rules of success that any startup founder can apply:
Table of Contents
1. Never stop learning
During the lockdown, Daymond John reveals that he did as many digital courses as he could.
"These days I need to know my customers better and make better decisions. Both as a businessman and as an investor ". That's why he attended all the courses he found on internet marketing, digital conversion tactics, etc.
"Never stop learning, that's what real entrepreneurs do."
2. Take care of your customers before you find new ones
Daymond John explains how he learned this business advice by spending time with billionaires.
"It is easier to dissatisfy your existing customers than to find new ones. Before you try to find them, make sure the first ones are happy. Take care of them and they will become the representatives of your brand "
3. Find the roots of your failures
John admits that when he looks at his career so far he thinks of all the mistakes he made. In fact, his mistakes were usually caused by 2 factors:
- Lack of financial education (admits that he used to invest in companies without devoting enough time to fully understand them)
- Egoism (he believed he could help them all because he is the Draymond John. Then he realized that he is not something special and he should "To lift his head and work").
4. Understand what makes you successful
The common denominator of all successful Daymond John businesses and investments is one: the passion.
"When I look at a new business opportunity, it has to excite me enough to give it my all; it has to make me feel like it's Christmas!"
So these are the 4 golden tips for success that Daymond John gives to every startup founder, at whatever stage he is at.
